Brown & Brown Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	6,399	5,902	4,805	4,257	3,573	3,051
Revenue Growth (YoY)	29.25%	22.83%	12.87%	19.14%	17.09%	16.76%
Cost of Revenue	3,159	2,935	2,406	2,187	1,817	1,637
Gross Profit	3,240	2,967	2,399	2,070	1,756	1,415
Depreciation & Amortization Expenses	435	367	222	206	186	152.9
Other Operating Expenses	1,063	959	710	650	597	403
Total Operating Expenses	1,498	1,326	932	856	783	555.9
Operating Income	1,742	1,641	1,467	1,214	973	858.6
Interest Income	140	139	100	58	7	1.1
Interest Expense	-350	-297	-193	-190	-141	-65
Other Non-Operating Income (Expense)	84	27	29	122	47	-28
Total Non-Operating Income (Expense)	-126	-131	-64	-10	-87	-91.9
Pretax Income	1,476	1,371	1,303	1,146	876	762.8
Provision for Income Taxes	318	304	301	275	204	175.7
Net Income	1,148	1,054	993	871	672	587.1
Minority Interest in Earnings	10	13	9	-	-	-
Net Income to Common	1,148	1,054	993	871	672	587.1
Net Income Growth	11.24%	6.14%	14.01%	29.61%	14.46%	22.18%
Shares Outstanding (Basic)	322	310	282	280	278	276
Shares Outstanding (Diluted)	325	313	284	281	279	277
Shares Change (YoY)	14.52%	10.21%	1.07%	0.72%	0.58%	0.58%
EPS (Basic)	3.52	3.37	3.48	3.07	2.38	2.08
EPS (Diluted)	3.11	3.16	3.46	3.05	2.37	2.07
EPS Growth	-13.37%	-8.67%	13.44%	28.69%	14.49%	21.77%
Shares Outstanding	335	336	286	284.58	283.22	282.5
Free Cash Flow	1,427	1,382	1,092	941	829	763.8
Free Cash Flow Growth	3.26%	26.56%	16.05%	13.51%	8.54%	18.92%
Free Cash Flow Per Share	4.39	4.42	3.85	3.35	2.97	2.75
Dividends Per Share	0.630	0.615	0.540	0.480	0.420	0.380
Dividend Growth	2.44%	13.89%	12.50%	14.29%	10.53%	8.57%
Gross Margin	50.63%	50.27%	49.93%	48.63%	49.15%	46.36%
Operating Margin	27.22%	27.80%	30.53%	28.52%	27.23%	28.14%
Profit Margin	18.10%	18.08%	20.85%	20.46%	18.81%	19.24%
FCF Margin	22.30%	23.42%	22.73%	22.10%	23.20%	25.03%
EBITDA	2,178	2,008	1,689	1,420	1,159	1,014
EBITDA Margin	34.04%	34.02%	35.15%	33.36%	32.44%	33.24%
EBIT	1,742	1,641	1,467	1,214	973	858.6
EBIT Margin	27.22%	27.80%	30.53%	28.52%	27.23%	28.14%
Effective Tax Rate	21.54%	22.17%	23.10%	24.00%	23.29%	23.03%

Updated Apr 27, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

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