Brown & Brown (BRO) Operating Margin (2009 - 2026)
Brown & Brown (BRO) posted quarterly Operating Margin of 6.68% for 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.
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.
- In Q2 2026, Operating Margin fell 110.0% year-over-year to 6.68%; the TTM figure through Jun 2026 stood at 6.26% (down 475.0% YoY), while the FY2025 annual figure was 6.98%, down 536.0% from the prior year.
- Operating Margin retreated to 6.68% in Q2 2026 per BRO's latest filing, from 12.84% in the prior quarter.
- Across five years, Operating Margin topped out at 19.01% in Q4 2023 and bottomed at 2.12% in Q4 2025.
- Historically, Operating Margin has averaged 9.75% across 5 years, with a median of 8.28% in 2025.
- Annual changes were most pronounced in 2023 — Operating Margin jumped 1370 bps — and 2024, when it plunged 1360 bps.
- Brown & Brown's Operating Margin stood at 5.31% in 2022, then soared 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 jumped by 216 bps to 6.68% in 2026.
- Business Quant data shows BRO's Operating Margin at 6.68% in Q2 2026, 12.84% in Q1 2026, and 2.12% in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | XChange TEC.INC | 279.91 Bn | 279.90 Bn | - | - |
| 2 | Marsh & Mclennan Companies | 91.40 Bn | 79.19 Bn | 6.04 Bn | 25.65% |
| 3 | Aon | 75.07 Bn | 73.80 Bn | - | 21.55% |
| 4 | Arthur J. Gallagher | 66.45 Bn | 65.07 Bn | - | - |
| 5 | Willis Towers Watson | 32.02 Bn | 30.36 Bn | 2.09 Bn | 14.76% |
| 6 | Brown & Brown | 23.72 Bn | 22.80 Bn | 1.41 Bn | 6.68% |
| 7 | Erie Indemnity | 12.11 Bn | 11.77 Bn | - | 18.73% |
| 8 | Neptune Insurance Holdings | 4.50 Bn | 4.48 Bn | - | 47.52% |
| 9 | Accelerant Holdings | 4.28 Bn | 2.62 Bn | 285.20 Mn | 2.02% |
| 10 | Corvel | 3.60 Bn | 3.25 Bn | - | - |
Historic Data
Download 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% |