NYSE$BAM

Brookfield Asset Management Ltd · Q4 2025 earnings

Q4 2025 earnings · · Before market open · Investor relations

Briefing

Brookfield Asset Management reported record Q4 2025 fee-related earnings of $867M and raised its dividend 15%.

Quarterly fee-related earnings were $867 million (+28% YoY) and distributable earnings were $767 million (+18%). Fee-bearing capital exceeded $600 billion. The board declared a quarterly dividend of $0.5025 per share, a 15% increase, and appointed Connor Teskey as CEO.

  • Record Q4 fundraising $35B; $112B for FY25.
  • FRE $867M (+28% YoY); distributable earnings $767M.
  • Dividend increased 15% to $0.5025 per share.
  • CEO succession: Connor Teskey succeeding Bruce Flatt as CEO.

Headline financials

Total Revenue

$1.39B

Previous: $1.06B+31.1%
EPS (adj)

$0.53

Previous: $0.42+26.2%
Fee-related earnings

$867M

No prior period
Distributable earnings

$767M

No prior period
Fee-bearing capital

$603B

No prior period
Quarterly fundraising

$35B

No prior period
Capital deployed

$13B

No prior period
Net Income

$615M

Previous: $688M-10.6%
Operating Income

$914M

Previous: $809M+13.0%

Revenue & EPS history

Brookfield · Revenue · Quarterly

$1.39B

Q4 2025+31.1%vs Q4 2024
Beat estimate in 1 of 11 quarters(9%)
ActualEstimate

Forward guidance

Record fundraising supports FRE growth; 15% dividend increase signals confidence in fee-bearing capital expansion.

Tailwinds

  • Flagship strategy launches in 2026.
  • Fee-related earnings compounding.
  • Alternative asset inflows.

Headwinds

  • Deployment and monetization timing.
  • Market drawdowns affecting carry.
  • Competition for institutional capital.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 11 quarterly earnings reports · overlaid with Q4 2025

Historical avgQ4 2025

+1.1%

Avg return

Earnings day

+2.5%

Avg return

5 days after

-1.0%

Avg return

30 days after

64%

7 / 11 earnings

Positive

+5.7%

Q2 2023

Best reaction

-2.8%

Q3 2023

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+0.4%-1.9%-5.3%
Q4 2025+4.9%+8.7%-2.7%
Q3 2025-0.5%+2.6%-0.0%
Q2 2025+2.3%-0.3%-5.3%
Q1 2025+2.1%+4.5%+4.9%
Q4 2024-1.0%+7.5%-15.7%
Q4 2023+0.7%+2.3%+5.9%
Q3 2023-2.8%-1.9%+12.3%
Q2 2023+5.7%+7.1%+6.0%
Q1 2023-2.6%-4.8%-4.4%
Q4 2022+2.9%+3.4%-6.8%
Q3 2022
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Q1 2022
Q4 2021
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Q4 2015
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Q4 2014
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Q4 2013
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Q2 2013
Q1 2013

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