Berkshire Hathaway (BRK.B) Financial Statements & Analysis

Berkshire Hathaway (BRK.B) Income Statement

Berkshire Hathaway reported revenue of $371.44B in fiscal 2025 (fiscal year ended Dec 31, 2025), flat from $371.43B a year earlier. Net income was $66.97B, down 24.8% year over year, a net margin of 18.0%. Gross margin was 23.6% and operating margin 15.9%. In the most recent quarter, Q2 fiscal 2026 (ended Jun 30, 2026), revenue was $101.81B, up 10.0% from the same quarter a year earlier.

Berkshire Hathaway Income Statement Analysis

Values in billions USD

Income Statement Balance Sheet Cash Flow Ratios

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Berkshire Hathaway Inc. income statement - Annual data in billions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017
Revenue & Gross Profit
Revenue	371.44	371.43	364.48	302.02	354.73	245.58	254.62	247.84	239.93
Cost of Revenue	283.67	284.86	38.88	38.16	220.93	29.55	202.42	197.12	197.66
Gross Profit	87.78	86.58	93.09	76.08	55.16	69.79	52.20	50.71	42.27
Operating Expenses
Research & Development	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Selling, General & Administrative	28.90	27.14	25.46	19.51	23.04	18.81	19.51	18.60	18.20
Operating Expenses	28.90	27.14	44.74	36.20	20.14	18.81	19.51	18.60	18.20
Operating Income	58.88	59.44	48.34	39.89	35.02	69.79	32.68	32.11	24.07
Other Income/Expense
Interest Income	23.26	0.00	1.97	1.86	7.47	8.09	9.24	7.68	6.54
Interest Expense	5.07	5.20	-5.00	-4.35	4.17	-4.08	3.96	3.85	4.39
Other Income/Expense	23.58	50.94	71.83	-70.39	48.06	25.72	70.01	-28.11	-0.23
Income
Income Before Tax	82.46	110.38	120.17	-30.50	111.86	55.69	102.70	4.00	23.84
Income Tax Expense	15.20	20.82	23.02	-8.50	20.91	12.44	20.90	-0.32	-21.52
Net Income	66.97	89.00	96.22	-22.76	89.94	42.52	81.42	4.02	44.94
Net Income - Continuous Operations	66.97	89.00	96.22	-22.00	90.95	42.52	81.42	4.02	44.94
Net Income - Discontinued Operations	-	-	-	-	-	-	-	-	-
EBITDA	72.36	72.29	135.68	-17.11	45.74	80.39	42.75	41.89	33.26
EBIT	97.12	113.74	123.20	-28.01	116.03	69.79	-	-	-
Depreciation & Amortization	13.48	12.86	12.49	10.90	10.72	10.60	10.06	9.78	9.19
Earnings Per Share
Basic EPS	31.00	41.00	44.00	-10.00	40.00	18.00	33.00	2.00	18.00
Diluted EPS	31.00	41.00	66412.00	-15494.00	40.00	18.00	33.00	2.00	18.00
Basic Shares Outstanding	2.16	2.16	2.17	2.20	2.27	2.39	2.45	2.47	2.47
Diluted Shares Outstanding	2.16	2.16	2.17	2.20	2.27	2.39	2.45	2.47	2.47

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About Berkshire Hathaway Financial Statements

What was Berkshire Hathaway's revenue in fiscal 2025?

Berkshire Hathaway reported revenue of $371.44B in fiscal 2025 (fiscal year ended Dec 31, 2025). That was flat from $371.43B a year earlier.

Is Berkshire Hathaway profitable?

Yes. Berkshire Hathaway earned net income of $66.97B in fiscal 2025, a net margin of 18.0%. In fiscal 2024 it earned $89.00B.

What is Berkshire Hathaway's operating margin?

Berkshire Hathaway's operating income was $58.88B on revenue of $371.44B in fiscal 2025, an operating margin of 15.9%, compared with 16.0% a year earlier.

What is net profit margin?

Net profit margin is net income divided by revenue. It shows how much of each dollar of sales a company keeps as profit after all costs, interest and taxes. Full definition