A decentralized holding company whose businesses span insurance (GEICO), freight rail (BNSF Railway), utilities, manufacturing, and services. It began as a New England textile maker, formed by the 1955 merger of Berkshire Fine Spinning Associates and Hathaway Manufacturing, named for Berkshire County and founder Horatio Hathaway. Warren Buffett took control in 1965 after management lowballed a share buyback offer, buying the company out of spite.
Berkshire Hathaway reports Q2 2026 net earnings of $25.7 billion, up from $12.4 billion a year ago.
Second-quarter 2026 net earnings attributable to shareholders were $25,667 million, compared with $12,370 million in Q2 2025.
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Operating earnings for Q2 2026 were $12,983 million, up from $11,160 million in Q2 2025.
Investment gains (losses) in Q2 2026 were $12,684 million, including $10.9 billion from changes in unrealized gains and $1.8 billion in realized gains.
Berkshire repurchased approximately $4.5 billion of treasury shares in Q2 2026, bringing the six-month total to about $4.8 billion.
Insurance float was approximately $177.5 billion at June 30, 2026, up about $1.1 billion since year-end 2025.
2.02 Results of Operations and Financial Condition · 9.01 Financial Statements and Exhibits
Berkshire Hathaway announces CFO transition: Charles C. Chang to succeed Marc D. Hamburg on June 1, 2026
Chang's annual cash salary as CFO will be $8,000,000.
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Charles C. Chang will become Berkshire's Chief Financial Officer on June 1, 2026, succeeding Marc D. Hamburg, who is retiring.
Hamburg will receive up to 30 flight hours per year on a mid-sized NetJets aircraft from June 1, 2026 to May 31, 2037, with tax gross-up payments; estimated annual cost is $490,000.
On May 3, 2026, the Board amended and restated Berkshire's By-Laws to update officer roles and responsibilities.
At the May 2, 2026 annual meeting, all 12 director nominees were elected, and shareholders voted on executive compensation and a human-capital report proposal.
2.02 Results of Operations and Financial Condition · 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements · 5.03 Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year · 5.07 Submission of Matters to a Vote of Security Holders · 9.01 Financial Statements and Exhibits
Berkshire Hathaway issues ¥128.9B and other yen-denominated senior notes due 2029-2056
On April 16, 2026, Berkshire Hathaway issued six tranches of yen-denominated senior notes with aggregate principal amounts of ¥128.9B (2029), ¥86.8B (2031), ¥22.3B (2033), ¥27.3B (2036), ¥2B (2041), and ¥5B (2056).
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The notes carry coupons ranging from 2.077% (due 2029) to 4.037% (due 2056), and were sold under an underwriting agreement dated April 10, 2026, with Mizuho Securities USA LLC and Merrill Lynch International.
The notes were issued under an indenture dated January 31, 2025, among Berkshire, Berkshire Hathaway Finance Corporation, and The Bank of New York Mellon Trust Company, N.A., with officers' certificates dated April 16, 2026.
The offering was made under a Form S-3 registration statement (No. 333-284622) filed January 31, 2025, with a prospectus supplement filed April 14, 2026.
The filing includes exhibits such as the underwriting agreement, officers' certificates, and a legal opinion from Baker & McKenzie LLP.
8.01 Other Events · 9.01 Financial Statements and Exhibits
Berkshire Hathaway commenced common stock repurchases on March 4, 2026
The repurchases are made under the company's long-standing policy allowing buybacks when the price is below intrinsic value, conservatively determined.
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Berkshire Hathaway Inc. disclosed it began repurchasing shares of its Class A and Class B common stock on Wednesday, March 4, 2026.
Repurchases may occur through open-market transactions, privately negotiated deals, or Rule 10b5-1 trading plans.
The timing and amount of repurchases depend on market prices, conditions, and other factors; they may be suspended or discontinued at any time without notice.
The disclosure was made under Item 8.01 (Other Events) for transparency during the leadership transition.
8.01 Other Events · 9.01 Financial Statements and Exhibits
Berkshire Hathaway reports Q4 2025 net earnings of $19.2 billion
Fourth-quarter 2025 net earnings attributable to shareholders were $19,199 million, down from $19,694 million in Q4 2024.
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Full-year 2025 net earnings were $66,968 million, compared with $88,995 million in 2024.
Operating earnings were $10,200 million in Q4 2025 and $44,486 million for the full year, versus $14,527 million and $47,437 million in the prior-year periods.
Q4 2025 investment gains were $13,494 million, including $9.6 billion of unrealized gains and $3.9 billion of realized gains.
Insurance float was approximately $176 billion at December 31, 2025, up $5 billion from year-end 2024.
2.02 Results of Operations and Financial Condition · 9.01 Financial Statements and Exhibits
Berkshire Hathaway announces CFO transition: Hamburg to retire, Chang to succeed
Marc D. Hamburg will retire as Senior Vice President and CFO on June 1, 2027, after 40 years of service.
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Charles C. Chang will succeed Hamburg as Senior Vice President and CFO on June 1, 2026.
Chang currently serves as Senior Vice President and CFO of Berkshire Hathaway Energy, a role he has held since October 2024.
Hamburg will resign as CFO on June 1, 2026, and work with Chang until his retirement to ensure a smooth transition.
Chang's compensation details have not been finalized and will be disclosed in an amendment to the 8-K.
5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements · 9.01 Financial Statements and Exhibits
Berkshire Hathaway issues ¥210.1 billion in four tranches of yen-denominated senior notes
The notes were sold under an underwriting agreement dated November 14, 2025, with Mizuho Securities USA LLC and Merrill Lynch International as underwriters.
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On November 20, 2025, Berkshire Hathaway issued ¥123.7 billion of 1.510% Senior Notes due 2028, ¥53.3 billion of 1.826% Senior Notes due 2030, ¥26.1 billion of 2.422% Senior Notes due 2035, and ¥7.0 billion of 2.810% Senior Notes due 2040.
The notes were issued under an indenture dated January 31, 2025, among Berkshire, Berkshire Hathaway Finance Corporation, and The Bank of New York Mellon Trust Company, N.A., along with officers' certificates dated November 20, 2025.
The offering was made under a Form S-3 registration statement (No. 333-284622) filed with the SEC on January 31, 2025.
The report was filed under Item 8.01 (Other Events) to disclose the debt issuance and related exhibits, including the underwriting agreement and officers' certificates.
8.01 Other Events · 9.01 Financial Statements and Exhibits