BERKSHIRE HATHAWAY INC (BRK-B) Stock Analysis
Financial ServicesFire, Marine & Casualty Insurance
Q1 2026 · +4.4% revenue · −0.6% revenue
Beat the trendvs trailing 3-quarter avg
Revenue▲+4.3 ppvs trend
Net income▲+134.4 ppvs trend
Free cash flow▼−37.8 ppvs trend
Outperformed in 2 of 3 metrics
How the cash was deployedQ1 2026
Operating cash flow$10.44B
$4.99B (47.8 %)
Share buybacks$235.00M (2.3 %)
Returned to shareholders this quarter$235.00M▼ −90.8%
Last 8 quarters of revenueLatest quarter highlighted. Q4 reconstructed from the annual filing.
+4.4% −0.6%
93.65BQ2 24
93.00BQ3 24
94.92BQ4 24*
89.72BQ1 25
92.52BQ2 25
94.97BQ3 25
94.23BQ4 25*
93.67BQ1 26
* Q4 is reconstructed from the annual filing (FY − Q1 − Q2 − Q3), since the SEC does not require a Q4 10-Q.
RevenueSlowing
$93.67B▲+4.4% ▼−0.6%
93.38B
89.87B
93.65B
93.00B
94.92B
89.72B
92.52B
94.97B
94.23B
93.67B
Net incomeSlowing
$10.11B▲+120% ▼−47.4%
37.57B
12.70B
30.35B
26.25B
19.69B
4.60B
12.37B
30.80B
19.20B
10.11B
Free cash flowReversal
$5.45B▼−17.7% —
−21.82B
6.17B
15.24B
12.34B
−38.09B
6.62B
11.85B
20.05B
−27.92B
5.45B
Diluted Not enough history
—— —
Not enough quarters yet to read the trend.Margins
Gross marginNot enough history
—— —
Not enough quarters yet to read the trend.Operating marginNot enough history
—— —
Not enough quarters yet to read the trend.Net marginSlowing
10.8 %▲+5.7 pp ▼−9.6 pp
40.24
14.13
32.40
28.23
20.75
5.13
13.37
32.43
20.37
10.79
| Metric | Q1 2025Same quarter, prior year | Q4 2025Previous quarter | Q1 2026Latest quarter | YoY | QoQ |
|---|---|---|---|---|---|
| Revenue | $89.72B | $94.23B | $93.67B | +4.4% | −0.6% |
| Cost of revenue | — | — | — | — | — |
| Gross profit | — | — | — | — | — |
| Operating expenses | $78.27B | $81.69B | $79.93B | +2.1% | −2.2% |
| Operating income | — | — | — | — | — |
| Net income | $4.60B | $19.20B | $10.11B | +120% | −47.4% |
| Diluted | — | — | — | — | — |
| Operating cash flow | $10.90B | −$20.70B | $10.44B | −4.3% | — |
| $4.28B | −$7.22B | $4.99B | +16.5% | — | |
| Free cash flow | $6.62B | −$27.92B | $5.45B | −17.7% | — |
| Gross margin | — | — | — | — | — |
| Operating margin | — | — | — | — | — |
| Net margin | 5.1 % | 20.4 % | 10.8 % | +5.7 pp | −9.6 pp |