Brown & Brown, Inc.
BRO Financial Insurance Brokers
Brown & Brown, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $5.9 billion, up 22.8% from fiscal 2024. In the quarter to June 2026, revenue grew 30.4%, EPS grew 8.86%, free cash flow grew 6.75% and total debt rose 2.84%, each against the same quarter a year earlier. Member of the S&P 500; dividend growth for twenty-five consecutive years, revenue growth for ten, operating cash flow growth for ten; insiders bought in the last twelve months.
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Brown & Brown, Inc. (BRO) Operating margin
Brown & Brown, Inc.'s operating margin over the twelve months to 30 June 2026 was 28.7%, up 0.4 percentage points from fiscal 2025 (28.3%). Over the past ten years it has ranged from 24.7% (fiscal 2019) to 31.4% (fiscal 2023); the current reading is higher than 73% of that period. That is above the Insurance Brokers industry median of 15.4% and above the Financial sector median of 0.00%.
Operating margin, annual
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Annual newest first
| Period | Operating margin | Change (points) |
|---|---|---|
| FY2025 | 28.3% | (2.87) |
| FY2024 | 31.1% | (0.25) |
| FY2023 | 31.4% | 2.92 |
| FY2022 | 28.5% | 1.33 |
| FY2021 | 27.1% | 0.99 |
| FY2020 | 26.1% | 1.49 |
| FY2019 | 24.7% | (0.32) |
| FY2018 | 25.0% | (0.97) |
| FY2017 | 25.9% | (0.27) |
| FY2016 | 26.2% | (0.40) |
Quarterly newest first
| Period | Operating margin | Change (points) |
|---|---|---|
| Jun 2026 | 28.8% | (4.43) |
| Mar 2026 | 33.3% | 6.99 |
| Dec 2025 | 26.3% | 0.67 |
| Sep 2025 | 25.6% | (2.58) |
| 42 more quarters | Free account |
Against its own ten years
Operating margin against peers
| Company | Operating margin |
|---|---|
| BRO Brown & Brown, Inc. | 28.7% |
| AON Aon plc compare | 26.5% |
| WTW Willis Towers Watson Public Limited Company compare | 22.2% |
| MRSH Marsh compare | 21.4% |
| ARX Accelerant Holdings compare | 21.2% |
| ERIE Erie Indemnity Company compare | 17.9% |
| AJG Arthur J. Gallagher & Co. compare | 16.7% |
| CRVL CorVel Corp. compare | 15.4% |
| BWIN Baldwin Insurance Group, Inc. compare | −6.88% |
| Insurance Brokers industry median | 15.4% |
| Financial sector median | 0.00% |
| Market median | 0.00% |
What Operating margin is
EBIT Margin tells an investor how much operating profit, before interest and taxes, a company keeps from each unit of revenue.
EBIT ÷ Revenue
More on BRO
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- The full statement