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 20 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
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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