Berkshire Hathaway Posts Profit Decline As Tariff Concerns Rise And Buffett Prepares To Step Down

Benzinga

Berkshire Hathaway reported a 4% year-over-year drop in second quarter operating earnings to $11.16 billion, according to CNBC. Gains in railroads, energy, manufacturing, and retail offset declines in insurance underwriting. The company warned of potential widespread impacts from escalating U.S. tariffs under Trump’s trade policies, citing “considerable uncertainty” in global markets. Buffett’s cash reserves stood at $344.1 billion, just below the $347 billion recorded at the end of March. Berkshire sold $4.5 billion in equities during the first half of 2025, marking its 11th consecutive quarter as a net seller. This marks the first earnings release since Warren Buffett confirmed plans to step down as CEO by year-end, with Greg Abel named as his successor.

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00:00It's Benzinga, bringing Wall Street to Main Street.

00:02Berkshire Hathaway reported a 4% year-over-year drop in second quarter operating earnings

00:06to $11.16 billion, according to CNBC.

00:10Gains in railroads, energy, manufacturing, and retail

00:12offset declines in insurance underwriting.

00:15The company warned of potential widespread impacts from escalating U.S. tariffs

00:18under President Trump's trade policies,

00:20citing considerable uncertainty in global markets.

00:23Buffett's cash reserves started $344.1 billion,

00:26just below the $347 billion recorded at the end of March.

00:30Berkshire sold $4.5 billion in equities during the first half of 2025,

00:34marking its 11th consecutive quarter as a net seller.

00:37This marks the first earnings release since Warren Buffett confirmed plans

00:39to step down as CEO by year-end, with Greg Abel named as a successor.

00:43For all things money, visit Benzinga.com.

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