Brookfield (BN) Q2 2026 earnings summary

Executive summary

• Distributable earnings before realizations rose 15% year-over-year to $1.4 billion ($0.61/share) for Q2; total distributable earnings were $1.5 billion ($0.66/share).

• Raised $98 billion in capital and deployed $100 billion in the first half of 2026; monetized $40 billion of assets.

• Completed Oaktree and Just Group acquisitions, expanding global credit and insurance platforms.

• Shareholders approved a corporate simplification transaction integrating insurance and investment operations.

Financial highlights

• Net income was $703 million for Q2 2026, with $3.7 billion over the last twelve months.

• Net income attributable to shareholders was $364 million, up from $272 million year-over-year.

• Total distributable earnings were $6.2 billion ($2.61/share) over the last twelve months; distributable earnings before realizations were $5.7 billion.

• Fee-related earnings in Asset Management increased 20% year-over-year; fee-bearing capital reached $672 billion.

• Q2 2026 revenues were $19.4 billion, up from $18.1 billion in Q2 2025.

Outlook and guidance

• More than $210 billion of deployable capital available for future investments.

• Focus on large-scale investments and monetization of mature assets to drive returns, with a target of 15%+ total returns on invested equity.

• Pathway to more than $300 billion of insurance assets by the end of the decade; momentum expected to continue in the second half.