Berkshire Hathaway (BRK-B) Revenue — Quarter Ended Jun 30, 2024
Revenue for the quarter increased compared to the prior quarter but declined relative to the same quarter last year. The sequential improvement reversed a decline seen in the preceding period.
Key takeaway
Quarter ended Jun 30, 2024 · FY2024 Q2
Revenue for the quarter increased compared to the prior quarter but declined relative to the same quarter last year. The sequential improvement reversed a decline seen in the preceding period.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$63.5B
Revenue reported for this quarter.
Quarter-over-quarter
+3.6%
Change from the immediately preceding quarter.
Year-over-year
-2.9%
Change from the comparable year-ago quarter.
Trailing four quarters
$254.6B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Sep 30, 2023 | $65.2B | +22.3% |
| Dec 31, 2023 | $64.6B | +23.9% |
| Mar 31, 2024 | $61.3B | +2.6% |
| Jun 30, 2024 | $63.5B | -2.9% |
Revenue performance
The reported revenue rose from the immediately preceding quarter, marking a positive sequential change. However, on a year-over-year basis, revenue was lower than the same quarter one year earlier.
Quarterly comparison
Compared to the prior quarter, revenue increased, while compared to the same quarter a year ago, it decreased. The trailing twelve-month revenue figure provides additional context for the annual trend.
What to watch
The year-over-year decline in revenue warrants attention, especially given the sequential recovery in the current quarter.