Every material Form 8-K Berkshire Hathaway has filed with the SEC since August 07, 2023, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Berkshire Hathaway reported second-quarter 2026 net earnings attributable to shareholders of $25.7 billion, up from $12.4 billion a year earlier, and operating earnings of $13.0 billion, up from $11.2 billion. Much of the increase reflects investment gains of $12.7 billion, which the company says are largely driven by changes in unrealized gains on equity holdings and are not indicative of quarterly business performance.
Q2 2026 net earnings $25.7 billion vs. $12.4 billion in Q2 2025; first six months $35.8 billion vs. $17.0 billion
Q2 2026 operating earnings $13.0 billion vs. $11.2 billion; manufacturing, service and retailing $4.5 billion vs. $3.6 billion
Net earnings per average equivalent Class A share $17,868 in Q2 2026 vs. $8,601 in Q2 2025
Treasury share purchases of about $4.5 billion in Q2 2026 and about $4.8 billion for the six months; insurance float about $177.5 billion at June 30, 2026
Berkshire Hathaway said Charles C. Chang will succeed Marc D. Hamburg as chief financial officer on June 1, 2026, with an annual cash salary of $8 million. The filing also covers a May 2, 2026 annual meeting, where shareholders approved executive pay and rejected a shareholder proposal on workforce oversight, and a May 3, 2026 bylaw update; the 8-K itself does not report first-quarter earnings figures.
Charles C. Chang succeeds Marc D. Hamburg as CFO on June 1, 2026, at an annual cash salary of $8 million.
Berkshire estimates the cost of Hamburg's NetJets flight benefit at about $490,000 per year, for up to 30 flight hours a year through May 31, 2037.
Advisory say-on-pay vote: 403,351 for and 30,251 against at the May 2, 2026 annual meeting.
Shareholder proposal on workforce and human-capital oversight: 65,023 for and 367,387 against, so it did not pass.
Berkshire Hathaway reported fourth-quarter 2025 net earnings attributable to shareholders of $19.2 billion, down from $19.7 billion a year earlier, and full-year net earnings of $67.0 billion, down from $89.0 billion in 2024. Operating earnings also declined, to $10.2 billion in the quarter from $14.5 billion and to $44.5 billion for the year from $47.4 billion. The company said quarterly investment gains and losses, which include unrealized market changes, can make per-share figures misleading.
Q4 2025 net earnings were $19.2 billion versus $19.7 billion in Q4 2024; Q4 operating earnings were $10.2 billion versus $14.5 billion.
Full-year 2025 net earnings were $67.0 billion versus $89.0 billion in 2024; full-year operating earnings were $44.5 billion versus $47.4 billion.
Net earnings per Class B share were $8.90 in Q4 2025 versus $9.13 in Q4 2024, and $31.04 for the full year versus $41.27.
Other-than-temporary impairments on Kraft Heinz and Occidental reduced 2025 earnings by $4.5 billion in Q4 and $8.3 billion for the full year; insurance float was about $176 billion at December 31, 2025.
Berkshire Hathaway said CFO Marc Hamburg will resign as Chief Financial Officer on June 1, 2026 and retire on June 1, 2027, and that Charles C. Chang, currently CFO of Berkshire Hathaway Energy, will succeed him on June 1, 2026. The December 8, 2025 press release also named new leaders at GEICO, the consumer products and retailing businesses and general counsel, and said Gregory E. Abel will become President and CEO of Berkshire on January 1, 2026, which changes top leadership across several units.
Marc D. Hamburg resigns as CFO June 1, 2026 and retires June 1, 2027, after 40 years of service.
Charles C. Chang, 57, succeeds Hamburg as SVP and CFO on June 1, 2026; he has been BHE's CFO since October 1, 2024.
Chang's compensation arrangements have not been finalized and will be disclosed in an amended 8-K.
Gregory E. Abel becomes President and CEO on January 1, 2026; Nancy L. Pierce named GEICO CEO effective immediately after Todd A. Combs resigned to join JPMorgan Chase.
Berkshire Hathaway reported third-quarter 2025 net earnings attributable to shareholders of $30,796 million, up from $26,251 million a year earlier, and operating earnings of $13,485 million, up from $10,090 million. For the first nine months, net earnings were $47,769 million, down from $69,301 million, while operating earnings rose to $34,286 million from $32,910 million. The release says investment gains and losses can distort per-share results, so shareholders are directed to the 10-Q for fuller detail.
Third-quarter 2025 net earnings were $30,796 million, including investment gains of $17,311 million.
Third-quarter 2025 operating earnings were $13,485 million, versus $10,090 million in the third quarter of 2024.
First nine months 2025 net earnings were $47,769 million, versus $69,301 million in the same period of 2024, and included a $3,760 million other-than-temporary impairment of Kraft Heinz.
Insurance float was approximately $176 billion at September 30, 2025, up $5 billion since yearend 2024.
Berkshire Hathaway reported second-quarter 2025 net earnings attributable to shareholders of $12.37 billion, down from $30.35 billion a year earlier, and first-half net earnings of $16.97 billion, down from $43.05 billion. Operating earnings, which exclude investment gains and losses, slipped to $11.16 billion from $11.60 billion, and the company recorded a $3.76 billion other-than-temporary impairment on its Kraft Heinz investment.
Q2 2025 net earnings were $12.37 billion, versus $30.35 billion in Q2 2024.
Q2 2025 operating earnings were $11.16 billion, versus $11.60 billion in Q2 2024.
Q2 2025 included a $3.76 billion other-than-temporary impairment of the Kraft Heinz investment.
Insurance float was approximately $174 billion at June 30, 2025, up $3 billion since year-end 2024.
Berkshire Hathaway's board unanimously voted on May 4, 2025 to appoint Greg Abel, currently Vice Chairman – Non-Insurance Operations, as President and CEO effective January 1, 2026. Warren Buffett will remain Chairman of the Board, and the company said so in a May 5, 2025 press release. The filing marks a planned leadership succession for shareholders, though it reports no financial results.
Board vote: unanimous, on May 4, 2025, following Buffett's May 3, 2025 announcement at the annual shareholders meeting
Greg Abel, age 62, has been a Berkshire director and Vice Chairman – Non-Insurance Operations since 2018
Abel was CEO of Berkshire Hathaway Energy from 2008 to 2018 and has been its chairman since 2011
Warren Buffett will remain Chairman of the Board of Directors
Berkshire Hathaway reported first-quarter 2025 net earnings of $4.6 billion, down from $12.7 billion a year earlier, as investment losses of $5.0 billion replaced prior-year investment gains of $1.5 billion. Operating earnings also declined, to $9.6 billion from $11.2 billion. At its May 3, 2025 annual meeting, shareholders voted on director elections and seven shareholder proposals, and each proposal drew far more Against votes than For votes.
Net earnings per average equivalent Class A share were $3,200 in Q1 2025 versus $8,825 in Q1 2024.
Operating earnings were $9.6 billion versus $11.2 billion; insurance-underwriting earnings were $1.3 billion versus $2.6 billion.
BNSF earnings rose to $1.2 billion from $1.1 billion, and Berkshire Hathaway Energy earnings rose to $1.1 billion from $717 million.
The company urged investors to read its 10-Q, which it said has been posted on its website.
Berkshire Hathaway reported fourth-quarter 2024 net earnings of $19.7 billion, down from $37.6 billion a year earlier, mainly because investment gains fell to $5.2 billion from $29.1 billion. Operating earnings, which exclude investment gains and losses, rose to $14.5 billion from $8.5 billion, and full-year 2024 net earnings were $89.0 billion versus $96.2 billion in 2023.
Q4 2024 net earnings attributable to Berkshire shareholders were $19.7 billion, versus $37.6 billion in Q4 2023.
Q4 2024 operating earnings were $14.5 billion, versus $8.5 billion in Q4 2023; full-year operating earnings were $47.4 billion, versus $37.4 billion.
Q4 2024 net earnings per Class B share were $9.13, versus $17.36 a year earlier; full-year 2024 was $41.27, versus $44.27.
Berkshire used approximately $2.9 billion to repurchase its shares in 2024; insurance float was approximately $171 billion at December 31, 2024.
Berkshire Hathaway reported third-quarter 2024 net earnings of $26.3 billion, compared with a net loss of $12.8 billion a year earlier, driven mainly by investment gains. Operating earnings, which exclude investment gains and losses, fell to $10.1 billion from $10.8 billion, and nine-month net earnings rose to $69.3 billion from $58.6 billion.
Q3 2024 net earnings of $26.3 billion versus a net loss of $12.8 billion in Q3 2023
Q3 2024 investment gains of $16.2 billion versus investment losses of $23.5 billion a year earlier
Q3 2024 operating earnings of $10.1 billion, down from $10.8 billion; insurance-underwriting earnings fell to $750 million from $2.4 billion
Berkshire used approximately $2.9 billion to repurchase its shares in the first nine months of 2024
Berkshire Hathaway reported second-quarter 2024 net earnings attributable to shareholders of $30.3 billion, down from $35.9 billion a year earlier, mainly because investment gains fell to $18.8 billion from $25.9 billion. Operating earnings, which exclude investment and derivative gains and losses, rose to $11.6 billion from $10.0 billion, and the company repurchased about $345 million of its shares during the quarter.
Q2 2024 net earnings $30,348 million versus $35,912 million in Q2 2023; first six months $43,050 million versus $71,416 million
Q2 2024 operating earnings $11,598 million versus $10,043 million; first six months $22,820 million versus $18,108 million
Q2 2024 net earnings per Class A share $21,122 versus $24,775 a year earlier
Share repurchases of about $345 million in Q2 2024 and $2.9 billion for the first six months; insurance float about $169 billion at June 30, 2024
Berkshire Hathaway reported first-quarter 2024 net earnings attributable to shareholders of $12.7 billion, down from $35.5 billion a year earlier, mainly because of investment swings. Operating earnings, which exclude investment gains and losses, rose to $11.2 billion from $8.1 billion. Shareholders also met on May 4, 2024, and rejected all six shareholder proposals.
Q1 2024 net earnings: $12.7 billion, versus $35.5 billion in Q1 2023
Q1 2024 operating earnings: $11.2 billion, versus $8.1 billion in Q1 2023
Investment losses included about $9.7 billion of unrealized losses on equity holdings in Q1 2024
All six shareholder proposals were voted down at the May 4, 2024 annual meeting
Berkshire Hathaway reported fourth-quarter 2023 net earnings attributable to shareholders of $37.6 billion, up from $18.1 billion a year earlier, and operating earnings of $8.5 billion, up from $6.6 billion. Investment and derivative gains of $29.1 billion made up most of the net earnings increase, and the company says investment gains in any quarter are usually not indicative of business performance. For the full year, net earnings were $96.2 billion compared with a loss of $22.8 billion in 2022.
Q4 2023 net earnings of $37.6 billion versus $18.1 billion in Q4 2022, including investment and derivative gains of $29.1 billion
Q4 2023 operating earnings of $8.5 billion versus $6.6 billion; insurance-underwriting earnings rose to $848 million from $160 million
Full-year 2023 net earnings of $96.2 billion versus a $22.8 billion loss in 2022; full-year operating earnings of $37.4 billion versus $30.9 billion
Berkshire repurchased about $2.2 billion of its shares in Q4 2023 and about $9.2 billion for the full year
Berkshire Hathaway reported a third-quarter 2023 net loss attributable to shareholders of $12.8 billion, compared with a $2.8 billion loss a year earlier, driven by $23.5 billion of investment and derivative losses. Operating earnings, which exclude those investment results, rose to $10.8 billion from $7.7 billion. For the first nine months, net earnings were $58.6 billion, compared with a $40.8 billion loss in the same period of 2022.
Q3 2023 net loss attributable to Berkshire shareholders: $12.8 billion, versus $2.8 billion in Q3 2022
Q3 2023 operating earnings: $10.8 billion, up from $7.7 billion; insurance-underwriting earnings were $2.4 billion versus a $1.1 billion loss
Q3 2023 railroad earnings fell to $1.2 billion from $1.4 billion; utilities and energy fell to $498 million from $1.6 billion
Nine-month 2023 net earnings: $58.6 billion; about $7.0 billion used to repurchase shares through September 30, 2023
Berkshire Hathaway reported second-quarter 2023 net earnings attributable to shareholders of $35.9 billion, compared with a net loss of $43.6 billion in the second quarter of 2022. Operating earnings, which exclude investment and derivative gains and losses, rose to $10.0 billion from $9.4 billion, and the company said it repurchased about $1.4 billion of its shares during the quarter.
Net earnings were $35.9 billion in Q2 2023 versus a $43.6 billion loss in Q2 2022; investment and derivative gains were $25.9 billion, compared with losses of $53.0 billion a year earlier.
Operating earnings were $10.0 billion in Q2 2023, up from $9.4 billion in Q2 2022.
Berkshire repurchased about $1.4 billion of its shares in Q2 2023, bringing the six-month total to $5.8 billion.
Insurance float was about $166 billion at June 30, 2023, up about $2 billion from year-end 2022.
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