Berkshire Hathaway Total Operating Expenses decreased by 0.3% to $79.14B in Q3 2025 compared to the prior quarter. Year-over-year, this metric declined by 2.6%, from $81.22B to $79.14B. Over 3 years (FY 2021 to FY 2024), Total Operating Expenses shows an upward trend with a 9.0% CAGR. This increase may warrant attention — for this metric, lower values are generally preferred.
Rising expenses without a corresponding rise in revenue can indicate operational bloat or aggressive expansion efforts.
The sum of all costs required to run the business that are not directly tied to production, including R&D and SG&A. It r...
Investors compare this to revenue to assess the 'operating leverage' of a business model.
is_total_operating_expenses| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $60.93B | $63.40B | $63.59B | $62.40B | $64.97B | $68.03B | $71.23B | $76.09B | $80.64B | $80.65B | $83.76B | $76.53B | $79.63B | $81.22B | $78.32B | $78.27B | $79.38B | $79.14B |
| QoQ Change | — | +4.0% | +0.3% | -1.9% | +4.1% | +4.7% | +4.7% | +6.8% | +6.0% | +0.0% | +3.9% | -8.6% | +4.0% | +2.0% | -3.6% | -0.1% | +1.4% | -0.3% |
| YoY Change | — | — | — | — | +6.6% | +7.3% | +12.0% | +21.9% | +24.1% | +18.6% | +17.6% | +0.6% | -1.3% | +0.7% | -6.5% | +2.3% | -0.3% | -2.6% |
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