Filing Flows › Berkshire Hathaway (BRK-B) › Q2 2025
Berkshire Hathaway (BRK-B) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 4, 2025
Berkshire Hathaway (BRK-B) reported revenue of $92.5B for the second quarter 2025 (Q2 2025), -1% from a year earlier and +3% from the quarter before. Operating margin was 14.2%, net earnings $12.4B (13.4% of revenue).
Berkshire Hathaway, Q2 2025: revenue $92.5B (-1% year over year), operating margin 14.2%, net earnings $12.4B, operating cash flow $10.1B. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $92.5B | +3% | -1% |
| Operating profit | $13.1B | +15% | -6% |
| Net earnings | $12.4B | +169% | -59% |
| Operating cash flow | $10.1B | -8% | -26% |
| Free cash flow | $5.2B | -21% | -42% |
What changed
Revenue was $92.5B in Q2 2025, down 1% year over year and up 3% from the previous quarter. Insurance Corporate and Other was the largest line at 29% of revenue. Pilot Travel Centers LLC lost $2.9B year over year (down 22%), 254% of the total change.
Operating profit was $13.1B, a 14.2% margin (down 0.8 points year over year). Total costs fell 0% while revenue fell 1%. Net earnings were $12.4B, down 59% year over year. The effective tax rate was 15.5%.
Operating cash flow was $10.1B (down 26% year over year), 81% of net earnings. Non-cash charges added back $3.3B of depreciation and amortization. Working capital and other items used $5.7B. Capital expenditures of $4.9B left free cash flow of $5.2B.
Questions
What was Berkshire Hathaway's revenue in the second quarter 2025?
Berkshire Hathaway (BRK-B) reported revenue of $92.5B for the second quarter 2025 (Q2 2025), -1% from a year earlier and +3% from the quarter before.
Was Berkshire Hathaway profitable in the second quarter 2025?
Operating profit was $13.1B (14.2% of revenue) and net earnings $12.4B.
Source: Berkshire Hathaway 10-Q on SEC EDGAR.