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How Brookfield Asset Management (BAM) makes money

Brookfield Asset Management (BAM) made $1.8B of revenue in the second quarter 2026 (Q2 2026), +61% from a year earlier. Other revenues brought in $706M (40%); Infrastructure brought in $357M (20%); Real estate brought in $236M (13%). Of every dollar of revenue, 62¢ was left as operating profit, 67¢ was left as net earnings.

Drawing the Sankey…

Brookfield Asset Management revenue by segment, Q2 2026Brookfield Asset Management revenue by segment, Q2 2026Other revenues$706MInfrastructure$357MReal estate$236MEnergy$228MCredit$138MPrivate equity$88.0M
Brookfield Asset Management: revenue by line, Q1 2025 to Q2 2026Brookfield Asset Management: revenue by line, Q1 2025 to Q2 2026InfrastructureOther revenuesReal estateRenewable power and t…CreditPrivate equityEnergyInfrastructure: $357M latest$357MOther revenues: $706M latest$706MReal estate: $236M latest$236MRenewable power and transition: $0 latestCredit: $138M latest$138MPrivate equity: $88.0M latestEnergy: $228M latest$228MQ1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026
Other revenues went from 12% of revenue in Q1 2025 to 40% in Q2 2026, the largest shift in the mix.
Brookfield Asset Management revenue by quarterBrookfield Asset Management revenue by quarter$1.1BQ4 2024$1.1BQ1 2025$1.1BQ2 2025$1.3BQ3 2025$1.4BQ4 2025$1.3BQ1 2026$1.8BQ2 2026
Brookfield Asset Management: where each dollar of revenue goesBrookfield Asset Management: where each dollar of revenue goesOperating profit62¢Income tax9¢Net earnings67¢Operating cash flow31¢Free cash flow31¢

Revenue by segment, Q2 2026

SegmentRevenueShareQ/QY/Y
Other revenues$706M40.3%+103%+344%
Infrastructure$357M20.4%+0.6%+13%
Real estate$236M13.5%+3%+0.4%
Energy$228M13.0%+5%+14%
Credit$138M7.9%+28%+31%
Private equity$88.0M5.0%+10%+16%

Where each dollar of revenue goes

LineQ2 2026% of revenue
Revenue$1.8B100.0%
Operating profit$1.1B62.4%
Income tax$162M9.2%
Net earnings$1.2B66.9%
Operating cash flow$545M31.1%
Free cash flow$535M30.5%

Revenue, quarter by quarter

QuarterRevenueY/Y
Q2 2026$1.8B+61%
Q1 2026$1.3B+24%
Q4 2025$1.4B+31%
Q3 2025$1.3B+12%
Q2 2025$1.1B+19%
Q1 2025$1.1B+22%
Q4 2024$1.1B—

From Brookfield Asset Management's 10-Q filed Aug 10, 2026 (on EDGAR).

Questions

How does Brookfield Asset Management make money?

Brookfield Asset Management (BAM) made $1.8B of revenue in the second quarter 2026 (Q2 2026), +61% from a year earlier. Other revenues brought in $706M (40%); Infrastructure brought in $357M (20%); Real estate brought in $236M (13%). Of every dollar of revenue, 62¢ was left as operating profit, 67¢ was left as net earnings.

What is Brookfield Asset Management's biggest business?

Other revenues: $706M in the second quarter 2026, 40% of revenue, +344% from a year earlier.

What is Brookfield Asset Management's profit margin?

Net earnings were $1.2B, 66.9% of revenue, in the second quarter 2026; the operating margin was 62.4%.

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Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.