Brookfield Asset Management reported record financial results for Q4 2025, driven by strong capital inflows and deployment, leading to a 15% dividend increase. The company also announced a CEO transition, with Connor Teskey appointed as the new CEO.
Record financial results for the quarter and full year, strongest since listing.
positiveFee-related earnings (FRE) increased 28% year-over-year to a record $867 million for the quarter and 22% to $3.0 billion for the year.
positiveDistributable earnings (DE) were up 18% year-over-year to $767 million for the quarter and 14% to $2.7 billion for the year.
positiveFee-bearing capital grew to $603 billion, up 12% year-over-year, driven by record quarterly fundraising of $35 billion and $112 billion in the past twelve months.
positiveThe Board of Directors approved a 15% increase in the quarterly dividend to $0.5025 per share.
positiveNet income attributable to BAM decreased to $560 million in Q4 2025 from $688 million in Q4 2024.
attentionNet income per share (diluted) decreased to $0.34 in Q4 2025 from $0.42 in Q4 2024.
attentionCorporate borrowings increased significantly to $2.478 billion in FY2025 from $0 in FY2024.
attentionMargin expansion indicates improving profitability and operational efficiency. Measured in basis points (bps): 100 bps = 1.0%.
| Segment | Current | Prior Yr | YoY | % Total |
|---|---|---|---|---|
Infrastructure | N/A | — | — | — |
Renewable Power & Transition | N/A | — | — | — |
Private Equity | N/A | — | — | — |
Real Estate | N/A | — | — | — |
Credit | N/A | — | — | — |
| Total Revenue | $0.00M | — | — | 100.0% |
Segment performance shows business unit health and growth drivers.
2025 was another record year for our business—across each of fundraising, deployment, and monetizations.
Our fee-bearing capital grew to over $600 billion, with 22% year-over-year growth in fee-related earnings and 14% growth in distributable earnings.
Looking ahead, we will have key flagship strategies in the market and a growing suite of complementary offerings, positioning us to drive sustained growth across multiple channels.
Commentary excerpts from earnings call transcripts provide management's perspective on performance, strategy, and outlook. Always review full transcripts for complete context.
Operational metrics provide insight into business drivers and customer engagement beyond traditional financial measures.