Brookfield's first quarter 2026 Fee-Related Earnings grew 11% despite missing revenue and EPS estimates.

Brookfield Asset Management reported first quarter 2026 revenue of $1.34 billion and diluted EPS of $0.38, missing analyst estimates. However, the company's core operational metrics showed continued strength, with Fee-Related Earnings (FRE) and Distributable Earnings (DE) growing 11% and 7% respectively, driven by strong fundraising and a 12% year-over-year increase in fee-bearing capital.

Key Highlights

• Fee-Related Earnings (FRE), a key profitability metric, increased 11% year-over-year to $772 million.
• The company raised $21 billion of new capital during the quarter, contributing to a 12% annual growth in fee-bearing capital to $614 billion.
• Brookfield was awarded a mandate to manage an additional $40 billion in fee-bearing capital from the Just Group, which is expected to generate approximately $100 million in annual base fee revenue.