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% on a QoQ basis from 17.42% in Q4 2025.
Brown & Brown (BRO) has 18 years of Net Margin data on file, last reported at 22.46% in Q1 2026.
- Quarterly Net Margin fell 133.0% year-over-year to 22.46% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 18.28% (down 278.0% YoY) and the FY2025 annual result came in at 18.28%, down 257.0% from the prior year.
- Net Margin improved to 22.46% in Q1 2026 per BRO's latest filing, from 17.42% in the prior quarter.
- Across five years, Net Margin topped out at 27.68% in Q4 2023 and bottomed at 14.26% in Q3 2025.
- The 5-year median for Net Margin is 18.21% (2025), against an average of 19.88%.
- The widest annual swing landed in 2023, when Net Margin surged 1154 bps; it then tumbled 984 bps in 2024.
- Tracing BRO's Net Margin over 5 years: stood at 16.14% in 2022, then soared by 72 bps to 27.68% in 2023, then tumbled by 36 bps to 17.84% in 2024, then declined by 2 bps to 17.42% in 2025, then gained by 29 bps to 22.46% in 2026.
- Per Business Quant, the three latest BRO Net Margin figures stand at 22.46% (Q1 2026), 17.42% (Q4 2025), and 14.26% (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Aon | 69.60 Bn | 68.21 Bn | - | 24.61% |
| 2 | Arthur J. Gallagher | 52.64 Bn | 51.26 Bn | - | 17.45% |
| 3 | Willis Towers Watson | 24.45 Bn | 22.68 Bn | 1.98 Bn | 12.95% |
| 4 | Brown & Brown | 19.37 Bn | 18.39 Bn | 1.61 Bn | 22.46% |
| 5 | XChange TEC.INC | 6.95 Bn | 6.95 Bn | - | - |
| 6 | Accelerant Holdings | 3.83 Bn | 2.32 Bn | 48.00 Mn | -4.01% |
| 7 | Corvel | 3.22 Bn | 2.87 Bn | 54.92 Mn | 10.26% |
| 8 | Baldwin Insurance | 1.84 Bn | 2.28 Bn | - | -111.39% |
| 9 | Goosehead Insurance | 1.01 Bn | 899.53 Mn | - | 8.69% |
| 10 | Twfg | 279.02 Mn | 351.22 Mn | - | 17.96% |
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% |
| Mar 31, 2021 | 24.49% |
| Dec 31, 2020 | 17.57% |
| Sep 30, 2020 | 19.88% |
| Jun 30, 2020 | 16.16% |
| Mar 31, 2020 | 21.82% |
| Dec 31, 2019 | 13.22% |
| Sep 30, 2019 | 18.67% |
| Jun 30, 2019 | 16.10% |
| Mar 31, 2019 | 18.39% |
| Dec 31, 2018 | 14.44% |
| Sep 30, 2018 | 19.98% |
| Jun 30, 2018 | 15.62% |
| Mar 31, 2018 | 18.11% |
| Dec 31, 2017 | 47.91% |
| Sep 30, 2017 | 15.96% |
| Jun 30, 2017 | 14.18% |
| Mar 31, 2017 | 15.07% |
| Dec 31, 2016 | 13.29% |
| Sep 30, 2016 | 15.48% |
| Jun 30, 2016 | 14.84% |
| Mar 31, 2016 | 14.63% |
| Dec 31, 2015 | 14.32% |
| Sep 30, 2015 | 15.60% |
| Jun 30, 2015 | 14.54% |
| Mar 31, 2015 | 14.09% |
| Dec 31, 2014 | 6.06% |
| Sep 30, 2014 | 15.82% |
| Jun 30, 2014 | 15.14% |
| Mar 31, 2014 | 14.42% |
| Dec 31, 2013 | 13.37% |
| Sep 30, 2013 | 15.62% |
| Jun 30, 2013 | 15.61% |
| Mar 31, 2013 | 17.56% |
| Dec 31, 2012 | 13.70% |
| Sep 30, 2012 | 15.82% |
| Jun 30, 2012 | 14.11% |
| Mar 31, 2012 | 15.85% |
| Dec 31, 2011 | 27.38% |
| Sep 30, 2011 | 15.10% |
| Jun 30, 2011 | 13.34% |
| Mar 31, 2011 | 15.97% |
| Dec 31, 2010 | 13.98% |
| Sep 30, 2010 | 16.99% |
| Jun 30, 2010 | 16.16% |
| Mar 31, 2010 | 17.10% |
| Dec 31, 2009 | 9.62% |
| Sep 30, 2009 | 16.06% |
| Jun 30, 2009 | 16.14% |