Warren Buffett officially retired at the end of 2025, stepping down from his role as CEO of Berkshire Hathaway. The company's performance for his final full year in charge was highly anticipated.

On February 28, Berkshire Hathaway disclosed its fourth-quarter earnings. For the full year of 2025, the company reported a net profit of $66.968 billion, compared to $88.995 billion in the same period the previous year. Fourth-quarter operating profit was $10.2 billion, while the net profit for the quarter stood at $19.2 billion.

As of December 31, 2025, its five largest stock holdings were American Express, Apple, Bank of America, Coca-Cola, and Chevron.

Fourth-quarter operating profit saw a significant decline of 30% compared to the same period last year, which had recorded $14.53 billion. The net profit for the quarter decreased by 2.5%. The insurance underwriting business reported an operating profit of $1.56 billion for the quarter, a drop of 54%. Operating profit from the insurance investment segment was $3.07 billion, down 25% year-over-year.

Berkshire's cash reserves reached $373.31 billion in the fourth quarter. The company recorded a $4.5 billion impairment on its investments in Kraft Heinz and Occidental Petroleum.

As of the end of 2025, insurance float amounted to approximately $176 billion, an increase of $5 billion from the end of 2024.

In 2025, the per-share market value of Berkshire Hathaway increased by 10.9%. Over the long term, from 1965 to 2025, the compound annual growth rate for Berkshire's per-share market value was 19.7%, significantly outperforming the S&P 500's 10.5%.

The cumulative growth in market value from 1964 to 2025 for Berkshire Hathaway reached an astonishing 6,099,294%, equivalent to a 60,992-fold increase. In contrast, the S&P 500 index grew by 46,061%, or 460 times, over the same period.