Brookfield Asset Management Ltd.BAM
Brookfield Asset Management Ltd. Financial Overview 2022–2025
Updated Jul 10, 2026Brookfield Asset Management locked 87% of its fee-bearing capital into long-dated or perpetual structures in FY2025, virtually eliminating flight risk and securing highly predictable cash flows. This capital stickiness transforms the alternative asset manager into a resilient fee engine capable of consistently compounding shareholder returns regardless of broader macroeconomic cycles.
This operational scale reflects a massive historical expansion, as fee-bearing capital grew from $418 billion in FY2022 to $603 billion by FY2025. Total revenues followed this upward trajectory, surging 21% year-over-year to reach $4.8 billion in FY2025, which ultimately generated $2.48 billion in net income. The firm accelerated its asset base by raising $110 billion in fresh capital across multiple strategies and deploying $65.6 billion into new investments over that same twelve-month period. Top-line momentum continued straight into Q1 2026, where revenues jumped another 24% year-over-year to $1.34 billion and total fee-bearing capital hit $613.8 billion.
At the close of FY2025, the stock traded at $52.39 per share. This market pricing followed years of steady bottom-line progression, where reported earnings climbed from $0.05 per share at the end of FY2022 to $1.13 per share by the close of FY2023. Management has funneled these expanding cash streams directly back to investors, hiking the quarterly dividend by 15% to $0.5025 per share in FY2025 while streamlining its corporate structure to consolidate full ownership of the underlying asset management business.
Recent Developments (Q4 2025 and Q1 2026)
Connor Teskey assumed the CEO role on February 3, 2026, succeeding Bruce Flatt as the firm prepares to acquire the remaining 26% of Oaktree in H1 2026. Operational profitability improved in Q1 2026, with net income rising 6% year-over-year to $617 million. This growth was heavily supported by unrealized carried interest allocations jumping to $96 million, up from just $2 million a year prior. The firm also fortified its balance sheet by closing a $1 billion debt offering in April 2026 while maintaining $2.5 billion in corporate liquidity.
Bulls point to surging performance-based income and Oaktree consolidation as strong drivers for margin expansion. Conversely, bears highlight that expenses jumped 46% to $733 million in Q1 2026, threatening bottom-line growth if compensation costs remain elevated. At 44.0x earnings as of May 8, 2026, the stock commands a steep premium.
What to watch: the successful closing of the Oaktree transaction; the trajectory of compensation and benefit expenses
Rev
$4.82B
FY2025
NI
$2.40B
FY2025
EPS
$1.15
FY2023
OCF
$2.10B
FY2025
Year-over-year comparison from 10-K annual reports
Data from SEC Company Facts
All BAM Financial Metrics(41)
Income Statement
Balance Sheet
Cash Flow
Recent SEC Filings
Brookfield Asset Management Ltd. 8-K Report, Regulation FD Disclosure (Aug 14, 2026)
Brookfield Asset Management Ltd. (BAM) has filed an 8-K to provide investors with enhanced transparency regarding the geographic composition of its assets under management (AUM) and capital raised. As of June 30, 2026, BAM reported a total AUM of approximately $1.3 trillion. The United States stands out as the largest single market, accounting for $617.3 billion, or 49%, of total AUM, indicating a significant concentration of its managed investments within the U.S. The report also details the geographic sources of capital raised for Brookfield and Oaktree private funds over the twelve months ending June 30, 2026. Approximately 50% of the capital raised during this period originated from investors in the United States, reinforcing the U.S. as a critical market for both investment deployment and capital sourcing. This disclosure provides valuable insights into the global reach and primary markets for BAM's asset-management business.
Brookfield Asset Management Ltd. 8-K Report, Financial Results (Aug 6, 2026)
Brookfield Asset Management Ltd. (BAM) has filed an 8-K report on August 6, 2026, primarily to announce the release of its financial results for the period ending August 5, 2026. The filing incorporates by reference a press release that contains this crucial operational and financial information. Investors should refer to the accompanying press release (Exhibit 99.1) for detailed insights into the company's performance and financial condition during the reported period. As this filing itself is brief and directs readers to the press release for substantive details, it signifies a routine update on financial outcomes. The key takeaways for investors will be within the press release, covering aspects like revenue, profitability, assets under management, and any strategic updates or outlook provided by management.
Brookfield Asset Management Ltd. 8-K Report, Acquisition Completed (Aug 3, 2026)
Brookfield Asset Management Ltd. (BAM) has officially announced the completion of its acquisition of Oaktree Capital Management. This transaction, which closed on July 31, 2026, sees Brookfield acquiring the remaining 26% stake it did not previously own, bringing its total ownership of Oaktree to 100%. The total consideration for this significant acquisition amounted to approximately $3.0 billion, comprised of a mix of cash and shares in both Brookfield Corporation (BN) and Brookfield Asset Management (BAM). This move consolidates Brookfield's control over Oaktree, a prominent alternative investment manager, potentially leading to enhanced strategic synergies and operational efficiencies. Investors should monitor how this full integration impacts BAM's future earnings, growth strategies, and overall market positioning within the alternative asset management sector.
Brookfield Asset Management Ltd. 8-K Report, Corporate Update (Jul 27, 2026)
Brookfield Asset Management Ltd. (BAM) filed an 8-K on July 27, 2026, primarily announcing the issuance of a press release. While the 8-K itself does not contain substantive financial or operational details, it directs investors to Exhibit 99.1, the press release, for further information. The filing indicates that this press release is incorporated by reference, meaning its contents are considered part of the official filing with the SEC. Investors should therefore consult the press release dated July 27, 2026, for any material updates or announcements made by BAM on that date. Given the limited information within the 8-K filing itself, the key takeaway for investors is to promptly review the accompanying press release (Exhibit 99.1). This document will contain the specific news or events that prompted the filing and are crucial for understanding BAM's current situation and strategic direction. The filing also includes the standard cover page for interactive data files.
Brookfield Asset Management Ltd. 8-K Report, Corporate Update (Jul 23, 2026)
Brookfield Asset Management Ltd. (BAM) filed an 8-K on July 23, 2026, primarily to announce the issuance of a press release on July 22, 2026. While the filing itself is brief and does not contain detailed financial statements or significant operational updates within the 8-K text, the incorporated press release (Exhibit 99.1) is the key document for investors to review. Investors should refer to this press release for the specific details of the announcement, which could range from strategic initiatives, partnership updates, or other material information that the company deemed necessary to communicate to the market.
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