Insurance Group was Berkshire Hathaway’s largest segment in fiscal 2025, bringing in $104.21B of $371.44B (28%).
| Segment | FY 2007 | FY 2008 | FY 2011 | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Insurance & Other | — | — | — | — | |||||||||
| Insurance Group | $82.31B | $95.02B | $105.07B | $104.21B | |||||||||
| Berkshire Hathaway Insurance Group | — | — | — | — | |||||||||
| Manufacturing Businesses | $75.78B | $75.41B | $77.23B | $78.49B | |||||||||
| Mclane | $53.21B | $52.61B | $51.91B | $51.00B | |||||||||
| Mclane Company | — | — | — | — | |||||||||
| Pilot Travel Centers Llc | — | $51.74B | $46.89B | $42.20B | |||||||||
| Service & Retailing | $38.30B | $40.00B | $39.87B | $42.65B | |||||||||
| Service & Retailing Businesses | — | — | — | — | |||||||||
| Other Businesses | — | — | — | — | |||||||||
| Berkshire Hathaway Energy ("Bhe") | $26.39B | $26.01B | $26.35B | $26.30B | |||||||||
| Berkshire Hathaway Energy | — | — | — | — | |||||||||
| Bnsf | $25.89B | $23.88B | $23.57B | $23.53B | |||||||||
| Railroad Utilities & Energy | — | — | — | — | |||||||||
| Utilities & Energy | — | — | — | — | |||||||||
| Midamerican | — | — | — | — | |||||||||
| Marmon | — | — | — | — | |||||||||
| Finance & Financial Products Reportable | — | — | — | — | |||||||||
| Finance & Financial Products | — | — | — | — | |||||||||
| Intersegment Eliminations & Other Reconciling Items | — | — | — | — | |||||||||
| Corporate, Eliminations & Other | $136.00M | -$171.00M | $541.00M | $3.07B | |||||||||
| Total | $302.02B | $364.48B | $371.43B | $371.44B |
Berkshire Hathaway brought in $371.44B from its eight segments in fiscal 2025, the year ended December 31, 2025. That was up 0.0% from $371.43B in fiscal 2024. Insurance Group was the largest at $104.21B (28.1%), ahead of Manufacturing Businesses at $78.49B (21.1%) and Mclane at $51.00B (13.7%). The other five segments brought in $137.75B combined.
Compared with fiscal 2024, Service & Retailing grew fastest, up 7.0% to $42.65B, while Pilot Travel Centers Llc fell the most, down 10.0% to $42.20B.
Berkshire Hathaway began breaking out Pilot Travel Centers Llc in fiscal 2023, when it brought in $51.74B.
Insurance & Other was Berkshire Hathaway’s largest product and service line in fiscal 2025, bringing in $321.72B of $371.44B (87%).
| Product and Service | FY 2014 | FY 2015 | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Insurance & Other | $249.87B | $321.64B | $321.72B | ||||||||
| Railroad, Utilities & Energy | $52.15B | $49.80B | $49.72B | ||||||||
| Finance & Financial Products | — | — | — | ||||||||
| Total | $302.02B | $371.44B | $371.44B |
Berkshire Hathaway brought in $371.44B from its two product and service lines in fiscal 2025, the year ended December 31, 2025. That was up 0.0% from $371.44B in fiscal 2024. Insurance & Other was the largest at $321.72B (86.6%), ahead of Railroad, Utilities & Energy at $49.72B (13.4%).
Compared with fiscal 2024, Insurance & Other grew 0.0% to $321.72B, while Railroad, Utilities & Energy fell 0.2% to $49.72B. From fiscal 2022 to 2025, combined revenue from these lines grew from $302.02B to $371.44B, a compound annual growth rate of 7.1%. Insurance & Other's share of the total rose from 82.7% to 86.6%.
Insurance & Other was Berkshire Hathaway’s largest segment in fiscal 2013, bringing in $138.49B of $182.15B (76%).
| Financial Segments | FY 2009 | FY 2010 | FY 2011 | FY 2012 | FY 2013 |
|---|---|---|---|---|---|
| Insurance & Other | $105.26B | $110.74B | $121.51B | $138.49B | |
| Railroad, Utilities & Energy | $26.36B | $30.84B | $32.58B | $34.76B | |
| Finance & Financial Products | $4.56B | $2.11B | $8.37B | $8.90B | |
| Total | $136.19B | $143.69B | $162.46B | $182.15B |
Berkshire Hathaway brought in $182.15B from its three segments in fiscal 2013, the year ended December 31, 2013. That was up 12.1% from $162.46B in fiscal 2012. Insurance & Other was the largest at $138.49B (76.0%), ahead of Railroad, Utilities & Energy at $34.76B (19.1%) and Finance & Financial Products at $8.90B (4.9%).
Compared with fiscal 2012, Insurance & Other grew fastest, up 14.0% to $138.49B. Every segment above 2% of revenue grew. From fiscal 2010 to 2013, combined revenue from these segments grew from $136.19B to $182.15B, a compound annual growth rate of 10.2%. Insurance & Other's share of the total fell from 77.3% to 76.0%.
Berkshire Hathaway (BRK-B) reports its revenue by segment, by product and service and by financial segments. In fiscal 2025, Insurance Group was its largest segment, bringing in $104.21B (28.1% of the total), followed by Manufacturing Businesses at $78.49B (21.1%).
Insurance Group was Berkshire Hathaway's largest segment in fiscal 2025, bringing in $104.21B, or 28.1% of the $371.44B total across its eight segments.
Insurance & Other was Berkshire Hathaway's largest product and service line in fiscal 2025, bringing in $321.72B, or 86.6% of the $371.44B total across its two product and service lines.
Among Berkshire Hathaway's segments that make up at least 2% of revenue, Service & Retailing grew fastest in fiscal 2025, up 7.0% from $39.87B to $42.65B.
Every figure comes from Berkshire Hathaway's annual financial filings, as reported. Each line keeps the name Berkshire Hathaway gives it, and years follow its fiscal calendar.
Berkshire Hathaway's revenue by segment goes back to fiscal 2007, with figures through fiscal 2025. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.