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