TSX:BAM Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Transaction-Based Revenues	4,153	3,397	3,541	3,325	2,771
Net Interest Income	-	143	172	258	293
Net Interest Income Growth	-	-16.86%	-33.33%	-11.95%	2.09%
Other Revenues	664	440	349	44	23
Revenue	4,817	3,980	4,062	3,627	3,087
Revenue Growth (YoY)	21.03%	-2.02%	11.99%	17.49%	43.31%
Cost of Revenue	-	1,154	1,048	700	703
Gross Profit	-	2,826	3,014	2,927	2,384
Selling, General & Admin	-	64	56	81	132
Other Operating Expenses	-	347	342	236	185
Operating Income	4,817	2,415	2,616	2,610	2,067
Interest Income	402	339	167	146	161
Interest Expense	-261	-115	-100	-354	-382
Other Non-Operating Income (Expense)	-250	-93	-129	1,090	1,486
Total Non-Operating Income (Expense)	-109	131	-62	882	1,265
Pretax Income	2,925	2,546	2,554	3,492	3,332
Provision for Income Taxes	527	438	417	627	504
Net Income	2,398	2,168	1,839	1,915	1,851
Minority Interest in Earnings	-	-60	298	950	977
Net Income to Common	2,398	2,168	1,839	1,915	1,851
Net Income Growth	10.61%	17.89%	-3.97%	3.46%	384.56%
Shares Outstanding (Basic)	1,557	1,631	1,635	1,635	-
Shares Outstanding (Diluted)	1,578	1,633	1,635	1,635	-
Shares Change (YoY)	-3.38%	-0.15%	-	-	-
EPS (Basic)	1.54	1.33	1.12	1.17	-
EPS (Diluted)	1.52	1.33	1.12	1.17	-
EPS Growth	14.29%	18.75%	-4.27%	-	-
Free Cash Flow	0	1,298	1,086	-275.62	1,142
Free Cash Flow Growth	-	19.53%	-	-	-18.62%
Free Cash Flow Per Share	-	0.80	0.66	-0.17	-
Dividends Per Share	1.750	1.520	1.280	-	-
Dividend Growth	15.13%	18.75%	-	-	-
Gross Margin	100.00%	71.01%	74.20%	80.70%	77.23%
Operating Margin	100.00%	60.68%	64.40%	71.96%	66.96%
Profit Margin	49.78%	52.96%	52.61%	78.99%	91.61%
FCF Margin	0.00%	32.62%	26.74%	-7.60%	36.98%
EBITDA	4,817	2,425	2,627	2,620	2,067
EBITDA Margin	100.00%	60.92%	64.66%	72.22%	66.96%
EBIT	4,817	2,415	2,616	2,610	2,067
EBIT Margin	100.00%	60.68%	64.40%	71.96%	66.96%
Effective Tax Rate	18.02%	17.20%	16.33%	17.96%	15.13%

Updated Dec 31, 2025. Data Source: Fiscal.ai. Capital Markets template. Financial Sources.