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Q3 FY2026 · Earnings report
EPS estimate 5.88Revenue estimate 100.96B
Q3 FY2026 · Earnings report
EPS estimate 5.88Revenue estimate 100.96B
Berkshire Hathaway financials
Yes. Berkshire Hathaway earned 85.77B USD of net income over the last twelve months, 22.3% of its revenue. It made a profit in 37 of its 38 fiscal years since 1988. Its last loss was in fiscal year 2022.
- Revenue (TTM)
- 384.69B USD
- Net income (TTM)
- 85.77B USD
- Free cash flow (TTM)
- 24.22B USD
- Cash and short-term investments
- 365.51B USD
- Total debt
- 129.37B USD
- Shareholders' equity
- 750.18B USD
Cash, debt and equity as of 30 Jun 2026.
Berkshire Hathaway earnings
Next earnings · Q3 FY2026
EPS estimate
5.88 USD
Revenue estimate
100.96B USD
Last quarter · Q2 FY2026
EPS6.02Beat +17.3%Revenue101.81BBeat +5.5%
Revenue
ReportedEstimate
EPS
ReportedEstimate
| Period | Report date | EPS estimate | Reported EPS | Surprise | EPS growth | Revenue estimate | Reported revenue | Surprise | Revenue growth |
|---|---|---|---|---|---|---|---|---|---|
| Q3 FY2026 | 5.88 | — | — | -58.82% | 100.96B | — | — | +6.30% | |
| Q2 FY2026 | 5.13 | 6.02 | +17.35% | +5.06% | 96.52B | 101.81B | +5.48% | +2.96% | |
| Q1 FY2026 | 5.08 | 5.25 | +3.35% | +17.45% | 92.91B | 93.68B | +0.82% | +12.47% | |
| Q4 FY2025 | 5.51 | 4.73 | -14.16% | -29.72% | 96.98B | 100.67B | +3.81% | -0.79% | |
| Q3 FY2025 | 5.72 | 14.28 | +149.65% | +205.13% | 95.62B | 94.97B | -0.68% | -16.33% | |
| Q2 FY2025 | 5.04 | 5.73 | +13.69% | +6.51% | 82.22B | 98.88B | +20.26% | -15.85% | |
| Q1 FY2025 | 4.63 | 4.47 | -3.46% | -14.04% | 81.59B | 83.29B | +2.08% | -9.22% |
| Period | EPS estimate | Reported EPS | Surprise | EPS growth | Revenue estimate | Reported revenue | Surprise | Revenue growth |
|---|---|---|---|---|---|---|---|---|
| FY2027 | 22.33 | — | — | -0.09% | 409.85B | — | — | +1.57% |
| FY2026 | 22.35 | — | — | -23.49% | 403.52B | — | — | +6.81% |
| FY2025 | 21.48 | 29.21 | +35.97% | +32.83% | 385.12B | 377.81B | -1.90% | -10.94% |
| FY2024 | 19.84 | 21.99 | +10.84% | +27.92% | 371.95B | 424.23B | +14.06% | -3.44% |
| FY2023 | 17.27 | 17.19 | -0.48% | +22.96% | 314.42B | 439.34B | +39.73% | +87.58% |
| FY2022 | 14.39 | 13.98 | -2.88% | +15.35% | 262.08B | 234.21B | -10.63% | -33.96% |
Berkshire Hathaway growth and profitability
Full income statement- Revenue (TTM)
- 384.69B USD
- Net income (TTM)
- 85.77B USD
- Gross margin
- 23.52%
- Operating margin
- 16.25%
- Net margin
- 22.30%
Revenue / Net income
Revenue Net income Net margin
How Berkshire Hathaway makes its money
Berkshire Hathaway Insurance Group104.21B 28.1%
Manufacturing Businesses78.49B 21.1%
Mc Lane Company51.00B 13.7%
Service And Retailing Businesses42.65B 11.5%
Pilot Travel Centers ("Pilot)42.20B 11.4%
Berkshire Hathaway Energy Company26.30B 7.1%
Burlington Northern Santa Fe Corporation23.53B 6.3%
Revenue371.44B 100.0%
Cost of revenue283.67B 76.4%
Gross profit87.78B 23.6%
Selling and administration28.90B 7.8%
Operating income58.88B 15.9%
Tax15.20B 4.1%
Net income66.97B 18.0%
FY2025, in USD. Each band is as wide as its money; the percentage is its share of revenue.
FY2025, in USD. Each band is as wide as its money; the percentage is its share of revenue.
Berkshire Hathaway revenue breakdown
By product
FY2025
28.3%Berkshire Hathaway Insurance Group21.3%Manufacturing Businesses13.8%Mc Lane Company11.6%Service And Retailing Businesses11.5%Pilot Travel Centers ("Pilot)7.1%Berkshire Hathaway Energy Company6.4%Burlington Northern Santa Fe Corporation
| Segment | Revenue | Share of revenue | Change on the year |
|---|---|---|---|
| Berkshire Hathaway Insurance Group | 104.21B | 28.3% | -0.8% |
| Manufacturing Businesses | 78.49B | 21.3% | +1.6% |
| Mc Lane Company | 51.00B | 13.8% | -1.8% |
| Service And Retailing Businesses | 42.65B | 11.6% | +7.0% |
| Pilot Travel Centers ("Pilot) | 42.20B | 11.5% | -10.0% |
| Berkshire Hathaway Energy Company | 26.30B | 7.1% | -0.2% |
| Burlington Northern Santa Fe Corporation | 23.53B | 6.4% | -0.2% |
Operating and free cash flow
Full cash flow statementOperating cash flow Free cash flow
Berkshire Hathaway financial health
Full balance sheet- Cash and short-term investments
- 365.51B USD
- Total debt
- 129.37B USD
- Net cash
- 236.14B USD
- Free cash flow (TTM)
- 24.22B USD
- Current ratio
- 7.29
- Debt to equity
- 0.17
- Piotroski score
- 4 / 9
- Altman Z-score
- 3.14
Cash, debt and free cash flow
Cash and short-term investments Total debt Free cash flow
Assets, liabilities and equity
Total assets Total liabilities Shareholders' equity
Berkshire Hathaway valuation
- Price to earnings ratio (TTM)
- 14.05
- Forward P/E (FY2026)
- 25.01
- Price to sales (TTM)
- 3.11
- Price to book
- 1.59
- EV / EBITDA (TTM)
- 12.55
Capital structure
Market capitalization
1.20T USD
+
Total debt
129.37B USD
−
Cash and short-term investments
365.51B USD
=
Enterprise value
960.30B USD
Valuation over time
P/EForward P/EForward P/E · EstimateEstimate
Berkshire Hathaway ownership
- Institutions
- 43.30%
- Institutional holders
- 5,056 (+67)
- Free float
- 65.60%
InstitutionsOthers
As of 30 Jun 2026
Insider trading
| Quarter | Purchases | Sales | Shares acquired | Shares disposed of |
|---|---|---|---|---|
| Q3 2026 | 5 | 1 | 12.00M | 12.05M |
| Q2 2026 | 2 | 0 | 38.04K | 38.05K |
| Q1 2026 | 18 | 0 | 21.00 | 24.00 |
| Q4 2025 | 0 | 0 | 2.70M | 2.70M |
Shares outstanding
Basic shares Diluted shares Change in diluted shares
Common questions about Berkshire Hathaway's financials
Source: Financial Modeling Prep