Brookfield Asset Management’s revised disclosure shows fee revenues rising to $1.587 billion in the second quarter of 2026 from $1.459 billion a year earlier, an increase of $128 million. Direct costs climbed to $757 million from $685 million over the same period, leaving fee-related earnings at $830 million versus $774 million last year.
On the new presentation, fee-related earnings for the latest quarter were $808 million, up from $754 million in the prior-year quarter and $802 million in the immediately preceding quarter. Fee-related earnings per share rose to $0.50 from $0.46 a year earlier and $0.49 in the prior quarter.
For the last 12 months ended June 30, 2026, fee revenues reached $6.144 billion, compared with $5.226 billion in the prior 12-month period. Direct costs increased to $2.855 billion from $2.437 billion, while fee-related earnings improved to $3.201 billion from $2.695 billion. Distributable earnings for the same 12-month span rose to $2.837 billion from $2.535 billion.
Brookfield’s fee-related earnings margin at its share was 54% in the second quarter of 2026, unchanged from the prior quarter and down from 55% a year earlier. On the old presentation, the margin was shown at 57% for the second quarter of 2026, versus 58% a year earlier.
In credit, fee-bearing capital increased across several categories. Long-term private funds rose to $111 billion at June 30, 2026 from $101 billion a year earlier. Private credit climbed to $70 billion from $62 billion, structured credit and other increased to $17 billion from $15 billion, and opportunistic credit held at $24 billion, flat with the prior year. On the older credit presentation, private credit was shown at $69 billion versus $49 billion a year earlier, while perpetual liquid credit stood at $55 billion. Following these announcements, the company's shares moved 0.02%, and are now trading at a price of $44.59. For the full picture, make sure to review Brookfield Asset Management's 8-K report.
