08/02/2025 – 08:00 AM
OMAHA, Neb.–(BUSINESS WIRE)–Berkshire Hathaway Inc. (BRK.A; BRK.B) has released its Q2 and first-half 2025 results, offering a glimpse into the financial fortress Warren Buffett has built. While the numbers tell a story, the full narrative requires a deep dive into the company’s 10-Q filing, available at www.berkshirehathaway.com. Consider this a teaser; for serious investors, the 10-Q is the main course.
Here’s a snapshot of Berkshire’s earnings, after taxes, for the periods in question (figures in millions, except per share data):
|
|
Second Quarter |
First Six Months |
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|
|
2025 |
|
2024 |
2025 |
|
2024 |
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|
|
|
|
|
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|
Net earnings attributable to Berkshire shareholders |
$ |
12,370 |
|
$ |
30,348 |
$ |
16,973 |
|
$ |
43,050 |
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|
Net earnings includes: |
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|
|
|
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|
Investment gains (losses) |
|
4,970 |
|
|
18,750 |
|
(68 |
) |
|
20,230 |
|||||
|
Other-than-temporary impairment of investment in Kraft Heinz |
|
(3,760 |
) |
|
— |
|
(3,760 |
) |
|
— |
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|
Operating earnings |
|
11,160 |
|
|
11,598 |
|
20,801 |
|
|
22,820 |
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|
Net earnings attributable to Berkshire shareholders |
$ |
12,370 |
|
$ |
30,348 |
$ |
16,973 |
|
$ |
43,050 |
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|
Net earnings per average equivalent Class A Share |
$ |
8,601 |
|
$ |
21,122 |
$ |
11,801 |
|
$ |
29,936 |
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|
Net earnings per average equivalent Class B Share |
$ |
5.73 |
|
$ |
14.08 |
$ |
7.87 |
|
$ |
19.96 |
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|
Average equivalent Class A shares outstanding |
|
1,438,223 |
|
|
1,436,790 |
|
1,438,223 |
|
|
1,438,080 |
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|
Average equivalent Class B shares outstanding |
|
2,157,335,139 |
|
|
2,155,185,283 |
|
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