Brown & Brown (BRO) Net Margin (2009 - 2026)
Brown & Brown (BRO) posted quarterly Net Margin of 17.24% for 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.
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.
- In Q2 2026, Net Margin fell 97.0% year-over-year to 17.24%; the TTM figure through Jun 2026 stood at 17.86% (down 226.0% YoY), while the FY2025 annual figure was 18.08%, down 277.0% from the prior year.
- Net Margin eased to 17.24% in Q2 2026 per BRO's latest filing, from 22.46% in the prior quarter.
- Across five years, Net Margin topped out at 26.22% in Q4 2023 and bottomed at 14.26% in Q3 2025.
- Historically, Net Margin has averaged 19.61% across 5 years, with a median of 18.18% in 2023.
- Annual changes were most pronounced in 2023 — Net Margin surged 1008 bps — and 2024, when it sank 838 bps.
- Brown & Brown's Net Margin stood at 16.14% in 2022, then surged by 62 bps to 26.22% in 2023, then sank by 32 bps to 17.84% in 2024, then fell by 6 bps to 16.68% in 2025, then advanced by 3 bps to 17.24% in 2026.
- Business Quant data shows BRO's Net Margin at 17.24% in Q2 2026, 22.46% in Q1 2026, and 16.68% in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net 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 | 17.44% |
| 3 | Aon | 75.07 Bn | 73.80 Bn | - | 13.31% |
| 4 | Arthur J. Gallagher | 66.45 Bn | 65.07 Bn | - | 8.09% |
| 5 | Willis Towers Watson | 32.02 Bn | 30.36 Bn | 2.09 Bn | 9.53% |
| 6 | Brown & Brown | 23.72 Bn | 22.80 Bn | 1.41 Bn | 17.24% |
| 7 | Erie Indemnity | 12.11 Bn | 11.77 Bn | - | 16.54% |
| 8 | Neptune Insurance Holdings | 4.50 Bn | 4.48 Bn | - | 28.27% |
| 9 | Accelerant Holdings | 4.28 Bn | 2.62 Bn | 285.20 Mn | 22.05% |
| 10 | Corvel | 3.60 Bn | 3.25 Bn | - | - |
Historic Data
Download 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% |