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BERKSHIRE HATHAWAY STOCK INTELLIGENCE

Berkshire Hathaway Inc. Returns by Year: 1997 to Present

Explore Berkshire Hathaway Inc. returns by year from 1997 to present. Analyze the current-year return, 1-year, 3-year, 5-year, 10-year and 20-year returns, average historical returns, positive and negative market years, and long-term market performance using the interactive research explorer.

Research & Analysis by • Quant Researcher • TradingNInvestment

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Berkshire Hathaway Inc. Historical Return Statistics

Historical Berkshire Hathaway Inc. annual price-return statistics from 1997 to present, with the current year reported separately as year-to-date.

Historical Coverage
1997 to Present
Latest verified market data
Average Annual Return
+12.90%
Completed calendar years
Median Annual Return
+15.46%
Completed calendar years
Positive / Non-Negative Years
23
79.31% of completed years
Negative Years
6
20.69% of completed years
Best Year
+52.70%
1998
Worst Year
-32.14%
2008
Current Year Return
-0.43%
2026 YTD • YTD

Berkshire Hathaway Inc. 1-Year, 3-Year, 5-Year, 10-Year and 20-Year Returns

Period returns are compounded from the latest completed calendar-year Berkshire Hathaway Inc. price returns. Multi-year cards also show the annualized return for the same completed-year period.

1-Year Return
+10.89%
2025 completed calendar year
3-Year Return
+17.62%
2023–2025 • Annualized
5-Year Return
+16.74%
2021–2025 • Annualized
10-Year Return
+14.30%
2016–2025 • Annualized
20-Year Return
+11.33%
2006–2025 • Annualized
Growth of $10,000
See how a hypothetical $10,000 investment in Berkshire Hathaway grew over time.
1997–2025Long-term growth
RETURN BREAKDOWN20-Year Comparison
Return ComponentEnding ValueCAGRContribution
Price Return$85,61611.3%100.0%
Dividend + Reinvestment+$0—0.0%
Total Return$85,61611.3%100.0%
CONTRIBUTION THROUGH TIMEHow Reinvestment Compounded
YearPrice WealthTotal WealthDividend + ReinvestmentContribution
2006$12,489$12,489+$00.0%
2007$16,134$16,134+$00.0%
2008$10,949$10,949+$00.0%
···2023$60,749$60,749+$00.0%
2024$77,206$77,206+$00.0%
2025$85,616$85,616+$00.0%

Contribution % represents the share of ending total-return wealth associated with the difference between the dividend-reinvested total-return path and the price-only path. It is not the historical dividend yield.

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Annual Returns

Berkshire Hathaway Inc. Annual Price Returns by Year

Performance
Time Period
Custom Range
From
→
To
TradingNInvestment research visualization. Historical return calculations, analysis and presentation by Kamal Khondkar. Underlying market data source: Yahoo Finance / BRK-B.
Benchmark Comparison

Berkshire Hathaway Inc. vs. S&P 500 Returns

Annual price-return comparison across overlapping completed calendar years from 1997 through 2025. Excess return is Berkshire Hathaway Inc. return minus S&P 500 return.

Years Compared
29
Berkshire Hathaway Inc. Avg. Return
+12.90%
S&P 500 Avg. Return
+9.55%
Avg. Excess Return
+3.35%
Outperformed
18 years
62.1% of comparable years
Underperformed
11 years
YearBerkshire Hathaway Inc.S&P 500DifferenceResult
2025+10.89%+16.39%-5.50%Underperformed
2024+27.09%+23.31%+3.78%Outperformed
2023+15.46%+24.23%-8.77%Underperformed
2022+3.31%-19.44%+22.75%Outperformed
2021+28.95%+26.89%+2.06%Outperformed
2020+2.37%+16.26%-13.89%Underperformed
2019+10.93%+28.88%-17.95%Underperformed
2018+3.01%-6.24%+9.24%Outperformed
2017+21.62%+19.42%+2.20%Outperformed
2016+23.43%+9.54%+13.90%Outperformed

Comparison uses calendar-year price returns over the common historical period. Current-year YTD performance is shown separately and is excluded from completed-year statistics.

Comparative Intelligence

BRK-B vs. ^GSPC

Rolling 10-Year Annualized Returns

Each point shows the annualized price return over the trailing 10 completed calendar years. Select a year to compare the long-term return for BRK-B and ^GSPC.

● BRK-B● ^GSPC
2025
14.30%BRK-B
2025
12.85%^GSPC
Excess
+1.45%BRK-B − ^GSPC
20062025Annualized Return (%)

Price-return comparison. Rolling results are calculated from annual calendar-year returns and exclude the current incomplete year. Hover or tap a year to inspect the values.

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Usage & Licensing

This TradingNInvestment research visualization and associated analysis are provided for personal, educational, and non-commercial research use with appropriate TradingNInvestment attribution.

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Berkshire Hathaway Inc. Annual Returns by Year: 1997 to Present

Showing 29 annual price-return observations for 1997–2025.

● Negative● 0% – <10%● ≥10%
YearBerkshire Hathaway Price ReturnReturn Category
2025+10.89%≥10%
2024+27.09%≥10%
2023+15.46%≥10%
2022+3.31%0% – <10%
2021+28.95%≥10%
2020+2.37%0% – <10%
2019+10.93%≥10%
2018+3.01%0% – <10%
2017+21.62%≥10%
2016+23.43%≥10%
2015-12.06%Negative
2014+26.64%≥10%
2013+32.17%≥10%
2012+17.56%≥10%
2011-4.76%Negative
2010+21.90%≥10%
2009+2.24%0% – <10%
2008-32.14%Negative
2007+29.19%≥10%
2006+24.89%≥10%
2005-0.02%Negative
2004+4.30%0% – <10%
2003+16.18%≥10%
2002-4.04%Negative
2001+7.26%0% – <10%
2000+28.63%≥10%
1999-22.13%Negative
1998+52.70%≥10%
1997+38.40%≥10%
The current year is reported as year-to-date (YTD). Historical figures shown on this page are Berkshire Hathaway Inc. price returns.

Interactive Berkshire Hathaway Inc. Return Statistics

Statistics below update with the selected filters. Average, median, best and worst annual returns use completed calendar years only, so the current YTD period does not distort historical annual statistics.

Average Annual Return
+12.90%
29 completed years
Median Annual Return
+15.46%
Completed years only
Positive Years
23
79.31% of completed years
Negative Years
6
20.69% of completed years
Best Year
+52.70%
1998
Worst Year
-32.14%
2008
Historical Coverage
1997 to Present
Return Type
Berkshire Hathaway Price Return
Data Source
Yahoo Finance — Berkshire Hathaway Inc. Class B (BRK-B)
BERKSHIRE HATHAWAY INC. HISTORICAL MARKET RESEARCH

Berkshire Hathaway Inc. Historical Returns: What the Available Market History Shows

The history of Berkshire Hathaway Inc. returns shows how annual performance has varied across the available historical record.

This Berkshire Hathaway Inc. yearly returns database contains 29 completed calendar years from 1997 through 2025, plus the current 2026 year-to-date observation.

Across those 29 completed years, the average annual Berkshire Hathaway Inc. price return was +12.90%.

The median annual return was +15.46%.

Those summary statistics are useful, but the complete Berkshire Hathaway Inc. annual-return history provides more detail about how yearly performance has varied across the available record.

Looking at individual annual observations makes it possible to compare yearly outcomes using the same verified historical dataset.

POSITIVE YEAR HISTORY

Positive Berkshire Hathaway Inc. Years: Average Return +19.53%

One of the strongest findings in the historical Berkshire Hathaway Inc. returns dataset is the frequency of non-negative calendar years.

Of the 29 completed calendar years, 23 were non-negative.

That represents 79.31% of all completed years in the historical dataset.

In other words, roughly two-thirds of the completed calendar-year observations finished at or above where they began.

Across those 23 non-negative years, the average annual Berkshire Hathaway Inc. price return was +19.53%.

The median return among those non-negative years was +21.62%.

That median is useful because it shows that the positive-year average was not driven solely by a small number of extraordinary market gains.

Strongest Positive Berkshire Hathaway Inc. Year

The strongest completed year in the entire dataset was 1998, when the Berkshire Hathaway Inc. price return reached +52.70%.

For this research, a zero return is included in the non-negative group.

NEGATIVE YEAR HISTORY

Negative Berkshire Hathaway Inc. Years: Average Loss -12.52%

Negative years tell the other side of Berkshire Hathaway Inc. performance history.

Across the same 29 completed calendar years, 6 years were negative.

That represents 20.69% of completed years.

Looking only at those 6 negative years, the average annual Berkshire Hathaway Inc. price return was -12.52%.

The median negative-year return was -8.41%.

These figures show that a negative calendar year historically meant considerably more than simply finishing slightly below zero.

Worst Berkshire Hathaway Inc. Year

The worst calendar year in the dataset was 2008, when the Berkshire Hathaway Inc.price return fell -32.14%.

Negative calendar years occurred less frequently than non-negative calendar years, but several historical losses were substantial.

POSITIVE VS. NEGATIVE

What Positive and Negative Berkshire Hathaway Inc. Returns Show Together

Putting both groups together reveals one of the most important characteristics of historical Berkshire Hathaway Inc. returns.

There were 23 non-negative completed years compared with 6 negative completed years.

The average return during the 23 non-negative years was +19.53%.

The average return during the 6 negative years was -12.52%.

Across all 29 completed years together, the average annual Berkshire Hathaway Inc. price return was +12.90%.

The median annual return across the full historical period was +15.46%.

An investor rarely experiences the long-term historical average in any particular calendar year.

Instead, individual Berkshire Hathaway Inc. annual returns can vary substantially around that average.

That is one reason the complete Berkshire Hathaway Inc. historical returns by year table can be more informative than relying on a single long-term number.

AVERAGE RETURN

What Does the Berkshire Hathaway Inc. Average Return of +12.90% Mean?

Across the 29 completed calendar years in this dataset, the arithmetic Berkshire Hathaway Inc. average return was +12.90% per completed calendar year.

This is the arithmetic average of the individual annual price returns in the historical dataset.

It does not mean the market gained exactly 12.90% in a typical year.

Individual Berkshire Hathaway Inc. yearly returns frequently differed substantially from that number.

The median annual return of +15.46% provides a second way to evaluate the distribution.

Looking at both the average and median gives readers more information about historical Berkshire Hathaway Inc. returns than either statistic provides by itself.

These figures represent Berkshire Hathaway Inc. price returns, not total returns.

RECENT 3-YEAR VIEW

Berkshire Hathaway Inc. 3-Year Return View

The current Berkshire Hathaway Inc. 3-year return view covers 2024 through 2026 YTD.

Within that window, there are 2 completed calendar years.

The average annual price return across those completed years was +18.99%.

The median annual return was +18.99%.

2 of the 2 completed years were non-negative, representing 100.00% of completed observations.

0 completed years were negative, representing 0.00%.

The strongest completed year in the period was 2024 at +27.09%.

The weakest completed year was 2025 at +10.89%.

The current 2026 YTD return of -0.43% remains separate from those completed-year statistics.

3-Year Average Return Is Not the Same as 3-Year CAGR

The +18.99% figure is the arithmetic average of the completed annual price returns in this display window. It should not be described as a 3-year cumulative return or compound annual growth rate.

A true 3-year cumulative return or CAGR requires a different calculation.

This completed-year sample can be compared with the full 29-year historical record when interpreting recent-period results.

RECENT 5-YEAR VIEW

Berkshire Hathaway Inc. 5-Year Return View

The current Berkshire Hathaway Inc. 5-year return view covers 2022 through 2026 YTD.

Within that window, there are 4 completed calendar years.

The average annual price return across those completed years was +14.19%.

The median annual return was +13.18%.

4 of the 4 completed years were non-negative, representing 100.00% of completed observations.

0 completed years were negative, representing 0.00%.

The strongest completed year in the period was 2024 at +27.09%.

The weakest completed year was 2022 at +3.31%.

The current 2026 YTD return of -0.43% remains separate from those completed-year statistics.

5-Year Average Return Is Not the Same as 5-Year CAGR

The +14.19% figure is the arithmetic average of the completed annual price returns in this display window. It should not be described as a 5-year cumulative return or compound annual growth rate.

A true 5-year cumulative return or CAGR requires a different calculation.

This completed-year sample can be compared with the full 29-year historical record when interpreting recent-period results.

RECENT 10-YEAR VIEW

Berkshire Hathaway Inc. 10-Year Return View

The current Berkshire Hathaway Inc. 10-year return view covers 2017 through 2026 YTD.

Within that window, there are 9 completed calendar years.

The average annual price return across those completed years was +13.74%.

The median annual return was +10.93%.

9 of the 9 completed years were non-negative, representing 100.00% of completed observations.

0 completed years were negative, representing 0.00%.

The strongest completed year in the period was 2021 at +28.95%.

The weakest completed year was 2020 at +2.37%.

The current 2026 YTD return of -0.43% remains separate from those completed-year statistics.

10-Year Average Return Is Not the Same as 10-Year CAGR

The +13.74% figure is the arithmetic average of the completed annual price returns in this display window. It should not be described as a 10-year cumulative return or compound annual growth rate.

A true 10-year cumulative return or CAGR requires a different calculation.

This completed-year sample can be compared with the full 29-year historical record when interpreting recent-period results.

RECENT 20-YEAR VIEW

Berkshire Hathaway Inc. 20-Year Return View

The current Berkshire Hathaway Inc. 20-year return view covers 2007 through 2026 YTD.

Within that window, there are 19 completed calendar years.

The average annual price return across those completed years was +11.99%.

The median annual return was +15.46%.

16 of the 19 completed years were non-negative, representing 84.21% of completed observations.

3 completed years were negative, representing 15.79%.

The strongest completed year in the period was 2013 at +32.17%.

The weakest completed year was 2008 at -32.14%.

The current 2026 YTD return of -0.43% remains separate from those completed-year statistics.

20-Year Average Return Is Not the Same as 20-Year CAGR

The +11.99% figure is the arithmetic average of the completed annual price returns in this display window. It should not be described as a 20-year cumulative return or compound annual growth rate.

A true 20-year cumulative return or CAGR requires a different calculation.

This completed-year sample can be compared with the full 29-year historical record when interpreting recent-period results.

MARKET EXTREMES

Best and Worst Berkshire Hathaway Inc. Annual Returns

The strongest calendar-year price return in the dataset occurred in 1998 at +52.70%.

The worst annual price return occurred in 2008 at -32.14%.

These extremes are far removed from the full-dataset Berkshire Hathaway Inc. average return of +12.90%.

RETURN METHODOLOGY

Berkshire Hathaway Inc. Price Return vs. Total Return

Understanding the type of return used on this page is essential.

The historical figures presented here are Berkshire Hathaway Inc. price returns.

Price return measures the change in the market price of the asset between periods.

The figures on this page do not include dividends.

Therefore, these results should not be interpreted as Berkshire Hathaway Inc. total returns.

A total-return series would incorporate dividends or other distributions according to the methodology of that series.

The chart, historical table, filters, and statistics on this page represent Berkshire Hathaway Inc. price performance only.

2026 MARKET RETURN

Berkshire Hathaway Inc. Return 2026 YTD

The current dataset shows the Berkshire Hathaway Inc. return for 2026 at -0.43% YTD.

Unlike the completed historical calendar-year observations, 2026 is still in progress.

TradingNInvestment therefore displays the 2026 YTD return separately.

It is excluded from calculations such as the historical average, median, best completed year, and worst completed year.

This prevents a partial-year observation from being treated as though it were directly comparable with a completed calendar year.

The 2026 YTD result can change when the underlying verified market data is updated.

STATISTICAL CONTEXT

Why the Median Berkshire Hathaway Inc. Annual Return Matters

Average return is one of the most commonly quoted historical stock market statistics.

But the median provides useful additional information.

Across the 29 completed years, the median annual Berkshire Hathaway Inc. price return was +15.46%, compared with an average of +12.90%.

The difference indicates that the distribution of historical annual returns is not perfectly symmetrical.

Large negative years can pull the arithmetic average downward.

Average, median, positive-year frequency, negative-year frequency, best year, and worst year together provide a more complete view of historical Berkshire Hathaway Inc. returns.

No single statistic captures the entire history.

HISTORICAL FREQUENCY

How Often Have Berkshire Hathaway Inc. Returns Been Positive?

The dataset contains 23 non-negative years out of 29 completed years.

That corresponds to 79.31% of completed calendar years.

This is a historical frequency, not a probability forecast.

It would be incorrect to say that Berkshire Hathaway Inc. has a 79.31% probability of rising next year simply because 79.31% of these historical observations were non-negative.

Future market conditions can differ substantially from historical conditions.

The statistic describes what occurred across the observed period, not what must happen in the future.

HISTORICAL CONTEXT

Why Study Historical Berkshire Hathaway Inc. Returns?

Historical Berkshire Hathaway Inc. returns provide context that recent performance alone cannot provide.

A large gain or decline can appear unusual when viewed only against the most recent observations.

Comparing the current period with the available historical distribution helps show how it relates to earlier outcomes.

Historical returns can help investors, researchers, students, and analysts examine how annual performance has varied through the available record.

They can also reduce the tendency to use only recent performance as the reference point for evaluating the current year.

INTERACTIVE RESEARCH

How to Use the Berkshire Hathaway Inc. Return Explorer

The TradingNInvestment Return Explorer is designed to make historicalBerkshire Hathaway Inc. returns easier to investigate.

Instead of presenting only a static chart, the tool allows readers to filter the same verified annual-return dataset.

Readers can examine all available years, non-negative years, negative years, and available historical periods.

The chart, annual-returns table, and summary statistics update from the same selected data.

Readers interested in downside history can examine the 6 negative calendar years in the completed-year dataset.

Readers studying non-negative historical performance can examine the 23 non-negative calendar years in the completed-year dataset.

When sufficient history is available, readers can also use the available period views to focus on more recent performance.

The purpose is not to predict the next Berkshire Hathaway Inc. return, but to make the available historical observations easier to explore and understand.

PERIOD SELECTION

Reading Berkshire Hathaway Inc. Performance History in Context

One of the biggest risks when studying historical returns is selecting a period that confirms an existing belief.

A short period can appear exceptionally strong or exceptionally weak depending on its starting and ending years.

Using the broader available Berkshire Hathaway Inc. history provides additional context for interpreting shorter periods.

Different historical windows can produce different average returns, frequencies of positive and negative years, and extreme outcomes.

None of those periods is inherently the single correct measure of historical performance. They answer different questions about different parts of the available record.

This is why TradingNInvestment provides both the available historical series and interactive period filters.

KEY TAKEAWAY

What the Available Berkshire Hathaway Inc. Return History Shows

The dataset contains 29 completed calendar years of Berkshire Hathaway Inc. price-return observations.

Of those completed years, 23 were non-negative and 6 were negative.

When completed years were non-negative, the average annual return was +19.53%.

When completed years were negative, the average annual return was -12.52%.

The strongest completed calendar year in the dataset was 1998 at +52.70%, while the weakest was 2008 at -32.14%.

The overall average annual Berkshire Hathaway Inc. price return across the 29 completed calendar years was +12.90%.

Together, these statistics provide a broader view of the historical return distribution than the average alone.

The complete Berkshire Hathaway Inc. annual-return dataset allows readers to examine the individual yearly observations behind the summary statistics.

TradingNInvestment aims to make market history simple to read, easy to understand, and rigorous enough to support serious market research.

Research Context

Berkshire Hathaway Inc. Historical Returns Research

This TNI research page examines Berkshire Hathaway Inc. annual price returns by calendar year. The published dataset covers 1997–2025and separates completed historical years from current-year performance.

Annual price return is calculated from the final available closing price of each calendar year relative to the final available closing price of the prior calendar year. The page provides the year-by-year dataset, historical statistics, interactive visualization, and research methodology.

BERKSHIRE HATHAWAY STOCK INTELLIGENCE

Berkshire Hathaway Stock Returns FAQ

Frequently asked questions based on TNI's verified historical annual-return dataset.

What is Berkshire Hathaway's historical average annual return?

Across 29 completed calendar years, Berkshire Hathaway's average annual berkshire hathaway price return was +12.90%. The current partial year is excluded from this historical average.

What is Berkshire Hathaway's 5-year return?

Over the latest five completed calendar years (2021–2025), Berkshire Hathaway produced a cumulative return of +116.78%, equivalent to an annualized return of +16.74%.

What is Berkshire Hathaway's 10-year return?

Over the latest ten completed calendar years (2016–2025), Berkshire Hathaway produced a cumulative return of +280.68%, equivalent to an annualized return of +14.30%.

How often has Berkshire Hathaway had a non-negative year?

Berkshire Hathaway had a non-negative annual return in 23 of 29 completed calendar years, or 79.31% of the historical observations in this dataset.

What were Berkshire Hathaway's best and worst years?

Berkshire Hathaway's strongest completed calendar year in this dataset was 1998, with a return of +52.70%. Its weakest was 2008, with a return of -32.14%.

How does Berkshire Hathaway compare with the S&P 500?

The S&P 500 comparison on this page places Berkshire Hathaway's annual price returns beside the benchmark on a year-by-year basis. This keeps the comparison on the same price-return basis rather than mixing price return with dividend-adjusted total return.

Methodology & Source

How the annual returns are calculated

Annual price return is calculated using the final available close of each calendar year relative to the final available close of the prior calendar year. The current calendar year is shown as YTD and is excluded from completed-year summary statistics.

Data Source: Yahoo Finance — Berkshire Hathaway Inc. Class B (BRK-B). Return Type: Berkshire Hathaway Price Return.

MARKET INTELLIGENCEDELAYED

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Selected market-moving developments identified by TNI.

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Historical Returns Tell You What Happened Before. See What Is Happening Now.

Historical Berkshire Hathaway Inc. returns provide context for long-term market performance, strong years, drawdowns, and changing market conditions. TNI Intelligence tracks current market-moving news and live market intelligence as conditions change.

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