Filing Flows › Berkshire Hathaway (BRK-B) › Q2 2026
Berkshire Hathaway (BRK-B) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 10, 2026
Berkshire Hathaway (BRK-B) reported revenue of $101.8B for the second quarter 2026 (Q2 2026), +10% from a year earlier and +9% from the quarter before. Operating margin was 15.5%, net earnings $25.7B (25.2% of revenue).
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 follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $101.8B | +9% | +10% |
| Operating profit | $15.7B | +14% | +20% |
| Net earnings | $25.7B | +154% | +107% |
| Operating cash flow | $11.2B | +7% | +11% |
| Free cash flow | $5.6B | +2% | +7% |
What changed
Revenue was $101.8B in Q2 2026, up 10% year over year and up 9% from the previous quarter. Insurance Corporate and Other was the largest line at 27% of revenue. Pilot Travel Centers LLC added $4.8B year over year (up 48%), 52% of the total change. Mc Lane Company declined 4%.
Operating profit was $15.7B, a 15.5% margin (up 1.3 points year over year). Of the extra revenue versus Q2 2025, 28% reached operating profit, above the 14% margin then. Total costs grew 8% against revenue growth of 10%. Net earnings were $25.7B, up 107% year over year. The effective tax rate was 19.6%. Non-operating items added $16.3B, 51% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $11.2B (up 11% year over year), 44% of net earnings. Non-cash charges added back $3.6B of depreciation and amortization. Working capital and other items used $18.2B. Capital expenditures of $5.6B left free cash flow of $5.6B.
Questions
What was Berkshire Hathaway's revenue in the second quarter 2026?
Berkshire Hathaway (BRK-B) reported revenue of $101.8B for the second quarter 2026 (Q2 2026), +10% from a year earlier and +9% from the quarter before.
Was Berkshire Hathaway profitable in the second quarter 2026?
Operating profit was $15.7B (15.5% of revenue) and net earnings $25.7B.
Source: Berkshire Hathaway 10-Q on SEC EDGAR.