Berkshire Hathaway Inc. (BRK-B) Income Statement
BRK-B 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsBRK-B revenue and net income
Where BRK-B's revenue goes
2025Each bar shows an amount and its share of revenue. BRK-B kept 18.0% of revenue as net income.
BRK-B profit margins
BRK-B growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +0.0% | +7.1% | +8.6% | +5.8% |
| Gross profit | +1.4% | −21.0% | −21.1% | −8.4% |
| Operating income | −0.9% | +16.4% | −0.1% | +5.4% |
| Net income | −24.8% | — | +9.5% | +10.8% |
| EPS (diluted) | +9.4% | +19.8% | +21.4% | +13.1% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
BRK-B quarterly EPS vs estimates
Berkshire Hathaway beat the analyst EPS estimate in 5 of the last 8 quarters.
BRK-B income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $371.44B | $371.43B | $364.48B | $302.09B | $354.64B | $245.51B | $254.62B | $247.84B | $242.14B | $223.60B |
| Cost of revenue | $283.67B | $284.86B | $293.54B | $124.32B | $114.14B | $101.09B | $107.04B | $106.08B | $133.83B | $125.40B |
| Gross profit | $87.78B | $86.58B | $70.95B | $177.77B | $354.64B | $286.26B | $327.22B | $247.84B | $242.14B | $223.60B |
| Sales, general & admin | $37.42B | $32.71B | $31.50B | $25.06B | $23.04B | $23.33B | $23.32B | $22.30B | $34.42B | $19.96B |
| Total operating expenses | $28.89B | $27.14B | $22.82B | $264.77B | $242.95B | $74.29B | $105.71B | $221.38B | $218.30B | $189.94B |
| Operating income | $58.88B | $59.44B | $48.12B | $37.32B | $111.69B | $59.04B | $106.28B | $26.46B | $23.84B | $33.67B |
| Interest income | $23.26B | $21.82B | $14.28B | $66.04B | $7.46B | $8.09B | $9.24B | $7.68B | $6.58B | $6.18B |
| Interest expense | $5.07B | $5.20B | $5.00B | $4.35B | $4.17B | $4.08B | $3.96B | $3.85B | $5.39B | $3.50B |
| Income before taxes | $82.46B | $110.38B | $120.17B | −$30.58B | $111.69B | $55.69B | $102.70B | $4.00B | $23.84B | $33.67B |
| Income taxes | $15.20B | $20.82B | $23.02B | −$8.52B | $20.88B | $12.44B | $20.90B | −$321.0M | −$21.52B | $9.24B |
| Net income | $66.97B | $89.00B | $96.22B | −$22.82B | $89.80B | $42.52B | $81.42B | $4.02B | $44.94B | $24.07B |
| EBITDA | $72.36B | $72.29B | $60.61B | −$16.09B | −$71.71B | $69.64B | $116.35B | $17.33B | $38.01B | $45.71B |
| EPS (diluted) | $24.06 | $21.99 | $17.19 | $13.98 | $12.12 | $9.14 | $9.78 | $10.04 | $5.86 | $7.14 |
| Gross margin | 23.6% | 23.3% | 19.5% | 58.8% | 100.0% | 116.6% | 128.5% | 100.0% | 100.0% | 100.0% |
| Operating margin | 15.9% | 16.0% | 13.2% | 12.4% | 31.5% | 24.0% | 41.7% | 10.7% | 9.8% | 15.1% |
| Net margin | 18.0% | 24.0% | 26.4% | −7.6% | 25.3% | 17.3% | 32.0% | 1.6% | 18.6% | 10.8% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $101.81B | $93.67B | $94.23B | $94.97B | $92.52B | $89.72B | $94.92B | $93.00B | $93.65B | $89.87B | $93.38B | $63.43B |
| Cost of revenue | $78.01B | $72.07B | $72.55B | $71.59B | $70.20B | $69.33B | $68.53B | $30.32B | $73.20B | $69.67B | $75.61B | $31.05B |
| Gross profit | $23.80B | $21.61B | $21.68B | $23.38B | $22.32B | $20.39B | $26.39B | $8.54B | $20.45B | $20.19B | $17.77B | $32.38B |
| Sales, general & admin | $8.87B | $6.56B | $9.87B | $6.29B | $9.82B | $9.57B | $10.21B | $16.42B | $6.93B | $7.23B | $11.35B | $6.61B |
| Total operating expenses | $6.30B | $6.23B | $8.70B | $6.72B | $6.73B | $7.68B | $9.99B | $50.90B | $5.78B | $6.32B | $6.00B | $49.60B |
| Operating income | $17.49B | $15.37B | $12.98B | $16.66B | $15.58B | $12.71B | $16.40B | −$42.36B | $14.67B | $13.87B | $11.77B | $12.56B |
| Interest income | $5.86B | $5.43B | $5.93B | $22.27B | $5.38B | $5.63B | $6.38B | $5.90B | $5.25B | $4.30B | $4.44B | $29.52B |
| Interest expense | $1.33B | $1.30B | $1.30B | $325.0M | $1.25B | $1.26B | $1.44B | $1.21B | $1.23B | $1.32B | $1.28B | $1.26B |
| Income before taxes | $32.06B | $12.32B | $24.46B | $38.10B | $14.75B | $5.15B | $24.02B | $32.29B | $38.14B | $15.71B | $46.94B | −$16.96B |
| Income taxes | $6.29B | $2.14B | $5.19B | $7.24B | $2.29B | $476.0M | $4.27B | $6.03B | $7.64B | $2.87B | $9.18B | −$4.39B |
| Net income | $25.67B | $10.11B | $19.20B | $30.80B | $12.37B | $4.60B | $19.69B | $26.25B | $30.35B | $12.70B | $37.57B | −$12.77B |
| EBITDA | $21.10B | $18.88B | $16.53B | $20.00B | $18.91B | $15.98B | $19.69B | $36.93B | $17.87B | $17.04B | $14.90B | $12.56B |
| EPS (diluted) | $6.03 | $5.26 | $4.73 | $6.26 | $8.60 | $4.47 | $6.73 | $4.68 | $5.38 | $5.20 | $3.92 | $4.96 |
| Gross margin | 23.4% | 23.1% | 23.0% | 24.6% | 24.1% | 22.7% | 27.8% | 9.2% | 21.8% | 22.5% | 19.0% | 51.1% |
| Operating margin | 17.2% | 16.4% | 13.8% | 17.5% | 16.8% | 14.2% | 17.3% | −45.6% | 15.7% | 15.4% | 12.6% | 19.8% |
| Net margin | 25.2% | 10.8% | 20.4% | 32.4% | 13.4% | 5.1% | 20.7% | 28.2% | 32.4% | 14.1% | 40.2% | −20.1% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in BRK-B's financial statements (latest annual report filed March 2, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
BRK-B financial results
In fiscal year 2025 (ended December 31, 2025), Berkshire Hathaway reported revenue of $371.4 billion, up 0.0% from the year before. It had net income of $67.0 billion (down 24.8%), a net profit margin of 18.0%. Diluted earnings per share came to $24.06. Over five years revenue grew at an average rate of 8.6% a year.
See the BRK-B stock overview for the latest quote and news, or the BRK-B chart for price history and technical indicators.
BRK-B income statement FAQ
What is Berkshire Hathaway's annual revenue?
Berkshire Hathaway reported total revenue of $371.4 billion for fiscal year 2025, which ended on December 31, 2025. That was up 0.0% from $371.4 billion the previous year.
Is Berkshire Hathaway profitable?
Yes. Berkshire Hathaway reported net income of $67.0 billion in fiscal 2025, a net profit margin of 18.0%; its operating margin was 15.9%.
What is Berkshire Hathaway's gross margin?
Berkshire Hathaway's gross margin was 23.6% in fiscal 2025: for every $100 of revenue, Berkshire Hathaway kept $24 after the direct cost of its products and services.
How fast is Berkshire Hathaway growing?
Revenue grew 8.6% a year on average over the last five fiscal years, from $245.5 billion to $371.4 billion.
What are Berkshire Hathaway's earnings per share?
Berkshire Hathaway earned $24.06 per diluted share in fiscal 2025, compared with $21.99 a year earlier.
When does Berkshire Hathaway's fiscal year end?
Berkshire Hathaway's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on March 2, 2026.