How does Brookfield Asset Management (BAM) make money?

Brookfield Asset Management (BAM) generates revenue primarily from Management Service, which accounted for 90.4% of total revenue in TTM through Q1 2026. The company reported $4.79B in revenue and converted 52.3% of it into net profit, equivalent to roughly $2.5B in net income — what's left after the cost of revenue, operating expenses, interest, and income taxes.

What is the gross profit margin of Brookfield Asset Management (BAM)?

Brookfield Asset Management (BAM) reported a gross profit margin of 71.8% in TTM through Q1 2026, equivalent to $3.44B in gross profit on $4.79B in revenue. Gross margin measures how much of each dollar of revenue remains after the direct cost of producing or delivering the product — a higher figure typically signals pricing power, scale, or a less capital-intensive business model.

What is the operating profit margin of Brookfield Asset Management (BAM)?

Brookfield Asset Management (BAM) reported an operating profit margin of 63.1% in TTM through Q1 2026, equivalent to $3.02B in operating income. Operating margin captures profitability after research & development, sales & marketing, and general & administrative expenses — but before interest, taxes, and one-off items — and is the cleanest single read on the underlying business's efficiency.

What is the net profit margin of Brookfield Asset Management (BAM)?

Brookfield Asset Management (BAM) reported a net profit margin of 52.3% in TTM through Q1 2026, equivalent to $2.5B in net income. Net margin is the bottom-line share of revenue that survives every expense — operating costs, interest, and income taxes — and is the figure that flows directly into earnings per share.

Is Brookfield Asset Management (BAM) profitable?

Yes. Brookfield Asset Management (BAM) reported $2.5B in net income for TTM through Q1 2026, with a net profit margin of 52.3%. The company earned more from its operations than it paid out in costs, interest, and income taxes, leaving positive earnings on the bottom line.

How much does Brookfield Asset Management (BAM) spend on capital expenditures?

Brookfield Asset Management (BAM) spent $4M on capital expenditures (CapEx) during TTM through Q1 2026, roughly 0.1% of total revenue. CapEx represents long-lived investment in property, equipment, data centres, and other physical infrastructure, and is subtracted from operating cash flow to arrive at free cash flow.

How much free cash flow does Brookfield Asset Management (BAM) generate?

Brookfield Asset Management (BAM) generated $2.32B in free cash flow during TTM through Q1 2026, a free-cash-flow margin of 48.4%. Free cash flow is the cash left after capital expenditures and represents the discretionary pool the company can use to pay dividends, repurchase shares, repay debt, or fund acquisitions without raising external capital.

What is the effective tax rate of Brookfield Asset Management (BAM)?

Brookfield Asset Management (BAM) had an effective tax rate of 18.5% in TTM through Q1 2026. The effective rate is the actual share of pre-tax income paid as income taxes and can differ materially from the statutory rate due to foreign earnings mix, tax credits (such as R&D), share-based compensation deductions, and one-off discrete items.

What are the main business segments of Brookfield Asset Management (BAM)?

Brookfield Asset Management (BAM) reports revenue across 3 reportable product segments, led by Management Service at 90.4% of total revenue in TTM through Q1 2026. See the revenue-by-segment table on this page for the full breakdown and how each segment feeds into the income-statement waterfall above.

Where does Brookfield Asset Management (BAM) generate most of its revenue?

UNITED STATES is the largest geographic market for Brookfield Asset Management (BAM), accounting for 71.3% of revenue in the most recent annual filing. The complete regional split — including international markets and any Rest-of-World rollup — is shown in the revenue-by-geography table on this page.

How Brookfield Asset Management Makes Money: 2026 Visual Revenue Map

Brookfield Asset Management (BAM) Income Statement Flow — TTM through Q1 2026

Calculated from the four most recent reported quarters, ending March 31, 2026 (reported May 8, 2026).

Brookfield Asset Management (BAM) Revenue by Product Segment — TTM through Q1 2026

Aggregated from the four quarterly disclosures behind this TTM. Minor differences vs the company's annual filing can occur if reported segments changed mid-year.

Revenue contribution by product segment for Brookfield Asset Management (BAM), TTM through Q1 2026.
Segment	Revenue (USD)	% of total
Management Service	$4.33B	90.4%
Carried Interest	$293M	6.1%
Incentive Fees	$165M	3.5%
Total	$4.79B	100%

Management Service$4.33B
Carried Interest$293M
Incentive Fees$165M
Total$4.79B

Brookfield Asset Management (BAM) Revenue by Geography — TTM through Q1 2026

Aggregated from the four quarterly disclosures behind this TTM. Minor differences vs the company's annual filing can occur if reported regions changed mid-year.

Revenue contribution by geographic region for Brookfield Asset Management (BAM), TTM through Q1 2026
Region	Revenue (USD)	% of total
UNITED STATES	$27.3B	71.3%
CANADA	$7.83B	20.4%
Other Countries	$3.18B	8.3%
Total	$38.3B	100%

UNITED STATES
CANADA
Other Countries
Total

Revenue Breakdown — TTM through Q1 2026

In TTM through Q1 2026, Brookfield Asset Management (BAM) reports revenue across 3 reportable product segments; the largest segment was Management Service at 90.4%, followed by Carried Interest (6.1%) and Incentive Fees (3.5%). Geographically, UNITED STATES accounted for 71.3% of revenue, followed by CANADA (20.4%) and Other Countries (8.3%).

Frequently asked questions

Data & methodology

Brookfield Asset Management (BAM) Key Financials

Charts, filings, and peer comparison for every metric

Income Statement

Balance Sheet

Profitability

Cash Flow

Capital Return

Forecast & Valuation

Operations

Employees250.0K

Trains Company Knowledge

Explore more

Deep-dives across the income statement, cash flow, capital return, and valuation

Overview

BAM Overview

Counters