Berkshire Hathaway Inc.

Letters to shareholders

Warren E. Buffett’s letters from 1977 to 2024, and Greg Abel’s letter for 2025.

The most recent letter

The most recent letter2025Greg AbelPDF

By year

Updated February 28, 2026

    1. 1977 letter (HTML)
    2. 1978 letter (HTML)
    3. 1979 letter (HTML)
    1. 1980 letter (HTML)
    2. 1981 letter (HTML)
    3. 1982 letter (HTML)
    4. 1983 letter (HTML)
    5. 1984 letter (HTML)
    6. 1985 letter (HTML)
    7. 1986 letter (HTML)
    8. 1987 letter (HTML)
    9. 1988 letter (HTML)
    10. 1989 letter (HTML)
    1. 1990 letter (HTML)
    2. 1991 letter (HTML)
    3. 1992 letter (HTML)
    4. 1993 letter (HTML)
    5. 1994 letter (HTML)
    6. 1995 letter (HTML)
    7. 1996 letter (HTML)
    8. 1997 letter (HTML)
    9. 1998 letter (HTML)
    10. 1999 letter (HTML)
    1. 2000 letter (HTML)
    2. 2001 letter (HTML)
    3. 2002 letter (HTML)
    4. 2003 letter (HTML)
    5. 2004 letter (PDF)
    6. 2005 letter (PDF)
    7. 2006 letter (PDF)
    8. 2007 letter (PDF)
    9. 2008 letter (PDF)
    10. 2009 letter (PDF)
    1. 2010 letter (PDF)
    2. 2011 letter (PDF)
    3. 2012 letter (PDF)
    4. 2013 letter (PDF)
    5. 2014 letter (PDF)
    6. 2015 letter (PDF)
    7. 2016 letter (PDF)
    8. 2017 letter (PDF)
    9. 2018 letter (PDF)
    10. 2019 letter (PDF)
    1. 2020 letter (PDF)
    2. 2021 letter (PDF)
    3. 2022 letter (PDF)
    4. 2023 letter (PDF)
    5. 2024 letter (PDF)
    6. 2025 letter by Greg Abel (PDF)

1977–2003 HTML · 2004–2025 PDF

Also from the letters page

All shareholder letters include copyrighted material reproduced with permission.