Berkshire Hathaway Inc. (BRK-A) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Revenue | 93.67B | 94.23B | 94.97B | 92.52B | 89.72B | 94.92B | 93B | 93.65B | 89.87B | 93.38B | 93.21B | 92.5B | 85.39B | 78.07B | 76.9B | 76.2B | 70.84B | 71.8B | 70.58B | 69.11B |
| Revenue Growth % | 4.4% | -0.72% | 2.13% | -1.22% | -0.16% | 1.65% | -0.23% | 1.24% | 5.24% | 19.6% | 21.2% | 21.39% | 20.54% | 8.74% | 8.96% | 10.25% | 9.67% | 11.52% | 11.99% | 21.59% |
| Medical Costs & Claims | 71.21B | 72.55B | 71.59B | 70.2B | 69.33B | 68.53B | 72.69B | 73.2B | 69.67B | 75.61B | 74.27B | 74.39B | 69.27B | 62.77B | 62.95B | 59.95B | 56.96B | 57.6B | 57.45B | 54.81B |
| Medical Cost Ratio % | 76.02% | 76.99% | 75.38% | 75.88% | 77.27% | 72.2% | 78.16% | 78.16% | 77.53% | 80.97% | 79.68% | 80.41% | 81.12% | 80.4% | 81.86% | 78.67% | 80.41% | 80.23% | 81.4% | 79.31% |
| Gross Profit | 22.46B | 21.68B | 23.38B | 22.32B | 20.39B | 26.39B | 20.31B | 20.45B | 20.19B | 17.77B | 18.94B | 18.12B | 16.13B | 15.3B | 13.95B | 16.26B | 13.88B | 14.2B | 13.13B | 14.3B |
| Gross Margin % | 23.98% | 23.01% | 24.62% | 24.12% | 22.73% | 27.8% | 21.84% | 21.84% | 22.47% | 19.03% | 20.32% | 19.59% | 18.88% | 19.6% | 18.14% | 21.33% | 19.59% | 19.77% | 18.6% | 20.69% |
| Gross Profit Growth % | 10.13% | -17.83% | 15.13% | 9.1% | 1% | 48.54% | 7.25% | 12.89% | 25.23% | 16.08% | 35.73% | 11.45% | 16.17% | 7.82% | 6.25% | 13.67% | 2.54% | 16.07% | 7.07% | 20.49% |
| Operating Expenses | 10.32B | 8.7B | 6.72B | 6.73B | 7.68B | 9.99B | 7.32B | 5.78B | 6.32B | 6B | 5.7B | 5.56B | 5.58B | 2.42B | 5.27B | 5.16B | 4.97B | 5.36B | 5.15B | 5B |
| OpEx / Revenue % | 11.01% | 9.23% | 7.07% | 7.28% | 8.56% | 10.52% | 7.88% | 6.17% | 7.03% | 6.42% | 6.12% | 6.01% | 6.53% | 3.11% | 6.85% | 6.77% | 7.01% | 7.47% | 7.3% | 7.23% |
| Depreciation & Amortization | 3.51B | 3.55B | 3.33B | 3.33B | 3.27B | 3.28B | 3.21B | 3.2B | 3.17B | 3.13B | 3.21B | 3.1B | 3.05B | 2.76B | 2.73B | 2.71B | 2.7B | 2.71B | 2.67B | 2.67B |
| Combined Ratio % | 87.04% | 86.22% | 82.45% | 83.16% | 85.83% | 82.72% | 86.04% | 84.34% | 84.56% | 87.39% | 85.8% | 86.43% | 87.65% | 83.5% | 88.71% | 85.44% | 87.42% | 87.69% | 88.7% | 86.54% |
| Operating Income | 12.14B | 12.98B | 16.66B | 15.58B | 12.71B | 16.4B | 12.99B | 14.67B | 13.87B | 11.77B | 13.23B | 12.56B | 10.55B | 12.88B | 8.68B | 11.09B | 8.91B | 8.84B | 7.98B | 9.3B |
| Operating Margin % | 12.96% | 13.78% | 17.55% | 16.84% | 14.17% | 17.28% | 13.96% | 15.66% | 15.44% | 12.61% | 14.2% | 13.57% | 12.35% | 16.5% | 11.29% | 14.56% | 12.58% | 12.31% | 11.3% | 13.46% |
| Operating Income Growth % | -4.49% | -20.84% | 28.32% | 6.23% | -8.35% | 39.35% | -1.88% | 16.83% | 31.49% | -8.61% | 52.41% | 13.19% | 18.35% | 45.78% | 8.85% | 19.28% | 0.08% | 21.39% | 4.53% | 26.66% |
| EBITDA | 15.65B | 16.53B | 20B | 18.91B | 15.98B | 19.69B | 16.19B | 17.87B | 17.04B | 14.9B | 16.45B | 15.65B | 13.6B | 15.64B | 11.41B | 13.8B | 11.62B | 11.54B | 10.65B | 11.97B |
| EBITDA Margin % | 16.71% | 17.55% | 21.06% | 20.44% | 17.81% | 20.74% | 17.41% | 19.08% | 18.96% | 15.96% | 17.64% | 16.92% | 15.93% | 20.03% | 14.84% | 18.12% | 16.4% | 16.07% | 15.08% | 17.32% |
| Interest Expense | 1.3B | 1.3B | 325M | 1.25B | 1.26B | 1.44B | 1.21B | 1.23B | 1.32B | 1.28B | 1.26B | 1.25B | 1.22B | 1.14B | 1.09B | 1.09B | 1.03B | 990M | 1.06B | 1.08B |
| Non-Operating Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Pretax Income | 12.32B | 24.46B | 38.1B | 14.75B | 5.15B | 24.02B | 32.51B | 38.14B | 15.71B | 46.94B | -16.96B | 45.44B | 44.75B | 22.11B | -4.26B | -55.31B | 6.96B | 48.95B | 12.48B | 35.72B |
| Pretax Margin % | 13.15% | 25.95% | 40.12% | 15.94% | 5.74% | 25.31% | 34.96% | 40.72% | 17.48% | 50.27% | -18.19% | 49.12% | 52.41% | 28.32% | -5.54% | -72.58% | 9.82% | 68.18% | 17.69% | 51.68% |
| Income Tax | 2.14B | 5.19B | 7.24B | 2.29B | 476M | 4.27B | 6.03B | 7.64B | 2.87B | 9.18B | -4.39B | 9.24B | 8.99B | 3.87B | -1.56B | -12.07B | 1.25B | 9.05B | 1.84B | 7.3B |
| Effective Tax Rate % | 17.37% | 21.22% | 19% | 15.55% | 9.25% | 17.79% | 18.54% | 20.03% | 18.3% | 19.56% | 25.9% | 20.33% | 20.1% | 17.51% | 36.64% | 21.82% | 18% | 18.5% | 14.74% | 20.42% |
| Net Income | 10.11B | 19.2B | 30.8B | 12.37B | 4.6B | 19.69B | 26.25B | 30.35B | 12.7B | 37.57B | -12.77B | 35.91B | 35.5B | 18.16B | -2.8B | -43.62B | 5.58B | 39.65B | 10.34B | 28.09B |
| Net Margin % | 10.79% | 20.37% | 32.43% | 13.37% | 5.13% | 20.75% | 28.23% | 32.4% | 14.13% | 40.24% | -13.7% | 38.82% | 41.58% | 23.27% | -3.64% | -57.24% | 7.88% | 55.22% | 14.66% | 40.65% |
| Net Income Growth % | 119.55% | -2.51% | 17.31% | -59.24% | -63.76% | -47.59% | 305.62% | -15.49% | -64.22% | 106.86% | -356.29% | 182.33% | 536.27% | -54.18% | -127.05% | -255.27% | -52.35% | 10.63% | -65.68% | 6.84% |
| EPS (Diluted) | 4.68 | 8.90 | 14.28 | 5.73 | 2.13 | 9.13 | 12.18 | 14.08 | 5.88 | 17.36 | -5.88 | 16.52 | 16.25 | 8.27 | -1.27 | -19.84 | 2.52 | 17.79 | 4.59 | 12.33 |
| EPS Growth % | 119.72% | -2.52% | 17.24% | -59.3% | -63.78% | -47.41% | 307.14% | -14.77% | -63.82% | 109.92% | -362.99% | 183.27% | 544.84% | -53.51% | -127.67% | -260.91% | -50.49% | 15.97% | -63.74% | 13.33% |
| EPS (Basic) | 4.68 | 8.90 | 14.28 | 5.73 | 2.13 | 9.13 | 12.18 | 14.08 | 5.88 | 17.36 | -5.88 | 16.52 | 16.25 | 8.27 | -1.27 | -19.84 | 2.52 | 17.79 | 4.59 | 12.33 |
| Diluted Shares Outstanding | 2.16B | 2.16B | 2.16B | 2.16B | 2.16B | 2.16B | 2.16B | 2.16B | 2.16B | 2.16B | 2.17B | 2.17B | 2.18B | 2.2B | 2.2B | 2.21B | 2.21B | 2.23B | 2.25B | 2.28B |