Berkshire Hathaway Inc.
Financial Performance
Berkshire Hathaway Revenue & Financials
Revenue
$371.4B (FY2025)
Market Cap
$1.07T
Net Income
$67B
Employees
387,800
What is Berkshire Hathaway's revenue?
Berkshire Hathaway had $371.4B in revenue for fiscal year 2025, up 0% from 2024. Net income was $67B.
- Latest revenue
- $371.4B (FY2025)
- Year-over-year
- +0%
- Growth rate (CAGR)
- 6.3% over 9 years
- Peak revenue
- $371.4B (FY2025)
- Years of data
- 10
- Employees
- 387,800
- How much profit does Berkshire Hathaway make?
- Berkshire Hathaway reported net income of $67B for fiscal year 2025. sec.gov
- How many employees does Berkshire Hathaway have?
- Berkshire Hathaway has about 387,800 employees.
Financial Analysis
Berkshire reported 2025 revenue of $371.444 billion, operating earnings of $44.486 billion (down from $47.437 billion in 2024 and above the five-year average of about $37.5 billion), and net earnings attributable to shareholders of $66.968 billion. GAAP net earnings swing with the equity portfolio: 2025 included $30.737 billion of after-tax investment gains and $8.255 billion of after-tax impairments on Kraft Heinz and Occidental. The businesses produced $46 billion of net cash from operating activities. Insurance earned $9.460 billion of pre-tax underwriting profit, with GEICO contributing $6.824 billion, and insurance float grew to $176 billion from $171 billion a year earlier. Shareholders' equity ended 2025 at $717.4 billion, up $68.1 billion, and the insurance and other businesses held $369.0 billion of cash, cash equivalents and US Treasury Bills. Berkshire repurchased no stock in 2025 and has paid no dividend since 1967. Berkshire Hathaway is one of the most valuable companies in the world, boasting a monumental market capitalization often exceeding $900 billion.
Revenue Trend Analysis
YoY Change
+0%
9-Year CAGR
+6.3%
Peak Year
2025
Trend
Consistent Growth
Berkshire Hathaway Inc. has 10 full fiscal year figures on this page, compounding at +6.3% annually over 9 years. The most recent year saw a 0% increase versus the prior year. Annual revenue peaked in fiscal year 2025 at $371.4B. Of 9 comparable year-over-year steps, 8 showed growth and 1 showed a decline.
Annual revenue history
| Fiscal Year | Revenue | Net Income | YoY Change | Source |
|---|---|---|---|---|
| FY2025 | $371.4B | $67B | +0.0% | Berkshire Hathaway FY2025 Form 10-K Revenues of $371.444B and net earnings of $66.968B; operating earnings of $44.486B and $8.255B of after-tax impairments on Kraft Heinz and Occidental. |
| FY2024 | $371.4B | $89B | +1.9% | Berkshire Hathaway FY2025 Form 10-K Revenues of $371.433B and net earnings of $88.995B; operating earnings reached $47.437B. |
| FY2023 | $364.5B | $96.2B | +20.7% | Berkshire Hathaway FY2025 Form 10-K Revenues of $364.482B and net earnings of $96.223B, Berkshire's highest reported annual net earnings. |
| FY2022 | $302B | -$22.8B | +9.4% | SEC EDGAR XBRL company facts (Berkshire 10-K filings) Revenues of $302.020B with a net loss of $22.759B, caused by unrealized losses on equity holdings rather than operating results. |
| FY2021 | $276.2B | $89.9B | +12.5% | SEC EDGAR XBRL company facts (Berkshire 10-K filings) Revenues of $276.185B and net earnings of $89.937B as operating businesses recovered and equity markets rose. |
| FY2020 | $245.6B | $42.5B | -3.5% | SEC EDGAR XBRL company facts (Berkshire 10-K filings) Revenues fell to $245.579B in the pandemic year; net earnings of $42.521B absorbed a write-down tied to Precision Castparts. |
| FY2019 | $254.6B | $81.4B | +2.7% | SEC EDGAR XBRL company facts (Berkshire 10-K filings) Revenues of $254.616B and net earnings of $81.417B, lifted by unrealized gains on the equity portfolio. |
| FY2018 | $247.8B | $4B | +3.3% | SEC EDGAR XBRL company facts (Berkshire 10-K filings) Revenues of $247.837B; net earnings fell to $4.021B as new accounting rules pushed unrealized equity losses through the income statement. |
| FY2017 | $239.9B | $44.9B | +11.5% | SEC EDGAR XBRL company facts (Berkshire 10-K filings) Revenues of $239.933B; net earnings of $44.940B included a one-time benefit from the December 2017 cut in the US corporate tax rate. |
| FY2016 | $215.1B | $24.1B | — | SEC EDGAR XBRL company facts (Berkshire 10-K filings) Revenues of $215.114B and net earnings attributable to Berkshire shareholders of $24.074B, the year Precision Castparts was added. |
Click any row to see year details.
Berkshire Hathaway Inc. balance sheet and cash flow
Balance-sheet figures are as of each fiscal year end; cash-flow figures cover the fiscal year. Taken from the company's annual report on Form 10-K, linked on each row. Free cash flow here is operating cash flow less capital expenditures, calculated by CorpDigest.
| Fiscal Year | Operating cash flow | Capital expenditures | Total assets | Total liabilities | Shareholders' equity | Free cash flow | Source |
|---|---|---|---|---|---|---|---|
| FY2025ended Dec 31, 2025 | $46B | $20.9B | $1.22T | $502.5B | $717.4B | $25B | Form 10-K |
| FY2024ended Dec 31, 2024 | $30.6B | $19B | $1.15T | $502.2B | $649.4B | $11.6B | Form 10-K |
| FY2023ended Dec 31, 2023 | $49.2B | $19.4B | $1.07T | $499.2B | $561.3B | $29.8B | Form 10-K |
| FY2022ended Dec 31, 2022 | $37.4B | $15.5B | $948.5B | $466.8B | $473.4B | $21.9B | Form 10-K |
| FY2021ended Dec 31, 2021 | $39.4B | $13.3B | $959.4B | — | $506.2B | $26.2B | Form 10-K |
| FY2020ended Dec 31, 2020 | $39.8B | $13B | $873.7B | $422.4B | $443.2B | $26.8B | Form 10-K |
| FY2019ended Dec 31, 2019 | $38.7B | $16B | $817.7B | $389.2B | $424.8B | $22.7B | Form 10-K |
| FY2018ended Dec 31, 2018 | $37.4B | $14.5B | $707.8B | $355.3B | $348.7B | $22.9B | Form 10-K |
| FY2017ended Dec 31, 2017 | $45.7B | $11.7B | $702.1B | $350.1B | $348.3B | $34B | Form 10-K |
| FY2016ended Dec 31, 2016 | $32.6B | $13B | $620.9B | $335.4B | $282.1B | $19.7B | Form 10-K |
Keep researching Berkshire Hathaway
Berkshire Hathaway Revenue and Financial FAQ
What were Berkshire Hathaway's revenues and operating earnings in 2025?
Revenue was $371.444 billion, close to the $371.433 billion reported for 2024. Operating earnings were $44.486 billion, down from $47.437 billion in 2024 and above the roughly $37.5 billion averaged over the previous five years.
What was Berkshire's reported net income in 2025 and why is it volatile?
Net earnings attributable to Berkshire shareholders were $66.968 billion, against $88.995 billion in 2024. Accounting rules push unrealized gains and losses on the equity portfolio through net income, so the 2025 figure includes $30.737 billion of after-tax investment gains and $8.255 billion of after-tax impairments on Kraft Heinz and Occidental.
How much cash and Treasury Bills does Berkshire hold?
Berkshire's insurance and other businesses held $369.0 billion of cash, cash equivalents and US Treasury Bills, net of payables for unsettled purchases, at December 31, 2025. Abel wrote that cash and Treasury holdings exceeded $370 billion.
What is Berkshire Hathaway's shareholders' equity?
Shareholders' equity was $717.4 billion at December 31, 2025, an increase of $68.1 billion during the year, against total assets of $1.222 trillion.
Why does Berkshire Hathaway not pay a dividend?
It has not declared a cash dividend since 1967. Management's position is that retained earnings compound at a higher rate inside the company than shareholders would achieve after tax, and shareholders who want income can sell a small part of their holding.
What is Berkshire Hathaway's share repurchase policy?
Berkshire buys back Class A and B shares when the chief executive, after consulting the chairman, judges the price to be below intrinsic value, conservatively determined. The program was amended in 2025 to move that judgment from Buffett to the CEO. No shares were repurchased during 2025, and buybacks may not reduce consolidated cash, cash equivalents and Treasury Bills below $30 billion.
How much dividend income does Berkshire receive from its investments?
Its four longest-held US positions alone paid $1.668 billion in 2025: Coca-Cola $816 million, American Express $479 million, Apple $280 million and Moody's $93 million. The five Japanese trading companies paid a further $862 million.
How did GEICO perform in 2025?
GEICO earned $6.824 billion of pre-tax underwriting profit, after $7.813 billion in 2024 and $3.635 billion in 2023. Written premiums rose 5.3% as policies in force increased, and GEICO is the third largest US private passenger auto insurer at about 11.6% of written premiums.
How much cash does Berkshire Hathaway have?
Berkshire famously holds a staggering cash hoard (often exceeding $150 billion), keeping massive reserves on hand to execute "elephant-sized" acquisitions during market panics.
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Using these figures? Please credit CorpDigest with a link.
CorpDigest. "Berkshire Hathaway Revenue & Financials." CorpDigest, https://corpdigest.com/company/berkshire-hathaway/financials.<div style="font-family:system-ui,sans-serif;font-size:14px;line-height:1.5;border:1px solid #e2e8f0;border-radius:8px;padding:12px 16px;max-width:520px"><strong>Berkshire Hathaway reported $371.4B in revenue (FY2025).</strong><br>Source: <a href="https://corpdigest.com/company/berkshire-hathaway/financials" target="_blank" rel="noopener">CorpDigest — Berkshire Hathaway financials</a></div>Related Financial Audits
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