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
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%