| REVENUES |
REVENUES 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 | |
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