Filing Flows › Brookfield Asset Management (BAM) › Q3 2026 › vs Q3 2025
Brookfield Asset Management (BAM) Q3 2026 vs Q3 2025 (year over year)
Brookfield Asset Management's revenue rose $897M (+72%) from $1.3B in Q3 2025 to $2.1B in Q3 2026. The biggest changes: Other revenues +$588M (+212%); Credit +$211M (+201%); Private equity +$48.0M (+68%). Operating margin 57.4% against 60.5% (-3.0 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 Q3 2025, the increases inside each band.
Margins
| Q3 2026 | Q3 2025 | Change | |
|---|---|---|---|
| Operating margin | 57.4% | 60.5% | -3.0 pts |
| Net margin | 139.6% | 55.3% | +84.3 pts |
| Free cash flow margin | 24.2% | 59.2% | -34.9 pts |
Every line
| Line | Q3 2026 | Q3 2025 | Change | % |
|---|---|---|---|---|
| Infrastructure(a) | $371M | $334M | $37.0M | +11% |
| Credit | $316M | $105M | $211M | +201% |
| Real estate | $254M | $228M | $26.0M | +11% |
| Energy | $223M | $236M | −$13.0M | -6% |
| Private equity | $119M | $71.0M | $48.0M | +68% |
| Other revenues | $866M | $278M | $588M | +212% |
| Revenue | $2.1B | $1.3B | $897M | +72% |
| Other income, net | $2.1B | $13.0M | $2.1B | 161× |
| Operating profit | $1.2B | $757M | $477M | +63% |
| Costs & expenses | $915M | $495M | $420M | +85% |
| Pre-tax earnings | $3.3B | $770M | $2.6B | +332% |
| General & admin | $75.0M | $23.0M | $52.0M | +226% |
| Other operating costs | $840M | $472M | $368M | +78% |
| Net earnings | $3.0B | $692M | $2.3B | +333% |
| Income tax | $331M | $78.0M | $253M | +324% |
| Depreciation & amortization | $60.0M | $16.0M | $44.0M | +275% |
| Share-based compensation | $40.0M | $32.0M | $8.0M | +25% |
| Working capital & other | $2.5B | −$5.0M | $2.5B | — |
| Operating cash flow | $554M | $745M | −$191M | -26% |
| Free cash flow (OCF − capex) | $521M | $741M | −$220M | -30% |
| Capital expenditures | $33.0M | $4.0M | $29.0M | +725% |
Questions
How much did Brookfield Asset Management's revenue grow year over year in Q3 2026?
Brookfield Asset Management's revenue rose $897M (+72%) from $1.3B in Q3 2025 to $2.1B in Q3 2026.
What drove Brookfield Asset Management's revenue change in Q3 2026?
Other revenues +$588M (+212%); Credit +$211M (+201%); Private equity +$48.0M (+68%).