Brookfield Infrastructure Partners L.P. (BIP)

BIP Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	22,240	21,039	17,931	14,427	11,537	8,885
Revenue Growth (YoY)	8.14%	17.33%	24.29%	25.05%	29.85%	34.68%
Cost of Revenue	16,366	15,676	13,470	10,510	8,247	6,548
Gross Profit	5,874	5,363	4,461	3,917	3,290	2,337
Selling, General & Admin	415	405	413	433	406	312
Operating Expenses	415	405	413	433	406	312
Operating Income	5,459	4,958	4,048	3,484	2,884	2,025
Interest Expense	-3,716	-3,387	-2,501	-1,855	-1,468	-1,179
Earnings From Equity Investments	795	439	459	12	88	131
Currency Exchange Gain (Loss)	-26	-26	-146	164	-116	-
Other Non Operating Income (Expenses)	-390	-582	167	90	-155	218
EBT Excluding Unusual Items	2,122	1,402	2,027	1,895	1,233	1,195
Merger & Restructuring Charges	-55	-55	-128	-	-	-
Gain (Loss) on Sale of Investments	-	-	30	40	-	-
Gain (Loss) on Sale of Assets	6	6	100	-	2,100	-
Other Unusual Items	600	600	-	-	-	-
Pretax Income	2,673	1,953	2,029	1,935	3,333	1,195
Income Tax Expense	694	270	581	560	614	291
Earnings From Continuing Operations	1,979	1,683	1,448	1,375	2,719	904
Minority Interest in Earnings	-1,620	-1,609	-1,323	-1,250	-2,065	-748
Net Income	359	74	125	125	654	156
Preferred Dividends & Other Adjustments	40	40	38	38	41	35
Net Income to Common	319	34	87	87	613	121
Net Income Growth	-	-40.80%	-	-80.89%	319.23%	200.00%
Shares Outstanding (Basic)	460	462	459	458	445	442
Shares Outstanding (Diluted)	460	462	459	458	445	442
Shares Change (YoY)	-0.27%	0.48%	0.28%	2.92%	0.68%	3.20%
EPS (Basic)	0.69	0.07	0.19	0.19	1.38	0.27
EPS (Diluted)	0.69	0.07	0.19	0.19	1.38	0.27
EPS Growth	-	-61.11%	-0.28%	-86.21%	403.20%	517.11%
Free Cash Flow	-5,473	-322	1,591	356	705	1,058
Free Cash Flow Per Share	-11.89	-0.70	3.46	0.78	1.58	2.39
Dividend Per Share	1.695	1.620	1.530	1.440	1.360	1.293
Dividend Growth	6.27%	5.88%	6.25%	5.88%	5.16%	-3.48%
Gross Margin	26.41%	25.49%	24.88%	27.15%	28.52%	26.30%
Operating Margin	24.55%	23.57%	22.57%	24.15%	25.00%	22.79%
Profit Margin	1.43%	0.16%	0.48%	0.60%	5.31%	1.36%
Free Cash Flow Margin	-24.61%	-1.53%	8.87%	2.47%	6.11%	11.91%
EBITDA	9,382	8,602	6,787	5,642	4,920	3,730
EBITDA Margin	42.19%	40.89%	37.85%	39.11%	42.64%	41.98%
D&A For EBITDA	3,923	3,644	2,739	2,158	2,036	1,705
EBIT	5,459	4,958	4,048	3,484	2,884	2,025
EBIT Margin	24.55%	23.57%	22.57%	24.15%	25.00%	22.79%
Effective Tax Rate	25.96%	13.83%	28.63%	28.94%	18.42%	24.35%

Updated Nov 7, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q