Brookfield Infrastructure Corporation (BIPC) Income Statement
BIPC 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsBIPC revenue and net income
Where BIPC's revenue goes
2025Each bar shows an amount and its share of revenue. BIPC kept −6.6% of revenue as net income.
BIPC profit margins
BIPC growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +1.8% | +25.5% | +21.2% | — |
| Gross profit | +3.8% | +20.9% | +21.3% | — |
| Operating income | +3.6% | +21.6% | +20.1% | — |
| Net income | — | — | — | — |
| EPS (diluted) | — | — | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
BIPC quarterly EPS vs estimates
Brookfield Infrastructure beat the analyst EPS estimate in 1 of the last 7 quarters.
BIPC income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $3.73B | $3.67B | $2.55B | $1.89B | $1.63B | $1.43B | $1.66B | $1.48B | $1.37B | $347.0M |
| Cost of revenue | $1.36B | $1.38B | $792.3M | $542.0M | $521.4M | $527.0M | $564.8M | $526.7M | $474.5M | $89.0M |
| Gross profit | $2.37B | $2.29B | $1.76B | $1.34B | $1.11B | $903.0M | $1.09B | $954.7M | $896.1M | $258.0M |
| Sales, general & admin | $80.0M | $75.0M | $68.2M | $69.0M | $49.0M | $33.0M | $30.0M | $24.0M | $25.0M | $9.0M |
| Total operating expenses | $81.4M | $75.0M | $68.2M | $69.0M | $48.6M | $903.0M | $30.7M | $22.8M | $25.9M | $9.0M |
| Operating income | $2.29B | $2.21B | $1.69B | $1.27B | $1.06B | $916.0M | $1.04B | $982.0M | $870.2M | $249.0M |
| Interest income | — | — | — | — | — | — | $151.0M | $131.0M | $74.0M | $79.0M |
| Interest expense | $1.18B | $1.06B | $697.0M | $544.0M | $294.0M | $214.0M | $156.0M | $127.0M | $71.0M | $0 |
| Income before taxes | $1.10B | $437.0M | $991.9M | $1.88B | $428.2M | $37.0M | $842.0M | $815.0M | $780.1M | $57.0M |
| Income taxes | $391.7M | $365.0M | $374.7M | $262.0M | $401.4M | $269.0M | $272.0M | $234.0M | $182.3M | $12.0M |
| Net income | −$245.2M | −$608.0M | $113.0M | $1.09B | −$364.8M | −$552.0M | $197.0M | $202.0M | $214.4M | $45.0M |
| EBITDA | $2.93B | $2.28B | $2.09B | $2.64B | $953.5M | $534.0M | $1.34B | $1.20B | $1.13B | $249.0M |
| EPS (diluted) | −$0.31 | −$4.46 | −$3.85 | $3.06 | −$0.02 | $1.69 | $1.04 | $2.90 | — | — |
| Gross margin | 63.6% | 62.4% | 68.9% | 71.3% | 68.0% | 63.1% | 65.9% | 64.4% | 65.4% | 74.4% |
| Operating margin | 61.5% | 60.4% | 66.2% | 67.6% | 65.0% | 64.1% | 62.6% | 66.3% | 63.5% | 71.8% |
| Net margin | −6.6% | −16.6% | 4.4% | 58.0% | −22.4% | −38.6% | 11.9% | 13.6% | 15.6% | 13.0% |
| 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 | $940.0M | $884.0M | $970.7M | $917.0M | $866.0M | $929.0M | $917.4M | $919.3M | $907.7M | $898.0M | $942.2M | $543.8M |
| Cost of revenue | $368.0M | $345.0M | $345.2M | $336.0M | $303.0M | $355.0M | $360.5M | $341.7M | $328.9M | $337.5M | $345.2M | $144.1M |
| Gross profit | $572.0M | $539.0M | $625.5M | $581.0M | $563.0M | $574.0M | $556.8M | $577.6M | $578.8M | $560.5M | $597.0M | $399.7M |
| Sales, general & admin | $22.0M | $21.0M | $21.0M | $20.0M | $20.0M | $19.0M | $19.0M | $21.2M | $17.0M | $18.1M | $18.5M | $16.0M |
| Total operating expenses | $22.0M | $21.0M | $21.3M | $20.0M | $20.0M | $19.0M | $18.5M | $21.2M | $17.0M | $17.9M | $18.5M | $15.8M |
| Operating income | $550.0M | $518.0M | $604.1M | $561.0M | $543.0M | $555.0M | $538.4M | $556.4M | $561.8M | $542.6M | $578.5M | $383.9M |
| Interest expense | $322.0M | $305.0M | $307.7M | $312.0M | $267.0M | $273.0M | $298.0M | $269.0M | $259.0M | $239.0M | $221.0M | $162.0M |
| Income before taxes | $147.0M | $120.0M | $19.3M | $416.0M | −$207.0M | $857.0M | $118.6M | −$728.8M | $741.7M | $294.7M | $45.2M | $1.09B |
| Income taxes | $86.0M | $84.0M | $93.4M | $96.0M | $102.0M | $95.0M | $79.7M | $85.7M | $99.0M | $98.6M | $100.7M | $93.8M |
| Net income | −$83.0M | −$112.0M | −$238.6M | $82.0M | −$477.0M | $389.0M | −$145.8M | −$984.9M | $490.8M | $27.9M | −$233.2M | $901.1M |
| EBITDA | $630.0M | $584.0M | $837.4M | $895.0M | $213.0M | $2.09B | $597.6M | −$262.1M | $1.19B | $726.7M | $471.6M | $1.33B |
| EPS (diluted) | −$0.10 | −$0.84 | −$0.30 | $0.10 | −$0.60 | $0.49 | −$1.26 | −$6.83 | $3.43 | $0.20 | −$1.59 | $0.03 |
| Gross margin | 60.9% | 61.0% | 64.4% | 63.4% | 65.0% | 61.8% | 60.7% | 62.8% | 63.8% | 62.4% | 63.4% | 73.5% |
| Operating margin | 58.5% | 58.6% | 62.2% | 61.2% | 62.7% | 59.7% | 58.7% | 60.5% | 61.9% | 60.4% | 61.4% | 70.6% |
| Net margin | −8.8% | −12.7% | −24.6% | 8.9% | −55.1% | 41.9% | −15.9% | −107.1% | 54.1% | 3.1% | −24.8% | 165.7% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in BIPC's financial statements (latest annual report filed March 17, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
BIPC financial results
In fiscal year 2025 (ended December 31, 2025), Brookfield Infrastructure reported revenue of $3.7 billion, up 1.8% from the year before. It had a net loss of $245.2 million, a net profit margin of −6.6%. Diluted earnings per share came to −$0.31. Over five years revenue grew at an average rate of 21.2% a year.
See the BIPC stock overview for the latest quote and news, or the BIPC chart for price history and technical indicators.
BIPC income statement FAQ
What is Brookfield Infrastructure's annual revenue?
Brookfield Infrastructure reported total revenue of $3.7 billion for fiscal year 2025, which ended on December 31, 2025. That was up 1.8% from $3.7 billion the previous year.
Is Brookfield Infrastructure profitable?
No. Brookfield Infrastructure reported a net loss of $245.2 million in fiscal 2025, a net profit margin of −6.6%; its operating margin was 61.5%.
What is Brookfield Infrastructure's gross margin?
Brookfield Infrastructure's gross margin was 63.6% in fiscal 2025: for every $100 of revenue, Brookfield Infrastructure kept $64 after the direct cost of its products and services.
How fast is Brookfield Infrastructure growing?
Revenue grew 21.2% a year on average over the last five fiscal years, from $1.4 billion to $3.7 billion.
What are Brookfield Infrastructure's earnings per share?
Brookfield Infrastructure earned $-0.31 per diluted share in fiscal 2025, compared with $-4.46 a year earlier.
When does Brookfield Infrastructure's fiscal year end?
Brookfield Infrastructure's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on March 17, 2026.