Earnings Releases·Nov 9, 2026, 6:10 AM ET

Berkshire Hathaway Inc. — Third Quarter 2026 Earnings Summary

Third-quarter net earnings attributable to shareholders fell to $22.112 billion from $30.796 billion in 2025, driven by a decline in investment gains to $9.407 billion from $17.311 billion, while operating earnings decreased to $12.705 billion from $13.485 billion; however, year-to-date net earnings rose to $57.885 billion from $47.769 million and operating earnings increased to $37.034 billion from $34.286 billion.
Insurance underwriting earnings declined to $1.352 billion in the quarter and $4.8 billion for the first nine months, whereas BNSF, Berkshire Hathaway Energy, and Manufacturing, service and retailing segments all reported earnings growth for both the quarter and the nine-month period.
The company acquired approximately $9.6 billion in treasury shares during the third quarter, bringing the nine-month total to $14.4 billion, while insurance float increased by $2.1 billion to $178.5 billion as of September 30, 2026.
No other-than-temporary impairments were recorded in 2026, contrasting with a $3.76 billion impairment in Kraft Heinz recorded in the first nine months of 2025, and the company reiterated that quarterly investment gains are often misleading and urged investors to consult the full 10-Q filing.