BERKSHIRE HATHAWAY INC

For the period ended Mar 31, 2026. Filed May 4, 2026.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Mar 31, 2026 · Filed May 4, 2026

BRK-A$875,654.57+2.6%Stored close · as of Nov 10, 2026

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Contents

Consolidated Statements of Earnings—First Quarter 2026 and 2025

CONSOLIDATED STATEM ENTS OF EARNINGS

(dollars in millions except per share amounts)

	First Quarter
	2026	2025
Revenues:
Insurance and Other:
Insurance premiums earned	$22,005	$21,804
Sales and service revenues	50,946	47,815
Leasing revenues	2,671	2,431
Interest, dividend and other investment income	5,430	5,632
	81,052	77,682
Railroad, Utilities and Energy:
Railroad transportation revenues	5,940	5,671
Utilities and energy operating revenues	5,807	5,494
Service revenues and other income	876	878
	12,623	12,043
Total revenues	93,675	89,725
Investment gains (losses)	(1,605)	(6,435)
Costs and expenses:
Insurance and Other:
Insurance losses and loss adjustment expenses	14,204	14,646
Life, annuity and health insurance benefits	1,019	1,068
Insurance underwriting expenses	4,517	4,368
Cost of sales and services	41,207	38,551
Cost of leasing	2,027	1,887
Selling, general and administrative expenses	6,556	7,681
Interest expense	324	340
	69,854	68,541
Railroad, Utilities and Energy:
Railroad transportation expenses	3,923	3,873
Utilities and energy cost of sales and other expenses	4,317	4,091
Other expenses	856	846
Interest expense	977	917
	10,073	9,727
Total costs and expenses	79,927	78,268
Earnings before income taxes and equity method earnings	12,143	5,022
Equity method earnings	176	126
Earnings before income taxes	12,319	5,148
Income tax expense	2,140	476
Net earnings	10,179	4,672
Earnings attributable to noncontrolling interests	73	69
Net earnings attributable to Berkshire shareholders	$10,106	$4,603
Net earnings per average equivalent Class A share	$7,027	$3,200
Net earnings per average equivalent Class B share*	$4.68	$2.13
Average equivalent Class A shares outstanding	1,438,124	1,438,223
Average equivalent Class B shares outstanding	2,157,185,889	2,157,335,139

Net earnings per average equivalent Class B share outstanding is equal toone-fifteen-hundredth of the equivalent Class A amount. See Note 18.

ContentsView on SEC.gov

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