Brown & Brown (BRO) Gross Margin (2009 - 2026)

Brown & Brown (BRO) reported Gross Margin of 84.8% for Q1 2026, down 195.0% year-over-year from 89.26% in Q1 2025, and up 3.23% quarter-over-quarter from 82.14% in Q4 2025.

Brown & Brown (BRO) Gross Margin (2009 - 2026) Analysis & Trends

Brown & Brown (BRO) has 18 years of Gross Margin data on file, last reported at 84.8% in Q1 2026.

  • Gross Margin for Q1 2026 came in at 84.8%, down 195.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 83.39% (down 177.0% YoY), and the FY2025 annual result was 83.75%, down 147.0% from the prior year.
  • Gross Margin improved to 84.8% in Q1 2026 per BRO's latest filing, from 82.14% in the prior quarter.
  • Over five years, Gross Margin peaked at 87.2% in Q1 2024 and troughed at 81.66% in Q2 2022.
  • A 5-year average of 84.28% and a median of 84.41% in 2023 frame the typical range for Gross Margin.
  • The sharpest annual moves came in 2022 and 2023: Gross Margin plunged 516 bps in 2022, then soared 287 bps in 2023.
  • A 5-year view of Gross Margin shows it stood at 83.75% in 2022, then climbed by 1 bps to 84.41% in 2023, then slipped by 3 bps to 82.16% in 2024, then retreated by 0 bps to 82.14% in 2025, then grew by 3 bps to 84.8% in 2026.
  • Business Quant data shows BRO's Gross Margin at 84.8% in Q1 2026, 82.14% in Q4 2025, and 82.81% in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Gross Margin (Qtr)
1 Marsh & Mclennan Companies 79.42 Bn 67.92 Bn 5.88 Bn 77.45%
2 Aon 69.98 Bn 68.59 Bn - -
3 Arthur J. Gallagher 55.55 Bn 54.17 Bn - -
4 Willis Towers Watson 24.71 Bn 22.93 Bn 1.98 Bn 83.71%
5 Brown & Brown 19.80 Bn 18.82 Bn 1.61 Bn 84.80%
6 XChange TEC.INC 6.75 Bn 6.75 Bn - -
7 Neptune Insurance Holdings 4.00 Bn 3.99 Bn - -
8 Corvel 2.98 Bn 2.64 Bn 54.92 Mn 23.31%
9 Accelerant Holdings 2.93 Bn 1.42 Bn 48.00 Mn 36.98%
10 Baldwin Insurance 1.62 Bn 2.07 Bn - -

Historic Data

Download Data
DateValue
Mar 31, 2026 84.80%
Dec 31, 2025 82.14%
Sep 30, 2025 82.81%
Jun 30, 2025 83.58%
Mar 31, 2025 86.75%
Dec 31, 2024 82.16%
Sep 30, 2024 86.09%
Jun 30, 2024 85.31%
Mar 31, 2024 87.20%
Dec 31, 2023 84.41%
Sep 30, 2023 84.27%
Jun 30, 2023 84.53%
Mar 31, 2023 85.57%
Dec 31, 2022 83.75%
Sep 30, 2022 81.72%
Jun 30, 2022 81.66%
Mar 31, 2022 85.98%
Dec 31, 2021 84.93%
Sep 30, 2021 86.88%
Jun 30, 2021 86.76%