Brown & Brown (BRO) Cost of Revenue (2009 - 2026)
Brown & Brown's (BRO) quarterly Cost of Revenue came in at $289.0 million in Q1 2026, up 55.38% year-on-year from $186.0 million in Q1 2025, and up 0.7% on a QoQ basis from $287.0 million in Q4 2025.
Brown & Brown (BRO) Cost of Revenue (2009 - 2026) Analysis & Trends
Brown & Brown (BRO) has 18 years of Cost of Revenue data on file, last reported at $289.0 million in Q1 2026.
- On a quarterly basis, Cost of Revenue rose 55.38% year-over-year to $289.0 million in Q1 2026; TTM through Mar 2026 was $1.1 billion, a 44.63% increase from a year earlier, with the FY2025 full-year figure at $959.0 million, up 35.07% from the prior year.
- Cost of Revenue for Q1 2026 stood at $289.0 million, up from $287.0 million in the prior quarter.
- Over the last five years, Cost of Revenue for BRO reached as high as $289.0 million in Q1 2026 and fell as low as $126.8 million in Q1 2022.
- Historically, Cost of Revenue has averaged $188.6 million across 5 years, with a median of $168.0 million in 2023.
- Across the five-year window, Cost of Revenue soared 67.75% in 2022 and declined 1.79% in 2024, its largest moves.
- Year by year, Cost of Revenue stood at $146.4 million in 2022, then climbed by 9.29% to $160.0 million in 2023, then jumped by 31.87% to $211.0 million in 2024, then soared by 36.02% to $287.0 million in 2025, then grew by 0.7% to $289.0 million in 2026.
- Per Business Quant data, the three most recent Cost of Revenue figures were $289.0 million in Q1 2026, $287.0 million in Q4 2025, and $276.0 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | XChange TEC.INC | 120,003.58 Bn | 120,003.57 Bn | - | - |
| 2 | Marsh & Mclennan Companies | 87.96 Bn | 75.75 Bn | 6.04 Bn | 1.36 Bn |
| 3 | Aon | 78.60 Bn | 77.19 Bn | - | - |
| 4 | Arthur J. Gallagher | 65.15 Bn | 63.73 Bn | - | - |
| 5 | Willis Towers Watson | 28.74 Bn | 26.89 Bn | 1.98 Bn | 385.00 Mn |
| 6 | Brown & Brown | 23.32 Bn | 22.32 Bn | 1.61 Bn | 289.00 Mn |
| 7 | Neptune Insurance Holdings | 4.24 Bn | 4.23 Bn | 26.44 Mn | 11.35 Mn |
| 8 | Accelerant Holdings | 3.26 Bn | 1.72 Bn | 48.00 Mn | 81.80 Mn |
| 9 | Corvel | 3.10 Bn | 2.76 Bn | 54.92 Mn | 180.71 Mn |
| 10 | Baldwin Insurance | 2.55 Bn | 2.40 Bn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 289.00 Mn |
| Mar 31, 2026 | 289.00 Mn |
| Dec 31, 2025 | 287.00 Mn |
| Dec 31, 2025 | 287.00 Mn |
| Sep 30, 2025 | 276.00 Mn |
| Sep 30, 2025 | 276.00 Mn |
| Jun 30, 2025 | 211.00 Mn |
| Jun 30, 2025 | 211.00 Mn |
| Mar 31, 2025 | 186.00 Mn |
| Mar 31, 2025 | 186.00 Mn |
| Dec 31, 2024 | 211.00 Mn |
| Dec 31, 2024 | 211.00 Mn |
| Sep 30, 2024 | 165.00 Mn |
| Sep 30, 2024 | 165.00 Mn |
| Jun 30, 2024 | 173.00 Mn |
| Jun 30, 2024 | 173.00 Mn |
| Mar 31, 2024 | 161.00 Mn |
| Mar 31, 2024 | 161.00 Mn |
| Dec 31, 2023 | 160.00 Mn |
| Dec 31, 2023 | 160.00 Mn |