Filing Flows › Brookfield Asset Management (BAM) › Q1 2026
Brookfield Asset Management (BAM) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 8, 2026
Brookfield Asset Management (BAM) reported revenue of $1.3B for the first quarter 2026 (Q1 2026), +24% from a year earlier and -4% from the quarter before. Operating margin was 45.2%, net earnings $586M (43.8% of revenue).
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 follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.3B | -4% | +24% |
| Operating profit | $605M | -33% | +4% |
| Net earnings | $586M | -5% | +16% |
| Operating cash flow | $338M | -52% | +196% |
| Free cash flow | $332M | -53% | +196% |
What changed
Revenue was $1.3B in Q1 2026, up 24% year over year and down 4% from the previous quarter. Infrastructure was the largest line at 27% of revenue. Infrastructure added $0.04B year over year (up 15%), 18% of the total change. Real estate declined 22%.
Operating profit was $0.60B, a 45.2% margin (down 8.3 points year over year). Of the extra revenue versus Q1 2025, 10% reached operating profit, below the 54% margin then. Total costs grew 46% against revenue growth of 24%. The fastest-growing cost line was General & admin (+267%). Net earnings were $0.59B, up 16% year over year. The effective tax rate was 15.8%.
Operating cash flow was $0.34B (up 196% year over year), 58% of net earnings. Non-cash charges added back $0.01B of depreciation and amortization and $0.04B of share-based compensation. Working capital and other items used $0.30B. Capital expenditures of $0.01B left free cash flow of $0.33B.
Questions
What was Brookfield Asset Management's revenue in the first quarter 2026?
Brookfield Asset Management (BAM) reported revenue of $1.3B for the first quarter 2026 (Q1 2026), +24% from a year earlier and -4% from the quarter before.
Was Brookfield Asset Management profitable in the first quarter 2026?
Operating profit was $605M (45.2% of revenue) and net earnings $586M.