RYAN SPECIALTY HOLDINGS, INC.RYANEarnings & Financial Report
Aon plc is a British-American professional services firm. The company operates two divisions: Risk Capital, which provides brokerage and consulting services for risk management and insurance and reinsurance, and Human Capital, which provides services for health insurance, retirement plans, pension plans, and talent advisory.
Revenue
$739.6M
Gross Profit
N/A
Operating Profit
$110.8M
Net Profit
$31.1M
Gross Margin
N/A
Operating Margin
15.0%
Net Margin
4.2%
YoY Growth
25.7%
RYAN SPECIALTY HOLDINGS, INC. Q3 FY2025 Financial Summary
RYAN SPECIALTY HOLDINGS, INC. reported revenue of $739.6M (up 25.7% YoY) for Q3 FY2025, with a net profit of $31.1M (up 76.7% YoY) (4.2% margin).
Key Financial Metrics
| Total Revenue | $739.6M |
|---|---|
| Net Profit | $31.1M |
| Gross Margin | N/A |
| Operating Margin | 15.0% |
| Report Period | Q3 FY2025 |
Revenue Breakdown
RYAN SPECIALTY HOLDINGS, INC. Q3 FY2025 revenue of $739.6M breaks down across 3 segments, led by Wholesale Brokerage at $376.8M (50.9% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Wholesale Brokerage | $376.8M | 50.9% |
| Underwriting Management | $273.1M | 36.9% |
| Binding Authorities | $89.6M | 12.1% |
RYAN SPECIALTY HOLDINGS, INC. Revenue by Segment — Quarterly Trend
RYAN SPECIALTY HOLDINGS, INC. revenue by segment across the last 4 reported quarters, showing how each business line (such as Wholesale Brokerage and Underwriting Management) has evolved quarter over quarter.
| Segment | Q1 FY2026 | Q4 FY2025 | Q3 FY2025 | Q2 FY2025 |
|---|---|---|---|---|
| Wholesale Brokerage | — | $385.7M | $376.8M | $477.2M |
| Underwriting Management | — | $268.3M | $273.1M | $269.2M |
| Binding Authorities | — | $84.0M | $89.6M | $94.5M |
RYAN SPECIALTY HOLDINGS, INC. Annual Revenue by Year
RYAN SPECIALTY HOLDINGS, INC. annual revenue history includes year-by-year totals (for example, 2025 revenue was $3.0B).
| Year | Annual Revenue |
|---|---|
| 2025 | $3.0B |
| 2024 | $2.5B |
| 2023 | $2.1B |
| 2022 | $1.7B |
RYAN SPECIALTY HOLDINGS, INC. Quarterly Revenue & Net Profit History
RYAN SPECIALTY HOLDINGS, INC. results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q1 FY2026 | $795.2M | +15.2% | $40.6M | 5.1% |
| Q4 FY2025 | $738.0M | +13.6% | $8.0M | 1.1% |
| Q3 FY2025 | $739.6M | +25.7% | $31.1M | 4.2% |
| Q2 FY2025 | $840.9M | +23.6% | $52.0M | 6.2% |
| Q1 FY2025 | $676.1M | +25.7% | $-27.6M | -4.1% |
| Q4 FY2024 | $649.4M | +21.9% | $13.8M | 2.1% |
| Q3 FY2024 | $588.1M | +20.7% | $17.6M | 3.0% |
| Q2 FY2024 | $680.2M | +16.3% | $46.8M | 6.9% |
Income Statement
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $680.2M | $588.1M | $649.4M | $676.1M | $840.9M | $739.6M | $738.0M | $795.2M |
| YoY Growth | 16.3% | 20.7% | 21.9% | 25.7% | 23.6% | 25.7% | 13.6% | 15.2% |
Balance Sheet
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $8.27B | $8.48B | $9.65B | $9.89B | $10.63B | $9.85B | $10.56B | $11.01B |
| Liabilities | $7.20B | $7.38B | $8.55B | $8.83B | $9.44B | $8.62B | $9.31B | $9.79B |
| Equity | $605.9M | $632.8M | $627.7M | $542.5M | $610.1M | $630.5M | $648.1M | $1.22B |
Cash Flow
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|
| Operating CF | $270.8M | $100.9M | $259.6M | $-142.8M | $353.6M | $169.7M | $263.2M |