Berkshire Hathaway Q1 FY26: 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
- Jan 1 – Mar 31, 2026
- Reported
- May 4, 2026
Revenue$93.7B
+4% year over year
Operating profit$13.7B
15% margin
Net profit$10.1B
11% margin
The numbers
| 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 |
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