Brown & Brown (BRO) Net Margin (2009 - 2026)
Brown & Brown's (BRO) quarterly Net Margin came in at 17.24% in Q2 2026, down 97.0% year-over-year from 574.78% in Q2 2025, and down 23.23% quarter-over-quarter from 22.46% in Q1 2026.
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Analysis
Brown & Brown (BRO) Net Margin (2009 - 2026) Analysis & Trends
Brown & Brown (BRO) has reported Net Margin for 18 consecutive years, with 17.24% the latest figure, recorded in Q2 2026.
- On a quarterly basis, Net Margin fell 97.0% year-over-year to 17.24% in Q2 2026; TTM through Jun 2026 was 17.86%, a 226.0% decrease from a year earlier, with the FY2025 full-year figure at 18.08%, down 277.0% from the prior year.
- Net Margin was 17.24% for Q2 2026 at Brown & Brown, down from 22.46% in the prior quarter.
- Over five years, Net Margin peaked at 26.22% in Q4 2023 and troughed at 14.26% in Q3 2025.
- A 5-year average of 19.61% and a median of 18.18% in 2023 frame the typical range for Net Margin.
- Across the five-year window, Net Margin jumped 1008 bps in 2023 and slumped 838 bps in 2024, its largest moves.
- Over 5 years, Net Margin stood at 16.14% in 2022, then soared by 62 bps to 26.22% in 2023, then sank by 32 bps to 17.84% in 2024, then dropped by 6 bps to 16.68% in 2025, then rose by 3 bps to 17.24% in 2026.
- The last three Net Margin figures came in at 17.24% (Q2 2026), 22.46% (Q1 2026), and 16.68% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Marsh & Mclennan Companies | 88.77 Bn | 76.82 Bn | 6.04 Bn | 17.44% |
| 2 | Aon | 68.55 Bn | 67.31 Bn | - | 13.31% |
| 3 | Arthur J. Gallagher | 67.32 Bn | 65.96 Bn | - | 8.09% |
| 4 | Willis Towers Watson | 31.09 Bn | 29.51 Bn | 2.09 Bn | 9.53% |
| 5 | Brown & Brown | 23.57 Bn | 22.68 Bn | 1.41 Bn | 17.24% |
| 6 | XChange TEC.INC | 16.98 Bn | 16.98 Bn | - | - |
| 7 | Erie Indemnity | 11.68 Bn | 11.33 Bn | - | 16.54% |
| 8 | Ryan Specialty Holdings | 10.71 Bn | 11.08 Bn | - | 11.82% |
| 9 | Hagerty | 4.65 Bn | 4.78 Bn | 244.11 Mn | 1.72% |
| 10 | Neptune Insurance Holdings | 4.58 Bn | 4.56 Bn | - | 28.27% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 17.24% |
| Mar 31, 2026 | 22.46% |
| Dec 31, 2025 | 16.68% |
| Sep 30, 2025 | 14.26% |
| Jun 30, 2025 | 18.21% |
| Mar 31, 2025 | 23.79% |
| Dec 31, 2024 | 17.84% |
| Sep 30, 2024 | 20.15% |
| Jun 30, 2024 | 21.99% |
| Mar 31, 2024 | 23.29% |
| Dec 31, 2023 | 26.22% |
| Sep 30, 2023 | 16.48% |
| Jun 30, 2023 | 18.15% |
| Mar 31, 2023 | 21.15% |
| Dec 31, 2022 | 16.14% |
| Sep 30, 2022 | 17.37% |
| Jun 30, 2022 | 17.29% |
| Mar 31, 2022 | 24.35% |
| Dec 31, 2021 | 13.77% |
| Sep 30, 2021 | 19.01% |