Filing Flows › Berkshire Hathaway (BRK-B) › Q3 2026 › vs Q2 2026
Berkshire Hathaway (BRK-B) Q3 2026 vs Q2 2026 (quarter over quarter)
Berkshire Hathaway's revenue rose $3.8B (+4%) from $101.8B in Q2 2026 to $105.6B in Q3 2026. The biggest changes: Manufacturing Businesses +$1.4B (+6%); Pilot Travel Centers LLC +$1.2B (+8%); Berkshire Hathaway Energy Company +$1.0B (+15%). Operating margin 13.5% against 15.5% (-2.0 pts).
Berkshire Hathaway, Q3 2026: revenue $105.6B (+11% year over year), operating margin 13.5%, net earnings $22.1B, operating cash flow $12.3B. The chart draws each line against Q2 2026, the increases inside each band.
Margins
| Q3 2026 | Q2 2026 | Change | |
|---|---|---|---|
| Operating margin | 13.5% | 15.5% | -2.0 pts |
| Net margin | 20.9% | 25.2% | -4.3 pts |
| Free cash flow margin | 6.4% | 5.5% | +0.9 pts |
Every line
| Line | Q3 2026 | Q2 2026 | Change | % |
|---|---|---|---|---|
| Insurance Corporate and Other | $26.9B | $27.3B | −$448M | -2% |
| Manufacturing Businesses | $24.0B | $22.5B | $1.4B | +6% |
| Pilot Travel Centers LLC | $16.1B | $14.9B | $1.2B | +8% |
| Mc Lane Company | $12.1B | $11.9B | $242M | +2% |
| Service and Retailing Businesses | $11.9B | $11.9B | $86.0M | +0.7% |
| Berkshire Hathaway Energy Company | $7.8B | $6.7B | $1.0B | +15% |
| Burlington Northern Santa Fe Corporation | $6.9B | $6.6B | $291M | +4% |
| Revenue | $105.6B | $101.8B | $3.8B | +4% |
| Other income, net | $12.9B | $16.3B | −$3.4B | -21% |
| Operating profit | $14.2B | $15.7B | −$1.5B | -10% |
| Costs & expenses | $91.4B | $86.1B | $5.4B | +6% |
| Pre-tax earnings | $27.1B | $32.1B | −$4.9B | -15% |
| Net earnings | $22.1B | $25.7B | −$3.6B | -14% |
| Minority interests | $74.0M | $105M | −$31.0M | -30% |
| Income tax | $5.0B | $6.3B | −$1.3B | -21% |
| Depreciation & amortization | $3.6B | $3.6B | −$29.0M | -0.8% |
| Working capital & other | $13.4B | $18.1B | −$4.6B | -26% |
| Operating cash flow | $12.3B | $11.2B | $1.0B | +9% |
| Free cash flow (OCF − capex) | $6.8B | $5.6B | $1.2B | +21% |
| Capital expenditures | $5.5B | $5.6B | −$139M | -2% |
Questions
How much did Berkshire Hathaway's revenue grow quarter over quarter in Q3 2026?
Berkshire Hathaway's revenue rose $3.8B (+4%) from $101.8B in Q2 2026 to $105.6B in Q3 2026.
What drove Berkshire Hathaway's revenue change in Q3 2026?
Manufacturing Businesses +$1.4B (+6%); Pilot Travel Centers LLC +$1.2B (+8%); Berkshire Hathaway Energy Company +$1.0B (+15%).