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

Brown & Brown's (BRO) quarterly Operating Expenses came in at $1.4 billion in Q1 2026, up 40.02% year-on-year from $977.0 million in Q1 2025, and up 6.38% on a QoQ basis from $1.3 billion in Q4 2025.

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

Brown & Brown (BRO) has 18 years of Operating Expenses data on file, last reported at $1.4 billion in Q1 2026.

  • On a quarterly basis, Operating Expenses rose 40.02% year-over-year to $1.4 billion in Q1 2026; TTM through Mar 2026 was $4.9 billion, a 37.28% increase from a year earlier, with the FY2025 full-year figure at $4.5 billion, up 29.38% from the prior year.
  • Operating Expenses for Q1 2026 stood at $1.4 billion, up from $1.3 billion in the prior quarter.
  • Over the last five years, Operating Expenses for BRO reached as high as $1.4 billion in Q1 2026 and fell as low as $639.7 million in Q1 2022.
  • Historically, Operating Expenses has averaged $894.8 million across 5 years, with a median of $832.0 million in 2024.
  • Across the five-year window, Operating Expenses decreased 5.07% in 2023 and soared 49.02% in 2025, its largest moves.
  • Year by year, Operating Expenses stood at $706.8 million in 2022, then declined by 5.07% to $671.0 million in 2023, then jumped by 35.32% to $908.0 million in 2024, then soared by 41.63% to $1.3 billion in 2025, then rose by 6.38% to $1.4 billion in 2026.
  • Per Business Quant data, the three most recent Operating Expenses figures were $1.4 billion in Q1 2026, $1.3 billion in Q4 2025, and $1.3 billion in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Marsh & Mclennan Companies 84.27 Bn 72.32 Bn 6.04 Bn 5.51 Bn
2 Aon 75.99 Bn 74.60 Bn - 3.32 Bn
3 Arthur J. Gallagher 62.23 Bn 60.85 Bn - 643.00 Mn
4 Willis Towers Watson 27.24 Bn 25.46 Bn 1.98 Bn 1.96 Bn
5 Brown & Brown 23.60 Bn 22.62 Bn 1.61 Bn 1.37 Bn
6 Neptune Insurance Holdings 4.12 Bn 4.11 Bn 26.44 Mn 24.35 Mn
7 Accelerant Holdings 3.06 Bn 1.55 Bn 48.00 Mn 271.30 Mn
8 Corvel 3.03 Bn 2.68 Bn 54.92 Mn 22.68 Mn
9 Baldwin Insurance 2.43 Bn 2.87 Bn - 633.50 Mn
10 Goosehead Insurance 1.31 Bn 1.20 Bn - 86.80 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 1.37 Bn
Dec 31, 2025 1.29 Bn
Sep 30, 2025 1.30 Bn
Jun 30, 2025 974.00 Mn
Mar 31, 2025 977.00 Mn
Dec 31, 2024 908.00 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 706.80 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