Filing Flows › Berkshire Hathaway (BRK-B) › Q3 2026
Berkshire Hathaway (BRK-B) Q3 2026 earnings results (third quarter 2026)
10-Q filed Nov 9, 2026
Berkshire Hathaway (BRK-B) reported revenue of $105.6B for the third quarter 2026 (Q3 2026), +11% from a year earlier and +4% from the quarter before. Operating margin was 13.5%, net earnings $22.1B (20.9% of revenue).
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 follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $105.6B | +4% | +11% |
| Operating profit | $14.2B | -10% | -10% |
| Net earnings | $22.1B | -14% | -28% |
| Operating cash flow | $12.3B | +9% | -11% |
| Free cash flow | $6.8B | +21% | -18% |
What changed
Revenue was $105.6B in Q3 2026, up 11% year over year and up 4% from the previous quarter. Insurance Corporate and Other was the largest line at 25% of revenue. Pilot Travel Centers LLC added $5.2B year over year (up 48%), 49% of the total change. Mc Lane Company declined 6%.
Operating profit was $14.2B, a 13.5% margin (down 3.2 points year over year). Operating profit fell $1.6B even though revenue rose $10.7B versus Q3 2025, so costs grew faster than sales. Total costs grew 16% against revenue growth of 11%. Net earnings were $22.1B, down 28% year over year. The effective tax rate was 18.3%. Non-operating items added $12.9B, 48% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $12.3B (down 11% year over year), 55% of net earnings. Non-cash charges added back $3.6B of depreciation and amortization. Working capital and other items used $13.5B. Capital expenditures of $5.5B left free cash flow of $6.8B.
Questions
What was Berkshire Hathaway's revenue in the third quarter 2026?
Berkshire Hathaway (BRK-B) reported revenue of $105.6B for the third quarter 2026 (Q3 2026), +11% from a year earlier and +4% from the quarter before.
Was Berkshire Hathaway profitable in the third quarter 2026?
Operating profit was $14.2B (13.5% of revenue) and net earnings $22.1B.
Source: Berkshire Hathaway 10-Q on SEC EDGAR.