Filing Flows › Berkshire Hathaway (BRK-B) › Q3 2026 › vs Q3 2025
Berkshire Hathaway (BRK-B) Q3 2026 vs Q3 2025 (year over year)
Berkshire Hathaway's revenue rose $10.7B (+11%) from $95.0B in Q3 2025 to $105.6B in Q3 2026. The biggest changes: Pilot Travel Centers LLC +$5.2B (+48%); Manufacturing Businesses +$3.9B (+20%); Service and Retailing Businesses +$1.4B (+13%). Operating margin 13.5% against 16.7% (-3.2 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 Q3 2025, the increases inside each band.
Margins
| Q3 2026 | Q3 2025 | Change | |
|---|---|---|---|
| Operating margin | 13.5% | 16.7% | -3.2 pts |
| Net margin | 20.9% | 32.4% | -11.5 pts |
| Free cash flow margin | 6.4% | 8.6% | -2.2 pts |
Every line
| Line | Q3 2026 | Q3 2025 | Change | % |
|---|---|---|---|---|
| Insurance Corporate and Other | $26.9B | $27.2B | −$382M | -1% |
| Manufacturing Businesses | $24.0B | $20.0B | $3.9B | +20% |
| Pilot Travel Centers LLC | $16.1B | $10.9B | $5.2B | +48% |
| Mc Lane Company | $12.1B | $13.0B | −$830M | -6% |
| Service and Retailing Businesses | $11.9B | $10.6B | $1.4B | +13% |
| Berkshire Hathaway Energy Company | $7.8B | $7.3B | $473M | +6% |
| Burlington Northern Santa Fe Corporation | $6.9B | $6.0B | $855M | +14% |
| Revenue | $105.6B | $95.0B | $10.7B | +11% |
| Other income, net | $12.9B | $22.3B | −$9.3B | -42% |
| Operating profit | $14.2B | $15.8B | −$1.6B | -10% |
| Costs & expenses | $91.4B | $79.1B | $12.3B | +16% |
| Pre-tax earnings | $27.1B | $38.1B | −$11.0B | -29% |
| Net earnings | $22.1B | $30.8B | −$8.7B | -28% |
| Minority interests | $74.0M | $68.0M | $6.0M | +9% |
| Income tax | $5.0B | $7.2B | −$2.3B | -32% |
| Depreciation & amortization | $3.6B | $3.3B | $244M | +7% |
| Working capital & other | $13.4B | $20.3B | −$6.9B | -34% |
| Operating cash flow | $12.3B | $13.8B | −$1.5B | -11% |
| Free cash flow (OCF − capex) | $6.8B | $8.2B | −$1.4B | -18% |
| Capital expenditures | $5.5B | $5.6B | −$80.0M | -1% |
Questions
How much did Berkshire Hathaway's revenue grow year over year in Q3 2026?
Berkshire Hathaway's revenue rose $10.7B (+11%) from $95.0B in Q3 2025 to $105.6B in Q3 2026.
What drove Berkshire Hathaway's revenue change in Q3 2026?
Pilot Travel Centers LLC +$5.2B (+48%); Manufacturing Businesses +$3.9B (+20%); Service and Retailing Businesses +$1.4B (+13%).