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	3,026	2,367	2,672	3,325	2,771
Net Interest Income	93.99	99.65	129.81	258	293
Net Interest Income Growth	-5.68%	-23.24%	-49.69%	-11.95%	2.09%
Other Revenues	389.78	306.6	263.4	44	23
Revenue	3,510	2,773	3,066	3,627	3,087
Revenue Growth (YoY)	26.54%	-9.54%	-15.48%	17.49%	43.31%
Cost of Revenue	1,000	804.14	790.95	700	703
Gross Profit	2,509	1,969	2,275	2,927	2,384
Selling, General & Admin	40.8	44.6	42.26	81	132
Other Operating Expenses	257.91	241.8	258.11	236	185
Operating Income	2,210	1,683	1,974	2,610	2,067
Interest Income	292.88	236.22	126.04	146	161
Interest Expense	-190.16	-80.14	-75.47	-354	-382
Other Non-Operating Income (Expense)	-182.14	-64.8	-97.36	1,090	1,486
Total Non-Operating Income (Expense)	-79.41	91.28	-46.79	882	1,265
Pretax Income	2,131	1,774	1,928	3,492	3,332
Provision for Income Taxes	383.96	305.21	314.72	627	504
Net Income	1,810	1,511	1,388	1,915	1,851
Minority Interest in Earnings	-63.39	-41.81	224.91	950	977
Net Income to Common	1,810	1,511	1,388	1,915	1,851
Net Income Growth	19.84%	8.85%	-27.52%	3.46%	384.56%
Shares Outstanding (Basic)	1,612	1,603	1,586	2,453	-
Shares Outstanding (Diluted)	1,629	1,614	1,591	2,453	-
Shares Change (YoY)	0.92%	1.45%	-35.16%	-	-
EPS (Basic)	1.54	1.35	1.16	0.78	-
EPS (Diluted)	1.52	1.34	1.16	0.78	-
EPS Growth	13.43%	15.52%	48.72%	-	-
Shares Outstanding	1,609	1,614	583.13	594.26	-
Free Cash Flow	1,531	1,123	1,086	-275.62	1,142
Free Cash Flow Growth	36.27%	3.43%	-	-	-18.62%
Free Cash Flow Per Share	0.94	0.70	0.68	-0.11	-
Dividends Per Share	1.750	1.520	1.280	-	-
Dividend Growth	15.13%	18.75%	-	-	-
Gross Margin	71.50%	71.01%	74.20%	80.70%	77.23%
Operating Margin	62.99%	60.68%	64.40%	71.96%	66.96%
Profit Margin	49.78%	52.96%	52.61%	78.99%	91.61%
FCF Margin	43.62%	40.50%	35.43%	-7.60%	36.98%
EBITDA	2,240	1,693	1,985	2,620	2,067
EBITDA Margin	63.82%	61.03%	64.75%	72.22%	66.96%
EBIT	2,210	1,683	1,974	2,610	2,067
EBIT Margin	62.99%	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.