Brown & Brown (BRO) Gross Margin (2009 - 2026)
Brown & Brown (BRO) posted quarterly Gross Margin of 83.83% for Q2 2026, up 25.0% year-over-year from 67.06% in Q2 2025, and down 1.14% quarter-over-quarter from 84.8% in Q1 2026.
Brown & Brown (BRO) Gross Margin (2009 - 2026) Analysis & Trends
Brown & Brown (BRO) has reported Gross Margin for 18 consecutive years, with 83.83% the latest figure, recorded in Q2 2026.
- In Q2 2026, Gross Margin rose 25.0% year-over-year to 83.83%; the TTM figure through Jun 2026 stood at 83.46% (down 126.0% YoY), while the FY2025 annual figure was 83.75%, down 147.0% from the prior year.
- Gross Margin slipped to 83.83% in Q2 2026 per BRO's latest filing, from 84.8% 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.
- Historically, Gross Margin has averaged 84.25% across 5 years, with a median of 84.34% in 2023.
- Annual changes were most pronounced in 2022 — Gross Margin plunged 516 bps — and 2023, when it soared 287 bps.
- Brown & Brown's Gross Margin stood at 83.75% in 2022, then grew by 1 bps to 84.41% in 2023, then dropped by 3 bps to 82.16% in 2024, then decreased by 0 bps to 82.14% in 2025, then climbed by 2 bps to 83.83% in 2026.
- Business Quant data shows BRO's Gross Margin at 83.83% in Q2 2026, 84.8% in Q1 2026, and 82.14% in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | XChange TEC.INC | 279.91 Bn | 279.90 Bn | - | - |
| 2 | Marsh & Mclennan Companies | 91.40 Bn | 79.19 Bn | 6.04 Bn | 81.58% |
| 3 | Aon | 75.07 Bn | 73.80 Bn | - | - |
| 4 | Arthur J. Gallagher | 66.45 Bn | 65.07 Bn | - | - |
| 5 | Willis Towers Watson | 32.02 Bn | 30.36 Bn | 2.09 Bn | 84.59% |
| 6 | Brown & Brown | 23.72 Bn | 22.80 Bn | 1.41 Bn | 83.83% |
| 7 | Erie Indemnity | 12.11 Bn | 11.77 Bn | - | - |
| 8 | Neptune Insurance Holdings | 4.50 Bn | 4.48 Bn | - | - |
| 9 | Accelerant Holdings | 4.28 Bn | 2.62 Bn | 285.20 Mn | 79.91% |
| 10 | Corvel | 3.60 Bn | 3.25 Bn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 83.83% |
| 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% |