Berkshire Hathaway Leads Diversified Financial Services Q2 With $117.9 Billion Revenue Beat

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3▲2 ▼1Impact / 5
Summary · why it matters

Berkshire Hathaway posted the strongest Q2 among the 11 diversified financial services stocks tracked, reporting revenues of $117.9 billion, up 19.2% year on year and 15.7% above analysts' expectations, the largest estimate beat in the peer group. The Warren Buffett-led holding company also beat analysts' EPS estimates, though its stock is down 2.6% since reporting and trades at $759,608. Across the group, revenues beat consensus by 2.6% and next quarter's revenue guidance came in line, while share prices have collectively fallen 4.7% since the latest results. Paymentus reported revenues of $360.7 million, up 28.8% year on year and 4.3% above expectations, scoring the group's highest guidance raise and fastest revenue growth, but its stock is down 9.3% at $31.33. Western Union was the weakest performer, with revenues of $1.01 billion, down 1.3% year on year and 0.9% short of expectations, alongside a significant EBITDA miss and full-year EPS guidance well below analysts' expectations; its stock is down 20.3% at $6.13. Donnelley Financial Solutions reported revenues of $224.2 million, up 2.8% and 1.3% above expectations, but had the weakest guidance update, while Payoneer posted revenues of $274.3 million, up 5.2% and 1.2% above expectations, with EPS in line and its stock flat at $7.15.

Impact on assets 5

Digital Finance & Tokenization± Mixed
Western Union Co
WU
▼ NegativeCapitalrelevance

Western Union was the weakest performer: revenue down 1.3% YoY and 0.9% below expectations, a significant EBITDA miss, and full-year EPS guidance well below consensus.

Paymentus Holdings, Inc.
PAY
▲ PositiveCapitalrelevance

Paymentus reported $360.7M revenue, up 28.8% YoY and 4.3% above expectations, with the group's highest guidance raise and fastest growth.

Payoneer Global Inc
PAYO
± MixedCapitalrelevance

Payoneer posted $274.3M revenue, up 5.2% and 1.2% above expectations, with EPS in line and shares flat.

Energy Transition & Power Demand▲
Berkshire Hathaway Inc
BRK-B
▲ PositiveCapitalrelevance

Berkshire posted $117.9B Q2 revenue, up 19.2% YoY and 15.7% above estimates, the largest beat in the peer group, plus an EPS beat.

Cloud & Digital Infrastructure▲