Friday 6 November 2026 Export RYAN’s income statement to Excel — free account

Ryan Specialty Holdings Inc.

Ryan Specialty Holdings Inc.’s revenue for fiscal 2025 (year ended December 2025) was $3.1 billion, up 21.3% from fiscal 2024.

Revenue: +4.69%
EPS: +25.0%
Free cash flow: +4.14%
Total debt: +8.41%

Quarter to September 2026, against a year earlier

47.97 0.43 +0.90%

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Market cap: $12.1B
P/E: 57.8×
Fwd P/E: 48.0×
Dividend yield: 1.06%
F-score: 5/9
Altman Z: n/a
Beneish M: n/a
Dividend safety: n/a

Overview Business Profile Earnings & Analysis Segments Valuation Filings

Ryan Specialty Holdings Inc. (RYAN) revenue by segment, product and region

Where the money comes from and where it goes

Fiscal 2021: revenue by products and services, and margins
Wholesale Brokerage	932	65.05%
Underwriting Management	291	20.28%
Binding Authority	210	14.63%
Gross margin		100.00%
Operating margin		13.03%
Pre-tax margin		4.30%

Revenue by product or service $m

Line	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Wholesale Brokerage	1,600 53.44%	1,489 60.64%	1,319 65.09%	1,129 65.97%	932 65.05%	673 66.10%	509 66.46%
Underwriting Management	1,024 34.20%	646 26.32%	432 21.30%	352 20.54%	291 20.28%	199 19.52%	146 19.09%
Binding Authority	370 12.36%	320 13.05%	276 13.62%	231 13.50%	210 14.63%	145 14.22%	104 13.57%
Other, not broken out	—	—	—	—	—	—	7 0.87%
Revenue	2,995	2,456	2,027	1,712	1,433	1,018	765

Revenue by segment $m

Line	FY2025	FY2024	FY2023	FY2022
Reporting Segment	2,995 100.00%	2,456 100.00%	2,027 100.00%	1,712 100.00%
Revenue	2,995	2,456	2,027	1,712

Operating figures as reported in each quarter’s results release or filing

Figure	Quarter	Latest	A year before	Change
Organic revenue growth rate	Q3 FY2026	4.00%	15.0%	—

	Q3 FY2026	Q2 FY2026	Q1 FY2026	Q4 FY2025	Q3 FY2025	Q2 FY2025	Q1 FY2025	Q4 FY2024	Q3 FY2024	Q2 FY2024	Q1 FY2024	Q4 FY2023
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As each company reports them in its 10-K and 10-Q filings, in US dollars. Where a later filing recast a year's segments, the year is shown as recast; a period whose breakdown does not add up to the company's revenue is left out.