Brown & Brown, Inc. (BRO)

Brown & Brown Income Statement

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

Fiscal Quarter	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022	Q2 2022	Q1 2022	Q4 2021	Q3 2021	Q2 2021	Q1 2021
Period Ending	Dec 31, 2025	Sep 30, 2025	Jun 30, 2025	Mar 31, 2025	Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021
Revenue	1,607	1,606	1,285	1,404	1,183	1,186	1,178	1,258	1,026	1,068	1,047	1,116	901	927.6	839.7	904.7	738.5	770.3	727.3	815.3
Revenue Growth (YoY)	35.84%	35.41%	9.08%	11.61%	15.30%	11.05%	12.51%	12.72%	13.87%	15.14%	24.69%	23.36%	22.00%	20.42%	15.45%	10.96%	15.01%	14.29%	21.46%	16.72%
Cost of Revenue	819	793	640	683	583	607	585	631	554	532	530	571	475.7	470.3	412.1	459	416.8	395	395.6	429.5
Gross Profit	788	813	645	721	600	579	593	627	472	536	517	545	425.3	457.3	427.6	445.7	321.7	375.3	331.7	385.8
Depreciation & Amortization Expenses	134	107	61	64	58	56	55	54	53	51	51	51	49.5	54.8	42.5	39.2	38.9	38.7	38.3	37
Other Operating Expenses	287	276	211	186	211	165	173	161	160	168	162	161	146.4	169.6	154	126.8	111.3	101.1	96.3	94.4
Total Operating Expenses	421	383	272	250	269	221	228	215	213	219	213	212	195.9	224.4	196.5	166	150.2	139.8	134.6	131.4
Operating Income	367	430	373	471	331	358	365	412	259	317	304	333	229.4	232.9	231.1	279.7	171.5	235.5	197.1	254.4
Interest Income	27	56	36	19	23	31	24	21	18	17	10	7	4.7	1.2	0.4	0.2	0.2	0.4	0.2	0.3
Interest Expense	-100	-100	-51	-46	-46	-50	-49	-48	-47	-48	-48	-47	-45.2	-41.5	-36	-18.3	-16.2	-16.2	-16.3	-16.3
Other Non-Operating Income (Expense)	54	-19	-11	2	-10	9	30	0	143.6	-25	-1	9	11.2	27.8	4.3	3.8	-14.1	-22.6	6.7	2.1
Total Non-Operating Income (Expense)	-19	-63	-26	-25	-33	-10	5	-27	114.6	-56	-39	-31	-29.3	-12.5	-31.3	-14.3	-30.1	-38.4	-9.4	-13.9
Pretax Income	321	311	311	427	275	317	346	364	355	242	254	294	194.2	218	198.8	265	140.8	196.5	186.3	239.2
Provision for Income Taxes	53	82	77	93	64	78	87	71	86	66	64	58	48.8	56.9	53.6	44.7	39.1	50.1	47	39.5
Net Income	264	227	231	331	210	234	257	293	269	176	190	236	145.4	161.1	145.2	220.3	101.7	146.4	139.3	199.7
Minority Interest in Earnings	4	2	3	3	1	5	2	-	-	-	-	-	-	-	-	-	-	-	-	-
Net Income to Common	264	227	231	331	210	234	257	293	269	176	190	236	145.4	161.1	145.2	220.3	101.7	146.4	139.3	199.7
Net Income Growth	25.71%	-2.99%	-10.12%	12.97%	-21.93%	32.95%	35.26%	24.15%	85.01%	9.25%	30.85%	7.13%	42.97%	10.04%	4.23%	10.32%	4.48%	9.27%	43.93%	31.04%
Shares Outstanding (Basic)	333	331	292	287	283	282	282	281	280	280	279	278	278	278	277	277	277	282	282	283
Shares Outstanding (Diluted)	339	332	293	289	284	284	283	283	282	281	280	279	279	279	278	279	278	278	277	277
Shares Change (YoY)	19.37%	16.90%	3.53%	2.12%	0.71%	1.07%	1.07%	1.43%	1.07%	0.83%	0.65%	0.14%	0.31%	0.43%	0.47%	0.58%	0.26%	0.21%	0.92%	0.78%
EPS (Basic)	0.78	0.68	0.79	1.16	0.73	0.82	0.90	1.03	0.94	0.62	0.67	0.83	0.51	0.57	0.51	0.78	0.36	0.52	0.49	0.71
EPS (Diluted)	0.59	0.68	0.78	1.15	0.73	0.81	0.90	1.02	0.94	0.62	0.67	0.83	0.51	0.57	0.51	0.77	0.36	0.52	0.49	0.70
EPS Growth	-19.18%	-16.05%	-13.33%	12.75%	-22.34%	30.64%	34.33%	22.89%	84.31%	8.77%	31.37%	7.79%	41.67%	9.62%	4.08%	10.00%	5.88%	10.64%	44.12%	29.63%
Free Cash Flow	424	452	310	196	341	417	334	0	275	303	315	48	261.6	239.5	234.3	93.6	304.23	152.08	228.2	126.6
Free Cash Flow Growth	24.34%	8.39%	-7.19%	-	24.00%	37.62%	6.03%	-	5.12%	26.51%	34.44%	-48.72%	-14.01%	57.49%	2.67%	-26.07%	91.90%	47.64%	-37.20%	629.30%
Free Cash Flow Per Share	1.25	1.36	1.06	0.68	1.20	1.47	1.18	-	0.98	1.08	1.13	0.17	0.94	0.86	0.84	0.34	1.09	0.55	0.82	0.46
Dividends Per Share	0.165	0.150	0.150	0.150	0.150	0.130	0.130	0.130	0.135	0.115	0.115	0.115	0.113	0.102	0.102	0.102	0.102	0.092	0.092	0.092
Dividend Growth	10.00%	15.38%	15.38%	15.38%	11.11%	13.04%	13.04%	13.04%	20.00%	12.20%	12.20%	12.20%	9.76%	10.81%	10.81%	10.81%	10.21%	8.82%	8.82%	8.82%
Gross Margin	49.04%	50.62%	50.19%	51.35%	50.72%	48.82%	50.34%	49.84%	46.00%	50.19%	49.38%	48.84%	47.20%	49.30%	50.92%	49.26%	43.56%	48.72%	45.61%	47.32%
Operating Margin	22.84%	26.77%	29.03%	33.55%	27.98%	30.19%	30.98%	32.75%	25.24%	29.68%	29.04%	29.84%	25.46%	25.11%	27.52%	30.92%	23.22%	30.57%	27.10%	31.20%
Profit Margin	16.68%	14.26%	18.21%	23.79%	17.84%	20.15%	21.99%	23.29%	26.22%	16.48%	18.15%	21.15%	16.14%	17.37%	17.29%	24.35%	13.77%	19.01%	19.15%	24.49%
FCF Margin	26.38%	28.14%	24.12%	13.96%	28.83%	35.16%	28.35%	0.00%	26.80%	28.37%	30.09%	4.30%	29.03%	25.82%	27.90%	10.35%	41.20%	19.74%	31.38%	15.53%
EBITDA	501	537	435	535	389	415	418	466	312	368	357	384	278.9	288.6	274.8	319.6	211.1	276.14	234.85	292.1
EBITDA Margin	31.18%	33.44%	33.85%	38.11%	32.88%	34.99%	35.48%	37.04%	30.41%	34.46%	34.10%	34.41%	30.95%	31.11%	32.73%	35.33%	28.58%	35.85%	32.29%	35.83%
EBIT	367	430	373	471	331	358	365	412	259	317	304	333	229.4	232.9	231.1	279.7	171.5	235.5	197.1	254.4
EBIT Margin	22.84%	26.77%	29.03%	33.55%	27.98%	30.19%	30.98%	32.75%	25.24%	29.68%	29.04%	29.84%	25.46%	25.11%	27.52%	30.92%	23.22%	30.57%	27.10%	31.20%
Effective Tax Rate	16.51%	26.37%	24.76%	21.78%	23.27%	24.61%	25.14%	19.51%	24.23%	27.27%	25.20%	19.73%	25.13%	26.10%	26.96%	16.87%	27.77%	25.50%	25.23%	16.51%

Updated Dec 31, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q