Brookfield Asset Management Ltd. (BAM), a global alternative asset manager with more than $1 trillion of assets under management, reported net income attributable to common stockholders of $2.65 billion for the three months ended September 30, 2026, up from $904 million in the three months ended June 30, 2026.

Total revenues were $2.15 billion in the September quarter, compared with $1.75 billion in the June quarter. Base management and advisory fees, the largest recurring revenue line, rose to $1.09 billion from $919 million. Incentive fees were $191 million.

The main driver of the profit increase was the change in other income (expenses), net, from a $29 million expense in the June quarter to $1.741 billion of income in the September quarter. Total investment income was $764 million in the September quarter, versus $553 million in the June quarter. Unrealized carried interest allocations were $604 million, and realized carried interest allocations were $160 million. Other revenues fell to $54 million from $117 million in the June quarter.

Expenses were $915 million in the September quarter. Compensation and benefits were $513 million. Other income (expenses), net, was $1.74 billion of income, compared with $29 million of expense in the June quarter. Share of income from equity method investments was $261 million. Income before taxes was $3.33 billion.

Credit remained the largest platform by both assets under management and fee-bearing capital. Credit AUM was $426 billion as of September 30, 2026, and credit fee-bearing capital was $341 billion. The Oaktree Acquisition completed on July 31, 2026. Credit fee-bearing capital had been $326 billion as of June 30, 2026.

Real estate AUM was more than $280 billion, with fee-bearing capital of $104 billion. Infrastructure AUM was $267 billion and infrastructure fee-bearing capital was $113 billion. Energy AUM was $155 billion and energy fee-bearing capital was $71 billion. Private equity AUM was $166 billion and private equity fee-bearing capital was $53 billion.

Beginning in the quarter ended September 30, 2026, BAM revised its fee-bearing capital presentation to include fee-bearing capital associated with assets for which partner managers receive servicing fees, in order to better align the presentation with fee revenues. The company said it had 60 unique active strategies.

The company said it had more than 5,800 investment and asset management professionals and employees, including more than 300 client service professionals across 32 global offices, and a dedicated team of about 150 people focused on the private wealth channel. It said it served more than 2,500 institutional clients and about 69,000 clients overall.

Brookfield Infrastructure Partners L.P. had a market capitalization of $27.7 billion as of September 30, 2026. Brookfield Renewable Partners L.P. had a market capitalization of more than $19.2 billion. Brookfield Business Corporation had a market capitalization of $5.8 billion. Brookfield Property Group fee-bearing capital was $20 billion.

The company said U.S. real GDP is estimated to have grown 3.6% for the quarter ended September 30, 2026, and that the U.S. inflation rate increased to 3.7% as of September 30, 2026. The Federal Reserve raised the Federal Funds target range to 3.75%–4.00% in September 2026, the first rate hike following a series of rate cuts in late 2025. For the quarter ended September 30, 2026, the S&P 500 was up 2.03% and the MSCI World Index increased 1.60%. U.S. high yield credit spreads widened 37 basis points.

Net income attributable to common stockholders was $2.65 billion, and the company continued to report results across infrastructure, energy, private equity, real estate and credit, with credit fee-bearing capital of $341 billion after the July Oaktree close and 60 unique active strategies on the books as of the September 30, 2026 report.