Berkshire Hathaway annual return on equity
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
Berkshire Hathaway Return on Equity (ROE) Growth & History (BRK-B)
Berkshire Hathaway's return on equity was 9.80% for fiscal 2025.
View full Berkshire Hathaway company overviewBerkshire Hathaway annual return on equity history
| Fiscal year | Period ended | Return on equity | Change (percentage points) |
|---|---|---|---|
| 2025 | 2025-12-31 | 9.80% | −4.90 pp |
| 2024 | 2024-12-31 | 14.70% | −3.90 pp |
| 2023 | 2023-12-31 | 18.60% | +23.25 pp |
| 2022 | 2022-12-31 | −4.65% | −23.59 pp |
| 2021 | 2021-12-31 | 18.95% | +9.15 pp |
| 2020 | 2020-12-31 | 9.80% | −11.25 pp |
| 2019 | 2019-12-31 | 21.05% | +19.90 pp |
| 2018 | 2018-12-31 | 1.15% | −13.10 pp |
| 2017 | 2017-12-31 | 14.26% | +5.30 pp |
| 2016 | 2016-12-31 | 8.96% | −0.76 pp |
| 2015 | 2015-12-31 | 9.72% | +1.11 pp |
| 2014 | 2014-12-31 | 8.60% | −0.91 pp |
| 2013 | 2013-12-31 | 9.51% | +1.10 pp |
| 2012 | 2012-12-31 | 8.41% | +2.05 pp |
| 2011 | 2011-12-31 | 6.37% | −2.63 pp |
| 2010 | 2010-12-31 | 8.99% | +2.29 pp |
| 2009 | 2009-12-31 | 6.70% | — |
Berkshire Hathaway quarterly return on equity
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Q2.26
| Fiscal quarter | Period ended | Return on equity | Change (percentage points) |
|---|---|---|---|
| Q2 2026 | 2026-06-30 | 3.48% | +1.61 pp |
| Q1 2026 | 2026-03-31 | 1.40% | +0.69 pp |
| Q4 2025 | 2025-12-31 | 2.71% | −0.37 pp |
| Q3 2025 | 2025-09-30 | 4.51% | +0.24 pp |
| Q2 2025 | 2025-06-30 | 1.87% | −3.30 pp |
| Q1 2025 | 2025-03-31 | 0.71% | −1.54 pp |
| Q4 2024 | 2024-12-31 | 3.08% | −3.83 pp |
| Q3 2024 | 2024-09-30 | 4.27% | +6.66 pp |
| Q2 2024 | 2024-06-30 | 5.17% | −1.70 pp |
| Q1 2024 | 2024-03-31 | 2.24% | −5.02 pp |
| Q4 2023 | 2023-12-31 | 6.92% | +3.02 pp |
| Q3 2023 | 2023-09-30 | −2.40% | −1.79 pp |
| Q2 2023 | 2023-06-30 | 6.88% | +15.88 pp |
| Q1 2023 | 2023-03-31 | 7.26% | +6.16 pp |
| Q4 2022 | 2022-12-31 | 3.89% | −4.24 pp |
| Q3 2022 | 2022-09-30 | −0.61% | −2.80 pp |
| Q2 2022 | 2022-06-30 | −9.00% | −15.12 pp |
| Q1 2022 | 2022-03-31 | 1.10% | −1.53 pp |
| Q4 2021 | 2021-12-31 | 8.13% | −0.22 pp |
| Q3 2021 | 2021-09-30 | 2.19% | −5.26 pp |
| Q2 2021 | 2021-06-30 | 6.12% | −0.76 pp |
| Q1 2021 | 2021-03-31 | 2.63% | +15.12 pp |
| Q4 2020 | 2020-12-31 | 8.35% | +1.26 pp |
| Q3 2020 | 2020-09-30 | 7.45% | +3.22 pp |
| Q2 2020 | 2020-06-30 | 6.87% | +3.13 pp |
| Q1 2020 | 2020-03-31 | −12.49% | −18.53 pp |
| Q4 2019 | 2019-12-31 | 7.09% | +14.10 pp |
| Q3 2019 | 2019-09-30 | 4.24% | −0.82 pp |
| Q2 2019 | 2019-06-30 | 3.75% | +0.34 pp |
| Q1 2019 | 2019-03-31 | 6.04% | +6.36 pp |
| Q4 2018 | 2018-12-31 | −7.01% | −16.93 pp |
| Q3 2018 | 2018-09-30 | 5.05% | +3.72 pp |
| Q2 2018 | 2018-06-30 | 3.40% | +1.97 pp |
| Q1 2018 | 2018-03-31 | −0.33% | −1.74 pp |
| Q4 2017 | 2017-12-31 | 9.92% | +7.64 pp |
| Q3 2017 | 2017-09-30 | 1.34% | −1.37 pp |
| Q2 2017 | 2017-06-30 | 1.44% | −0.48 pp |
| Q1 2017 | 2017-03-31 | 1.41% | −0.76 pp |
| Q4 2016 | 2016-12-31 | 2.28% | +0.11 pp |
| Q3 2016 | 2016-09-30 | 2.70% | −1.11 pp |
| Q2 2016 | 2016-06-30 | 1.92% | +0.27 pp |
| Q1 2016 | 2016-03-31 | 2.17% | +0.03 pp |
| Q4 2015 | 2015-12-31 | 2.17% | +0.43 pp |
| Q3 2015 | 2015-09-30 | 3.81% | +1.86 pp |
| Q2 2015 | 2015-06-30 | 1.65% | −1.12 pp |
| Q1 2015 | 2015-03-31 | 2.14% | +0.05 pp |
| Q4 2014 | 2014-12-31 | 1.74% | −0.58 pp |
| Q3 2014 | 2014-09-30 | 1.96% | −0.50 pp |
| Q2 2014 | 2014-06-30 | 2.77% | +0.50 pp |
| Q1 2014 | 2014-03-31 | 2.09% | −0.44 pp |
| Q4 2013 | 2013-12-31 | 2.32% | −0.13 pp |
| Q3 2013 | 2013-09-30 | 2.46% | +0.30 pp |
| Q2 2013 | 2013-06-30 | 2.27% | +0.51 pp |
| Q1 2013 | 2013-03-31 | 2.54% | +0.63 pp |
| Q4 2012 | 2012-12-31 | 2.45% | +0.57 pp |
| Q3 2012 | 2012-09-30 | 2.17% | +0.76 pp |
| Q2 2012 | 2012-06-30 | 1.76% | −0.36 pp |
| Q1 2012 | 2012-03-31 | 1.90% | +0.95 pp |
| Q4 2011 | 2011-12-31 | 1.88% | −0.97 pp |
| Q3 2011 | 2011-09-30 | 1.41% | −0.63 pp |
| Q2 2011 | 2011-06-30 | 2.12% | +0.76 pp |
| Q1 2011 | 2011-03-31 | 0.95% | −1.66 pp |
| Q4 2010 | 2010-12-31 | 2.85% | +0.47 pp |
| Q3 2010 | 2010-09-30 | 2.04% | −0.71 pp |
| Q2 2010 | 2010-06-30 | 1.36% | — |
| Q1 2010 | 2010-03-31 | 2.61% | — |
| Q4 2009 | 2009-12-31 | 2.38% | — |
| Q3 2009 | 2009-09-30 | 2.75% | — |
Berkshire Hathaway return on equity trends
Over the last five fiscal years, Berkshire Hathaway's return on equity increased from 9.80% to 9.80%, a change of +0.00 percentage points. The latest reported quarter, Q2 2026, shows 3.48%.
About the metric
What return on equity (ROE) means
Return on equity (ROE) measures how much net income a company generates relative to shareholders’ equity. It can help evaluate how efficiently equity capital is used, but unusually high or negative values may reflect leverage, losses, or a small equity base.
Calculation and source
How return on equity is calculated
TickerStat calculates ROE as SEC-reported net income divided by average stockholders’ equity at the beginning and end of the fiscal period. Periods with missing or non-positive average equity are omitted. Quarterly ROE uses quarterly net income and is not annualized. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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