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
Download Data| Date | Value |
|---|---|
| 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 |