Berkshire Hathaway (BRK-B) Operating Expenses (2009 - 2026)

Berkshire Hathaway (BRK-B) recorded quarterly Operating Expenses of $79.9 billion in Q1 2026, up 1.0% quarter-over-quarter from $79.1 billion in Q3 2025, and up 2.12% on a YoY basis from $78.3 billion in Q1 2025.

Berkshire Hathaway (BRK-B) Operating Expenses (2009 - 2026) Analysis & Trends

Berkshire Hathaway's Operating Expenses history runs 18 years deep, the most recent figure standing at $79.9 billion for Q1 2026.

  • In Q1 2026, Operating Expenses rose 2.12% year-over-year to $79.9 billion; the TTM figure through Mar 2026 stood at $238.4 billion (changed 0.28% YoY), while the FY2025 annual figure was $318.5 billion, up 0.88% from the prior year.
  • Operating Expenses was $79.9 billion for Q1 2026 at Berkshire Hathaway, up from $79.1 billion in the prior quarter.
  • In the past five years, Operating Expenses ranged from a high of $81.2 billion in Q3 2024 to a low of $62.2 billion in Q1 2022.
  • Historically, Operating Expenses has averaged $75.6 billion across 5 years, with a median of $78.7 billion in 2025.
  • The sharpest annual moves came in 2023 and 2025: Operating Expenses advanced 24.46% in 2023, then dropped 2.57% in 2025.
  • A 5-year view of Operating Expenses shows it stood at $71.3 billion in 2022, then rose by 13.07% to $80.7 billion in 2023, then climbed by 0.71% to $81.2 billion in 2024, then retreated by 2.57% to $79.1 billion in 2025, then gained by 1.0% to $79.9 billion in 2026.
  • The last three Operating Expenses figures came in at $79.9 billion (Q1 2026), $79.1 billion (Q3 2025), and $79.4 billion (Q2 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 American International 39.85 Bn 1.02 Bn 2.60 Bn 5.66 Bn
2 Hartford Insurance 35.40 Bn 26.34 Bn 2.15 Bn 6.17 Bn
3 Arch Capital 32.21 Bn 31.30 Bn 4.02 Bn 3.41 Bn
4 Brookfield Wealth Solutions 9.95 Bn -3.21 Bn 4.62 Bn -384.00 Mn
5 FIHL 2.04 Bn 2.04 Bn - -
6 International General Insurance Holdings 1.03 Bn 811.79 Mn 111.10 Mn -25.60 Mn
7 Waterdrop 632.07 Mn 560.72 Mn 129.34 Mn -189.81 Mn
8 Sun Life Financial 48.32 Mn -8.02 Bn - -
9 Exzeo 1.16 Mn -230.22 Mn 32.74 Mn 7.67 Mn
10 Berkshire Hathaway - - 87.16 Bn 79.93 Bn

Historic Data

Download Data
DateValue
Mar 31, 2026 79.93 Bn
Sep 30, 2025 79.14 Bn
Jun 30, 2025 79.38 Bn
Mar 31, 2025 78.27 Bn
Sep 30, 2024 81.22 Bn
Jun 30, 2024 79.63 Bn
Mar 31, 2024 76.53 Bn
Sep 30, 2023 80.65 Bn
Jun 30, 2023 80.64 Bn
Mar 31, 2023 76.09 Bn
Dec 31, 2022 71.33 Bn
Sep 30, 2022 68.11 Bn
Jun 30, 2022 64.79 Bn
Mar 31, 2022 62.25 Bn
Dec 31, 2021 63.40 Bn
Sep 30, 2021 63.40 Bn
Jun 30, 2021 60.93 Bn
Mar 31, 2021 56.02 Bn
Dec 31, 2020 58.73 Bn
Sep 30, 2020 56.97 Bn