Filing Flows › Berkshire Hathaway (BRK-B) › Q2 2026 › vs Q2 2025
Berkshire Hathaway (BRK-B) Q2 2026 vs Q2 2025 (year over year)
Berkshire Hathaway's revenue rose $9.3B (+10%) from $92.5B in Q2 2025 to $101.8B in Q2 2026. The biggest changes: Pilot Travel Centers LLC +$4.8B (+48%); Manufacturing Businesses +$2.6B (+13%); Service and Retailing Businesses +$1.2B (+11%). Operating margin 15.5% against 14.2% (+1.3 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 Q2 2025, the increases inside each band.
Margins
| Q2 2026 | Q2 2025 | Change | |
|---|---|---|---|
| Operating margin | 15.5% | 14.2% | +1.3 pts |
| Net margin | 25.2% | 13.4% | +11.8 pts |
| Free cash flow margin | 5.5% | 5.6% | -0.2 pts |
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| Insurance Corporate and Other | $27.3B | $27.3B | $51.0M | +0.2% |
| Manufacturing Businesses | $22.5B | $19.9B | $2.6B | +13% |
| Pilot Travel Centers LLC | $14.9B | $10.1B | $4.8B | +48% |
| Mc Lane Company | $11.9B | $12.4B | −$511M | -4% |
| Service and Retailing Businesses | $11.9B | $10.7B | $1.2B | +11% |
| Berkshire Hathaway Energy Company | $6.7B | $6.4B | $325M | +5% |
| Burlington Northern Santa Fe Corporation | $6.6B | $5.7B | $831M | +14% |
| Revenue | $101.8B | $92.5B | $9.3B | +10% |
| Other income, net | $16.3B | $1.6B | $14.7B | +908% |
| Operating profit | $15.7B | $13.1B | $2.6B | +20% |
| Costs & expenses | $86.1B | $79.4B | $6.7B | +8% |
| Pre-tax earnings | $32.1B | $14.8B | $17.3B | +117% |
| Net earnings | $25.7B | $12.4B | $13.3B | +107% |
| Minority interests | $105M | $87.0M | $18.0M | +21% |
| Income tax | $6.3B | $2.3B | $4.0B | +174% |
| Depreciation & amortization | $3.6B | $3.3B | $277M | +8% |
| Working capital & other | $18.1B | $5.6B | $12.4B | +222% |
| Operating cash flow | $11.2B | $10.1B | $1.1B | +11% |
| Free cash flow (OCF − capex) | $5.6B | $5.2B | $343M | +7% |
| Capital expenditures | $5.6B | $4.9B | $787M | +16% |
Questions
How much did Berkshire Hathaway's revenue grow year over year in Q2 2026?
Berkshire Hathaway's revenue rose $9.3B (+10%) from $92.5B in Q2 2025 to $101.8B in Q2 2026.
What drove Berkshire Hathaway's revenue change in Q2 2026?
Pilot Travel Centers LLC +$4.8B (+48%); Manufacturing Businesses +$2.6B (+13%); Service and Retailing Businesses +$1.2B (+11%).