Filing Flows › Brookfield Asset Management (BAM) › Q1 2026 › vs Q4 2025
Brookfield Asset Management (BAM) Q1 2026 vs Q4 2025 (quarter over quarter)
Brookfield Asset Management's revenue fell $56.0M (-4%) from $1.4B in Q4 2025 to $1.3B in Q1 2026. Operating margin 45.2% against 64.8% (-19.6 pts).
Brookfield Asset Management, Q1 2026: revenue $1.3B (+24% year over year), operating margin 45.2%, net earnings $586M, operating cash flow $338M. The chart draws each line against Q4 2025, the increases inside each band.
Margins
| Q1 2026 | Q4 2025 | Change | |
|---|---|---|---|
| Operating margin | 45.2% | 64.8% | -19.6 pts |
| Net margin | 43.8% | 44.1% | -0.3 pts |
| Free cash flow margin | 24.8% | 50.5% | -25.7 pts |
Every line
| Line | Q1 2026 | Q4 2025 | Change | % |
|---|---|---|---|---|
| Revenue | $1.3B | $1.4B | −$56.0M | -4% |
| Other income, net | $91.0M | $10.0M | $81.0M | +810% |
| Operating profit | $605M | $904M | −$299M | -33% |
| Costs & expenses | $733M | $490M | $243M | +50% |
| Pre-tax earnings | $696M | $914M | −$218M | -24% |
| General & admin | $22.0M | $9.0M | $13.0M | +144% |
| Other operating costs | $711M | $481M | $230M | +48% |
| Net earnings | $586M | $615M | −$29.0M | -5% |
| Income tax | $110M | $299M | −$189M | -63% |
| Depreciation & amortization | $13.0M | $10.0M | $3.0M | +30% |
| Share-based compensation | $37.0M | $29.0M | $8.0M | +28% |
| Working capital & other | $298M | −$52.0M | $350M | — |
| Operating cash flow | $338M | $706M | −$368M | -52% |
| Free cash flow (OCF − capex) | $332M | $704M | −$372M | -53% |
| Capital expenditures | $6.0M | $2.0M | $4.0M | +200% |
Questions
How much did Brookfield Asset Management's revenue grow quarter over quarter in Q1 2026?
Brookfield Asset Management's revenue fell $56.0M (-4%) from $1.4B in Q4 2025 to $1.3B in Q1 2026. Operating margin 45.2% against 64.8% (-19.6 pts).