NYSE$BRK-B
Berkshire Hathaway Inc · Q1 2025 earnings
Q1 2025 earnings · · Before market open · Investor relations
Briefing
Berkshire Hathaway reported Q1 2025 total revenues of $89.7B with net earnings attributable to Berkshire shareholders of $4.6B and Class B diluted EPS of $2.13.
Total revenues were $89.7 billion for the quarter ended March 31, 2025. Net earnings attributable to Berkshire shareholders were $4.6 billion; Class B equivalent diluted EPS was $2.13 versus $8.83 a year ago as investment marks swung results. Insurance, railroad, utilities, and energy operations contributed operating earnings while equity portfolio volatility drove year-over-year GAAP comparisons.
- Q1 total revenues $89.7B.
- Net earnings attributable to Berkshire shareholders $4.6B.
- Class B diluted EPS $2.13.
- After-tax investment losses of roughly $5.0B weighed on reported earnings.
Headline financials
Revenue & EPS history
Berkshire Hathaway · Revenue · Quarterly
$89.7B
Forward guidance
Berkshire does not provide earnings guidance; capital allocation and insurance underwriting drive outlook.
Tailwinds
- Diversified operating businesses generate recurring earnings.
- Large insurance float and cash support opportunistic investments.
Headwinds
- Investment marks create GAAP earnings volatility.
- Catastrophe losses and macro can affect insurance results.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2025
+0.1%
Avg return
Earnings day
+0.8%
Avg return
5 days after
+2.6%
Avg return
30 days after
30%
10 / 33 earnings
Positive
+1.9%
Q2 2016
Best reaction
-1.6%
Q3 2021
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +1.1% | +3.3% | +4.0% | |
| Q4 2025 | +0.0% | -0.9% | -6.0% | |
| Q3 2025 | +0.0% | +3.3% | +6.5% | |
| Q2 2025 | +0.0% | -2.4% | +6.4% | |
| Q1 2025 | -0.5% | +0.0% | -4.7% | |
| Q4 2024 | +0.0% | +4.9% | +9.8% | |
| Q3 2024 | +0.0% | +1.8% | +5.6% | |
| Q2 2024 | +0.0% | +0.7% | +11.1% | |
| Q1 2024 | +0.0% | -0.5% | -5.7% | |
| Q4 2023 | +0.0% | +2.5% | +8.5% | |
| Q3 2023 | +0.0% | -1.5% | -3.7% | |
| Q2 2023 | +1.2% | +1.4% | +3.8% | |
| Q1 2023 | +1.2% | +1.7% | +7.7% | |
| Q3 2022 | -0.9% | +3.6% | +11.1% | |
| Q2 2022 | -0.2% | +0.8% | +9.9% | |
| Q1 2022 | -1.3% | -3.6% | -9.7% | |
| Q3 2021 | -1.6% | +0.3% | +3.5% | |
| Q2 2021 | +0.6% | +1.1% | +0.8% | |
| Q1 2021 | -1.1% | +1.7% | +6.5% | |
| Q3 2020 | +1.2% | +0.9% | -4.1% | |
| Q2 2020 | +0.7% | +0.9% | +9.7% | |
| Q1 2020 | -0.2% | -2.6% | +2.3% | |
| Q3 2019 | +0.3% | +0.3% | +2.8% | |
| Q2 2019 | +0.0% | +1.0% | -2.5% | |
| Q1 2019 | +0.0% | +2.2% | +7.9% | |
| Q3 2018 | +0.0% | +2.5% | -5.0% | |
| Q2 2018 | +0.0% | +0.5% | +6.7% | |
| Q1 2018 | +0.0% | +0.7% | -2.9% | |
| Q3 2017 | +0.0% | +2.1% | +2.5% | |
| Q2 2017 | +0.0% | +1.5% | +2.8% | |
| Q1 2017 | -0.4% | -0.9% | -1.3% | |
| Q3 2016 | +0.6% | +0.4% | +0.3% | |
| Q2 2016 | +1.9% | +0.1% | +1.5% | |
| Q4 2014 | — | — | — | |
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| Q4 2009 | — | — | — | |
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| Q2 2009 | — | — | — | |
| Q3 2008 | — | — | — | |
| Q3 2009 | — | — | — |
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