Filing Flows › Brookfield Asset Management (BAM) › Q3 2026
Brookfield Asset Management (BAM) Q3 2026 earnings results (third quarter 2026)
10-Q filed Nov 9, 2026
Brookfield Asset Management (BAM) reported revenue of $2.1B for the third quarter 2026 (Q3 2026), +72% from a year earlier and +23% from the quarter before. Operating margin was 57.4%, net earnings $3.0B (139.6% of revenue).
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 follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $2.1B | +23% | +72% |
| Operating profit | $1.2B | +13% | +63% |
| Net earnings | $3.0B | +156% | +333% |
| Operating cash flow | $554M | +2% | -26% |
| Free cash flow | $521M | -3% | -30% |
What changed
Revenue was $2.1B in Q3 2026, up 72% year over year and up 23% from the previous quarter. Infrastructure(a) was the largest line at 17% of revenue. Credit added $0.21B year over year (up 201%), 24% of the total change. Energy declined 6%.
Operating profit was $1.2B, a 57.4% margin (down 3.0 points year over year). Of the extra revenue versus Q3 2025, 53% reached operating profit, below the 60% margin then. Total costs grew 85% against revenue growth of 72%. The fastest-growing cost line was General & admin (+226%). Net earnings were $3.0B, up 333% year over year. The effective tax rate was 9.9%. Non-operating items added $2.1B, 63% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $0.55B (down 26% year over year), 18% of net earnings. Non-cash charges added back $0.06B of depreciation and amortization and $0.04B of share-based compensation. Working capital and other items used $2.5B. Capital expenditures of $0.03B left free cash flow of $0.52B.
Questions
What was Brookfield Asset Management's revenue in the third quarter 2026?
Brookfield Asset Management (BAM) reported revenue of $2.1B for the third quarter 2026 (Q3 2026), +72% from a year earlier and +23% from the quarter before.
Was Brookfield Asset Management profitable in the third quarter 2026?
Operating profit was $1.2B (57.4% of revenue) and net earnings $3.0B.