BRK-B · 10-Q · 2026Q3 · Full report
Net Earnings and Investment Gains
BERKSHIRE HATHAWAY INC · 2026-11-09 · Importance 57 · Surprise 38 · From source text
Net earnings attributable to Berkshire shareholders were $22.112 billion in Q3 2026, down from $30.796 billion in Q3 2025, while nine-month earnings rose to $57.885 billion from $47.769 billion. Investment gains were $9.407 billion in Q3 2026 versus $17.311 billion a year earlier, but nine-month gains increased to $20.851 billion from $17.243 billion. The filing says investment gains include significant unrealized changes in equity prices and foreign exchange rates and can cause substantial periodic earnings volatility.
Key facts
- Berkshire Hathaway’s net earnings attributable to shareholders were $22.112 billion in the third quarter and $57.885 billion in the first nine months of 2026, compared with $30.796 billion and $47.769 billion in 2025, respectively. source
- Berkshire net earnings attributable to shareholders were $57.9 billion for the first nine months of 2026, including approximately $20.9 billion of after-tax investment gains. source
- After-tax equity method earnings increased $513 million in Q3 2026 and $579 million in the first nine months versus 2025, due to higher Occidental earnings in both periods and higher Kraft Heinz earnings year to date. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| net_income | positive | realized | +13.6% | Berkshire Hathaway’s net earnings attributable to shareholders were $22.112 billion in the third quarter and $57.885 billion in the first… |