Brown & BrownBROEarnings & Financial Report
Brown & Brown, Inc. is an American insurance brokerage firm headquartered in Daytona Beach, Florida. It is one of the largest independent insurance intermediaries in the United States, providing risk management solutions, insurance products, and services to businesses, governmental institutions, professional organizations, trade associations, and individuals.
BRO Q4 FY2025 Key Financial Metrics
Revenue
$1.6B
Gross Profit
N/A
Operating Profit
N/A
Net Profit
$265.0M
Gross Margin
N/A
Operating Margin
N/A
Net Margin
16.5%
YoY Growth
35.8%
EPS
$0.55
Brown & Brown Q4 FY2025 Financial Summary
Brown & Brown reported revenue of $1.6B (up 35.8% YoY) for Q4 FY2025, with a net profit of $265.0M (up 26.8% YoY) (16.5% margin).
Key Financial Metrics
| Total Revenue | $1.6B |
|---|---|
| Net Profit | $265.0M |
| Gross Margin | N/A |
| Operating Margin | N/A |
| Report Period | Q4 FY2025 |
Revenue Breakdown
Brown & Brown Q4 FY2025 revenue of $1.6B breaks down across 4 segments, led by US at $1.4B (87.2% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| US | $1.4B | 87.2% |
| GB | $147.0M | 9.1% |
| Profit Sharing Contingent Commission Revenue | $33.0M | 2.1% |
| Other Supplemental Commissions Revenue | $25.0M | 1.6% |
Brown & Brown Revenue by Segment — Quarterly Trend
Brown & Brown revenue by segment across the last 4 reported quarters, showing how each business line (such as US and GB) has evolved quarter over quarter.
| Segment | Q4 FY2025 | Q3 FY2025 | Q2 FY2025 | Q1 FY2025 |
|---|---|---|---|---|
| US | $1.4B | — | — | — |
| GB | $147.0M | $148.0M | — | — |
| Profit Sharing Contingent Commission Revenue | $33.0M | $18.0M | $7.0M | — |
| Other Supplemental Commissions Revenue | $25.0M | $32.0M | $31.0M | $97.0M |
Brown & Brown Annual Revenue by Year
Brown & Brown annual revenue history includes year-by-year totals (for example, 2025 revenue was $5.9B).
Brown & Brown Quarterly Revenue & Net Profit History
Brown & Brown results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q4 FY2025 | $1.6B | +35.8% | $265.0M | 16.5% |
| Q3 FY2025 | $1.6B | +35.4% | $227.0M | 14.1% |
| Q2 FY2025 | $1.3B | +9.1% | $231.0M | 18.0% |
| Q1 FY2025 | $1.4B | +11.6% | $331.0M | 23.6% |
| Q4 FY2024 | $1.2B | +15.3% | $209.0M | 17.7% |
| Q3 FY2024 | $1.2B | +11.1% | $234.0M | 19.7% |
| Q2 FY2024 | $1.2B | +12.5% | $257.0M | 21.8% |
| Q1 FY2024 | $1.3B | +12.7% | $293.0M | 23.3% |
Income Statement
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.26B | $1.18B | $1.19B | $1.18B | $1.40B | $1.28B | $1.61B | $1.61B |
| YoY Growth | 12.7% | 12.5% | 11.1% | 15.3% | 11.6% | 9.1% | 35.4% | 35.8% |
Balance Sheet
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $14.81B | $15.94B | $17.52B | $17.61B | $16.76B | $25.64B | $29.35B | $29.99B |
| Liabilities | $9.02B | $9.91B | $11.04B | $11.18B | N/A | N/A | N/A | N/A |
| Equity | $5.79B | $6.04B | $6.48B | $6.44B | $6.84B | $11.62B | $12.41B | $12.57B |
Cash Flow
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $13.0M | $360.0M | $440.0M | $361.0M | $213.0M | $325.0M | $468.0M | $444.0M |