Brookfield Infrastructure Partners L.P. (BIP) Income Statement
BIP 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsBIP revenue and net income
Where BIP's revenue goes
2025Each bar shows an amount and its share of revenue. BIP kept 1.9% of revenue as net income.
BIP profit margins
BIP growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +9.8% | +17.0% | +21.1% | +28.7% |
| Gross profit | +16.1% | +16.7% | +21.6% | +19.4% |
| Operating income | +16.9% | +18.5% | +23.4% | +26.6% |
| Net income | +27.9% | +9.6% | +6.7% | +10.3% |
| EPS (diluted) | +2,150.0% | +45.9% | +31.4% | +7.2% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
BIP quarterly EPS vs estimates
Brookfield Infrastructure Partners beat the analyst EPS estimate in 4 of the last 8 quarters. Next report: November 6, 2026 (estimate $0.89).
BIP income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $23.10B | $21.04B | $17.93B | $14.43B | $11.54B | $8.88B | $6.60B | $4.65B | $3.54B | $2.12B |
| Cost of revenue | $16.88B | $15.68B | $13.47B | $10.51B | $8.25B | $6.55B | $4.61B | $2.21B | $1.51B | $1.06B |
| Gross profit | $6.22B | $5.36B | $4.46B | $3.92B | $3.29B | $2.34B | $1.99B | $2.44B | $2.03B | $1.05B |
| Sales, general & admin | $426.0M | $405.0M | $413.0M | $433.0M | $406.0M | $312.0M | $279.0M | $223.0M | $239.0M | $166.0M |
| Total operating expenses | $426.0M | $405.0M | $413.0M | $433.0M | $406.0M | $2.34B | $279.0M | $1.02B | $910.0M | $613.0M |
| Operating income | $5.80B | $4.96B | $4.05B | $3.48B | $2.88B | $2.02B | $1.71B | $1.42B | $574.0M | $439.0M |
| Interest income | $3.79B | $2.97B | $2.16B | $1.64B | $1.30B | $1.06B | $623.0M | $431.0M | $376.0M | $70.0M |
| Interest expense | $3.87B | $3.04B | $2.50B | $1.60B | $1.24B | $1.18B | $904.0M | $555.0M | $428.0M | $392.0M |
| Income before taxes | $3.12B | $1.95B | $2.03B | $1.94B | $3.33B | $1.20B | $928.0M | $1.17B | $747.0M | $543.0M |
| Income taxes | $589.0M | $270.0M | $581.0M | $560.0M | $614.0M | $291.0M | $278.0M | $364.0M | $173.0M | $15.0M |
| Net income | $449.0M | $351.0M | $367.0M | $341.0M | $766.0M | $324.0M | $211.0M | $192.0M | $124.0M | $369.0M |
| EBITDA | $11.01B | $8.64B | $7.02B | $5.69B | $6.61B | $3.94B | $2.96B | $2.54B | $1.84B | $1.13B |
| EPS (diluted) | $0.90 | $0.04 | $0.14 | $0.29 | $1.02 | $0.23 | $0.04 | $0.36 | −$0.03 | $0.68 |
| Gross margin | 26.9% | 25.5% | 24.9% | 27.2% | 28.5% | 26.3% | 30.1% | 52.5% | 57.3% | 49.7% |
| Operating margin | 25.1% | 23.6% | 22.6% | 24.1% | 25.0% | 22.8% | 25.9% | 30.5% | 16.2% | 20.8% |
| Net margin | 1.9% | 1.7% | 2.0% | 2.4% | 6.6% | 3.6% | 3.2% | 4.1% | 3.5% | 17.4% |
| 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 | $6.48B | $6.30B | $6.30B | $5.97B | $5.43B | $5.39B | $5.44B | $5.27B | $5.14B | $5.19B | $4.97B | $4.49B |
| Cost of revenue | $4.89B | $4.61B | $4.50B | $4.42B | $4.00B | $3.96B | $3.99B | $3.90B | $3.88B | $3.91B | $3.58B | $3.38B |
| Gross profit | $1.59B | $1.70B | $1.80B | $1.56B | $1.43B | $1.43B | $1.45B | $1.37B | $1.26B | $1.27B | $1.39B | $1.10B |
| Sales, general & admin | $114.0M | $109.0M | $114.0M | $107.0M | $108.0M | $97.0M | $103.0M | $113.0M | $92.0M | $97.0M | $101.0M | $100.0M |
| Total operating expenses | $114.0M | $109.0M | $114.0M | $107.0M | $108.0M | $97.0M | $103.0M | $113.0M | $92.0M | $97.0M | $101.0M | $1.10B |
| Operating income | $1.48B | $1.59B | $1.69B | $1.45B | $1.33B | $1.33B | $1.35B | $1.26B | $1.17B | $1.18B | $1.29B | $1.00B |
| Interest income | — | — | $1.09B | $735.0M | $1.06B | $902.0M | $612.0M | $840.0M | — | — | — | $510.0M |
| Interest expense | $1.07B | $1.05B | $1.05B | $1.01B | $909.0M | $899.0M | $894.0M | $873.0M | $826.0M | $794.0M | $726.0M | $640.0M |
| Income before taxes | $678.0M | $255.0M | $997.0M | $1.04B | $409.0M | $678.0M | $549.0M | $313.0M | $265.0M | $826.0M | $448.0M | $394.0M |
| Income taxes | $189.0M | $107.0M | −$7.0M | $287.0M | $157.0M | $152.0M | $98.0M | $79.0M | $81.0M | $12.0M | $172.0M | $138.0M |
| Net income | $62.0M | −$86.0M | $219.0M | $210.0M | $74.0M | $26.0M | $186.0M | −$73.0M | $35.0M | $131.0M | −$15.0M | $89.0M |
| EBITDA | $2.85B | $2.38B | $3.12B | $3.10B | $2.26B | $2.54B | $2.07B | $2.04B | $1.97B | $2.56B | $1.72B | $1.70B |
| EPS (diluted) | $0.89 | −$0.20 | $0.45 | $0.44 | −$0.03 | $0.04 | $0.22 | −$0.18 | −$0.10 | $0.10 | −$0.20 | $0.03 |
| Gross margin | 24.5% | 26.9% | 28.6% | 26.1% | 26.4% | 26.5% | 26.7% | 26.1% | 24.6% | 24.6% | 28.0% | 24.6% |
| Operating margin | 22.8% | 25.2% | 26.8% | 24.3% | 24.4% | 24.7% | 24.8% | 23.9% | 22.8% | 22.7% | 26.0% | 22.3% |
| Net margin | 1.0% | −1.4% | 3.5% | 3.5% | 1.4% | 0.5% | 3.4% | −1.4% | 0.7% | 2.5% | −0.3% | 2.0% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in BIP's financial statements (latest annual report filed March 17, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
BIP financial results
In fiscal year 2025 (ended December 31, 2025), Brookfield Infrastructure Partners reported revenue of $23.1 billion, up 9.8% from the year before. It had net income of $449.0 million (up 27.9%), a net profit margin of 1.9%. Diluted earnings per share came to $0.90. Over five years revenue grew at an average rate of 21.1% a year.
See the BIP stock overview for the latest quote and news, or the BIP chart for price history and technical indicators.
BIP income statement FAQ
What is Brookfield Infrastructure Partners's annual revenue?
Brookfield Infrastructure Partners reported total revenue of $23.1 billion for fiscal year 2025, which ended on December 31, 2025. That was up 9.8% from $21.0 billion the previous year.
Is Brookfield Infrastructure Partners profitable?
Yes. Brookfield Infrastructure Partners reported net income of $449.0 million in fiscal 2025, a net profit margin of 1.9%; its operating margin was 25.1%.
What is Brookfield Infrastructure Partners's gross margin?
Brookfield Infrastructure Partners's gross margin was 26.9% in fiscal 2025: for every $100 of revenue, Brookfield Infrastructure Partners kept $27 after the direct cost of its products and services.
How fast is Brookfield Infrastructure Partners growing?
Revenue grew 21.1% a year on average over the last five fiscal years, from $8.9 billion to $23.1 billion.
What are Brookfield Infrastructure Partners's earnings per share?
Brookfield Infrastructure Partners earned $0.90 per diluted share in fiscal 2025, compared with $0.04 a year earlier.
When will Brookfield Infrastructure Partners report its next earnings?
Brookfield Infrastructure Partners is expected to report results for the quarter ending September 30, 2026 on November 6, 2026 before the market opens.
When does Brookfield Infrastructure Partners's fiscal year end?
Brookfield Infrastructure Partners's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on March 17, 2026.