Brown & Brown (BRO) Net Margin (2009 - 2026)
Brown & Brown (BRO) reported Net Margin of 22.46% for Q1 2026, down 133.0% year-over-year from 68.07% in Q1 2025, and up 28.92% quarter-over-quarter from 17.42% in Q4 2025.
Brown & Brown (BRO) Net Margin (2009 - 2026) Analysis & Trends
Brown & Brown (BRO) has 18 years of Net Margin data on file, last reported at 22.46% in Q1 2026.
- Net Margin for Q1 2026 came in at 22.46%, down 133.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 18.28% (down 278.0% YoY), and the FY2025 annual result was 18.28%, down 257.0% from the prior year.
- Net Margin climbed to 22.46% in Q1 2026 per BRO's latest filing, from 17.42% in the prior quarter.
- Over five years, Net Margin peaked at 27.68% in Q4 2023 and troughed at 14.26% in Q3 2025.
- A 5-year average of 19.88% and a median of 18.21% in 2025 frame the typical range for Net Margin.
- The sharpest annual moves came in 2023 and 2024: Net Margin jumped 1154 bps in 2023, then sank 984 bps in 2024.
- A 5-year view of Net Margin shows it stood at 16.14% in 2022, then surged by 72 bps to 27.68% in 2023, then sank by 36 bps to 17.84% in 2024, then retreated by 2 bps to 17.42% in 2025, then climbed by 29 bps to 22.46% in 2026.
- Business Quant data shows BRO's Net Margin at 22.46% in Q1 2026, 17.42% in Q4 2025, and 14.26% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Marsh & Mclennan Companies | 79.42 Bn | 67.92 Bn | 5.88 Bn | 15.61% |
| 2 | Aon | 69.98 Bn | 68.59 Bn | - | 24.61% |
| 3 | Arthur J. Gallagher | 55.55 Bn | 54.17 Bn | - | 17.45% |
| 4 | Willis Towers Watson | 24.71 Bn | 22.93 Bn | 1.98 Bn | 12.95% |
| 5 | Brown & Brown | 19.80 Bn | 18.82 Bn | 1.61 Bn | 22.46% |
| 6 | XChange TEC.INC | 6.75 Bn | 6.75 Bn | - | - |
| 7 | Neptune Insurance Holdings | 4.00 Bn | 3.99 Bn | - | 19.44% |
| 8 | Corvel | 2.98 Bn | 2.64 Bn | 54.92 Mn | 10.26% |
| 9 | Accelerant Holdings | 2.93 Bn | 1.42 Bn | 48.00 Mn | -4.01% |
| 10 | Baldwin Insurance | 1.62 Bn | 2.07 Bn | - | -111.39% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 22.46% |
| Dec 31, 2025 | 17.42% |
| 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 | 27.68% |
| 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% |
| Jun 30, 2021 | 19.15% |