$BAM · Brookfield Asset Management Ltd.
Brookfield Asset Management filed its 10-Q for the quarter ended September 30, 2026. Revenue grew 71.6% year-over-year to $2.149B, net income was $2.999B, and GAAP EPS was $1.64. Fee-Bearing Capital stood at $681.8B at quarter-end, down $13.9B from June 30, 2026, partly due to a $6.8B reclassification following the July 31, 2026 completion of the Oaktree acquisition.
- Revenue rose 71.6% YoY to $2.149B in Q3 FY2026.
- Net income was $2.999B with GAAP EPS of $1.64.
- Fee-Bearing Capital fell $13.9B in the quarter to $681.8B.
- Credit segment Fee-Bearing Capital declined $8.0B to $341.4B, partly on Oaktree reclassification.
- Oaktree acquisition of the remaining ~26% stake completed July 31, 2026.
Extended-hours last trade of $53.36 is +0.77% vs the $52.95 regular close, a modestly positive reaction to the strong revenue growth.
Strong top-line growth and the completed Oaktree acquisition reshape Brookfield's fee-bearing asset base even as quarterly Fee-Bearing Capital dipped on reclassification and outflows.
The Oaktree consolidation and credit-segment reclassification reflect continued alternative-asset-manager consolidation, with Fee-Bearing Capital growth concentrated in credit and permanent capital.
Fee-Bearing Capital declined in the quarter on market valuation losses and outflows, including $3.5B of BWS insurance capital outflows and $2.8B of credit redemptions.