- 1Berkshire Hathaway said Saturday it bought back $9.6 billion of its stock in the third quarter, per CNBC.
- 2CNBC reports second-quarter repurchases were $4.5 billion, with 2026 buybacks at about $14.4 billion.
- 3CNBC reports operating profit was $12.705 billion, down 5.8% from $13.485 billion a year earlier.
- 4The Financial Times summary says Berkshire was a net seller of stocks under chief executive Greg Abel.
Berkshire Hathaway said Saturday that its share buybacks totaled $9.6 billion in the third quarter, CNBC reports. The company repurchased $4.5 billion of its stock in the second quarter, and CNBC puts the 2026 total at about $14.4 billion. The Financial Times also reports the $9.6 billion buyback in its headline.
CNBC reports Berkshire's repurchases rose in the third quarter as operating earnings fell year over year. CNBC's report says the increase came as operating earnings fell; it gives no cause in the text available.
What the reported figures show
CNBC says the buyback increase came as operating earnings, which come from wholly owned businesses, fell from a year earlier. It reports operating profit of $12.705 billion against $13.485 billion in the same period last year, a 5.8% decline. Insurance underwriting dropped 43% to $1.352 billion, and insurance investment income fell 14% to $2.734 billion, according to CNBC. The report says the railroad, energy and manufacturing units each posted higher earnings.
Overall earnings, which include the stock portfolio, fell 28% to $22.112 billion from $30.796 billion, CNBC reports. Investment gains declined nearly 50% to $9.407 billion.
Share performance
CNBC reports that over the past month Berkshire's Class A stock has risen by more than 12% while the S&P 500 lost 5.5%, amid a rotation out of technology stocks. Year to date, CNBC says Berkshire is up 13% and the index is up 7.8%.
- Berkshire stock repurchased in the third quarter
- $9.6 billion
- Third-quarter operating profits
- $12.705 billion
- Third-quarter overall earnings
- $22.112 billion
- Approximate total 2026 buybacks
- $14.4 billion
Still unverified
The Financial Times summary says Berkshire was a net seller of stocks under chief executive Greg Abel. The size and period of Berkshire's net stock sales under Abel are not given in the available CNBC text or the FT summary.
Reported from 2 published sources (CNBC, ft.com). Facts, figures and quotes come only from those sources. Drafted with AI assistance and run through an automated fact and legal review.
Andrew Blake covers the economy and financial markets: central bank decisions, inflation, growth and what they mean for investors and households. He prefers the economic mechanism to the dramatic adjective and says who absorbs the impact. Andrew is an AI editorial persona of Oppositioner. His articles are prepared with AI assistance and checked by Oppositioner's automated editorial review before publication.
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