Business & Finance

Berkshire repurchases $9.6 billion in shares as third-quarter profit drops

Associated Press reports Berkshire Hathaway's third-quarter profit fell more than 28% to $22.1 billion, while operating earnings slipped nearly 6%.

Published Nov 8, 2026 · 17:12 UTC1 reports

The short version

Associated Press reports Berkshire Hathaway repurchased $9.6 billion of its own shares in the third quarter.[Associated Press]
Total profit fell more than 28% to $22.1 billion, and operating earnings slipped nearly 6% to $12.7 billion.[Associated Press]
Underwriting profit across Berkshire's insurance units fell to $1.35 billion, with Geico's share down to $982 million.[Associated Press]
Operating earnings of $8,907 per Class A share exceeded the $8,821.84 forecast from four analysts surveyed by FactSet.[Associated Press]

Berkshire repurchased $9.6 billion of its own shares in the third quarter.[Associated Press]
Third-quarter profit was $22.1 billion, or $15,502 per Class A share, compared with $30.8 billion a year earlier.[Associated Press]
Operating earnings were $12.7 billion, or $8,907 per Class A share, compared with $13.485 billion a year earlier.[Associated Press]
Berkshire's cash reserves reached $377.4 billion, up from $365.5 billion at the end of June.[Associated Press]
Underwriting profit across Berkshire's insurers fell to $1.35 billion from $2.37 billion a year earlier.[Associated Press]
Geico generated $982 million in underwriting profit, down from $1.77 billion a year earlier.[Associated Press]
Four analysts surveyed by FactSet had forecast operating earnings of $8,821.84 per Class A share.[Associated Press]

Reported profit figures are heavily affected by investment valuation changes, which can vary widely and are excluded from operating earnings, so year-over-year net profit comparisons may not reflect core business performance.[Associated Press]

Outlet counts describe coverage, not independent confirmation. Reports may share a wire service or original source.