NYSE$BRK-B
Berkshire Hathaway Inc · Q2 2025 earnings
Q2 2025 earnings · · Before market open · Investor relations
Briefing
Berkshire Hathaway reported Q2 2025 total revenues of $92.5B with net earnings attributable to Berkshire shareholders of $12.4B.
Total revenues were $92.5 billion across insurance, railroad, utilities, and other operations. Net earnings attributable to Berkshire shareholders were $12.4 billion; diluted EPS on Class A equivalent was $8.60. Investment gains and insurance underwriting contributed to results alongside operating businesses.
- Q2 total revenues $92.5B.
- Net earnings attributable to Berkshire shareholders $12.4B.
- Insurance and industrial operations anchor operating earnings.
- Investment portfolio marks add earnings volatility.
Headline financials
Revenue & EPS history
Berkshire Hathaway · Revenue · Quarterly
$92.5B
Forward guidance
Berkshire discusses insurance underwriting, capital allocation, and operating business performance without quarterly EPS guidance.
Tailwinds
- Insurance float and investment income optionality.
- Diverse operating subsidiaries and cash generation.
Headwinds
- Catastrophe losses and investment mark volatility.
- Large deal timing uncertainty.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q2 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 |
|---|---|---|---|---|
| Q2 2026 | — | — | — | |
| 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 | — | — | — | |
| Q3 2013 | — | — | — | |
| Q2 2013 | — | — | — | |
| Q1 2013 | — | — | — | |
| Q4 2012 | — | — | — | |
| Q2 2012 | — | — | — | |
| Q3 2012 | — | — | — | |
| Q1 2012 | — | — | — | |
| Q4 2011 | — | — | — | |
| Q3 2011 | — | — | — | |
| Q2 2011 | — | — | — | |
| Q1 2011 | — | — | — | |
| Q4 2009 | — | — | — | |
| Q4 2010 | — | — | — | |
| Q3 2010 | — | — | — | |
| Q2 2010 | — | — | — | |
| Q1 2009 | — | — | — | |
| Q1 2010 | — | — | — | |
| Q2 2009 | — | — | — | |
| Q3 2008 | — | — | — | |
| Q3 2009 | — | — | — |
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