Brown & Brown (BRO) Operating Expenses (2009 - 2026)
Brown & Brown (BRO) posted quarterly Operating Expenses of $1.3 billion for 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.
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.
- In Q2 2026, Operating Expenses rose 32.75% year-over-year to $1.3 billion; the TTM figure through Jun 2026 stood at $5.2 billion (up 40.61% YoY), while the FY2025 annual figure was $4.5 billion, up 29.38% from the prior year.
- Operating Expenses declined to $1.3 billion in Q2 2026 per BRO's latest filing, from $1.4 billion in the prior quarter.
- Across five years, Operating Expenses topped out at $1.4 billion in Q1 2026 and bottomed at $639.7 million in Q1 2022.
- Historically, Operating Expenses has averaged $916.9 million across 5 years, with a median of $850.5 million in 2024.
- Annual changes were most pronounced in 2023 — Operating Expenses dropped 5.07% — and 2025, when it surged 49.02%.
- Brown & Brown's Operating Expenses stood at $706.8 million in 2022, then slipped by 5.07% to $671.0 million in 2023, then surged by 35.32% to $908.0 million in 2024, then jumped by 41.63% to $1.3 billion in 2025, then advanced by 0.54% to $1.3 billion in 2026.
- Business Quant data shows BRO's Operating Expenses at $1.3 billion in Q2 2026, $1.4 billion in Q1 2026, and $1.3 billion in Q4 2025.
Powered by 
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | XChange TEC.INC | 279.91 Bn | 279.90 Bn | - | - |
| 2 | Marsh & Mclennan Companies | 91.40 Bn | 79.19 Bn | 6.04 Bn | 5.51 Bn |
| 3 | Aon | 75.07 Bn | 73.80 Bn | - | 3.33 Bn |
| 4 | Arthur J. Gallagher | 66.45 Bn | 65.07 Bn | - | 3.59 Bn |
| 5 | Willis Towers Watson | 32.02 Bn | 30.36 Bn | 2.09 Bn | 2.10 Bn |
| 6 | Brown & Brown | 23.72 Bn | 22.80 Bn | 1.41 Bn | 1.29 Bn |
| 7 | Erie Indemnity | 12.11 Bn | 11.77 Bn | - | 885.67 Mn |
| 8 | Neptune Insurance Holdings | 4.50 Bn | 4.48 Bn | - | 29.32 Mn |
| 9 | Accelerant Holdings | 4.28 Bn | 2.62 Bn | 285.20 Mn | 269.50 Mn |
| 10 | Corvel | 3.60 Bn | 3.25 Bn | - | - |
Historic Data
Download 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 |