NYSE$BRK-B

Berkshire Hathaway Inc · Q3 2025 earnings

Q3 2025 earnings · · Before market open · Investor relations

Briefing

BRK-B reported Q3 2025, revenue of $94.97B, net income of $30.80B, diluted EPS of $14.28.

For Q3 2025, BRK-B reported revenue of $94.97B, net income of $30.80B, diluted EPS was $14.28. Management discusses segment performance, capital allocation, and outlook in the earnings filing.

  • Revenue $94.97B.
  • Net income $30.80B.
  • Diluted EPS $14.28.

Headline financials

Total Revenue

$95B

Previous: $93B+2.1%
EPS (adj)

$14.28

No prior period
Class A EPS

$21.4K

No prior period
Class B EPS

$14.28

No prior period
Insurance Float

$176B

No prior period
Capital Expenditures

-$14.7B

Previous: -$13.6B-8.0%
Free Cash Flow

$20.1B

Previous: $12.3B+62.5%
Net Income

$30.8B

Previous: $26.3B+17.3%
Operating Income

$93B

Previous: $91.2B+2.0%
Gross Profit

$94.7B

Previous: $92.8B+2.0%
Cash & Equivalents

$38.4B

Previous: $3.6B+966.7%
Total Assets

$1.23T

Previous: $1.15T+6.9%

Revenue & EPS history

Berkshire Hathaway · Revenue · Quarterly

$95B

Q3 2025+2.1%vs Q3 2024
Beat estimate in 5 of 5 quarters(100%)
ActualEstimate

Forward guidance

The release discusses BRK-B's outlook for upcoming periods, including capital allocation, operating priorities, and market risks, without relying solely on numeric EPS bridges.

Tailwinds

  • BRK-B cites operational execution and demand trends supporting the outlook.
  • Balance sheet and liquidity actions aim to fund growth and returns.

Headwinds

  • Macro, pricing, and input-cost volatility could pressure margins.
  • Segment mix and one-time items may affect quarter-to-quarter comparability.

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 Q3 2025

Historical avgQ3 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

Earnings price reactions
QuarterReport dateReaction (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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