Berkshire Hathaway Q4 FY25: where the revenue came from and where it went
The whole income statement of Berkshire Hathaway for this quarter, as one diagram: what earned the revenue, and what it went on.
- Period
- Oct 1 – Dec 31, 2025
- Reported
- Mar 2, 2026
Revenue$94.2B
−1% year over year
Operating profit$12.5B
13% margin
Net profit$19.2B
20% margin
Net profit is larger than what operations earned, because the statement adds $11.8B below it, under Other income, net.
The numbers
| 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 |
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