Brookfield Asset Management Ltd. Class A(MX:BAM1N)
MX:BAM1N
Brookfield Asset Management Ltd. Class A earnings date
Brookfield Asset Management Ltd. Class A (BAM1N) Q3 2026 Earnings Report
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MX:BAM1N Q3 2026 EPS Results
- Actual EPS
- MXN 8.65
- Consensus EPS
- MXN 8.57
- Beat/Miss
- Beat by +MXN 0.08
- One Year Ago EPS
- MXN 7.53
MX:BAM1N Q3 2026 Revenue Results
- Actual Revenue
- MXN 39.26B
- Expected Revenue
- MXN 29.72B
- Beat/Miss
- Beat by +MXN 9.54B
- YoY Revenue Growth
- +74.49%
Earnings Announcement Details
- Quarter
- Q3 2026
- Date
- 11/06/2026
- Time
- Before Open
- Conference Call
- Friday, November 6, 2026
MX:BAM1N Upcoming Earnings
Brookfield Asset Management Ltd. Class A's next earnings date is estimated for February 10, 2027, based on past reporting schedules.
Q3 2026 Earnings Call Audio
No earnings call audio is available for this earnings event.
Q3 2026 Earnings Slide Deck
Q3 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call was strongly positive, with record fundraising, 13% growth in fee-bearing capital, 15% year-over-year growth in both fee-related and distributable earnings, strong infrastructure demand, growing credit opportunities, substantial deployment, and multiple sources of embedded future growth. The main negatives were timing-related: full-year earnings are expected to be modestly below the initial outlook, infrastructure fund fees begin later than planned, and the BBU performance fee is not expected in 2026. Management characterized these items as timing effects rather than deterioration in the underlying business.
Company Guidance
Brookfield expects 2026 to be a record year for fundraising, deployment, and monetization activity, with earnings in line with long term targets, though modestly below what was expected at the beginning of the year; its sixth flagship infrastructure fund is expected to exceed its $30 billion target in early 27, begin charging fees as of January 1, and generate even greater fees than originally anticipated, while 2027 fundraising is expected to be well in line or maybe slightly above a baseline viewed as north of a $100 billion, with the next flagship real estate and credit funds launching next year; net carry realizations are expected to remain episodic over the next couple of years, could result in approximately $3 billion of net carry between 2029 and 2031, and are expected to average more than $2 billion of net realized carry per year from 2032 through 2037; credit is expected to be an outsized driver of growth, credit fee rates are expected to be flat, and 2027 is expected to be a step change in fundraising for BPE.
- Record Fundraising MomentumBrookfield raised $123 billion in the first 3 quarters of 2026, including $25 billion in the third quarter. Management expects 2026 to be a record year for fundraising, with $157 billion raised over the last 12 months.
- Fee-Bearing Capital and Earnings GrowthFee-bearing capital reached $682 billion, up 13% over the last 12 months. Third-quarter fee-related earnings were $864 million, or $0.54 per share, and distributable earnings were $763 million, or $0.47 per share; both increased 15% year over year. Distributable earnings over the last 12 months reached $2.9 billion.
- Broad-Based Fundraising and Transaction ActivityInfrastructure and private equity led fundraising in the quarter, while demand remained strong across credit strategies. Transaction activity was described as robust across the franchise, with strong deployment and monetizations in the energy and real estate businesses.
- Durable and Diversified Business ModelManagement highlighted recurring fee-related earnings generated on capital that is almost entirely perpetual or committed for the long term, as well as diversification across 5 market-leading business platforms, more than 60 strategies, over 2.6 thousand institutional relationships, and institutional, insurance, private wealth, and public-market capital channels.
- Embedded Future Growth from Larger FundsManagement stated that funds being raised today are materially larger than the funds being monetized, creating embedded growth as larger vintages replace smaller ones. Brookfield continues to raise larger vehicles, increase the size of its flagships, and launch a record number of complementary funds.
- Infrastructure Fundraising RecordBrookfield raised or received commitments of approximately $50 billion for infrastructure funds over the past year, with essentially the entire suite of infrastructure strategies raising capital at the same time. This figure excludes Brookfield's separate energy funds.
- Flagship Infrastructure Fund Approaching Record SizeThe sixth vintage of Brookfield's flagship Core Plus global infrastructure strategy has received $26 billion of commitments to date, including $13 billion after the end of the quarter. Management expects the fund to exceed its $30 billion target in early 2027 and surpass the $28 billion raised for its predecessor, potentially becoming the largest closed-end private fund ever raised in any sector.
- Consistent Infrastructure Investment PerformanceAcross the first 5 infrastructure fund vintages, spanning almost 2 decades and approximately $88 billion of equity deployed, the difference between the highest and lowest performing vintage was 130 basis points on a net IRR basis. Each vintage met or exceeded its targeted returns.
- Strong Demand Across Infrastructure StrategiesBrookfield reported record demand for infrastructure debt, supercore, AI infrastructure, and private wealth funds. Its fourth high-yield infrastructure debt vintage has raised $8 billion to date, making it the largest infrastructure debt strategy in the world. The open-ended supercore strategy raised approximately $7 billion over the past 12 months, including a record quarterly closing of $1.5 billion, bringing the strategy to $28 billion including co-investments.
- AI Infrastructure Fund and Project PipelineBrookfield's AI infrastructure fund, launched in November 2025, is on track to achieve its $10 billion target next year. The company announced approximately $9 billion of capital alongside Naver and NVIDIA to deploy 200 megawatts of AI computing capacity in the U.K., and a partnership with Drax to develop an AI factory of up to 1 gigawatt, with potential investment of more than £20 billion over time.
- Growth in Private Wealth InfrastructureBrookfield's private wealth infrastructure strategy raised $4 billion over the past 12 months, bringing the strategy to $10 billion overall. More than 100 partners across the U.S., Europe, Asia, and Australia are raising capital from private wealth clients.
- Infrastructure Cross-Selling and Repeat InvestorsApproximately two-thirds of investors in Brookfield's flagship infrastructure strategy, weighted by capital, have also invested in another Brookfield infrastructure or energy-transition strategy. Approximately 85% of fundraising for the company's most mature infrastructure strategies comes from existing investors recommitting capital.
- Carried Interest Realization and Future PotentialThis quarter marked Brookfield Asset Management's first meaningful realization of carried interest attributable to shareholders since the spinout, with $48 million of net realized carry from investments in private equity funds. Carry-eligible capital has grown to $190 billion, and funds raised since the spinout have accrued $1.8 billion of unrealized carried interest net to BAM. If funds hit their targets, management expects approximately $3 billion of net carry realizations between 2029 and 2031 and more than $2 billion of net realized carry per year on average from 2032 through 2037.
- Fundraising Across Energy, Private Equity, and CreditDuring the quarter, Brookfield raised $2.3 billion in energy, $2.1 billion in private equity, and $12 billion in credit, including $3.8 billion from Brookfield Wealth Solutions and $2 billion from partner managers. Private equity fundraising over the last 12 months reached approximately $14 billion.
- Capital Deployment and MonetizationsBrookfield invested or committed approximately $36 billion and generated approximately $12 billion of equity proceeds from monetizations in the quarter, with activity spread across each business. Management also described real estate as an attractive deployment environment due to improving market conditions and a growing pipeline of investment opportunities.
- Strong Westinghouse Fund PerformanceWestinghouse contributed to the first global transition fund generating a gross IRR of approximately 30%, compared with its 15% gross target return. Management expects meaningful returns of capital from Westinghouse and other investments in coming quarters.
- Embedded Deployment-Based Revenue GrowthBrookfield has $148 billion of uncalled fund commitments, including $68 billion that is not currently earning fees. Deployment of that capital is expected to generate approximately $680 million of additional annual revenue.
- Strong Liquidity and DividendBrookfield ended the quarter with $2.1 billion of corporate liquidity following the completion of the Oaktree acquisition. The Board declared a quarterly dividend of $0.25 per share, payable December 31 to shareholders of record as of November 30.
- Credit Platform Positioned for GrowthManagement expects credit to be an outsized driver of growth, supported by fast-growing partner managers, Brookfield Wealth Solutions, and the combination with Oaktree. Brookfield said Oaktree's flagship opportunistic strategies and other growth verticals provide additional opportunities.
- Capital Markets Revenue OpportunityManagement stated that investments in the capital-markets buildout have largely already been made and that the business is already carrying much of the cost. As revenue grows, Brookfield expects the capital-markets operation to be very high margin, with growth driven primarily by greater involvement in the capital-markets activity of its own portfolio companies.
- Private Wealth Product ExpansionBrookfield reported net inflows in its private wealth credit businesses and expects 2027 to be a step change in fundraising for its private equity private wealth product. The company also expects growth in private wealth real estate and plans additional credit products, particularly around asset-backed lending.
- De-Risked AI Infrastructure ApproachBrookfield said it only puts capital in the ground after securing offtake, equipment supply, and permits, and builds where there is long-term community support and a return of and return on capital during the initial contract period. Management stated that speculative or early-stage development dollars at risk across the platform would be de minimis.
- 2027 Fundraising BaselineManagement said the annual fundraising baseline has increased from approximately $80 billion to $90 billion a few years ago to more than $100 billion today. Brookfield expects 2027 fundraising to be well in line with or slightly above that run rate, supported by private equity and infrastructure flagships, complementary strategies, and the planned launch of real estate and Oaktree opportunistic credit funds.
- Potential Energy TailwindsManagement said the recent election results could potentially create opportunities through permitting reform or an extension of tax credits that were expected to sunset in a couple of years. Brookfield stated that it is not relying on either development, but would position itself to capitalize on them if they occur.
MX:BAM1N Earnings History
| Report Date | Fiscal Quarter | Forecast / EPS | Last Year's EPS | EPS YoY Change | Press Release |
|---|---|---|---|---|---|
| Feb 10, 2027 | 2026 (Q4) | 9.04- | 8.39 | ― | ― |
| Nov 06, 2026 | 2026 (Q3) | 8.578.65 | 7.53 | 14.90% (+1.12) | |
| Aug 05, 2026 | 2026 (Q2) | 8.018.05 | 6.82 | 17.97% (+1.23) | |
| May 08, 2026 | 2026 (Q1) | 7.457.69 | 7.2 | 6.70% (+0.48) | |
| Feb 04, 2026 | 2025 (Q4) | 7.918.39 | 7.46 | 12.41% (+0.93) | |
| Nov 07, 2025 | 2025 (Q3) | 7.337.53 | 6.89 | 9.28% (+0.64) | |
| Aug 06, 2025 | 2025 (Q2) | 6.896.82 | 6.09 | 11.99% (+0.73) | |
| May 06, 2025 | 2025 (Q1) | 7.377.20 | 6.08 | 18.45% (+1.12) | |
| Feb 12, 2025 | 2024 (Q4) | 7.287.46 | 6.33 | 17.94% (+1.14) | |
| Nov 04, 2024 | 2024 (Q3) | 6.416.89 | 6.25 | 10.23% (+0.64) |
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat Missed
