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Brown & Brown Inc (BRO) Financial History

20 years of revenue, earnings, cash-flow and balance-sheet history from public filings.

FINANCIAL SERVICES · Insurance Brokers · DATA UPDATED 2026-07-17

Brown & Brown Inc (BRO) operates in the Insurance Brokers industry and is headquartered in Daytona Beach, United States with about 22,888 employees. Its market capitalization is roughly $23 billion. In the fiscal year ended 2025-12-31, BRO reported $6.0B in revenue and $1.1B in net income.

Brown & Brown, Inc. markets and sells insurance products and services in the United States, the United Kingdom, and internationally. It operates through Retail and Specialty Distribution segments.

Interactive charts & full statements → Open the BRO valuation workbench →

BRO Revenue & Earnings History — Annual Income Statement

Income statement	TTM → 2026-03-31	2025-12-31	2024-12-31	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31	2011-12-31	2010-12-31	2009-12-31	2008-12-31	2007-12-31	2006-12-31
Total Revenue	$6.4B	$6.0B	$4.7B	$4.3B	$3.6B	$3.0B	$2.6B	$2.4B	$2.0B	$1.9B	$1.8B	$1.7B	$1.6B	$1.4B	$1.2B	$1.0B	$967M	$968M	$978M	$960M	$878M
Gross Profit	$3.8B	$5.2B	$2.3B	$1.4B	$1.8B	$1.4B	$1.2B	$1.1B	$941M	$863M	$838M	$800M	$756M	$673M	$581M	$497M	$479M	$968M	$978M	$960M	$878M
Gross Margin %	59.4%	87.7%	48.9%	33.4%	49.1%	46.3%	44.9%	45.1%	46.8%	46.5%	47.5%	48.3%	48.2%	49.6%	48.8%	49.4%	49.5%	100.0%	100.0%	100.0%	100.0%
Operating Income (EBIT)	$1.7B	$1.7B	$1.4B	$1.1B	$974M	$858M	$673M	$571M	$499M	$471M	$467M	$441M	$417M	$369M	$311M	$275M	$272M	$269M	$287M	$325M	$293M
Operating Margin %	26.8%	28.5%	29.0%	26.9%	27.3%	28.1%	25.8%	23.9%	24.9%	25.4%	26.5%	26.6%	26.6%	27.2%	26.2%	27.3%	28.2%	27.8%	29.4%	33.9%	33.4%
Net Income	$1.1B	$1.1B	$993M	$870M	$672M	$587M	$480M	$399M	$344M	$400M	$257M	$243M	$207M	$217M	$184M	$164M	$162M	$153M	$166M	$191M	$172M
Net Margin %	17.9%	17.7%	21.1%	20.4%	18.8%	19.3%	18.4%	16.7%	17.1%	21.5%	14.6%	14.7%	13.2%	16.0%	15.5%	16.3%	16.7%	15.8%	17.0%	19.9%	19.6%
EBITDA	$2.2B	$2.0B	$1.7B	$1.1B	$1.2B	$1.0B	$808M	$718M	$612M	$596M	$571M	$550M	$472M	$459M	$400M	$352M	$345M	$332M	$347M	$379M	$341M
Earnings Per Share (EPS)	$3.51	$3.37	$3.50	$3.10	$2.41	$2.12	$1.74	$1.45	$1.22	$1.44	$0.93	$0.87	$0.72	$0.76	$0.65	$0.58	$0.58	$0.56	$0.59	$0.70	$0.61
Shares Outstanding (M)	339M	313M	284M	281M	279M	277M	276M	275M	282M	278M	276M	280M	286M	285M	284M	281M	279M	275M	283M	273M	282M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

BRO Quarterly Revenue & Earnings — Last 8 Quarters

Quarterly income statement	2026-03-31	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30
Total Revenue	$1.9B	$1.7B	$1.6B	$1.2B	$1.4B	$1.1B	$1.2B	$1.2B
Gross Profit	$994M	$1.4B	$813M	$609M	$702M	$506M	$579M	$569M
Gross Margin %	52.3%	83.8%	50.6%	48.8%	50.7%	46.5%	48.8%	49.3%
Operating Income (EBIT)	$533M	$429M	$422M	$337M	$452M	$237M	$358M	$341M
Operating Margin %	28.0%	25.7%	26.3%	27.0%	32.6%	21.8%	30.2%	29.5%
Net Income	$426M	$264M	$227M	$231M	$331M	$210M	$234M	$257M
Net Margin %	22.4%	15.8%	14.1%	18.5%	23.9%	19.3%	19.7%	22.3%
EBITDA	$656M	$556M	$518M	$426M	$539M	$387M	$424M	$453M
Earnings Per Share (EPS)	$1.26	$0.78	$0.68	$0.79	$1.16	$0.74	$0.83	$0.91
Shares Outstanding (M)	339M	339M	332M	293M	285M	284M	283M	283M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

BRO Free Cash Flow History

Cash flow	TTM → 2026-03-31	2025-12-31	2024-12-31	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31	2011-12-31	2010-12-31	2009-12-31	2008-12-31	2007-12-31	2006-12-31
Cash from Operations (CFO)	$1.5B	$1.4B	$1.2B	$1.0B	$881M	$948M	$722M	$678M	$568M	$442M	$411M	$382M	$385M	$389M	$220M	$238M	$296M	$222M	$342M	$215M	$225M
Capital Expenditures (CapEx)	$88M	$68M	$82M	$59M	$53M	$45M	$71M	$73M	$42M	$24M	$18M	$18M	$25M	$16M	$24M	$14M	$10M	$11M	$14M	$31M	$15M
Free Cash Flow (FCF)	$1.4B	$1.4B	$1.1B	$951M	$829M	$903M	$651M	$605M	$526M	$418M	$393M	$363M	$360M	$373M	$196M	$224M	$286M	$210M	$328M	$185M	$210M
FCF Margin %	22.0%	23.2%	23.2%	22.3%	23.2%	29.6%	25.0%	25.4%	26.2%	22.5%	22.3%	21.9%	23.0%	27.5%	16.5%	22.3%	29.5%	21.7%	33.5%	19.2%	23.9%
Dividends Paid	$208M	$194M	$154M	$135M	$120M	$107M	$101M	$91M	$85M	$78M	$70M	$64M	$59M	$54M	$50M	$46M	$44M	$43M	$40M	$35M	$29M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

BRO Quarterly Free Cash Flow — Last 8 Quarters

Quarterly cash flow	2026-03-31	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30
Cash from Operations (CFO)	$262M	$444M	$468M	$325M	$213M	$361M	$440M	$360M
Capital Expenditures (CapEx)	$21M	$20M	$32M	$15M	$17M	$20M	$23M	$26M
Free Cash Flow (FCF)	$241M	$424M	$436M	$310M	$196M	$341M	$417M	$334M
FCF Margin %	12.7%	25.4%	27.2%	24.8%	14.1%	31.3%	35.2%	28.9%
Dividends Paid	$57M	$57M	$51M	$43M	$43M	$43M	$36M	$37M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

BRO Balance Sheet History

Balance sheet	2026-03-31	2025-12-31	2024-12-31	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31	2011-12-31	2010-12-31	2009-12-31	2008-12-31	2007-12-31	2006-12-31
Total Assets	$29.7B	$30.0B	$17.6B	$14.9B	$14.0B	$9.8B	$9.0B	$7.6B	$6.7B	$5.8B	$5.3B	$5.0B	$5.0B	$3.6B	$3.1B	$2.6B	$2.4B	$2.2B	$2.1B	$2.0B	$1.8B
Cash & Cash Equivalents	$1.0B	$1.1B	$675M	$700M	$650M	$693M	$817M	$542M	$439M	$573M	$516M	$443M	$470M	$203M	$220M	$286M	$273M	$197M	$79M	$38M	$88M
Total Liabilities	$17.1B	$17.4B	$11.2B	$9.3B	$9.4B	$5.6B	$5.2B	$4.3B	$3.7B	$3.2B	$2.9B	$2.9B	$2.8B	$1.6B	$1.3B	$963M	$894M	$854M	$878M	$863M	$879M
Total Debt (Short + Long-Term)	$7.8B	$7.7B	$3.9B	$3.8B	$4.0B	$2.1B	$2.1B	$1.6B	$1.5B	$976M	$1.1B	$1.2B	$1.2B	$480M	$450M	$251M	$252M	$267M	$260M	$239M	$244M
Total Shareholders' Equity	$12.6B	$12.5B	$6.4B	$5.6B	$4.6B	$4.2B	$3.8B	$3.4B	$3.0B	$2.6B	$2.4B	$2.1B	$2.1B	$2.0B	$1.8B	$1.6B	$1.5B	$1.4B	$1.2B	$1.1B	$929M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

Quarterly statements, profitability ratios, price history, insider activity and institutional holders are in the interactive BRO viewer.

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