What drove the significant increase in 'Other Revenues'?

Other Revenues increased by 97% to $207 million primarily due to higher recoveries of $79 million related to share and performance-based compensation from BN, as well as newly issued share-based compensation awards and modifications to BN DSU awards.

How did 'Carried Interest Allocations' perform this quarter?

Carried interest allocations, a key performance metric, saw a substantial increase in unrealized gains, reaching $96 million compared to $2 million in the prior year's period. This was driven by improved fund valuations across various strategies, particularly in global transition, private equity, and real estate funds. Realized carried interest was $16 million.

What is the current liquidity position of BAM?

BAM maintains a strong liquidity position. As of March 31, 2026, corporate liquidity was $2.5 billion, comprising $1.2 billion in cash and short-term financial assets and $1.4 billion in undrawn credit facilities. This provides ample resources for strategic initiatives and new product seeding.

How did the company's investments in consolidated funds change?

Investments of consolidated funds increased significantly by $1.9 billion compared to December 31, 2025. This substantial growth was primarily driven by the consolidation of BPE and BMEP during the period, where BAM holds sufficient interest to require consolidation.

BAM 10-Q Quarterly Report Q1 FY2026 — Revenue, Net Income, EPS

Summary

Brookfield Asset Management Ltd. (BAM) reported a strong first quarter for 2026, with total revenues increasing by 24% year-over-year to $1.34 billion. This growth was primarily driven by a significant increase in "Other Revenues," largely due to higher recoveries of compensation costs from BN, and a notable rise in investment income, particularly from unrealized carried interest allocations. Net income attributable to common stockholders reached $617 million, a 6% increase from the prior year's quarter, reflecting improved operational performance. The company's Fee-Bearing Capital also saw a healthy increase to $613.8 billion, up 2% from the previous quarter, indicating continued growth in assets under management across its diverse strategies. The Credit segment remains the largest contributor to Fee-Bearing Capital, followed by Real Estate and Infrastructure. Despite increased expenses, particularly in compensation and benefits, BAM demonstrated robust profitability and maintained a strong liquidity position with $2.5 billion in deployable capital at quarter-end.

Financial Highlights

28 data points

Beta

Revenue

$990.00M

Net Income

$586.00M

0.6% Net Margin

Total Assets

$17.94B

Cash & Equivalents

$1.04B

Free Cash Flow

$338.00M

Financial Statements

Beta

Revenue	$990.00M
Operating Expenses	$733.00M
Net Income	$586.00M

Key Highlights

1Total revenues increased by 24% to $1.34 billion for the three months ended March 31, 2026, compared to $1.08 billion in the prior year.
2Net income attributable to common stockholders rose by 6% to $617 million, compared to $581 million in the prior year's period.
3Fee-Bearing Capital grew by 2% to $613.8 billion as of March 31, 2026, from $602.7 billion as of December 31, 2025.
4Other Revenues surged by 97% to $207 million, primarily driven by higher recoveries related to share and performance-based compensation.
5Unrealized carried interest allocations significantly increased to $96 million, up from $2 million in the prior year's period, reflecting improved fund valuations.
6Corporate liquidity stood strong at $2.5 billion as of March 31, 2026, providing ample resources for strategic initiatives.
7Expenses increased by 46% to $733 million, largely due to higher compensation and benefits and interest expenses.

Brookfield Asset Management Ltd. Quarterly Report for Q1 Ended Mar 31, 2026

Summary

Financial Highlights

Key Highlights

Frequently Asked Questions