Brookfield Corporation(MX:BN1N)
MX$771.00-14.11 (-1.80%)
MX:BN1N
Brookfield Corporation earnings date
MX$771.00
At close:-14.11 (-1.80%)
Brookfield Corporation (BN1N) Q3 2026 Earnings Report
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MX:BN1N Q3 2026 EPS Results
- Actual EPS
- MXN 11.90
- Consensus EPS
- MXN 12.69
- Beat/Miss
- Missed by -MXN 0.78
- One Year Ago EPS
- MXN 10.24
MX:BN1N Q3 2026 Revenue Results
- Actual Revenue
- MXN 377.11B
- Expected Revenue
- MXN 34.71B
- Beat/Miss
- Beat by +MXN 342.41B
- YoY Revenue Growth
- +5.30%
Earnings Announcement Details
- Quarter
- Q3 2026
- Date
- 11/12/2026
- Time
- Before Open
- Conference Call
- Thursday, November 12, 2026
MX:BN1N Upcoming Earnings
Brookfield Corporation's next earnings date is estimated for February 11, 2027, based on past reporting schedules.
Q3 2026 Earnings Call Audio
MX:BN1N Q3 2026 Earnings Call
0:00 / 0:00
Q3 2026 Earnings Slide Deck
No slide deck is available for this earnings event.
Q3 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call was strongly positive, with broad-based earnings growth, record or near-record fundraising, substantial capital deployment, rising carried interest realizations, strong liquidity and significant opportunities in infrastructure, energy, AI and Wealth Solutions. The main challenges were macroeconomic uncertainty, rate volatility affecting annuity volumes, muted residential housing activity, a softening P&C market and the delayed conversion of real estate leasing gains into reported earnings. Highlights significantly outweighed lowlights.
Company Guidance
Brookfield expects carried interest realizations to accelerate, with a meaningful step-up in 2027, largely driven by infrastructure and energy; it expects the first close of its sixth flagship infrastructure strategy in the coming weeks, with total capital committed to date of $26 billion, and remains focused on a targeted 15% plus return on our equity over the long term. The pipeline of firms it plans to enter by the end of 2027 represents over $30 billion in annual fixed annuity sales, with additional pipeline expected in 2028 and beyond, while the U.K. pension risk transfer market is expected to generate approximately GBP 50 billion of annual transaction volumes over the next decade. Just has a further GBP 1.5 billion of investments in its pipeline for the remainder of the year, demand for retirement savings products in APAC is expected to accelerate in years to come, P&C is expected to be a meaningful earnings growth contributor, and real estate earnings conversion could take 12 months, maybe a bit longer.
- Strong Third-Quarter Earnings GrowthDistributable earnings increased 16% over the prior-year quarter to $1.7 billion, or $0.73 per share. Distributable earnings before realizations were $1.5 billion, or $0.64 per share, up 14% per share year over year. Over the last 12 months, total distributable earnings were $6.4 billion, or $2.72 per share.
- Robust Transaction Activity and Capital DeploymentBrookfield deployed $54 billion across the business and monetized $20 billion of assets during the quarter. Asset sales included approximately $5 billion in infrastructure and $4 billion each in real estate, energy and credit, plus $3 billion in private equity.
- Growing Carried Interest RealizationsThe company realized $222 million of net carried interest during the quarter, bringing year-to-date realizations to roughly $500 million. Brookfield reported $13 billion of gross accumulated unrealized carried interest and expects a meaningful step-up in realizations in 2027, predominantly from its second and third infrastructure fund vintages, with energy also contributing.
- Share Repurchases and Shareholder ReturnsBrookfield repurchased more than $300 million of shares since the prior report and almost $900 million year-to-date. It returned $420 million to shareholders through dividends and share repurchases during the quarter and confirmed a cash distribution of $0.07 per share payable on December 31, 2026.
- Strong Asset Management FundraisingThe asset management business generated $755 million of distributable earnings in the quarter and $3 billion over the last 12 months. Brookfield raised $25 billion during the quarter and $123 billion year-to-date, keeping it on track for a record fundraising year.
- Infrastructure Fundraising MomentumBrookfield raised quarterly records of $1.2 billion for its private wealth infrastructure strategy and $1.5 billion for its super-core infrastructure strategy. After quarter end, it received $13 billion of additional commitments for its sixth flagship infrastructure strategy, bringing total commitments to $26 billion; the company said this positions the fund to become by far the largest infrastructure fund ever raised globally.
- Expansion in Fee-Bearing Capital and Fee EarningsFee-bearing capital increased 13% to $682 billion, supporting a 15% increase in fee-related earnings compared with the prior-year quarter.
- Wealth Solutions Earnings and Investment PerformanceWealth Solutions generated record distributable earnings of $511 million, or $0.22 per share, up 22% year over year. The business deployed over $8 billion into Brookfield strategies, and its net investment yield increased 16 basis points to 5.7% during the quarter.
- Wealth Solutions Liquidity and Capital FlexibilityBrookfield Wealth Solutions reported $80 billion of liquidity and $24 billion of group capital. The business maintains a portfolio approach in which approximately half is generally held in cash or liquid securities and the other half in private assets, including real asset equity and credit.
- Retirement Distribution ExpansionWealth Solutions originated $3.8 billion of annuities during the quarter, including $3.6 billion of retail annuities and $200 million of pension risk transfer transactions. It onboarded two additional distribution relationships, and the pipeline of firms planned for entry by the end of 2027 represents more than $30 billion in annual fixed annuity sales.
- Improved Property and Casualty UnderwritingDisciplined underwriting produced a 99.6% combined ratio in the P&C business. Clearbrook generated consistent underwriting profit again in the quarter after exiting volatile lines and reducing catastrophe exposure.
- Resilient Operating Businesses and Real Estate LeasingOperating businesses generated $467 million of distributable earnings in the quarter and $1.6 billion over the last 12 months. Super-core and Core+ real estate portfolios ended the quarter at 95% and 96% occupancy, respectively. Brookfield completed 5.3 million square feet of office and retail leasing, with office net rents 16% above expiring levels and nearly 1 million square feet of new retail leases commencing at rents 21% above those expiring.
- Significant Embedded Office Rent ReversionAt 2 Manhattan West in New York, an existing tenant signed a new lease at nearly $150 per square foot, representing a 50% increase over the tenant's current rent and nearly 90% above the building's average in-place rents.
- Balance Sheet Strength and Financing AccessBrookfield completed $37 billion of financings across the franchise during the quarter. The corporation issued $600 million of five-year notes at a spread of 82 basis points over the benchmark; the offering was approximately four times oversubscribed. The company stated that it maintains a conservatively capitalized balance sheet and has over $200 billion of deployable capital.
- Just Group Integration and DeploymentFollowing the April acquisition of Just Group, Brookfield said it is sharpening the business around pension risk transfer and retail annuities, aligning the cost base more closely with competitors and redeploying assets. It has deployed approximately GBP 1.5 billion into Brookfield strategies, with a further GBP 1.5 billion of investments in the pipeline for the remainder of the year.
- AI Infrastructure and Energy OpportunitiesBrookfield identified opportunities in AI infrastructure, compute capacity, data centers and reliable energy. It is focusing on permitted sites with energy connections and highly credit-rated offtakers, seeking attractive risk-adjusted returns with limited or no technology risk. The company also said its Westinghouse investment is advancing what could become one of the largest nuclear build-outs in history.
- AI Application Across Operating BusinessesBrookfield said it is applying AI across infrastructure, energy, real estate and private equity to grow revenues, improve margins and increase cash flows. Management expects the opportunity to be very meaningful over time and said even modest productivity and margin improvements could be meaningful to earnings and cash flow given the scale of its operating businesses.
- International Wealth Solutions ExpansionBrookfield is building its retirement business in Japan and establishing a local presence in Hong Kong to cover the broader APAC region. Management also cited growing demand for retirement savings and income products driven by demographic trends.
MX:BN1N Earnings History
| Report Date | Fiscal Quarter | Forecast / EPS | Last Year's EPS | EPS YoY Change | Press Release |
|---|---|---|---|---|---|
| Feb 11, 2027 | 2026 (Q4) | 13.89- | 11.17 | ― | ― |
| Nov 12, 2026 | 2026 (Q3) | 12.6911.90 | 10.24 | 16.31% (+1.67) | |
| Aug 13, 2026 | 2026 (Q2) | 11.4211.10 | 9.57 | 15.94% (+1.53) | |
| May 14, 2026 | 2026 (Q1) | 10.9310.56 | 9.91 | 6.58% (+0.65) | |
| Feb 12, 2026 | 2025 (Q4) | 10.9111.17 | 12.49 | -10.54% (-1.32) | |
| Nov 13, 2025 | 2025 (Q3) | 10.7710.24 | 10.24 | 0.00% (+0.00) | |
| Aug 07, 2025 | 2025 (Q2) | 10.529.57 | 16.13 | -40.66% (-6.56) | |
| May 08, 2025 | 2025 (Q1) | 10.649.91 | 9.17 | 8.11% (+0.74) | |
| Feb 13, 2025 | 2024 (Q4) | 10.6312.49 | 9.71 | 28.59% (+2.78) | |
| Nov 14, 2024 | 2024 (Q3) | 9.7510.24 | 8.72 | 17.34% (+1.51) |
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
