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
DateValue
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%