Brown & Brown BRO
NYSE BRO
$66.54 -1.64 (-2.41%)
As of: Sep 9, 2026 · 3:59 PM EDT

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

Brown & Brown's (BRO) quarterly Operating Expenses came in at $1.3 billion in Q2 2026, up 32.75% year-over-year from $974.0 million in Q2 2025, and down 5.48% quarter-over-quarter from $1.4 billion in Q1 2026.

Analysis

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

Brown & Brown (BRO) has reported Operating Expenses for 18 consecutive years, with $1.3 billion the latest figure, recorded in Q2 2026.

  • On a quarterly basis, Operating Expenses rose 32.75% year-over-year to $1.3 billion in Q2 2026; TTM through Jun 2026 was $5.2 billion, a 40.61% increase from a year earlier, with the FY2025 full-year figure at $4.5 billion, up 29.38% from the prior year.
  • Operating Expenses was $1.3 billion for Q2 2026 at Brown & Brown, down from $1.4 billion in the prior quarter.
  • Over five years, Operating Expenses peaked at $1.4 billion in Q1 2026 and troughed at $639.7 million in Q1 2022.
  • A 5-year average of $916.9 million and a median of $850.5 million in 2024 frame the typical range for Operating Expenses.
  • Across the five-year window, Operating Expenses slipped 5.07% in 2023 and jumped 49.02% in 2025, its largest moves.
  • Over 5 years, Operating Expenses stood at $706.8 million in 2022, then retreated by 5.07% to $671.0 million in 2023, then soared by 35.32% to $908.0 million in 2024, then surged by 41.63% to $1.3 billion in 2025, then rose by 0.54% to $1.3 billion in 2026.
  • The last three Operating Expenses figures came in at $1.3 billion (Q2 2026), $1.4 billion (Q1 2026), and $1.3 billion (Q4 2025), per Business Quant data.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Marsh & Mclennan Companies 85.01 Bn 72.80 Bn 6.04 Bn 5.51 Bn
2 Aon 65.00 Bn 63.73 Bn - 3.33 Bn
3 Arthur J. Gallagher 62.74 Bn 61.35 Bn - 3.59 Bn
4 Willis Towers Watson 29.53 Bn 27.87 Bn 2.09 Bn 2.10 Bn
5 Brown & Brown 22.19 Bn 21.27 Bn 1.41 Bn 1.29 Bn
6 XChange TEC.INC 17.23 Bn 17.23 Bn - -
7 Erie Indemnity 11.26 Bn 10.91 Bn - 885.67 Mn
8 Ryan Specialty Holdings 4.93 Bn 4.79 Bn - 736.33 Mn
9 Neptune Insurance Holdings 4.36 Bn 4.34 Bn - 29.32 Mn
10 Baldwin Insurance 2.60 Bn 2.42 Bn - 501.28 Mn
Historic Data

Historic Data

Download Data
DateValue
Jun 30, 2026 1.29 Bn
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