Brookfield Asset Management Inc. (BAM) Income Statement
BAM 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsBAM revenue and net income
Where BAM's revenue goes
2025Each bar shows an amount and its share of revenue. BAM kept 53.9% of revenue as net income.
BAM profit margins
BAM growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +15.8% | +8.3% | +16.4% | −13.6% |
| Gross profit | +14.5% | +3.4% | +14.6% | −5.1% |
| Operating income | +9.8% | +2.2% | +14.8% | −1.9% |
| Net income | +14.6% | +9.1% | +45.4% | +0.6% |
| EPS (diluted) | +13.7% | −14.5% | — | −3.3% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
BAM quarterly EPS vs estimates
Brookfield Asset Management beat the analyst EPS estimate in 6 of the last 8 quarters. Next report: November 6, 2026 (estimate $0.45).
BAM income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $4.61B | $3.98B | $4.06B | $3.63B | $3.09B | $2.15B | $2.17B | $56.77B | $40.79B | $24.41B |
| Cost of revenue | $1.37B | $1.15B | $1.05B | $700.0M | $703.0M | $519.0M | $550.0M | $45.52B | $32.39B | $17.72B |
| Gross profit | $3.23B | $2.83B | $3.01B | $2.93B | $2.38B | $1.64B | $1.62B | $11.25B | $8.40B | $6.69B |
| Research & development | — | — | $1 | $1 | $1 | $0 | — | — | — | — |
| Sales, general & admin | $56.0M | $64.0M | $56.0M | $81.0M | $132.0M | $114.0M | $92.0M | $104.0M | $95.0M | $92.0M |
| Total operating expenses | $201.0M | $64.0M | $56.0M | $81.0M | $132.0M | $114.0M | $92.0M | $3.21B | $2.44B | $2.11B |
| Operating income | $3.03B | $2.76B | $2.96B | $2.85B | $2.25B | $1.52B | $1.53B | $8.05B | $5.96B | $4.58B |
| Interest income | $141.0M | $434.0M | $399.0M | $146.0M | $161.0M | $38.0M | $26.0M | — | — | — |
| Interest expense | $115.0M | $136.0M | $71.0M | $3.0M | $382.0M | $377.0M | $157.6M | $4.85B | $3.61B | $3.23B |
| Income before taxes | $2.92B | $2.55B | $2.55B | $3.49B | $3.33B | $783.0M | $1.72B | $7.24B | $5.16B | $2.99B |
| Income taxes | $527.0M | $438.0M | $417.0M | $627.0M | $504.0M | $226.0M | −$375.0M | −$248.0M | $613.0M | −$345.0M |
| Net income | $2.48B | $2.17B | $1.84B | $1.92B | $1.85B | $382.0M | $1.91B | $3.58B | $1.46B | $1.65B |
| EBITDA | $3.23B | $2.43B | $2.63B | $2.62B | $2.08B | $1.37B | $1.36B | $11.29B | $8.03B | $6.56B |
| EPS (diluted) | $1.66 | $1.46 | $1.37 | $2.66 | $2.39 | −$0.12 | $1.73 | $2.29 | $1.33 | $1.55 |
| Gross margin | 70.2% | 71.0% | 74.2% | 80.7% | 77.2% | 75.9% | 74.7% | 19.8% | 20.6% | 27.4% |
| Operating margin | 65.8% | 69.4% | 72.8% | 78.5% | 73.0% | 70.6% | 70.5% | 14.2% | 14.6% | 18.8% |
| Net margin | 53.9% | 54.5% | 45.3% | 52.8% | 60.0% | 17.7% | 88.0% | 6.3% | 3.6% | 6.8% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.71B | $1.32B | $1.24B | $1.14B | $1.09B | $1.08B | $1.06B | $1.12B | $916.0M | $884.0M | $1.13B | $893.0M |
| Cost of revenue | $127.7M | $233.7M | $331.0M | $379.0M | $404.0M | $259.0M | $276.0M | $326.0M | $277.0M | $275.0M | $283.0M | $208.0M |
| Gross profit | $1.58B | $1.09B | $905.0M | $761.0M | $686.0M | $822.0M | $787.0M | $791.0M | $639.0M | $609.0M | $847.0M | $685.0M |
| Sales, general & admin | $22.0M | $22.0M | $9.0M | $23.0M | $18.0M | $6.0M | $22.0M | $20.0M | $13.0M | $9.0M | $19.0M | $18.0M |
| Total operating expenses | $659.0M | $442.8M | −$42.0M | −$2.0M | $18.0M | $6.0M | $22.0M | $20.0M | $13.0M | $9.0M | $19.0M | $18.0M |
| Operating income | $921.8M | $643.0M | $947.0M | $763.0M | $668.0M | $816.0M | $765.0M | $771.0M | $626.0M | $600.0M | $828.0M | $667.0M |
| Interest income | — | — | $10.0M | $46.0M | $1.0M | $101.0M | $164.0M | $107.0M | $2.0M | — | — | $22.0M |
| Interest expense | $111.0M | $46.3M | $52.0M | $60.0M | $54.0M | $159.0M | $28.0M | $31.0M | $29.0M | $88.0M | $8.0M | $7.0M |
| Income before taxes | $1.33B | $686.4M | $914.0M | $770.0M | $659.0M | $582.0M | $809.0M | $633.0M | $660.0M | $444.0M | $647.0M | $562.0M |
| Income taxes | $162.0M | $108.5M | $299.0M | $78.0M | $75.0M | $75.0M | $129.0M | $96.0M | $142.0M | $71.0M | $116.0M | $52.0M |
| Net income | $904.0M | $608.5M | $560.0M | $716.0M | $620.0M | $581.0M | $688.0M | $544.0M | $495.0M | $441.0M | $374.0M | $494.0M |
| EBITDA | $1.17B | $745.7M | $976.0M | $838.0M | $597.0M | $741.0M | $658.9M | $691.0M | $551.0M | $528.0M | $719.0M | $589.0M |
| EPS (diluted) | $0.43 | $0.43 | $0.47 | $0.41 | $0.38 | $0.40 | $0.40 | $0.38 | $0.34 | $0.34 | $0.36 | $0.35 |
| Gross margin | 92.5% | 82.3% | 73.2% | 66.8% | 62.9% | 76.0% | 74.0% | 70.8% | 69.8% | 68.9% | 75.0% | 76.7% |
| Operating margin | 54.0% | 48.7% | 76.6% | 66.9% | 61.3% | 75.5% | 72.0% | 69.0% | 68.3% | 67.9% | 73.3% | 74.7% |
| Net margin | 52.9% | 46.1% | 45.3% | 62.8% | 56.9% | 53.7% | 64.7% | 48.7% | 54.0% | 49.9% | 33.1% | 55.3% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in BAM's financial statements (latest annual report filed March 2, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
BAM financial results
In fiscal year 2025 (ended December 31, 2025), Brookfield Asset Management reported revenue of $4.6 billion, up 15.8% from the year before. It had net income of $2.5 billion (up 14.6%), a net profit margin of 53.9%. Diluted earnings per share came to $1.66. Over five years revenue grew at an average rate of 16.4% a year.
See the BAM stock overview for the latest quote and news, or the BAM chart for price history and technical indicators.
BAM income statement FAQ
What is Brookfield Asset Management's annual revenue?
Brookfield Asset Management reported total revenue of $4.6 billion for fiscal year 2025, which ended on December 31, 2025. That was up 15.8% from $4.0 billion the previous year.
Is Brookfield Asset Management profitable?
Yes. Brookfield Asset Management reported net income of $2.5 billion in fiscal 2025, a net profit margin of 53.9%; its operating margin was 65.8%.
What is Brookfield Asset Management's gross margin?
Brookfield Asset Management's gross margin was 70.2% in fiscal 2025: for every $100 of revenue, Brookfield Asset Management kept $70 after the direct cost of its products and services.
How fast is Brookfield Asset Management growing?
Revenue grew 16.4% a year on average over the last five fiscal years, from $2.2 billion to $4.6 billion.
What are Brookfield Asset Management's earnings per share?
Brookfield Asset Management earned $1.66 per diluted share in fiscal 2025, compared with $1.46 a year earlier.
When will Brookfield Asset Management report its next earnings?
Brookfield Asset Management is expected to report results for the quarter ending September 30, 2026 on November 6, 2026 before the market opens.
When does Brookfield Asset Management's fiscal year end?
Brookfield Asset Management's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on March 2, 2026.