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| 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 |