Warren Buffett’s Berkshire Hathaway Reports Strong Q3 2025 Earnings
Berkshire Hathaway Inc., led by billionaire investor Warren Buffett, released its third-quarter financial results for 2025, showing solid performance across its portfolio of businesses and investments. The company reported $94.97 billion in total revenue and $14.28 in earnings per share for the quarter.
Key Financial Highlights – Q3 2025
- Total Revenue: $94.97 billion
- Net Earnings: $30.8 billion (up from $26.25 billion a year earlier)
- Net Gain from Investments: $17.31 billion vs $16.16 billion last year
- Cash and Equivalents: $381.7 billion as of September 30, 2025
- Insurance Float: $176 billion
- Outstanding Class A Equivalent Shares: 1,438,223
Stock Repurchase and Investment Activity
Berkshire Hathaway did not repurchase any of its shares during the third quarter or in the first 20 days of October 2025. This marks the twelfth consecutive quarter in which the company was a net seller of stocks, continuing Buffett’s cautious investment stance amid high market valuations.
Top 5 Holdings Concentrate Portfolio Value
As of September 30, 2025, Berkshire Hathaway’s five largest equity holdings made up about 66% of the total fair value of its investment portfolio. These key holdings include:
- Apple Inc. (AAPL)
- American Express (AXP)
- Bank of America (BAC)
- Chevron Corporation (CVX)
- The Coca-Cola Company (KO)
Notably, Berkshire owned 22% of American Express’s outstanding common stock as of the same date.
Balance Sheet Strength and Liquidity
Berkshire’s cash and short-term investments climbed to $381.7 billion, reflecting the company’s strong liquidity position. The insurance float, which represents funds available for investment from policyholder premiums, remained at approximately $176 billion.
Despite market volatility, Berkshire continues to maintain one of the largest cash reserves in corporate America, giving Buffett flexibility for future acquisitions or share buybacks.
Conclusion
Berkshire Hathaway’s third-quarter 2025 results underline the company’s financial stability, disciplined investment strategy, and continued dominance in the U.S. corporate landscape. With massive cash reserves and a portfolio centered around high-quality companies, Berkshire remains a cornerstone for long-term value investors.
As Warren Buffett often says, “Be fearful when others are greedy, and greedy when others are fearful.” His company’s cautious approach in 2025 reflects just that philosophy.
