{"company":"Brookfield Asset Management","verified":"2026-10-19","years":[2021,2022,2023,2024,2025],"period_scope":"Five latest completed calendar financial years, 2021–2025. June 2026 snapshots on the page are separate.","metrics":[{"id":"fee-bearing-capital","name":"Fee-bearing capital","unit":"US$bn","prefix":"$","suffix":"bn","decimals":3,"chartDecimals":0,"period":"At 31 December","basis":"Year-end capital that earns fees, on the reported asset-management platform scope. Bars are rounded to US$bn; the table preserves the reported US$m precision. Changes include market values, acquisitions and mandates as well as capital flows; this is not an organic-growth series.","relatedSources":[],"points":[{"year":2021,"value":364.133,"source":"bam2022supp","page":22,"note":"Predecessor asset-management platform; full year-end balance."},{"year":2022,"value":417.863,"source":"bam2022supp","page":22,"note":"Asset-management business; full year-end balance."},{"year":2023,"value":456.998,"source":"bam2023supp","page":25,"note":"Reported platform scope."},{"year":2024,"value":538.541,"source":"bam2024supp","page":25,"note":"Includes the American Equity Life mandate."},{"year":2025,"value":602.714,"source":"bam2025supp","page":27,"note":"Reported platform scope."}]},{"id":"fre-per-share","name":"FRE per share","unit":"US$ per share","prefix":"$","suffix":"","decimals":2,"period":"Full year ended 31 December","basis":"Company-reported non-GAAP annual figures, not GAAP EPS. 2021–22 use published full-period asset-management-business comparisons before the December 2022 listing. Per-share presentation changes from period-end diluted shares in the 2023 supplement to weighted-average diluted shares in the 2025 supplement. The 2025 ownership restructuring is not treated as organic earnings growth.","relatedSources":["bam_fy2022_release","bam_q12025_report"],"points":[{"year":2021,"value":1.12,"source":"bam2022supp","page":4,"note":"Published full-period business comparison before the December 2022 listing."},{"year":2022,"value":1.29,"source":"bam2023supp","page":4,"note":"Published full-period asset-management business comparison."},{"year":2023,"value":1.37,"source":"bam2023supp","page":4,"note":"Company-reported per-share basis; period-end diluted share presentation."},{"year":2024,"value":1.51,"source":"bam2025supp","page":4,"note":"Company-reported per-share basis; weighted-average diluted shares."},{"year":2025,"value":1.84,"source":"bam2025supp","page":4,"note":"Company-reported per-share basis; weighted-average diluted shares."}]},{"id":"de-per-share","name":"Distributable earnings per share","unit":"US$ per share","prefix":"$","suffix":"","decimals":2,"period":"Full year ended 31 December","basis":"Company-reported non-GAAP annual figures, not GAAP EPS. 2021–22 use published full-period asset-management-business comparisons before the December 2022 listing. Per-share presentation changes from period-end diluted shares in the 2023 supplement to weighted-average diluted shares in the 2025 supplement. The 2025 ownership restructuring is not treated as organic earnings growth.","relatedSources":["bam_fy2022_release","bam_q12025_report"],"points":[{"year":2021,"value":1.16,"source":"bam2022supp","page":4,"note":"Published full-period business comparison before the December 2022 listing."},{"year":2022,"value":1.28,"source":"bam2023supp","page":4,"note":"Published full-period asset-management business comparison."},{"year":2023,"value":1.37,"source":"bam2023supp","page":4,"note":"Company-reported per-share basis; period-end diluted share presentation."},{"year":2024,"value":1.45,"source":"bam2025supp","page":4,"note":"Company-reported per-share basis; weighted-average diluted shares."},{"year":2025,"value":1.65,"source":"bam2025supp","page":4,"note":"Company-reported per-share basis; weighted-average diluted shares."}]},{"id":"fre-margin","name":"FRE margin at economic share","unit":"%","prefix":"","suffix":"%","decimals":0,"period":"Full year ended 31 December","basis":"Annual company-defined margin at economic share, including performance fees. The 2021 value is 58% on this basis (the headline excluding-fees margin was 56%). Margins reflect the reported business mix and ownership of partly owned operations; they are not fund investment returns.","relatedSources":[],"points":[{"year":2021,"value":58,"source":"bam2022supp","page":21,"note":"Including performance fees: 58%; excluding them: 56%."},{"year":2022,"value":58,"source":"bam2023supp","page":24,"note":"Including performance fees; no BBU performance fees in 2022."},{"year":2023,"value":56,"source":"bam2023supp","page":24,"note":"Including performance fees; no BBU performance fees in 2023."},{"year":2024,"value":57,"source":"bam2025supp","page":26,"note":"Including performance fees; no BBU performance fees in 2024."},{"year":2025,"value":58,"source":"bam2025supp","page":26,"note":"Including US$95m performance fees."}]},{"id":"fundraising","name":"Fundraising · capital raised","unit":"US$bn","prefix":"$","suffix":"bn","decimals":1,"chartDecimals":1,"period":"Full year ended 31 December","basis":"Full-year reported capital raised, not quarterly fundraising or net fee-bearing inflows. 2024 includes a US$49bn American Equity Life insurance mandate, so the movement into 2025 is not a like-for-like organic comparison. Earlier figures are rounded and come from the predecessor platform.","relatedSources":[],"points":[{"year":2021,"value":71,"source":"bn2021letter","page":8,"note":"Reported as approximately US$71bn; predecessor platform."},{"year":2022,"value":93,"source":"bam2022supp","page":2,"note":"Reported as approximately US$93bn."},{"year":2023,"value":82.6,"source":"bam2023supp","page":7,"note":"Full-year total fundraising."},{"year":2024,"value":136.7,"source":"bam2024supp","page":7,"note":"Includes US$49bn AEL insurance mandate."},{"year":2025,"value":111.7,"source":"bam2025supp","page":7,"note":"Full-year total fundraising."}]},{"id":"fee-runway","name":"Deployment · commitments not earning fees","unit":"US$bn","prefix":"$","suffix":"bn","decimals":0,"chartDecimals":0,"period":"At 31 December","basis":"Approximate year-end uncalled commitments expected to earn fees once deployed, not total dry powder or current revenue. 2021 is left unavailable: the AIF states approximately US$40bn, while the supplement implies about US$44bn; the difference is unreconciled. Missing data is not zero.","relatedSources":["bn2021supp"],"points":[{"year":2021,"value":null,"source":"bn2021aif","page":5,"note":"Unreconciled: AIF approximately US$40bn versus about US$44bn implied by the Q4 supplement (p. 9)."},{"year":2022,"value":41,"source":"bn2022aif","page":5,"note":"Approximately US$41bn, directly stated in the AIF."},{"year":2023,"value":47,"source":"bam2023supp","page":9,"note":"Approximately US$47bn; not total commitments."},{"year":2024,"value":53,"source":"bam2024supp","page":9,"note":"Approximately US$53bn; not total commitments."},{"year":2025,"value":63,"source":"bam2025supp","page":10,"note":"Approximately US$63bn; not total commitments."}]}],"unavailable_monitoring_fields":[{"name":"Fund performance after fees","reason":"No single comparable annual platform net-return series was verified in the reviewed supplements. Company tables disclose fund/vintage-level since-inception gross and net returns. Net IRR and unlevered net IRR differ, funds have different currencies and start dates, and investor fee terms vary. Do not average these into a platform return or use BAM stock returns as a substitute."},{"name":"Credit quality and rate exposure","reason":"No consistent five-year platform-wide default, loss or non-accrual ratio was verified in the reviewed BAM supplements. Track the relevant underlying lender/fund's reported non-accruals, realised losses, leverage and loan coverage individually. Credit fee-bearing capital or credit returns are not a substitute for a credit-quality ratio."}],"sources":{"bn2021letter":{"label":"Brookfield 2021 Letter to Shareholders","url":"https://bn.brookfield.com/sites/brookfield-bn/files/BN-IR-Master/Letter-to-Shareholders/2021/2021-letter-to-shareholders.pdf"},"bn2021aif":{"label":"Brookfield Asset Management Inc. 2021 Annual Information Form","url":"https://www.sec.gov/Archives/edgar/data/1001085/000100108522000008/a2021-40xfex991aif.htm"},"bn2021supp":{"label":"Brookfield Q4 2021 Supplemental Information","url":"https://bam.brookfield.com/sites/brookfield-bn-v2/files/BN-IR-Master/Supplemental-Information/2021/2021-q4-supplemental-final.pdf"},"bn2022aif":{"label":"Brookfield Corporation 2022 Annual Information Form","url":"https://www.sec.gov/Archives/edgar/data/1001085/000100108523000007/a2022-40xfex991aif.htm"},"bam2022supp":{"label":"BAM Q4 2022 Supplemental Information","url":"https://bam.brookfield.com/sites/brookfield-bam-v2/files/brookfield-bam-v2/events-news/2023/bam%E2%80%93q4-22-supplement.pdf"},"bam2023supp":{"label":"BAM Q4 2023 Supplemental Information","url":"https://bam.brookfield.com/sites/brookfield-bam-v2/files/brookfield-bam-v2/events-news/2024/2023-q4-supplemental-bam.pdf"},"bam2024supp":{"label":"BAM Q4 2024 Supplemental Information","url":"https://bam.brookfield.com/sites/brookfield-bam-v2/files/brookfield-bam-v2/events-news/2024-q4-supplemental-bam-final.pdf"},"bam2025supp":{"label":"BAM Q4 2025 Supplemental Information","url":"https://bam.brookfield.com/sites/brookfield-bam-v2/files/BAM-IR-Master/Supplemental-Information/2025/Q4-25-BAM-Supplemental.pdf"},"bam_fy2022_release":{"label":"Brookfield Asset Management Announces Strong Fourth Quarter Results, 8 February 2023","url":"https://www.globenewswire.com/news-release/2023/02/08/2603759/0/en/brookfield-asset-management-announces-strong-fourth-quarter-results.html"},"bam_q12025_report":{"label":"BAM Form10-Q, 31 March 2025","url":"https://www.sec.gov/Archives/edgar/data/1937926/000193792625000018/bam-20250331.htm"}}}