Brown & Brown (BRO) Net Margin (2009 - 2026)
Brown & Brown's (BRO) quarterly Net Margin came in at 22.46% in Q1 2026, down 133.0% year-on-year from 68.07% in Q1 2025, and down 36.34% on a QoQ basis from 35.28% 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.
- On a quarterly basis, Net Margin fell 133.0% year-over-year to 22.46% in Q1 2026; TTM through Mar 2026 was 22.77%, a 142.0% increase from a year earlier, with the FY2025 full-year figure at 23.14%, up 200.0% from the prior year.
- Net Margin for Q1 2026 stood at 22.46%, down from 35.28% in the prior quarter.
- Over the last five years, Net Margin for BRO reached as high as 35.28% in Q4 2025 and fell as low as 14.26% in Q3 2025.
- Historically, Net Margin has averaged 21.2% across 5 years, with a median of 20.91% in 2022.
- Across the five-year window, Net Margin slumped 720 bps in 2024 and surged 1626 bps in 2025, its largest moves.
- Year by year, Net Margin stood at 20.91% in 2022, then gained by 25 bps to 26.22% in 2023, then declined by 27 bps to 19.02% in 2024, then soared by 86 bps to 35.28% in 2025, then plunged by 36 bps to 22.46% in 2026.
- Per Business Quant data, the three most recent Net Margin figures were 22.46% in Q1 2026, 35.28% in Q4 2025, and 14.26% in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Marsh & Mclennan Companies | 84.27 Bn | 72.32 Bn | 6.04 Bn | 17.44% |
| 2 | Aon | 75.99 Bn | 74.60 Bn | - | 24.61% |
| 3 | Arthur J. Gallagher | 62.23 Bn | 60.85 Bn | - | 17.30% |
| 4 | Willis Towers Watson | 27.24 Bn | 25.46 Bn | 1.98 Bn | 12.95% |
| 5 | Brown & Brown | 23.60 Bn | 22.62 Bn | 1.61 Bn | 22.46% |
| 6 | Neptune Insurance Holdings | 4.12 Bn | 4.11 Bn | 26.44 Mn | 19.44% |
| 7 | Accelerant Holdings | 3.06 Bn | 1.55 Bn | 48.00 Mn | -4.01% |
| 8 | Corvel | 3.03 Bn | 2.68 Bn | 54.92 Mn | 10.26% |
| 9 | Baldwin Insurance | 2.43 Bn | 2.87 Bn | - | -56.82% |
| 10 | Goosehead Insurance | 1.31 Bn | 1.20 Bn | - | 15.00% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 22.46% |
| Dec 31, 2025 | 35.28% |
| Sep 30, 2025 | 14.26% |
| Jun 30, 2025 | 18.21% |
| Mar 31, 2025 | 23.79% |
| Dec 31, 2024 | 19.02% |
| 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 | 20.91% |
| 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% |