Brookfield Asset Management Ltd. Earnings Per Share Disclosure
FOR THE YEARS ENDED DECEMBER 31, (MILLIONS) | 2025 | 2024 | 2023 | ||||||||||||||||||||||||||||||||
Class A Shares | Class B Shares | Class A Shares | Class B Shares | Class A Shares | Class B Shares | ||||||||||||||||||||||||||||||
| Numerator | |||||||||||||||||||||||||||||||||||
| Net income | $ | 2,482 | $ | — | $ | 2,165 | $ | — | $ | 1,837 | $ | — | |||||||||||||||||||||||
| Denominator | |||||||||||||||||||||||||||||||||||
| Weighted average of common stock outstanding - basic | 1,612.2 | — | 1,603.4 | — | 1,585.8 | — | |||||||||||||||||||||||||||||
| Dilutive effect of conversion of options and escrowed shares using treasury stock method | 16.3 | — | 10.2 | — | 4.8 | — | |||||||||||||||||||||||||||||
| Weighted average of common stock outstanding - diluted | 1,628.5 | — | 1,613.6 | — | 1,590.6 | — | |||||||||||||||||||||||||||||
| Net Income per Share | |||||||||||||||||||||||||||||||||||
| Earnings per share - basic | $ | 1.54 | $ | 1.54 | $ | 1.35 | $ | 1.35 | $ | 1.16 | $ | 1.16 | |||||||||||||||||||||||
| Earnings per share - diluted | $ | 1.52 | $ | 1.54 | $ | 1.34 | $ | 1.35 | $ | 1.16 | $ | 1.16 | |||||||||||||||||||||||
| FOR THE YEARS ENDED DECEMBER 31, (MILLIONS) | 2025 | 2024 | 2023 | ||||||||||||||
| Management stock options of BAM | 3.8 | 4.2 | 8.2 | ||||||||||||||
| Escrow shares of BAM | 3.6 | 3.7 | 5.0 | ||||||||||||||
| Total | 7.4 | 7.9 | 13.2 | ||||||||||||||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Mar 2, 2026 | Showing above |
| 2024 | Mar 17, 2025 | |
About Earnings Per Share Disclosures
The earnings per share disclosure breaks down the calculation from net income to both basic and diluted EPS, revealing the full impact of a company's capital structure on per-share economics. The reconciliation between basic and diluted share counts exposes how many stock options, RSUs, convertible securities, and warrants are potentially dilutive to existing shareholders.
Key signals: a widening gap between basic and diluted shares indicates growing dilution from equity compensation or convertible instruments. Anti-dilutive securities excluded from the diluted calculation deserve attention — they represent latent dilution that will materialize if the stock price rises. Watch for the effect of share buybacks on per-share metrics: EPS growth driven primarily by repurchases rather than income growth signals weakening fundamentals. Compare year-over-year changes in the diluted share count against equity compensation expense to assess whether management is effectively managing dilution.