Filing Flows › Berkshire Hathaway (BRK-B) › Q2 2026 › vs Q1 2026
Berkshire Hathaway (BRK-B) Q2 2026 vs Q1 2026 (quarter over quarter)
Berkshire Hathaway's revenue rose $8.1B (+9%) from $93.7B in Q1 2026 to $101.8B in Q2 2026. The biggest changes: Pilot Travel Centers LLC +$3.7B (+33%); Manufacturing Businesses +$1.9B (+9%); Service and Retailing Businesses +$897M (+8%). Operating margin 15.5% against 14.7% (+0.8 pts).
Berkshire Hathaway, Q2 2026: revenue $101.8B (+10% year over year), operating margin 15.5%, net earnings $25.7B, operating cash flow $11.2B. The chart draws each line against Q1 2026, the increases inside each band.
Margins
| Q2 2026 | Q1 2026 | Change | |
|---|---|---|---|
| Operating margin | 15.5% | 14.7% | +0.8 pts |
| Net margin | 25.2% | 10.8% | +14.4 pts |
| Free cash flow margin | 5.5% | 5.8% | -0.3 pts |
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| Insurance Corporate and Other | $27.3B | $26.5B | $849M | +3% |
| Manufacturing Businesses | $22.5B | $20.6B | $1.9B | +9% |
| Pilot Travel Centers LLC | $14.9B | $11.2B | $3.7B | +33% |
| Mc Lane Company | $11.9B | $11.8B | $129M | +1% |
| Service and Retailing Businesses | $11.9B | $11.0B | $897M | +8% |
| Berkshire Hathaway Energy Company | $6.7B | $6.7B | $72.0M | +1% |
| Burlington Northern Santa Fe Corporation | $6.6B | $6.0B | $612M | +10% |
| Revenue | $101.8B | $93.7B | $8.1B | +9% |
| Other income, net | $16.3B | −$1.4B | $17.8B | — |
| Operating profit | $15.7B | $13.7B | $2.0B | +14% |
| Costs & expenses | $86.1B | $79.9B | $6.1B | +8% |
| Pre-tax earnings | $32.1B | $12.3B | $19.7B | +160% |
| Net earnings | $25.7B | $10.1B | $15.6B | +154% |
| Minority interests | $105M | $73.0M | $32.0M | +44% |
| Income tax | $6.3B | $2.1B | $4.2B | +194% |
| Depreciation & amortization | $3.6B | $3.5B | $96.0M | +3% |
| Working capital & other | $18.1B | $3.2B | $14.9B | +468% |
| Operating cash flow | $11.2B | $10.4B | $777M | +7% |
| Free cash flow (OCF − capex) | $5.6B | $5.5B | $118M | +2% |
| Capital expenditures | $5.6B | $5.0B | $659M | +13% |
Questions
How much did Berkshire Hathaway's revenue grow quarter over quarter in Q2 2026?
Berkshire Hathaway's revenue rose $8.1B (+9%) from $93.7B in Q1 2026 to $101.8B in Q2 2026.
What drove Berkshire Hathaway's revenue change in Q2 2026?
Pilot Travel Centers LLC +$3.7B (+33%); Manufacturing Businesses +$1.9B (+9%); Service and Retailing Businesses +$897M (+8%).