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| 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% |