Filing Flows › Berkshire Hathaway (BRK-B) › Q3 2025
Berkshire Hathaway (BRK-B) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 3, 2025
Berkshire Hathaway (BRK-B) reported revenue of $95.0B for the third quarter 2025 (Q3 2025), +2% from a year earlier and +3% from the quarter before. Operating margin was 16.7%, net earnings $30.8B (32.4% of revenue).
Berkshire Hathaway, Q3 2025: revenue $95.0B (+2% year over year), operating margin 16.7%, net earnings $30.8B, operating cash flow $13.8B. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $95.0B | +3% | +2% |
| Operating profit | $15.8B | +21% | +35% |
| Net earnings | $30.8B | +149% | +17% |
| Operating cash flow | $13.8B | +37% | +665% |
| Free cash flow | $8.2B | +57% | — |
What changed
Revenue was $95.0B in Q3 2025, up 2% year over year and up 3% from the previous quarter. Insurance Corporate and Other was the largest line at 29% of revenue. Service and Retailing Businesses added $0.74B year over year (up 8%), 37% of the total change.
Operating profit was $15.8B, a 16.7% margin (up 4.0 points year over year). Of the extra revenue versus a year earlier, 206% reached operating profit, above the 13% margin then. Total costs fell 3% while revenue rose 2%. Net earnings were $30.8B, up 17% year over year. The effective tax rate was 19.0%. Non-operating items added $22.3B, 58% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $13.8B (up 665% year over year), 45% of net earnings. Non-cash charges added back $3.3B of depreciation and amortization. Working capital and other items used $20.4B. Capital expenditures of $5.6B left free cash flow of $8.2B.
Questions
What was Berkshire Hathaway's revenue in the third quarter 2025?
Berkshire Hathaway (BRK-B) reported revenue of $95.0B for the third quarter 2025 (Q3 2025), +2% from a year earlier and +3% from the quarter before.
Was Berkshire Hathaway profitable in the third quarter 2025?
Operating profit was $15.8B (16.7% of revenue) and net earnings $30.8B.
Source: Berkshire Hathaway 10-Q on SEC EDGAR.