Brown & Brown (BRO) Operating Margin (2009 - 2026)
Brown & Brown's (BRO) quarterly Operating Margin came in at 6.68% in Q2 2026, down 110.0% year-over-year from 66.83% in Q2 2025, and down 47.94% quarter-over-quarter from 12.84% in Q1 2026.
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Brown & Brown (BRO) Operating Margin (2009 - 2026) Analysis & Trends
Brown & Brown (BRO) has reported Operating Margin for 18 consecutive years, with 6.68% the latest figure, recorded in Q2 2026.
- On a quarterly basis, Operating Margin fell 110.0% year-over-year to 6.68% in Q2 2026; TTM through Jun 2026 was 6.26%, a 475.0% decrease from a year earlier, with the FY2025 full-year figure at 6.98%, down 536.0% from the prior year.
- Operating Margin was 6.68% for Q2 2026 at Brown & Brown, down from 12.84% in the prior quarter.
- Over five years, Operating Margin peaked at 19.01% in Q4 2023 and troughed at 2.12% in Q4 2025.
- A 5-year average of 9.75% and a median of 8.28% in 2025 frame the typical range for Operating Margin.
- Across the five-year window, Operating Margin soared 1370 bps in 2023 and sank 1360 bps in 2024, its largest moves.
- Over 5 years, Operating Margin stood at 5.31% in 2022, then jumped by 258 bps to 19.01% in 2023, then slumped by 72 bps to 5.41% in 2024, then plunged by 61 bps to 2.12% in 2025, then surged by 216 bps to 6.68% in 2026.
- The last three Operating Margin figures came in at 6.68% (Q2 2026), 12.84% (Q1 2026), and 2.12% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Marsh & Mclennan Companies | 88.77 Bn | 76.82 Bn | 6.04 Bn | 25.65% |
| 2 | Aon | 68.55 Bn | 67.31 Bn | - | 21.55% |
| 3 | Arthur J. Gallagher | 67.32 Bn | 65.96 Bn | - | - |
| 4 | Willis Towers Watson | 31.09 Bn | 29.51 Bn | 2.09 Bn | 14.76% |
| 5 | Brown & Brown | 23.57 Bn | 22.68 Bn | 1.41 Bn | 6.68% |
| 6 | XChange TEC.INC | 16.98 Bn | 16.98 Bn | - | - |
| 7 | Erie Indemnity | 11.68 Bn | 11.33 Bn | - | 18.73% |
| 8 | Ryan Specialty Holdings | 10.71 Bn | 11.08 Bn | - | 19.67% |
| 9 | Hagerty | 4.65 Bn | 4.78 Bn | 244.11 Mn | 3.10% |
| 10 | Neptune Insurance Holdings | 4.58 Bn | 4.56 Bn | - | 47.52% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 6.68% |
| Mar 31, 2026 | 12.84% |
| Dec 31, 2025 | 2.12% |
| Sep 30, 2025 | 2.18% |
| Jun 30, 2025 | 7.78% |
| Mar 31, 2025 | 17.17% |
| Dec 31, 2024 | 5.41% |
| Sep 30, 2024 | 12.82% |
| Jun 30, 2024 | 14.69% |
| Mar 31, 2024 | 16.14% |
| Dec 31, 2023 | 19.01% |
| Sep 30, 2023 | 6.93% |
| Jun 30, 2023 | 8.79% |
| Mar 31, 2023 | 11.92% |
| Dec 31, 2022 | 5.31% |
| Sep 30, 2022 | 5.22% |
| Jun 30, 2022 | 5.34% |
| Mar 31, 2022 | 15.28% |
| Dec 31, 2021 | 3.99% |
| Sep 30, 2021 | 12.38% |