Brookfield Asset Management (BAM) Q4 FY2024 earnings: revenue $1.1 billion

Brookfield Asset Management Ltd. (BAM) reported revenue of $1.1 billion for Q4 FY2024, the quarter ended 31 December 2024. Net income was -$440 million, and diluted earnings per share $0.42. The figures are the company's own, from the 10-K it filed with the SEC on 2 March 2026.

Revenue

$1.1 billion

-4.8% on the quarter

Q1 FY2024Q4 FY2024

Operating margin

60.2%

Q1 FY2024Q4 FY2024

Net income

-$440 million

Q1 FY2024Q4 FY2024

Diluted EPS

$0.42

+23.5% on the quarter

Q1 FY2024Q4 FY2024

this quarterthe same quarter a year earlierHover a bar for its figure.

Income statement (profit and loss)

$ million	Q4 FY2024	Q3 FY2024	A year earlier	On the quarter
Revenue	1,063	1,117	n/a	-4.8%
Operating income	640	641	n/a	-0.2%
Operating margin	60.2%	57.4%	n/a
Pre-tax income	809	633	n/a	+27.8%
Income tax	129	96.0	n/a	+34.4%
Effective tax rate	15.9%	15.2%	n/a
Net income	-440	484	n/a
Net margin	-41.4%	43.3%	n/a
Diluted EPS	$0.42	$0.34	n/a	+23.5%

$ million except per share.

Fourth quarters are the year less the first three quarters. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.

Cash flow

$ million	Q4 FY2024	Q3 FY2024	A year earlier	On the quarter
Operating cash flow	-615	567	n/a
Capital expenditure	n/a	2.0	n/a
Free cash flow	n/a	565	n/a
Free cash flow margin	n/a	50.6%	n/a
Cash from investing	1,289	-1,323	n/a
Cash from financing	431	-277	n/a
Depreciation and amortisation	3.0	4.0	n/a	-25.0%
Share-based compensation	n/a	42.0	n/a
Dividends paid	-771	620	n/a
Diluted shares, weighted	420m	1,622m	n/a	-74.1%

Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.

Balance sheet

$ million	Q4 FY2024	Q3 FY2024	A year earlier	On the quarter
Shareholders' equity	3,247	9,001	n/a	-63.9%
Non-controlling interest	31.0	n/a	n/a
Debt	0.0	n/a	n/a
Other liabilities	1,108	n/a	n/a
Total liabilities and equity	4,386	n/a	n/a
Fixed assets	58.0	n/a	n/a
Goodwill	251	n/a	n/a
Intangible assets	38.0	n/a	n/a
Cash and equivalents	12.0	903	n/a	-98.7%
Other assets	4,027	n/a	n/a
Total assets	4,386	n/a	n/a

Questions

What was Brookfield Asset Management's revenue in Q4 FY2024?

Brookfield Asset Management (BAM) reported revenue of $1.1 billion for Q4 FY2024, the quarter ended 31 December 2024.

How much did Brookfield Asset Management earn in Q4 FY2024?

Net loss for Q4 FY2024 was $440 million, and diluted earnings per share $0.42.

When did Brookfield Asset Management report Q4 FY2024 results?

Brookfield Asset Management filed its 10-K for the year that ended with the quarter on 2 March 2026; the fourth quarter is the year less the first three.

Quarterly results, the last 11 quarters

	Q1 FY2024	Q2 FY2024 †	Q3 FY2024	Q4 FY2024 *	Q1 FY2025 †	Q2 FY2025	Q3 FY2025	Q4 FY2025 *	Q1 FY2026	Q2 FY2026	Q3 FY2026
Revenue	884	916	1,117	1,063	1,081	1,090	1,252	1,394	1,338	1,753	2,149
Operating income	436	583	641	640	579	533	757	904	605	1,094	1,234
Operating margin	49%	64%	57%	60%	54%	49%	60%	65%	45%	62%	57%
Interest expense	n/a	3.0	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Pre-tax income	444	660	633	809	582	659	770	914	696	1,334	3,330
Tax rate	16%	22%	15%	16%	13%	11%	10%	33%	16%	12%	10%
Net income	373	489	484	-440	459	530	565	n/a	517	971	2,743
Net margin	42%	53%	43%	-41%	42%	49%	45%	34%	39%	55%	128%
Diluted EPS	$0.28	$0.31	$0.34	$0.42	$0.36	$0.38	$0.44	n/a	$0.38	$0.56	$1.64
Operating cash flow	516	393	567	-615	114	529	745	n/a	338	545	554
Capital expenditure	3.0	124	2.0	n/a	2.0	1.0	4.0	2.0	6.0	10.0	33.0
Free cash flow	513	269	565	n/a	112	528	741	711	332	535	521
Dividends paid	620	619	620	-771	707	702	706	703	809	802	802
Shares outstanding	n/a	n/a	n/a	n/a	1,613m	1,613m	1,611m	1,638m	1,597m	1,597m	1,598m
Filing	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q

Each quarter as filed, linked to its filing.

* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS, and its diluted share count where shown, are from the company's results press release for that quarter, checked against the company's filed figures or a second data source. A quarter marked † is shown as the company last restated it in a later filing, so it compares with the quarters around it on one basis; rest on a figure for the one first filed. EPS is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

10-K for the period ended 31 December 2024, filed 2 March 2026: the filing.