Berkshire Hathaway profit margin BRK-B
Gross, operating and net profit as a share of revenue over the last twelve months, from 2009.
- Net margin, 12 months
- 22.3%
- Net margin on a year earlier
- +5.3 pts
- Peer median
- 26.3%
Over the twelve months to Jun 30, 2026, Berkshire Hathaway kept 22.3% of its revenue as net profit.
Five years earlier its net margin was 40.5%.
The median for 10 financial stocks of a similar size is 26.3%.
Profit margin over time
Fiscal year by fiscal year
| Fiscal year | Net margin |
|---|---|
| FY2025 | 18.0% |
| FY2024 | 24.0% |
| FY2023 | 26.4% |
| FY2022 | −7.5% |
| FY2021 | 32.5% |
| FY2020 | 17.3% |
| FY2019 | 32.0% |
| FY2018 | 1.6% |
| FY2017 | 18.7% |
| FY2016 | 10.8% |
| FY2015 | 11.4% |
| FY2014 | 10.2% |
| FY2013 | 10.7% |
| FY2012 | 9.1% |
| FY2011 | 7.1% |
Quarter by quarter
| Quarter | Ended | Net margin, 12 months | Change on a year |
|---|---|---|---|
| Q2 FY26 | 22.3% | +5.3 pts | |
| Q1 FY26 | 19.3% | −2.5 pts | |
| Q4 FY25 | 18.0% | −5.9 pts | |
| Q3 FY25 | 18.1% | −10.8 pts | |
| Q2 FY25 | 17.0% | −1.3 pts | |
| Q1 FY25 | 21.8% | +1.9 pts | |
| Q4 FY24 | 24.0% | −2.4 pts | |
| Q3 FY24 | 28.9% | +6.9 pts | |
| Q2 FY24 | 18.3% | −7.7 pts | |
| Q1 FY24 | 19.9% | +17.6 pts | |
| Q4 FY23 | 26.4% | +33.9 pts | |
| Q3 FY23 | 22.0% | +22.4 pts |
Against its peers
Companies in Financial Services nearest Berkshire Hathaway's size, closest first, today.
| Company | Profit margin |
|---|---|
| BRK-BBerkshire Hathaway | 22.3% |
| JPMJPMorgan Chase | 32.5% |
| VVisa | 50.8% |
| MAMastercard | 46.3% |
| BACBank of America | n/m |
| MSMorgan Stanley | 25.5% |
| GSGoldman Sachs | 31.8% |
| WFCWells Fargo | 26.3% |
| AXPAmerican Express | 15.8% |
| CCitigroup | 20.8% |
| BLKBlackRock | 24.2% |
| Peer median | 26.3% |
What the profit margin tells you
Profit as a share of revenue at three levels: gross (after making the product), operating (after running the business) and net (after everything, including tax and interest).
Compare within an industry. 10% is superb for a retailer and poor for a software company.
More on Berkshire Hathaway
Valuation data, not investment advice. Prices as of . Reported figures come from the company's filings with the SEC.