BRK-B · 8-K · 20260507PR212148

Net earnings and EPS

BERKSHIRE HATHAWAY INC · 2026-05-07 · Importance 69 · Surprise 64 · From source text

Berkshire reported net earnings attributable to Berkshire shareholders of $10,106 million in Q1 2026 versus $4,603 million in Q1 2025. Net earnings increased primarily because operating earnings rose while investment gains (losses) were less negative in 2026 (net investment loss of $1,240 million in Q1 2026 versus $5,038 million in Q1 2025). Net earnings per average equivalent Class A share were $7,027 in Q1 2026 versus $3,200 in Q1 2025, and Class B EPS was $4.68 versus $2.13. Average equivalent Class A shares outstanding were approximately 1,438,124 in 2026, nearly unchanged year-over-year.

Key facts

• Net earnings attributable to Berkshire shareholders for the first quarter of 2026: $10,106 million. source
• Net earnings attributable to Berkshire shareholders for the first quarter of 2025: $4,603 million. source
• Net earnings per average equivalent Class A Share for the first quarter of 2026: $7,027. source
• Net earnings per average equivalent Class A Share for the first quarter of 2025: $3,200. source
• Net earnings per average equivalent Class B Share for the first quarter of 2026: $4.68. source
• Net earnings per average equivalent Class B Share for the first quarter of 2025: $2.13. source
• Average equivalent Class A shares outstanding for the first quarter of 2026: 1,438,124. source
• Average equivalent Class A shares outstanding for the first quarter of 2025: 1,438,223. source

Impact estimates