Shares outstanding are shares that have been authorized, issued, and purchased by investors and are held by them. Berkshire Hathaway's shares outstanding for the quarter that ended in Mar. 2026 was 2,157 Mil.
Berkshire Hathaway's quarterly shares outstanding
declined
from Dec. 2025 (2,157 Mil) to Mar. 2026 (2,157 Mil).
It means Berkshire Hathawaybought back shares from Dec. 2025 to Mar. 2026 .
Berkshire Hathaway's annual shares outstanding
stayed the same
from Dec. 2024 (2,157 Mil) to Dec. 2025 (2,157 Mil).
A company may buy back shares or issue shares in any fiscal period. If a company buys back shares, we should observe that the total number of shares decline. If the company issues new shares, the number of shares outstanding increases.
Usually the presence of treasury shares and a history of buyback are good indicators that company has competitive advantage. But studies have shown that companies usually buy back at wrong time. Buying back shares below its intrinsic value increases value for remaining shareholders. Buying back overvalued shares destroys value for existing shareholders.
Be Aware
Warren Buffett looks for consistency and upward long term trend. Because of share repurchase it is possible for net earnings trend to differ from EPS trend. He preferred net income over EPS. The companies with durable competitive advantage companies report higher % net earnings to total revenues.
Important: If a company is showing net earnings history greater than 20% on total revenues, it is probably benefiting from a long term competitive advantage.
If net earnings is less than 10%, likely to be in a highly competitive business.
Berkshire Hathaway Shares Outstanding (EOP) Related Terms
Berkshire Hathaway Shares Outstanding (EOP) Historical Data
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The historical data trend for Berkshire Hathaway's Shares Outstanding (EOP) can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
XSWX:BRK vs AIG, HIG, ACGL: Shares Outstanding (EOP) Comparison
For the Insurance - Diversified subindustry, Berkshire Hathaway's Shares Outstanding (EOP), along with its competitors' market caps and Shares Outstanding (EOP) data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Berkshire Hathaway Shares Outstanding (EOP) vs Insurance Industry
For the Insurance industry and Financial Services sector, Berkshire Hathaway's Shares Outstanding (EOP) distribution charts can be found below:
* The bar in red indicates where Berkshire Hathaway's Shares Outstanding (EOP) falls into.
Shares outstanding are shares that have been authorized, issued, and purchased by investors and are held by them. They have voting rights and represent ownership in the corporation by the person that holds the shares. They should be distinguished from treasury shares, which are shares held by the corporation itself, having no exercisable rights.
Shares outstanding can be calculated as either basic or fully diluted. The fully diluted shares outstanding count includes diluting securities, such as options, warrants or convertibles.
What does a Shares Outstanding (EOP) of 2,157 Mil mean?
Berkshire Hathaway (XSWX:BRK) has a Shares Outstanding (EOP) of 2,157 Mil as of Mar. 2026. The total shares a company has outstanding, at period-end. View historical data on Berkshire Hathaway and its competitors.
Is Berkshire Hathaway's Shares Outstanding (EOP) too high?
Berkshire Hathaway's current Shares Outstanding (EOP) is 2,157 Mil. Overall, Berkshire Hathaway has a GF Score™ of 74/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Berkshire Hathaway's Shares Outstanding (EOP) compare to AIG and HIG?
Berkshire Hathaway's Shares Outstanding (EOP) of 2,157 Mil can be compared against companies in the Insurance industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Shares Outstanding (EOP) for an Insurance company?
A good Shares Outstanding (EOP) depends on the Insurance industry context. However, Shares Outstanding (EOP) should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Shares Outstanding (EOP) mean?
A high Shares Outstanding (EOP) can signal that a stock is expensive relative to its fundamentals. The total shares a company has outstanding, at period-end. View historical data on Berkshire Hathaway and its competitors. Berkshire Hathaway's current Shares Outstanding (EOP) is 2,157 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Berkshire Hathaway stock overvalued right now?
Based on GuruFocus' analysis, Berkshire Hathaway (XSWX:BRK) is currently considered Fairly Valued. The stock's GF Value™ is CHF428.04, compared to a current price of CHF403.90 — trading 5.6% below its estimated fair value. The current Shares Outstanding (EOP) is 2,157 Mil. Berkshire Hathaway's overall GF Score™ is 74/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Shares Outstanding (EOP) calculated?
Shares Outstanding (EOP) is calculated from a company's financial statements. For Berkshire Hathaway (XSWX:BRK), the current Shares Outstanding (EOP) is 2,157 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Berkshire Hathaway (XSWX:BRK) Overvalued in 2026?
Based on GuruFocus' analysis, Berkshire Hathaway stock appears to be undervalued.
The current stock price of CHF403.90 is trading 5.6% below its estimated GF Value™ of CHF428.04.
GuruFocus considers Berkshire Hathaway to be Fairly Valued.
Key valuation signals for XSWX:BRK:
Shares Outstanding (EOP): 2,157 Mil
GF Value™: CHF428.04 vs. price of CHF403.90 (5.6% below fair value)
No single metric tells the full story. See the XSWX:BRK stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Berkshire Hathaway is a holding company with a wide array of subsidiaries engaged in diverse activities. The firm's core business segment is insurance, run primarily through Geico, Berkshire Hathaway Reinsurance Group, and Berkshire Hathaway Primary Group. Berkshire has used the excess cash thrown off from its operations to acquire Burlington Northern Santa Fe (railroad), Berkshire Hathaway Energy (utilities and energy distributors), and the companies that make up its manufacturing, service, and retailing operations (which include Precision Castparts, Lubrizol, Clayton Homes, Marmon, and IMC/ISCAR). The conglomerate is unique in that it is run on a completely decentralized basis. Berkshire generated close to $371.4 billion in operating revenue in during 2025.
74GF Score
Get the complete analysis for XSWX:BRK
Shares Outstanding (EOP) is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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