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% on a QoQ basis from 82.14% in Q4 2025.
Brown & Brown (BRO) has 18 years of Gross Margin data on file, last reported at 84.8% in Q1 2026.
- Quarterly Gross Margin fell 195.0% year-over-year to 84.8% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 83.39% (down 177.0% YoY) and the FY2025 annual result came in at 83.75%, down 147.0% from the prior year.
- Gross Margin rose to 84.8% in Q1 2026 per BRO's latest filing, from 82.14% in the prior quarter.
- Across five years, Gross Margin topped out at 87.2% in Q1 2024 and bottomed at 81.66% in Q2 2022.
- The 5-year median for Gross Margin is 84.41% (2023), against an average of 84.28%.
- The widest annual swing landed in 2022, when Gross Margin slumped 516 bps; it then jumped 287 bps in 2023.
- Tracing BRO's Gross Margin over 5 years: stood at 83.75% in 2022, then gained by 1 bps to 84.41% in 2023, then retreated by 3 bps to 82.16% in 2024, then declined by 0 bps to 82.14% in 2025, then advanced by 3 bps to 84.8% in 2026.
- Per Business Quant, the three latest BRO Gross Margin figures stand at 84.8% (Q1 2026), 82.14% (Q4 2025), and 82.81% (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Aon | 69.60 Bn | 68.21 Bn | - | - |
| 2 | Arthur J. Gallagher | 52.64 Bn | 51.26 Bn | - | - |
| 3 | Willis Towers Watson | 24.45 Bn | 22.68 Bn | 1.98 Bn | 83.71% |
| 4 | Brown & Brown | 19.37 Bn | 18.39 Bn | 1.61 Bn | 84.80% |
| 5 | XChange TEC.INC | 6.95 Bn | 6.95 Bn | - | - |
| 6 | Accelerant Holdings | 3.83 Bn | 2.32 Bn | 48.00 Mn | 36.98% |
| 7 | Corvel | 3.22 Bn | 2.87 Bn | 54.92 Mn | 23.31% |
| 8 | Baldwin Insurance | 1.84 Bn | 2.28 Bn | - | - |
| 9 | Goosehead Insurance | 1.01 Bn | 899.53 Mn | - | - |
| 10 | Twfg | 279.02 Mn | 351.22 Mn | - | - |
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% |
| Mar 31, 2021 | 88.42% |
| Dec 31, 2020 | 85.69% |
| Sep 30, 2020 | 86.44% |
| Jun 30, 2020 | 87.38% |
| Mar 31, 2020 | 84.66% |
| Dec 31, 2019 | 83.79% |
| Sep 30, 2019 | 84.42% |
| Jun 30, 2019 | 82.95% |
| Mar 31, 2019 | 85.66% |
| Dec 31, 2018 | 82.62% |
| Sep 30, 2018 | 84.23% |
| Jun 30, 2018 | 82.31% |
| Mar 31, 2018 | 84.78% |
| Dec 31, 2017 | 84.57% |
| Sep 30, 2017 | 84.85% |
| Jun 30, 2017 | 84.71% |
| Mar 31, 2017 | 85.61% |
| Dec 31, 2016 | 84.89% |
| Sep 30, 2016 | 85.41% |
| Jun 30, 2016 | 85.15% |
| Mar 31, 2016 | 85.00% |
| Dec 31, 2015 | 85.30% |
| Sep 30, 2015 | 84.70% |
| Jun 30, 2015 | 84.65% |
| Mar 31, 2015 | 84.89% |
| Dec 31, 2014 | 85.39% |
| Sep 30, 2014 | 84.60% |
| Jun 30, 2014 | 84.78% |
| Mar 31, 2014 | 85.57% |
| Dec 31, 2013 | 84.89% |
| Sep 30, 2013 | 86.06% |
| Jun 30, 2013 | 85.45% |
| Mar 31, 2013 | 86.17% |
| Dec 31, 2012 | 85.14% |
| Sep 30, 2012 | 85.59% |
| Jun 30, 2012 | 85.55% |
| Mar 31, 2012 | 85.65% |
| Dec 31, 2011 | 85.83% |
| Sep 30, 2011 | 86.86% |
| Jun 30, 2011 | 87.40% |
| Mar 31, 2011 | 87.56% |
| Dec 31, 2010 | 84.95% |
| Sep 30, 2010 | 88.00% |
| Jun 30, 2010 | 86.81% |
| Mar 31, 2010 | 85.92% |
| Dec 31, 2009 | 85.20% |
| Sep 30, 2009 | 86.07% |
| Jun 30, 2009 | 85.86% |