REVENUES

6 Months Ended

Jun. 30, 2026

Disclosure of disaggregation of revenue from contracts with customers [abstract]

We perform a disaggregated analysis of revenues considering the nature, amount, and timing of revenues. This includes disclosure of our revenues by segment and type, as well as a breakdown of whether revenues from goods or services are recognized at a point in time or delivered over a period of time.

a) Revenue by Type


FOR THE THREE MONTHS ENDED JUN. 30, 2026 (MILLIONS)	Asset Management		Corporate Activities		Infrastructure		Energy		Private Equity		Real Estate		Total Revenues
Revenue from contracts with customers	$	1,395	$	—	$	5,793	$	1,800	$	6,198	$	645	$	15,831
Other revenue	882		131		928		249		828		557		3,575
	$	2,277	$	131	$	6,721	$	2,049	$	7,026	$	1,202	$	19,406


FOR THE SIX MONTHS ENDED JUN. 30, 2026 (MILLIONS)	Asset Management		Corporate Activities		Infrastructure		Energy		Private Equity		Real Estate		Total Revenues
Revenue from contracts with customers	$	2,527	$	—	$	11,518	$	3,537	$	12,207	$	1,202	$	30,991
Other revenue	1,844		205		1,779		365		1,630		1,172		6,995
	$	4,371	$	205	$	13,297	$	3,902	$	13,837	$	2,374	$	37,986


FOR THE THREE MONTHS ENDED JUN. 30, 2025 (MILLIONS)	Asset Management		Corporate Activities		Infrastructure		Energy		Private Equity		Real Estate		Total Revenues
Revenue from contracts with customers	$	1,107	$	—	$	4,944	$	1,764	$	6,240	$	545	$	14,600
Other revenue	1,322		93		793		89		724		462		3,483
	$	2,429	$	93	$	5,737	$	1,853	$	6,964	$	1,007	$	18,083


FOR THE SIX MONTHS ENDED JUN. 30, 2025 (MILLIONS)	Asset Management		Corporate Activities		Infrastructure		Energy		Private Equity		Real Estate		Total Revenues
Revenue from contracts with customers	$	2,232	$	—	$	9,804	$	3,487	$	12,444	$	1,176	$	29,143
Other revenue	2,181		141		1,558		212		1,497		1,295		6,884
	$	4,413	$	141	$	11,362	$	3,699	$	13,941	$	2,471	$	36,027

b) Timing of Recognition of Revenue from Contracts with Customers


FOR THE THREE MONTHS ENDED JUN. 30, 2026 (MILLIONS)	Asset Management		Infrastructure		Energy		Private Equity		Real Estate		Total Revenues
Goods and services provided at a point in time	$	358	$	—	$	67	$	4,245	$	359	$	5,029
Services transferred over a period of time	1,037		5,793		1,733		1,953		286		10,802
	$	1,395	$	5,793	$	1,800	$	6,198	$	645	$	15,831


FOR THE SIX MONTHS ENDED JUN. 30, 2026 (MILLIONS)	Asset Management		Infrastructure		Energy		Private Equity		Real Estate		Total Revenues
Goods and services provided at a point in time	$	657	$	—	$	83	$	8,387	$	649	$	9,776
Services transferred over a period of time	1,870		11,518		3,454		3,820		553		21,215
	$	2,527	$	11,518	$	3,537	$	12,207	$	1,202	$	30,991


FOR THE THREE MONTHS ENDED JUN. 30, 2025 (MILLIONS)	Asset Management		Infrastructure		Energy		Private Equity		Real Estate		Total Revenues
Goods and services provided at a point in time	$	301	$	—	$	73	$	4,279	$	293	$	4,946
Services transferred over a period of time	806		4,944		1,691		1,961		252		9,654
	$	1,107	$	4,944	$	1,764	$	6,240	$	545	$	14,600


FOR THE SIX MONTHS ENDED JUN. 30, 2025 (MILLIONS)	Asset Management		Infrastructure		Energy		Private Equity		Real Estate		Total Revenues
Goods and services provided at a point in time	$	569	$	—	$	119	$	8,594	$	670	$	9,952
Services transferred over a period of time	1,663		9,804		3,368		3,850		506		19,191
	$	2,232	$	9,804	$	3,487	$	12,444	$	1,176	$	29,143