Income Before Tax
Pre-Tax Income
Berkshire Hathaway Pre-Tax Income decreased by 49.6% to $12.32B in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 139.3%, from $5.15B to $12.32B. Over 3 years (FY 2021 to FY 2025), Pre-Tax Income shows a downward trend with a -9.7% CAGR. This decline may warrant attention — for this metric, higher values are generally preferred.
Analysis
StatementIncome Statement
SectionIncome Before Tax
CategoryProfitability
SignalHigher is better
VolatilityModerate
First reportedQ1 2015
Last reportedQ1 2026May 4, 2026
How to read this metric
Higher values indicate stronger overall profitability and operational efficiency before tax impacts.
Detailed definition
Measures the profitability of the company after all operating and non-operating expenses have been deducted, but before...
Peer comparison
A standard GAAP metric used universally to compare pre-tax performance across different industries.
Metric ID:
income_before_taxHistorical Data
19 periods
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $35.72B | $12.48B | $49.13B | $6.96B | -$55.31B | -$4.26B | $44.75B | $45.44B | -$16.96B | $46.94B | $15.71B | $38.14B | $32.51B | $24.03B | $5.15B | $14.75B | $38.11B | $24.46B | $12.32B |
| QoQ Change | — | -65.1% | +293.5% | -85.8% | -895.0% | +92.3% | >999% | +1.5% | -137.3% | +376.8% | -66.5% | +142.8% | -14.8% | -26.1% | -78.6% | +186.5% | +158.3% | -35.8% | -49.6% |
| YoY Change | — | — | — | — | -254.8% | -134.1% | +543.3% | +182.1% | -298.3% | — | -64.9% | -16.1% | +291.7% | -48.8% | -67.2% | -61.3% | +17.2% | +1.8% | +139.3% |
Range-$55.31B – $49.13B
CAGR-21.1%
Avg YoY Growth+16.4%
Median YoY Growth-32.4%
Current Streak2 quarters decline
Product Breakdown
| Segment | FY'23 | FY'24 |
|---|---|---|
| Investments | $11.58B | $16.75B |
| Underwriting | $6.91B | $11.41B |
| Total | $120.17B | $110.38B |
All segment values are derived from annual filings.
Business Segments
| Segment | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 |
|---|---|---|---|---|---|---|---|---|
| Berkshire Hathaway Insurance Group | $6.92B | $5.63B | $9.13B | $5.28B | $6.54B | $6.88B | $6.02B | $5.57B |
| Manufacturing Businesses | $3.13B | $3.14B | $2.72B | $2.72B | $3.25B | $3.58B | $3.02B | $3.06B |
| Service And Retailing Businesses | $969.00M | $877.00M | $946.00M | $941.00M | $1.11B | $980.00M | $1.01B | $1.08B |
| Berkshire Hathaway Energy Company | $326.00M | $1.10B | $433.00M | $723.00M | $385.00M | $913.00M | $321.00M | $744.00M |
| Mc Lane Company | $142.00M | $145.00M | $182.00M | $181.00M | $176.00M | $173.00M | $146.00M | $144.00M |
| Pilot Travel Centers LLC | $199.00M | $217.00M | $128.00M | $168.00M | $119.00M | -$17.00M | — | -$50.00M |
| Total | $38.14B | $32.51B | $24.03B | $5.15B | $14.75B | $38.11B | $24.46B | $12.32B |
Pre-Tax Income at Other Companies
Frequently Asked Questions
- What is Berkshire Hathaway's pre-tax income?
- Berkshire Hathaway (BRK.A) reported pre-tax income of $12.32B in Q1 2026.
- How has Berkshire Hathaway's pre-tax income changed year-over-year?
- Berkshire Hathaway's pre-tax income increased by 139.3% year-over-year, from $5.15B to $12.32B.
- What is the long-term trend for Berkshire Hathaway's pre-tax income?
- Over 3 years (2021 to 2025), Berkshire Hathaway's pre-tax income has grown at a -9.7% compound annual growth rate (CAGR), from $111.86B to $82.46B.
- What does pre-tax income mean?
- Total profit earned before accounting for income tax obligations.