Brookfield Infrastructure Partners L.P. (BIP) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Revenue | 6.3B | 6.3B | 5.97B | 5.43B | 5.39B | 5.44B | 5.27B | 5.14B | 5.19B | 4.97B | 4.49B | 4.26B | 4.22B | 3.71B | 3.63B | 3.68B | 3.41B | 3.25B | 2.94B | 2.66B |
| Revenue Growth % | 16.86% | 15.8% | 13.38% | 5.66% | 3.95% | 9.54% | 17.45% | 20.72% | 22.97% | 34.03% | 23.71% | 15.62% | 23.66% | 14.02% | 23.41% | 38.23% | 27.13% | 28.33% | 33.05% | 36.84% |
| Cost of Revenue | 4.61B | 4.5B | 4.42B | 4B | 3.96B | 3.99B | 3.9B | 3.88B | 3.91B | 3.58B | 3.38B | 3.28B | 3.23B | 2.7B | 2.59B | 2.71B | 2.51B | 3.86B | 2.13B | 1.93B |
| Gross Profit | 1.7B | 1.8B | 1.56B | 1.43B | 1.43B | 1.45B | 1.37B | 1.26B | 1.27B | 1.39B | 1.1B | 976M | 989M | 1.01B | 1.04B | 969M | 905M | -609M | 807M | 738M |
| Gross Margin % | 26.92% | 28.6% | 26.09% | 26.41% | 26.48% | 26.69% | 26.05% | 24.58% | 24.56% | 28.03% | 24.58% | 22.93% | 23.45% | 27.13% | 28.59% | 26.32% | 26.53% | -18.73% | 27.46% | 27.71% |
| Gross Profit Growth % | 18.77% | 24.09% | 13.55% | 13.54% | 12.09% | 4.31% | 24.48% | 29.41% | 28.82% | 38.47% | 6.36% | 0.72% | 9.28% | 265.19% | 28.5% | 31.3% | 4.26% | -151.7% | -21.19% | -16.42% |
| Operating Expenses | 109M | 114M | 107M | 108M | 97M | 103M | 113M | 92M | 97M | 101M | 1.1B | 109M | 103M | 95M | 109M | 108M | 121M | -1.37B | 102M | 96M |
| Other Operating Expenses | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| EBITDA | 2.66B | 2.76B | 2.5B | 2.27B | 2.29B | 2.32B | 2.11B | 2.05B | 2.11B | 2.08B | 1.7B | 1.5B | 1.53B | 1.45B | 1.45B | 1.41B | 1.33B | 1.31B | 1.23B | 1.13B |
| EBITDA Margin % | 42.25% | 43.81% | 41.87% | 41.76% | 42.49% | 42.65% | 40.11% | 39.96% | 40.74% | 41.95% | 37.95% | 35.22% | 36.3% | 39.19% | 39.92% | 38.39% | 38.93% | 40.41% | 41.85% | 42.58% |
| EBITDA Growth % | 16.19% | 18.95% | 18.35% | 10.42% | 8.42% | 11.37% | 24.13% | 36.96% | 38.01% | 43.5% | 17.61% | 6.09% | 15.29% | 10.58% | 17.72% | 24.6% | 6.92% | 21.11% | 31.13% | 39.83% |
| Depreciation & Amortization | 1.07B | 1.07B | 1.05B | 941M | 960M | 972M | 854M | 882M | 936M | 793M | 669M | 632M | 645M | 542M | 520M | 552M | 544M | 550M | 525M | 492M |
| D&A / Revenue % | 17.06% | 17.02% | 17.57% | 17.33% | 17.8% | 17.85% | 16.2% | 17.17% | 18.05% | 15.96% | 14.91% | 14.85% | 15.29% | 14.62% | 14.34% | 15% | 15.95% | 16.91% | 17.86% | 18.48% |
| Operating Income (EBIT) | 1.59B | 1.69B | 1.45B | 1.33B | 1.33B | 1.35B | 1.26B | 1.17B | 1.18B | 1.29B | 0 | 867M | 886M | 911M | 928M | 861M | 784M | 764M | 705M | 642M |
| Operating Margin % | 25.19% | 26.79% | 24.3% | 24.42% | 24.68% | 24.8% | 23.91% | 22.79% | 22.69% | 26% | 0% | 20.37% | 21.01% | 24.57% | 25.59% | 23.39% | 22.98% | 23.49% | 23.99% | 24.11% |
| Operating Income Growth % | 19.23% | 25.11% | 15.24% | 13.24% | 13.08% | 4.49% | - | 35.06% | 32.84% | 41.82% | -100% | 0.7% | 13.01% | 19.24% | 31.63% | 34.11% | 1.42% | 34.98% | 33.78% | 47.25% |
| Interest Expense | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
| Interest Coverage | 1.52x | 1.95x | 2.02x | 1.45x | 1.75x | 1.22x | 1.36x | 1.32x | 2.04x | 1.28x | 1.62x | 2.68x | 1.41x | 1.35x | 2.03x | 2.23x | 2.06x | 1.81x | 2.77x | 5.40x |
| Interest / Revenue % | 0.02% | 0.02% | 0.02% | 0.02% | 0.02% | 0.02% | 0.02% | 0.02% | 0.02% | 0.02% | 0.02% | 0.02% | 0.02% | 0.03% | 0.03% | 0.03% | 0.03% | 0.03% | 0.03% | 0.04% |
| Non-Operating Income | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | 1000K | 1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | 1000K |
| Pretax Income | 255M | 997M | 1.04B | 409M | 678M | 549M | 313M | 265M | 826M | 448M | 394M | 955M | 232M | 430M | 494M | 579M | 432M | 543M | 651M | 1.59B |
| Pretax Margin % | 4.05% | 15.82% | 17.36% | 7.53% | 12.57% | 10.08% | 5.94% | 5.16% | 15.92% | 9.01% | 8.78% | 22.44% | 5.5% | 11.6% | 13.62% | 15.73% | 12.66% | 16.7% | 22.15% | 59.78% |
| Income Tax | 107M | -7M | 287M | 157M | 152M | 98M | 79M | 81M | 12M | 172M | 138M | 182M | 89M | 135M | 133M | 154M | 138M | 79M | 115M | 286M |
| Effective Tax Rate % | 41.96% | -0.7% | 27.68% | 38.39% | 22.42% | 17.85% | 25.24% | 30.57% | 1.45% | 38.39% | 35.03% | 19.06% | 38.36% | 31.4% | 26.92% | 26.6% | 31.94% | 14.55% | 17.67% | 17.96% |
| Net Income | -86M | 219M | 210M | 74M | 26M | 186M | -73M | 35M | 131M | -15M | 89M | 253M | 40M | 53M | 92M | 130M | 66M | 106M | 278M | 243M |
| Net Margin % | -1.36% | 3.47% | 3.51% | 1.36% | 0.48% | 3.42% | -1.39% | 0.68% | 2.53% | -0.3% | 1.98% | 5.94% | 0.95% | 1.43% | 2.54% | 3.53% | 1.93% | 3.26% | 9.46% | 9.13% |
| Net Income Growth % | -430.77% | 17.74% | 387.67% | 111.43% | -80.15% | 1340% | -182.02% | -86.17% | 227.5% | -128.3% | -3.26% | 94.62% | -39.39% | -50% | -66.91% | -46.5% | -52.52% | -53.51% | 1290% | 1204.55% |
| EPS (Diluted) | -0.19 | 0.53 | 0.43 | -0.01 | 0.04 | 0.21 | -0.19 | -0.11 | 0.10 | -0.18 | 0.03 | 0.55 | -0.07 | -0.03 | 0.05 | 0.93 | 0.64 | 0.09 | 0.48 | 0.41 |
| EPS Growth % | -616.3% | 152.38% | 326.32% | 88.18% | -63.2% | 216.67% | -733.33% | -120% | 242.86% | -500% | -40% | -40.86% | -110.94% | -132.15% | -89.58% | 126.83% | 255.56% | -76.08% | 700% | 341.18% |
| EPS (Basic) | -0.19 | 0.53 | 0.43 | -0.01 | 0.04 | 0.21 | -0.19 | -0.11 | 0.10 | -0.18 | 0.03 | 0.55 | -0.07 | -0.03 | 0.05 | 0.93 | 0.64 | 0.09 | 0.48 | 0.41 |
| Diluted Shares Outstanding | 459.8M | 460.1M | 461.3M | 461.3M | 461.6M | 461.9M | 461.7M | 461.5M | 461.4M | 461.34M | 458.8M | 458.7M | 458.4M | 458.3M | 458.2M | 458M | 457.95M | 450.3M | 443.4M | 443.3M |