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Sep 30
Berkshire Hathaway Q3 2025 Earnings Report
Berkshire Hathaway reported strong Q3 2025 results with solid revenue growth and operating earnings.
Key Takeaways
In Q3 2025, Berkshire Hathaway generated $93.2 billion in revenue and $30.8 billion in net income attributable to shareholders, driven by investment gains and strong performance across key business units.
Total revenue for the quarter was $93.2 billion, up from $85.9 billion in Q3 2024.
Adjusted EPS was $9,376.15 per Class A share.
Insurance (underwriting and investment) accounted for over half of total operating earnings.
Net income attributable to shareholders was $30.8 billion, with GAAP EPS of $21,413.
Berkshire Hathaway
Berkshire Hathaway
Berkshire Hathaway Revenue by Segment
Berkshire Hathaway Revenue by Geographic Location
Revenue by Segment
Insurance Underwriting Revenue
CapyFin.comInsurance Investment Revenue
CapyFin.comBNSF Revenue
CapyFin.comBerkshire Hathaway Energy Revenue
CapyFin.comOther Businesses Revenue
CapyFin.comNon-controlled Businesses Revenue
CapyFin.comRevenue by Geographic Location
United States Revenue
CapyFin.comEurope Revenue
CapyFin.comAsia Pacific Revenue
CapyFin.comRest of World Revenue
CapyFin.com Forward Guidance
Berkshire Hathaway did not provide specific forward guidance, but strength in insurance and cash position supports a positive outlook.
Positive Outlook
- Revenue grew 8% YoY compared to Q3 2024
- Insurance float increased to $176B
- Strong BNSF performance with $6.16B in revenue
- Investment gains contributed significantly to net income
- High liquidity with $37.96B in cash
Challenges Ahead
- Revenue decline at Berkshire Hathaway Energy
- Flat operating income year-over-year
- Asia-Pacific growth lagged behind U.S.
- No share repurchase or M&A updates
- No detailed forward guidance provided