Brookfield (BN) Operating Expenses (2009 - 2026)
Brookfield's (BN) quarterly Operating Expenses came in at -$14.1 billion in Q1 2026, down 5.12% year-on-year from -$14.9 billion in Q1 2025, and down 15.16% quarter-over-quarter from -$12.3 billion in Q4 2025.
Brookfield (BN) Operating Expenses (2009 - 2026) Analysis & Trends
Brookfield's Operating Expenses history runs 18 years deep, the most recent figure standing at -$14.1 billion for Q1 2026.
- On a quarterly basis, Operating Expenses fell 5.12% year-over-year to -$14.1 billion in Q1 2026; TTM through Mar 2026 was -$55.0 billion, a 52.8% decrease from a year earlier, with the FY2025 full-year figure at -$57.0 billion, up 16.14% from the prior year.
- Operating Expenses declined to -$14.1 billion in Q1 2026 per BN's latest filing, from -$12.3 billion in the prior quarter.
- Across five years, Operating Expenses topped out at $12.0 billion in Q4 2024 and bottomed at -$19.9 billion in Q2 2023.
- The 5-year median for Operating Expenses is -$18.2 billion (2022), against an average of -$15.5 billion.
- Across the five-year window, Operating Expenses surged 165.92% in 2024 and sank 202.5% in 2025, its largest moves.
- Year by year, Operating Expenses stood at -$18.2 billion in 2022, then increased by 0.27% to -$18.2 billion in 2023, then jumped by 165.92% to $12.0 billion in 2024, then sank by 202.5% to -$12.3 billion in 2025, then slipped by 15.16% to -$14.1 billion in 2026.
- Per Business Quant, the three latest BN Operating Expenses figures stand at -$14.1 billion (Q1 2026), -$12.3 billion (Q4 2025), and -$14.6 billion (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Brookfield | 1,236.60 Bn | 1,311.20 Bn | 18.56 Bn | -14.14 Bn |
| 2 | BlackRock | 161.01 Bn | 148.08 Bn | - | 3.88 Bn |
| 3 | Blackstone | 97.77 Bn | 96.72 Bn | - | 2.26 Bn |
| 4 | Apollo Global Management | 70.80 Bn | 90.38 Bn | -409.00 Mn | 4.68 Bn |
| 5 | State Street | 51.30 Bn | 51.30 Bn | - | 2.81 Bn |
| 6 | Ameriprise Financial | 48.54 Bn | 39.27 Bn | 4.57 Bn | 3.67 Bn |
| 7 | Northern Trust | 32.93 Bn | 32.93 Bn | - | 1.51 Bn |
| 8 | Raymond James Financial | 32.59 Bn | 17.67 Bn | - | 3.12 Bn |
| 9 | Price T Rowe | 24.70 Bn | 21.13 Bn | - | 1.18 Bn |
| 10 | Principal Financial | 23.31 Bn | -27.00 Bn | -463.00 Mn | 3.05 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -14.14 Bn |
| Dec 31, 2025 | -12.28 Bn |
| Sep 30, 2025 | -14.63 Bn |
| Jun 30, 2025 | -13.92 Bn |
| Mar 31, 2025 | -13.45 Bn |
| Dec 31, 2024 | 11.98 Bn |
| Sep 30, 2024 | -15.34 Bn |
| Jun 30, 2024 | -19.15 Bn |
| Mar 31, 2024 | -19.05 Bn |
| Dec 31, 2023 | -18.17 Bn |
| Sep 30, 2023 | -18.84 Bn |
| Jun 30, 2023 | -19.91 Bn |
| Mar 31, 2023 | -19.82 Bn |
| Dec 31, 2022 | -18.22 Bn |
| Sep 30, 2022 | -19.77 Bn |
| Jun 30, 2022 | -19.84 Bn |
| Mar 31, 2022 | -18.70 Bn |
| Dec 31, 2021 | -16.63 Bn |
| Sep 30, 2021 | -16.37 Bn |
| Jun 30, 2021 | -15.57 Bn |