Berkshire Hathaway reports a 14 percent decline in Q1 operating profit, net income also falls

Warren Buffett-led Berkshire Hathaway reported a decline in first-quarter operating profit. According to an SEC filing on May 3, the operating profit for the quarter was $9.64 billion, a 14.1 percent decrease from $11.22 billion in the same quarter last year. Net income for the period also fell by 64 percent Year-on-Year to $4.6 billioncompared to $12.7 billion in the previous fiscal.

In its earnings report, Berkshire stated that its future operating results could be influenced by ongoing macroeconomic and geopolitical developments, as well as industry-specific or company-specific changes.

“The pace of these developments—including shifts in international trade policies and tariffs—has accelerated in 2025, creating significant uncertainty about their ultimate impact,” the company noted.

“At this time, we cannot reliably forecast how these factors may affect our businesses, including potential changes in product costs, supply chain efficiency and expenses, or customer demand for our goods and services,” it added.