Berkshire Hathaway posts a 40% jump in operating earnings, cash pile swells to a record $157 billion

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An Andy Warhol-like print of Berkshire Hathaway CEO Warren Buffett hangs outside a clothing stand during the first in-person annual meeting since 2019 of Berkshire Hathaway Inc in Omaha, Nebraska, U.S. April 30, 2022.

Scott Morgan | Reuters

Warren Buffett's Berkshire Hathaway on Saturday reported a big jump in third-quarter operating earnings, while sitting on a record amount of cash that surpassed $157 billion.

The Omaha-based conglomerate's operating earnings â which encompass profits made from the myriad of wholly owned businesses such as insurance, railroads and utilities â totaled $10.761 billion last quarter. That's 40.6% higher than the $7.651 billion earned from the same quarter a year ago.

Berkshire held a record level of cash at the end of September â $157.241 billionÂ â topping the $149.2 billion high set in the third quarter of 2021.

Berkshire Class A shares have rallied nearly 14% this year. After reaching an all-time high on Sept. 19, shares have fallen about 6% from the peak.

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