Berkshire's Operating Profit Fell 6% as Buybacks Reached $9.6 Billion
Berkshire Hathaway's third-quarter operating earnings dropped 6% to $12.7 billion, while its share repurchases hit $9.6 billion, according to Barron's.
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what happened
Berkshire Hathaway's operating earnings after taxes fell 6% to $12.7 billion in the third quarter, according to Barron's. Weaker underwriting and investment income at the company's large insurance units drove the decline. Higher profits from its railroad, utility and manufacturing and service businesses partly offset the drop. The overall figure matched the consensus estimate.
The main story is the buyback. The company repurchased $9.6 billion of stock in the period, up from $4.5 billion in the second quarter and probably its highest quarterly total ever. The amount beat expectations and suggests that CEO Greg Abel and controlling shareholder Warren Buffett viewed the shares as inexpensive.
why it matters
Large repurchases support demand for the company's stock. Since the end of the third quarter, the shares have risen about 15% and hit new highs in the past week, and they are up roughly 13.5% so far this year.
market impact
Berkshire Hathaway shares: record buyback supports demand for the stock
- Berkshire Hathaway shares pressure up — large share repurchases add steady demand for the stock
tags
instruments
sources
- Berkshire's Operating Earnings Fell 6%. Buybacks Hit $9.6B. — Barrons.com, 7 November 2026 at 13:17 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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