BAM (Brookfield Asset Management) Operating Income: $3,159 Mil (TTM As of Mar. 2026)


BAM Brookfield Asset Management Ltd BAM
61 GF Score
Price $45.87
GF Value $57.67
Valuation Modestly Undervalued
! 2 Warning Signs
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What is Brookfield Asset Management Operating Income?

Brookfield Asset Management BAM +1.04% 61 Operating Income is $3,159 Mil as of Mar. 2026. GuruFocus rates BAM with a GF Score™ of 61/100 and a GF Value™ of $57.67 (Modestly Undervalued). The stock has 2 warning signs investors should review.

Brookfield Asset Management's Operating Income for the three months ended in Mar. 2026 was $863 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was $3,159 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Brookfield Asset Management's Operating Income for the three months ended in Mar. 2026 was $863 Mil. Brookfield Asset Management's Revenue for the three months ended in Mar. 2026 was $1,242 Mil. Therefore, Brookfield Asset Management's Operating Margin % for the quarter that ended in Mar. 2026 was 69.48%.

Brookfield Asset Management's 5-Year average Growth Rate for Operating Margin % was 0.00% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Brookfield Asset Management's annualized ROC % for the quarter that ended in Mar. 2026 was 20.36%. Brookfield Asset Management's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 4,125.41%.

Brookfield Asset Management  (NYSE:BAM) Operating Income Explanation

1. Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Brookfield Asset Management's annualized ROC % for the quarter that ended in Mar. 2026 is calculated as:

ROC % (Q: Mar. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2025 ) + Invested Capital (Q: Mar. 2026 ))/ count )
=3452 * ( 1 - 15.8% )/( (13916 + 14640)/ 2 )
=2906.584/14278
=20.36 %

where

Invested Capital(Q: Dec. 2025 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=17047 - 1548 - ( 1583 - max(0, 2010 - 6930+1583))
=13916

Invested Capital(Q: Mar. 2026 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=17937 - 2201 - ( 1096 - max(0, 2201 - 6404+1096))
=14640

Note: The Operating Income data used here is four times the quarterly (Mar. 2026) data.

2. Joel Greenblatt's definition of Return on Capital:

Brookfield Asset Management's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2025  Q: Mar. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=3816/( ( (92 + max(-1314, 0)) + (93 + max(-1761, 0)) )/ 2 )
=3816/( ( 92 + 93 )/ 2 )
=3816/92.5
=4,125.41 %

where Working Capital is:

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(106 + 0 + 128) - (1548 + 0 + 0)
=-1314

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(440 + 0 + 0) - (2201 + 0 + 0)
=-1761

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

3. Operating Income is also linked to Operating Margin %:

Brookfield Asset Management's Operating Margin % for the quarter that ended in Mar. 2026 is calculated as:

Operating Margin %=Operating Income (Q: Mar. 2026 )/Revenue (Q: Mar. 2026 )
=863/1242
=69.48 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

4. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Operating Income growth rate using Operating Income per share data.

Be Aware

Compared with a company's EBITDA margin, Operating Margin can be manipulated by adjusting the rate of depreciation, depletion and amortization (DDA).

If a company is facing competition, its Operating Margin may decline. Often the Operating Margin declines well before the company's revenue or even profit decline. Therefore, Operating Margin is a very important indicator of whether the company is facing problems.

For instance, by 2012, Nokia (NOK)'s problems were well known and its stock had lost more than 90% of its market value since 2007. But Nokia's Operating Margin had already been in decline since 2002, although its earnings per share were still rising. Investors who paid attention to Operating Margin would have avoided this huge loss. The same can be said for Research-in-Motion (RIMM).

Therefore, Operating Margin is a very important screening filter for GuruFocus. GuruFocus's Buffett-Munger screener requires that the profit margin is either consistent or expanding. The Model Portfolio of the Buffett-Munger screener has outperformed the market every year since inception in 2009.

Brookfield Asset Management Operating Income Related Terms

Brookfield Asset Management Operating Income Historical Data

* Premium members only.

The historical data trend for Brookfield Asset Management's Operating Income can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Brookfield Asset Management Operating Income Chart

Brookfield Asset Management Annual Data
Trend Dec22 Dec23 Dec24 Dec25
Operating Income
1.00 2,616.00 2,415.00 3,034.00

Brookfield Asset Management Quarterly Data
Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Operating Income Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 738.00 586.00 763.00 947.00 863.00
BAM
61GF Score
Brookfield Asset Management Ltd BAM
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Brookfield Asset Management Operating Income Calculation

Operating Income, is the profit a company earned through operations. All expenses, including cash expenses such as cost of goods sold (COGS), research & development, wages, and non-cash expenses, such as depreciation, depletion and amortization, have been deducted from the sales.

Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $3,159 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Operating Income →
What does a Operating Income of $3,159 Mil mean?
Brookfield Asset Management (BAM) has a Operating Income of $3,159 Mil as of Mar. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Brookfield Asset Management and its competitors.
Is Brookfield Asset Management's Operating Income too high?
Brookfield Asset Management's current Operating Income is $3,159 Mil. Overall, Brookfield Asset Management has a GF Score™ of 61/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Brookfield Asset Management's Operating Income compare to BLK and BX?
Brookfield Asset Management's Operating Income of $3,159 Mil can be compared against companies in the Asset Management industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Operating Income for an Asset Management company?
A good Operating Income depends on the Asset Management industry context. However, Operating Income should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Operating Income mean?
A high Operating Income can signal that a stock is expensive relative to its fundamentals. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Brookfield Asset Management and its competitors. Brookfield Asset Management's current Operating Income is $3,159 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Brookfield Asset Management stock overvalued right now?
Based on GuruFocus' analysis, Brookfield Asset Management (BAM) is currently considered Modestly Undervalued. The stock's GF Value™ is $57.67, compared to a current price of $45.87 — trading 20.5% below its estimated fair value. The current Operating Income is $3,159 Mil. Brookfield Asset Management's overall GF Score™ is 61/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Operating Income calculated?
Operating Income is calculated from a company's financial statements. For Brookfield Asset Management (BAM), the current Operating Income is $3,159 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Brookfield Asset Management (BAM) Overvalued in 2026?

Based on GuruFocus' analysis, Brookfield Asset Management stock appears to be undervalued. The current stock price of $45.87 is trading 20.5% below its estimated GF Value™ of $57.67. GuruFocus considers Brookfield Asset Management to be Modestly Undervalued.

Key valuation signals for BAM:

  • Operating Income: $3,159 Mil
  • GF Value™: $57.67 vs. price of $45.87 (20.5% below fair value)
  • GF Score™: 61/100 with 2 warning signs

No single metric tells the full story. See the BAM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Brookfield Asset Management Business Description

Other Exchanges RW5:GermanyBAM:Canada
Address 225 Liberty Street, 8th Floor, New York, NY, USA, 10281-1048
Brookfield Asset Management is one of the world's largest alternative-asset managers, with USD 1.181 trillion in total managed assets, including USD 602.7 billion in fee-earning AUM, at the end of 2025. The company has three main business segments: credit strategies (USD 363.0 billion in total AUM and USD 279.4 billion in fee-earning AUM), private equity (USD 155.0 billion/USD 48.0 billion), and real estate/real assets (USD 663.0 billion/USD 275.3 billion). The firm primarily serves institutional investors (90% of AUM) and high-net-worth individuals (10%), and is diversified globally, with 67% of revenue from the Americas, 20% from EMEA, and 13% from Asia-Pacific. Canada-based Brookfield Corp. owns 73% of Brookfield's outstanding Class A shares.
61GF Score

Get the complete analysis for BAM

Operating Income is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$45.87
Price
$57.67
GF Value