Berkshire Hathaway

BRK.B Financials Market cap $725B as of Sep 14, 2026 16:00 ET S&P 500

Q2 FY26 Apr 1 – Jun 30, 2026 reported Aug 10, 2026

Revenue$101.8B +10% year over year

Operating profit$15.7B 15% margin

Net profit$25.7B 25% margin

Net profit is larger than what operations earned, because the statement adds $16.2B below it, under Investment gains.

The numbers behind the diagram

All figures in billions of U.S. dollars, for Q2 FY26 (period ends Jun 30, 2026).
Item	Value	Share of revenue	Year over year
Revenue	101.8	100%	+10%
Insurance & corporate	27.3	27%	+0%
Manufacturing businesses	22.5	22%	+13%
Pilot travel centers	14.9	15%	+48%
McLane company	11.9	12%	−4%
Service & retailing	11.9	12%	+11%
Berkshire Hathaway energy	6.7	6%	+5%
Burlington Northern Santa Fe	6.6	6%	+14%
Operating expenses	−86.1	85%
Cost of sales & services	−45.9	45%	+0pp
Insurance losses & benefits	−20.3	20%	+0pp
Railroad, utilities & energy	−8.4	8%	+0pp
SG&A	−6.7	7%	+0pp
Other	−4.7	5%	+0pp
Operating profit	15.7	15% margin	+1pp
Investment gains	16.2
Tax	−6.3
Net profit	25.7	25% margin	+12pp

Figures are rounded to the precision shown, so a column can differ slightly from its own total.

Filing on EDGAR This quarter on its own page

All figures in billions of U.S. dollars, for Q1 FY26 (period ends Mar 31, 2026).
Item	Value	Share of revenue	Year over year
Revenue	93.7	100%	+4%
Insurance & corporate	26.5	28%	+0%
Manufacturing businesses	20.6	22%	+10%
McLane company	11.8	13%	−2%
Pilot travel centers	11.2	12%	+8%
Service & retailing	11.0	12%	+8%
Berkshire Hathaway energy	6.7	7%	+5%
Burlington Northern Santa Fe	6.0	6%	+5%
Operating expenses	−79.9	85%
Cost of sales & services	−41.2	44%	+0pp
Insurance losses & benefits	−19.7	21%	+0pp
Railroad, utilities & energy	−8.2	9%	+0pp
SG&A	−6.6	7%	+0pp
Other	−4.2	4%	+0pp
Operating profit	13.7	15% margin	+2pp
Interest & other costs	−1.5
Tax	−2.1
Net profit	10.1	11% margin	+6pp

Figures are rounded to the precision shown, so a column can differ slightly from its own total.

Filing on EDGAR This quarter on its own page

All figures in billions of U.S. dollars, for Q4 FY25 (period ends Dec 31, 2025).
Item	Value	Share of revenue	Year over year
Revenue	94.2	100%	−1%
Insurance & corporate	27.5	29%	−3%
Manufacturing businesses	19.7	21%	+3%
McLane company	12.8	14%	−8%
Service & retailing	11.2	12%	+8%
Pilot travel centers	10.8	11%	+0%
Berkshire Hathaway energy	6.2	7%	+0%
Burlington Northern Santa Fe	6.0	6%	−3%
Operating expenses	−81.7	87%
D&A	−3.5	4%	+0pp
Interest	−1.3	1%	+0pp
Other	−76.8	82%	+0pp
Operating profit	12.5	13% margin	−4pp
Other income, net	11.8
Tax	−5.2
Net profit	19.2	20% margin	+0pp

Figures are rounded to the precision shown, so a column can differ slightly from its own total.

Filing on EDGAR This quarter on its own page

All figures in billions of U.S. dollars, for Q3 FY25 (period ends Sep 30, 2025).
Item	Value	Share of revenue	Year over year
Revenue	95.0	100%	+2%
Insurance & corporate	27.2	29%	+1%
Manufacturing businesses	20.0	21%	+2%
McLane company	13.0	14%	+3%
Pilot travel centers	10.9	11%	+2%
Service & retailing	10.6	11%	+8%
Berkshire Hathaway energy	7.3	8%	+0%
Burlington Northern Santa Fe	6.0	6%	+2%
Operating expenses	−79.1	83%
Cost of sales & services	−40.9	43%	+0pp
Insurance losses & benefits	−18.2	19%	+0pp
Other	−9.9	10%	+0pp
SG&A	−6.3	7%	+0pp
Railroad, utilities & energy	−3.9	4%	+0pp
Operating profit	15.8	17% margin	+4pp
Other income, net	22.2
Tax	−7.2
Net profit	30.8	32% margin	+4pp

Figures are rounded to the precision shown, so a column can differ slightly from its own total.

Filing on EDGAR This quarter on its own page

Financial health

The balance sheet, the quarter's capital flow, the debt schedule and the capital structure of the quarter shown above.

Every set of results we hold, newest first. Open one on its own page.

Quarter	Period	Reported	Revenue	Year over year	Operating margin	Net profit	Net margin
Q2 FY26 Apr 1 – Jun 30, 2026 reported Aug 10, 2026 Operating margin 15% Net profit $25.7B	Apr 1 – Jun 30, 2026	Aug 10, 2026	$101.8B	+10%	15%	$25.7B	25%
Q1 FY26 Jan 1 – Mar 31, 2026 reported May 4, 2026 Operating margin 15% Net profit $10.1B	Jan 1 – Mar 31, 2026	May 4, 2026	$93.7B	+4%	15%	$10.1B	11%
Q4 FY25 Oct 1 – Dec 31, 2025 reported Mar 2, 2026 Operating margin 13% Net profit $19.2B	Oct 1 – Dec 31, 2025	Mar 2, 2026	$94.2B	−1%	13%	$19.2B	20%
Q3 FY25 Jul 1 – Sep 30, 2025 reported Nov 3, 2025 Operating margin 17% Net profit $30.8B	Jul 1 – Sep 30, 2025	Nov 3, 2025	$95.0B	+2%	17%	$30.8B	32%