Brown & Brown, Inc. (BRO)
Brown & Brown, Inc. brought in $6.9B of revenue over the twelve months to September 30, 2026, up 26.1% from a year earlier. Net income was $1.2B, a net margin of 17.6%. Operating cash flow minus capital spending left $1.4B of free cash flow in fiscal 2025. At September 30, 2026 it held $1.1B in cash against $7.8B of debt. Its latest periodic report to the SEC is the quarterly report (10-Q) filed on October 26, 2026.
Key facts about Brown & Brown, Inc.
- Net worth
- Brown & Brown, Inc. has a market value (market cap) of $23.4B at the latest share price, and shareholders' equity of $12.6B on its balance sheet at September 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
- Revenue and profit
- In fiscal 2025 revenue was $5.9B (+22.8% year on year), with net income of $1.1B. Over the 12 months to September 30, 2026: revenue $6.9B, net income $1.2B.
- Cash flow
- In fiscal 2025 operations brought in $1.5B of cash; after $68M of capital spending, free cash flow was $1.4B.
- Latest report
- The latest periodic report (quarterly report, 10-Q) was filed with the SEC on October 26, 2026 and covers the period to September 30, 2026. Open on SEC EDGAR
- Next earnings report
- Brown & Brown, Inc.'s next report is expected around January 25, 2027. That is an estimate from its filing rhythm, not a date the company has announced.
- Dividend
- Brown & Brown, Inc. paid dividends of $0.62 per share in fiscal 2025, a yield of 0.88% at the current price.
What Brown & Brown, Inc. does
Brown & Brown, Inc. is registered with the SEC under industry code SIC 6411 (Insurance Agents, Brokers & Service). Its shares trade on NYSE under the ticker BRO.
Revenue and profit by year
Key figures
| Fiscal year | Revenue | Net income | Diluted EPS | Free cash flow |
|---|---|---|---|---|
| 2025 | $5.9B | $1.1B | $3.16 | $1.4B |
| 2024 | $4.8B | $993M | $3.46 | $1.1B |
| 2023 | $4.3B | $871M | $3.05 | $941M |
| 2022 | $3.6B | $672M | $2.37 | $829M |
| 2021 | $3.1B | $587.1M | $2.07 | $763.8M |
| 2020 | $2.6B | $480.5M | $1.69 | $642.3M |
Earnings: every quarter and the next report date
Full financial statements: income, balance sheet and cash flow
Where BRO ranks in Finance
Dividends
Brown & Brown, Inc. paid $0.62 per share in fiscal 2025. At the current price that is a yield of 0.88%. It paid out $193M in cash dividends, 18% of its net income.
| Fiscal year | Per share | Paid out | Of profit |
|---|---|---|---|
| 2025 | $0.62 | $193M | 18% |
| 2024 | $0.54 | $154M | 16% |
| 2023 | $0.48 | $135M | 15% |
| 2022 | $0.42 | $120M | 18% |
| 2021 | $0.38 | $107.2M | 18% |
| 2020 | $0.35 | $100.6M | 21% |
Latest SEC filings
What Brown & Brown, Inc. has filed recently, newest first. Each links to the original document on SEC EDGAR.
- October 26, 2026Quarterly report 10-Q · period to September 30, 2026Revenue rose 7.4% to $1.7B versus the same quarter last year; diluted EPS $0.67 versus $0.68.
- October 26, 2026
- October 22, 2026
- September 10, 2026
- August 10, 2026
- August 6, 2026Passive stake (5% or more) SCHEDULE 13G
- July 27, 2026Quarterly report 10-Q · period to June 30, 2026Revenue rose 30% to $1.7B versus the same quarter last year; diluted EPS $0.84 versus $0.78.
- July 27, 2026
- June 25, 2026
- June 5, 2026
What is BRO worth? A DCF from its reported cash flow
Insider trades
What the people running Brown & Brown, Inc. did with its shares, from the Form 4 filings they must send the SEC within two business days.
No insider bought or sold shares on the open market in the last 90 days. The 2 reported changes were pay in shares, option exercises, shares withheld for tax or gifts.
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| September 21, 2026 | Hunt James SDirector | Gave as a giftindirect | 5,000 | - |
| September 21, 2026 | Hunt James SDirector | Gave as a gift | 5,000 | - |
| June 9, 2026 | Johnson Joia MDirector | Boughtindirect | 860 | $49.9K |
| May 6, 2026 | Main Timothy R.M.Director | Received as pay | 2,434 | - |
| May 6, 2026 | Reilly WendellDirector | Received as pay | 2,434 | - |
| May 6, 2026 | Hunt James SDirector | Received as pay | 2,434 | - |
| May 6, 2026 | Masojada Bronislaw EdmundDirector | Received as pay | 2,434 | - |
| May 6, 2026 | Johnson Joia MDirector | Received as pay | 2,434 | - |
Who owns BRO
Three views from three kinds of SEC filings, each with its own date. They overlap and are not added up.
5% holders
| Holder | Of class | Filed |
|---|---|---|
| Vanguard Capital Management13G, passive | 6.42% | April 29, 2026 |
| Fmr LLC13G, passive with 1 related filers | 5.4% | August 6, 2026 |
Largest institutional holders
Positions that investment managers reported on Form 13F for the quarter ended June 30, 2026, largest first, with the change on the quarter ended March 31, 2026. Managers file 13F up to 45 days after a quarter ends. 805 managers reported a position.
| Holder | Shares | Change on quarter |
|---|---|---|
| First Eagle Investment Management, LLC | 23,455,028 | +14,631,866 |
| BlackRock, Inc. | 22,113,344 | +196,597 |
| Vanguard Capital Management LLC | 18,941,212 | +19,972 |
| Fmr LLC | 18,405,749 | +2,355,053 |
| Principal Financial Group Inc | 15,721,830 | +113,110 |
| Vanguard Portfolio Management LLC | 14,631,444 | +44,968 |
| State Street Corp | 14,514,119 | +737,657 |
| Capital World Investors | 14,465,915 | -2,028,007 |
| Geode Capital Management, LLC | 8,230,737 | +92,584 |
| Van Lanschot Kempen Investment Management N.V. | 6,709,042 | +837,827 |
| Orbis Allan Gray Ltd | 5,371,080 | new |
| Select Equity Group, L.P. | 4,892,500 | -3,129,623 |
| Norges Bank | 4,396,401 | new |
| Deutsche Bank AG\ | 4,161,199 | -40,835 |
| Invesco Ltd. | 4,098,277 | +616,968 |
| Capital Research Global Investors | 3,913,022 | +21,360 |
| Morgan Stanley | 3,869,724 | +624,752 |
| Goldman Sachs Group Inc | 3,637,032 | +1,356,430 |
| Bank of America Corp | 3,554,971 | -68,208 |
| Royal Bank of Canada | 3,471,860 | -97,924 |
Insiders
22 insiders reported holding 8,447,138 shares in total, about $592M at the last price.
| Holder | Shares |
|---|---|
| Brown P BarrettExecutive Vice President | 3,250,0181,827,556 held indirectly |
| Brown J PowellPresident and CEO, Director | 2,016,6301,827,556 held indirectly |
| Brown Hyatt JChairman, Director, 10% owner | 1,827,5561,827,556 held indirectly |
| Penny Jerome ScottEVP Chief Acquisitions Officer | 334,834 |
| Walker Chris LEVP/Chair Spec Dist Segment | 227,406 |
| Watts R. AndrewEVP, CFO and Treasurer | 212,3853,198 held indirectly |
| Boyd Stephen MEVP/Pres Spec Dist Segment | 143,649 |
| Turpin JulieEVP/Chief People Officer | 82,864 |
| Hoepner Theodore JDirector | 72,185 |
| Jennings ToniDirector | 57,859 |
Questions about BRO
What does Brown & Brown, Inc. do?
Brown & Brown, Inc. is a company in the Finance sector, listed on NYSE as BRO. Its shares trade on NYSE under the ticker BRO.
What is Brown & Brown, Inc.'s net worth?
Brown & Brown, Inc. has a market value (market cap) of $23.4B at the latest share price, and shareholders' equity of $12.6B on its balance sheet at September 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
Is Brown & Brown, Inc. profitable?
Yes. Over the twelve months to September 30, 2026 it reported net income of $1.2B on revenue of $6.9B, a net margin of 17.6%.
How much revenue does Brown & Brown, Inc. make?
Over the twelve months to September 30, 2026 Brown & Brown, Inc. reported revenue of $6.9B. That is 26.1% more than a year earlier.
When did Brown & Brown, Inc. last report?
Its most recent periodic report is the quarterly report (10-Q) filed on October 26, 2026. It covers the period to September 30, 2026.
When is Brown & Brown, Inc.'s next earnings report?
Brown & Brown, Inc.'s next report is expected around January 25, 2027. That is an estimate from its filing rhythm, not a date the company has announced.
Does Brown & Brown, Inc. pay a dividend?
Yes. Brown & Brown, Inc. paid dividends of $0.62 per share in fiscal 2025, a yield of 0.88% at the current price.
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Where the numbers come from
Financial figures are the values Brown & Brown, Inc. tagged in its own SEC filings (XBRL), taken from the latest filing for each period, so restatements replace older figures. Revenue, profit and cash flow are for full fiscal years unless marked as the last twelve months, which is the sum of the four most recent quarters. Where a company reports only the full year, the fourth quarter is the year minus the first three.
Prices are delayed end-of-day market data in the listing currency, and market cap moves with the price. P/E is shown only when earnings per share are positive. Nothing here is investment advice.