NYSE$BRK-B

Berkshire Hathaway Inc · Q3 2024 earnings

Q3 2024 earnings · · Investor relations

Briefing

Berkshire Hathaway's Q3 2024 results reflected a significant increase in net earnings, driven by investment gains, while operating earnings experienced a slight decrease compared to the previous year.

Berkshire Hathaway reported a net earnings increase driven by investment gains, while operating earnings saw a slight decrease. The company's insurance float increased, and it continued to repurchase shares.

  • Net earnings attributable to Berkshire shareholders were $26.251 billion, compared to a loss of $12.767 billion in the same quarter last year.
  • Operating earnings were $10.090 billion, slightly lower than the $10.761 billion reported in the third quarter of 2023.
  • Investment gains were $16.161 billion, a significant turnaround from the $23.528 billion loss in the prior year's quarter.
  • Insurance float increased to approximately $174 billion, up $5 billion from year-end 2023.

Headline financials

Total Revenue

$93B

Previous: $93.2B-0.2%
Capital Expenditures

-$13.6B

Previous: -$13.7B+0.5%
Free Cash Flow

$12.3B

Previous: $21.1B-41.5%
Net Income

$26.3B

Previous: -$12.8B+305.6%
Operating Income

$91.2B

Previous: $91.4B-0.3%
Gross Profit

$92.8B

Previous: $93.1B-0.3%
Cash & Equivalents

$3.6B

No prior period
Total Assets

$1.15T

Previous: $1.02T+12.5%

Revenue & EPS history

Berkshire Hathaway · Revenue · Quarterly

$93B

Q3 2024-0.2%vs Q3 2023
Beat estimate in 5 of 5 quarters(100%)
ActualEstimate

Forward guidance

This press release contains forward-looking statements that are subject to risks and uncertainties, and actual results may differ materially from those forecasted.

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 Q3 2024

Historical avgQ3 2024

+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

Earnings price reactions
QuarterReport dateReaction (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
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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