Filing Flows › Brookfield Asset Management (BAM) › Q3 2026 › vs Q2 2026
Brookfield Asset Management (BAM) Q3 2026 vs Q2 2026 (quarter over quarter)
Brookfield Asset Management's revenue rose $396M (+23%) from $1.8B in Q2 2026 to $2.1B in Q3 2026. The biggest changes: Credit +$178M (+129%); Other revenues +$160M (+23%); Infrastructure(a) +$143M (+63%). Operating margin 57.4% against 62.4% (-5.0 pts).
Brookfield Asset Management, Q3 2026: revenue $2.1B (+72% year over year), operating margin 57.4%, net earnings $3.0B, operating cash flow $554M. The chart draws each line against Q2 2026, the increases inside each band.
Margins
| Q3 2026 | Q2 2026 | Change | |
|---|---|---|---|
| Operating margin | 57.4% | 62.4% | -5.0 pts |
| Net margin | 139.6% | 66.9% | +72.7 pts |
| Free cash flow margin | 24.2% | 30.5% | -6.3 pts |
Every line
| Line | Q3 2026 | Q2 2026 | Change | % |
|---|---|---|---|---|
| Infrastructure(a) | $371M | $228M | $143M | +63% |
| Credit | $316M | $138M | $178M | +129% |
| Real estate | $254M | $236M | $18.0M | +8% |
| Energy | $223M | $357M | −$134M | -38% |
| Private equity | $119M | $88.0M | $31.0M | +35% |
| Other revenues | $866M | $706M | $160M | +23% |
| Revenue | $2.1B | $1.8B | $396M | +23% |
| Other income, net | $2.1B | $240M | $1.9B | +773% |
| Operating profit | $1.2B | $1.1B | $140M | +13% |
| Costs & expenses | $915M | $659M | $256M | +39% |
| Pre-tax earnings | $3.3B | $1.3B | $2.0B | +150% |
| General & admin | $75.0M | $25.0M | $50.0M | +200% |
| Other operating costs | $840M | $634M | $206M | +32% |
| Net earnings | $3.0B | $1.2B | $1.8B | +156% |
| Income tax | $331M | $162M | $169M | +104% |
| Depreciation & amortization | $60.0M | $13.0M | $47.0M | +362% |
| Share-based compensation | $40.0M | $42.0M | −$2.0M | -5% |
| Working capital & other | $2.5B | $682M | $1.9B | +273% |
| Operating cash flow | $554M | $545M | $9.0M | +2% |
| Free cash flow (OCF − capex) | $521M | $535M | −$14.0M | -3% |
| Capital expenditures | $33.0M | $10.0M | $23.0M | +230% |
Questions
How much did Brookfield Asset Management's revenue grow quarter over quarter in Q3 2026?
Brookfield Asset Management's revenue rose $396M (+23%) from $1.8B in Q2 2026 to $2.1B in Q3 2026.
What drove Brookfield Asset Management's revenue change in Q3 2026?
Credit +$178M (+129%); Other revenues +$160M (+23%); Infrastructure(a) +$143M (+63%).