Berkshire Hathaway (BRK-B) Operating Expenses (2009 - 2026)
Berkshire Hathaway's quarterly Operating Expenses came in at $79.9 billion in Q1 2026, up 2.12% year-on-year from $78.3 billion in Q1 2025, and up 1.0% quarter-over-quarter from $79.1 billion in Q3 2025.
Berkshire Hathaway has reported Operating Expenses for 18 years, with the latest figure at $79.9 billion in Q1 2026.
- For the quarter ending Q1 2026, Operating Expenses rose 2.12% year-over-year to $79.9 billion; the trailing twelve-month figure through Mar 2026 stood at $238.4 billion (changed 0.28% YoY), and the FY2025 full-year result was $318.5 billion, up 0.88% from the prior year.
- Operating Expenses for Q1 2026 stood at $79.9 billion, up from $79.1 billion in the prior quarter.
- The five-year high for Operating Expenses was $81.2 billion in Q3 2024, with the low at $62.2 billion in Q1 2022.
- Average Operating Expenses over 5 years is $75.6 billion, with a median of $78.7 billion recorded in 2025.
- Year-over-year, Operating Expenses grew 24.46% in 2023 and fell 2.57% in 2025.
- Tracing BRK-B's Operating Expenses over 5 years: stood at $71.3 billion in 2022, then gained by 13.07% to $80.7 billion in 2023, then grew by 0.71% to $81.2 billion in 2024, then decreased by 2.57% to $79.1 billion in 2025, then advanced 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 | 39.62 Bn | 784.91 Mn | 2.60 Bn | 5.66 Bn |
| 2 | Hartford Insurance | 34.97 Bn | 25.91 Bn | 2.15 Bn | 6.17 Bn |
| 3 | Aegon | 34.55 Bn | 34.55 Bn | - | - |
| 4 | Arch Capital | 31.37 Bn | 30.45 Bn | 4.02 Bn | 3.41 Bn |
| 5 | Fidelis Insurance Holdings | 2.04 Bn | 2.04 Bn | 386.80 Mn | 507.50 Mn |
| 6 | International General Insurance Holdings | 1.03 Bn | 811.79 Mn | 70.90 Mn | -103.70 Mn |
| 7 | Waterdrop | 762.05 Mn | 690.71 Mn | 129.34 Mn | -189.81 Mn |
| 8 | Exzeo | 1.28 Mn | -230.11 Mn | 32.74 Mn | 7.67 Mn |
| 9 | Sun Life Financial | 43.53 | -7.92 Bn | - | - |
| 10 | Berkshire Hathaway | - | - | 87.16 Bn | 79.93 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |
| Jun 30, 2020 | 61.26 Bn |
| Mar 31, 2020 | 54.34 Bn |
| Dec 31, 2019 | 60.12 Bn |
| Sep 30, 2019 | 56.05 Bn |
| Jun 30, 2019 | 56.01 Bn |
| Mar 31, 2019 | 53.52 Bn |
| Dec 31, 2018 | 57.72 Bn |
| Sep 30, 2018 | 55.33 Bn |
| Jun 30, 2018 | 53.79 Bn |
| Mar 31, 2018 | 52.38 Bn |
| Dec 31, 2017 | 54.65 Bn |
| Sep 30, 2017 | 55.15 Bn |
| Jun 30, 2017 | 51.70 Bn |
| Mar 31, 2017 | 59.74 Bn |
| Dec 31, 2016 | 49.28 Bn |
| Sep 30, 2016 | 48.54 Bn |
| Jun 30, 2016 | 47.09 Bn |
| Mar 31, 2016 | 45.95 Bn |
| Dec 31, 2015 | 44.44 Bn |
| Sep 30, 2015 | 44.92 Bn |
| Jun 30, 2015 | 45.52 Bn |
| Mar 31, 2015 | 41.00 Bn |
| Dec 31, 2014 | 42.42 Bn |
| Sep 30, 2014 | 44.45 Bn |
| Jun 30, 2014 | 40.85 Bn |
| Mar 31, 2014 | 38.86 Bn |
| Dec 31, 2013 | 39.82 Bn |
| Sep 30, 2013 | 39.16 Bn |
| Jun 30, 2013 | 37.80 Bn |
| Mar 31, 2013 | 36.57 Bn |
| Dec 31, 2012 | 37.97 Bn |
| Sep 30, 2012 | 35.11 Bn |
| Jun 30, 2012 | 33.93 Bn |
| Mar 31, 2012 | 33.22 Bn |
| Dec 31, 2011 | 33.50 Bn |
| Sep 30, 2011 | 30.38 Bn |
| Jun 30, 2011 | 33.01 Bn |
| Mar 31, 2011 | 31.49 Bn |
| Dec 31, 2010 | 29.68 Bn |
| Sep 30, 2010 | 31.74 Bn |
| Jun 30, 2010 | 28.77 Bn |
| Mar 31, 2010 | 26.94 Bn |
| Dec 31, 2009 | 25.73 Bn |
| Sep 30, 2009 | 25.07 Bn |
| Jun 30, 2009 | 24.82 Bn |
| Mar 31, 2009 | 25.33 Bn |