Berkshire Hathaway Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Operating Revenue	49,723	49,790	49,751	52,149	48,229
Other Revenue	321,721	321,643	314,731	249,871	227,956
Revenue	371,444	371,433	364,482	302,020	276,185
Revenue Growth (YoY)	0.00%	1.91%	20.68%	9.35%	12.46%
Cost of Revenue	36,480	37,292	38,879	38,162	34,051
Gross Profit	97,118	113,735	123,196	-28,011	115,147
Operating Income	97,118	113,735	123,196	-28,011	115,147
Interest Expense	-5,069	-5,200	-5,003	-4,352	-4,172
Earnings From Equity Investments	-9,590	1,841	1,973	1,863	886
EBT Excluding Unusual Items	82,459	110,376	120,166	-30,500	111,861
Pretax Income	82,459	110,376	120,166	-30,500	111,861
Income Tax Expense	15,199	20,815	23,019	-8,502	20,912
Earnings From Continuing Operations	67,260	89,561	97,147	-21,998	90,949
Minority Interest in Earnings	-292	-566	-924	-761	-1,012
Net Income	66,968	88,995	96,223	-22,759	89,937
Net Income to Common	66,968	88,995	96,223	-22,759	89,937
Net Income Growth	-24.75%	-7.51%	-	-	111.51%
Shares Outstanding (Basic)	1	1	1	1	2
Shares Outstanding (Diluted)	1	1	1	1	2
Shares Change (YoY)	0.03%	-0.77%	-1.36%	-2.73%	-5.29%
EPS (Basic)	46563.02	61900.09	66411.99	-15494.16	59553.83
EPS (Diluted)	46563.02	61900.09	66411.99	-15494.16	59553.83
EPS Growth	-24.78%	-6.79%	-	-	123.32%
Free Cash Flow	25,042	11,616	29,787	21,886	26,151
Free Cash Flow Per Share	17411.76	8079.46	20558.64	14899.83	17316.48
Gross Margin	26.15%	30.62%	33.80%	-9.27%	41.69%
Operating Margin	26.15%	30.62%	33.80%	-9.28%	41.69%
Profit Margin	18.03%	23.96%	26.40%	-7.54%	32.56%
Free Cash Flow Margin	6.74%	3.13%	8.17%	7.25%	9.47%
EBITDA	110,594	126,590	135,682	-17,112	125,865
EBITDA Margin	29.77%	34.08%	37.23%	-5.67%	45.57%
D&A For EBITDA	13,476	12,855	12,486	10,899	10,718
EBIT	97,118	113,735	123,196	-28,011	115,147
EBIT Margin	26.15%	30.62%	33.80%	-9.27%	41.69%
Effective Tax Rate	18.43%	18.86%	19.16%	-	18.70%

Source: S&P Global Market Intelligence. Standard template. Financial Sources.