Growth Metrics

Brown & Brown (BRO) Operating Expenses (2009 - 2026)

Brown & Brown (BRO) reported Operating Expenses of $17.0 million for Q1 2026, up 54.55% year-over-year from $11.0 million in Q1 2025, and down 5.56% on a QoQ basis from $18.0 million in Q4 2025.

Brown & Brown (BRO) has 18 years of Operating Expenses data on file, last reported at $17.0 million in Q1 2026.

  • Quarterly Operating Expenses rose 54.55% year-over-year to $17.0 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $60.0 million (down 96.52% YoY) and the FY2025 annual result came in at $55.0 million, up 25.0% from the prior year.
  • Operating Expenses fell to $17.0 million in Q1 2026 per BRO's latest filing, from $18.0 million in the prior quarter.
  • Across five years, Operating Expenses topped out at $894.0 million in Q1 2024 and bottomed at $11.0 million in Q4 2024.
  • The 5-year median for Operating Expenses is $671.0 million (2023), against an average of $499.2 million.
  • Peak annual rise in Operating Expenses reached 63.64% in 2025, while the deepest fall reached 98.77% in 2025.
  • Tracing BRO's Operating Expenses over 5 years: stood at $707.1 million in 2022, then fell by 5.11% to $671.0 million in 2023, then slumped by 98.36% to $11.0 million in 2024, then jumped by 63.64% to $18.0 million in 2025, then retreated by 5.56% to $17.0 million in 2026.
  • Per Business Quant, the three latest BRO Operating Expenses figures stand at $17.0 million (Q1 2026), $18.0 million (Q4 2025), and $14.0 million (Q3 2025).

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Aon 69.60 Bn 68.21 Bn - 3.32 Bn
2 Arthur J. Gallagher 52.64 Bn 51.26 Bn - 3.72 Bn
3 Willis Towers Watson 24.45 Bn 22.68 Bn 1.98 Bn 1.96 Bn
4 Brown & Brown 19.37 Bn 18.39 Bn 1.61 Bn 17.00 Mn
5 XChange TEC.INC 6.95 Bn 6.95 Bn - -
6 Accelerant Holdings 3.83 Bn 2.32 Bn 48.00 Mn 271.30 Mn
7 Corvel 3.22 Bn 2.87 Bn 54.92 Mn 22.68 Mn
8 Baldwin Insurance 1.84 Bn 2.28 Bn - 633.50 Mn
9 Goosehead Insurance 1.01 Bn 899.53 Mn - 78.08 Mn
10 Twfg 279.02 Mn 351.22 Mn - 60.49 Mn

Historic Data

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DateValue
Mar 31, 2026 17.00 Mn
Dec 31, 2025 18.00 Mn
Sep 30, 2025 14.00 Mn
Jun 30, 2025 11.00 Mn
Mar 31, 2025 11.00 Mn
Dec 31, 2024 11.00 Mn
Sep 30, 2024 869.00 Mn
Jun 30, 2024 832.00 Mn
Mar 31, 2024 894.00 Mn
Dec 31, 2023 671.00 Mn
Sep 30, 2023 826.00 Mn
Jun 30, 2023 793.00 Mn
Mar 31, 2023 822.00 Mn
Dec 31, 2022 707.10 Mn
Sep 30, 2022 709.60 Mn
Jun 30, 2022 640.90 Mn
Mar 31, 2022 639.70 Mn
Dec 31, 2021 597.70 Mn
Sep 30, 2021 573.80 Mn
Jun 30, 2021 541.00 Mn
Mar 31, 2021 576.10 Mn
Dec 31, 2020 511.20 Mn
Sep 30, 2020 515.43 Mn
Jun 30, 2020 469.41 Mn
Mar 31, 2020 493.24 Mn
Dec 31, 2019 476.94 Mn
Sep 30, 2019 466.85 Mn
Jun 30, 2019 451.70 Mn
Mar 31, 2019 470.76 Mn
Dec 31, 2018 408.14 Mn
Sep 30, 2018 388.35 Mn
Jun 30, 2018 372.28 Mn
Mar 31, 2018 383.02 Mn
Dec 31, 2017 367.98 Mn
Sep 30, 2017 351.23 Mn
Jun 30, 2017 358.30 Mn
Mar 31, 2017 354.11 Mn
Dec 31, 2016 338.76 Mn
Sep 30, 2016 345.30 Mn
Jun 30, 2016 337.44 Mn
Mar 31, 2016 321.62 Mn
Dec 31, 2015 309.56 Mn
Sep 30, 2015 319.34 Mn
Jun 30, 2015 318.53 Mn
Mar 31, 2015 310.52 Mn
Dec 31, 2014 354.57 Mn
Sep 30, 2014 308.73 Mn
Jun 30, 2014 295.98 Mn
Mar 31, 2014 276.76 Mn
Dec 31, 2013 266.72 Mn
Sep 30, 2013 263.86 Mn
Jun 30, 2013 239.57 Mn
Mar 31, 2013 235.52 Mn
Dec 31, 2012 233.60 Mn
Sep 30, 2012 222.15 Mn
Jun 30, 2012 219.77 Mn
Mar 31, 2012 219.70 Mn
Dec 31, 2011 184.41 Mn
Sep 30, 2011 187.71 Mn
Jun 30, 2011 185.35 Mn
Mar 31, 2011 185.56 Mn
Dec 31, 2010 177.97 Mn
Sep 30, 2010 174.58 Mn
Jun 30, 2010 175.65 Mn
Mar 31, 2010 179.19 Mn
Dec 31, 2009 173.09 Mn
Sep 30, 2009 176.28 Mn
Jun 30, 2009 179.39 Mn