Berkshire Hathaway Q2 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
- 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
| 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 |
57 of 418 companies, most recently reported first
New results in your inbox
When a big company reports, we send you a link to its diagram before anyone has time to comment on it. This is a mailing list, not an account: it does not open the diagrams by itself. No spam, one-click unsubscribe.
Drag or use the arrow keys to see the rest