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% quarter-over-quarter from $18.0 million 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 $17.0 million in Q1 2026.

  • Operating Expenses for Q1 2026 came in at $17.0 million, up 54.55% year-over-year; the trailing twelve-month figure through Mar 2026 was $60.0 million (down 96.52% YoY), and the FY2025 annual result was $55.0 million, up 25.0% from the prior year.
  • Operating Expenses declined to $17.0 million in Q1 2026 per BRO's latest filing, from $18.0 million in the prior quarter.
  • Over five years, Operating Expenses peaked at $894.0 million in Q1 2024 and troughed at $11.0 million in Q4 2024.
  • A 5-year average of $499.2 million and a median of $671.0 million in 2023 frame the typical range for Operating Expenses.
  • On a YoY basis, Operating Expenses climbed as much as 63.64% in 2025 and fell as far as 98.77% in 2025.
  • A 5-year view of Operating Expenses shows it stood at $707.1 million in 2022, then decreased by 5.11% to $671.0 million in 2023, then plunged by 98.36% to $11.0 million in 2024, then soared by 63.64% to $18.0 million in 2025, then slipped by 5.56% to $17.0 million in 2026.
  • Business Quant data shows BRO's Operating Expenses at $17.0 million in Q1 2026, $18.0 million in Q4 2025, and $14.0 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Marsh & Mclennan Companies 79.42 Bn 67.92 Bn 5.88 Bn 5.84 Bn
2 Aon 69.98 Bn 68.59 Bn - 3.32 Bn
3 Arthur J. Gallagher 55.55 Bn 54.17 Bn - 3.72 Bn
4 Willis Towers Watson 24.71 Bn 22.93 Bn 1.98 Bn 1.96 Bn
5 Brown & Brown 19.80 Bn 18.82 Bn 1.61 Bn 17.00 Mn
6 XChange TEC.INC 6.75 Bn 6.75 Bn - -
7 Neptune Insurance Holdings 4.00 Bn 3.99 Bn - 24.35 Mn
8 Corvel 2.98 Bn 2.64 Bn 54.92 Mn 22.68 Mn
9 Accelerant Holdings 2.93 Bn 1.42 Bn 48.00 Mn 271.30 Mn
10 Baldwin Insurance 1.62 Bn 2.07 Bn - 633.50 Mn

Historic Data

Download Data
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