Brown & Brown (BRO) Gross Margin (2009 - 2026)
Brown & Brown's (BRO) quarterly Gross Margin came in at 84.8% in Q1 2026, down 195.0% year-on-year from 89.26% in Q1 2025, and up 3.23% on a QoQ basis 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.
- On a quarterly basis, Gross Margin fell 195.0% year-over-year to 84.8% in Q1 2026; TTM through Mar 2026 was 83.39%, a 177.0% decrease from a year earlier, with the FY2025 full-year figure at 83.75%, down 147.0% from the prior year.
- Gross Margin for Q1 2026 stood at 84.8%, up from 82.14% in the prior quarter.
- Over the last five years, Gross Margin for BRO reached as high as 87.2% in Q1 2024 and fell as low as 81.66% in Q2 2022.
- Historically, Gross Margin has averaged 84.28% across 5 years, with a median of 84.41% in 2023.
- Across the five-year window, Gross Margin slumped 516 bps in 2022 and jumped 287 bps in 2023, its largest moves.
- Year by year, Gross Margin stood at 83.75% in 2022, then rose by 1 bps to 84.41% in 2023, then fell by 3 bps to 82.16% in 2024, then dropped by 0 bps to 82.14% in 2025, then gained by 3 bps to 84.8% in 2026.
- Per Business Quant data, the three most recent Gross Margin figures were 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 | 84.27 Bn | 72.32 Bn | 6.04 Bn | 81.58% |
| 2 | Aon | 75.99 Bn | 74.60 Bn | - | - |
| 3 | Arthur J. Gallagher | 62.23 Bn | 60.85 Bn | - | - |
| 4 | Willis Towers Watson | 27.24 Bn | 25.46 Bn | 1.98 Bn | 83.71% |
| 5 | Brown & Brown | 23.60 Bn | 22.62 Bn | 1.61 Bn | 84.80% |
| 6 | Neptune Insurance Holdings | 4.12 Bn | 4.11 Bn | 26.44 Mn | 69.96% |
| 7 | Accelerant Holdings | 3.06 Bn | 1.55 Bn | 48.00 Mn | 36.98% |
| 8 | Corvel | 3.03 Bn | 2.68 Bn | 54.92 Mn | 23.31% |
| 9 | Baldwin Insurance | 2.43 Bn | 2.87 Bn | - | - |
| 10 | Goosehead Insurance | 1.31 Bn | 1.20 Bn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| 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% |