Brown & Brown (BRO) Tax Rate (2009 - 2026)
Brown & Brown (BRO) reported Tax Rate of 19.89% for Q1 2026, down 189.0% year-over-year from 22.35% in Q1 2025, and up 55.7% on a QoQ basis from 12.77% in Q4 2025.
Brown & Brown (BRO) has 18 years of Tax Rate data on file, last reported at 19.89% in Q1 2026.
- Quarterly Tax Rate fell 189.0% year-over-year to 19.89% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 20.73% (down 286.0% YoY) and the FY2025 annual result came in at 21.3%, down 180.0% from the prior year.
- Tax Rate grew to 19.89% in Q1 2026 per BRO's latest filing, from 12.77% in the prior quarter.
- Across five years, Tax Rate topped out at 27.27% in Q3 2023 and bottomed at 12.77% in Q4 2025.
- The 5-year median for Tax Rate is 24.61% (2024), against an average of 22.67%.
- The widest annual swing landed in 2024, when Tax Rate surged 327 bps; it then plunged 1050 bps in 2025.
- Tracing BRO's Tax Rate over 5 years: stood at 25.13% in 2022, then declined by 20 bps to 20.0% in 2023, then climbed by 16 bps to 23.27% in 2024, then slumped by 45 bps to 12.77% in 2025, then jumped by 56 bps to 19.89% in 2026.
- Per Business Quant, the three latest BRO Tax Rate figures stand at 19.89% (Q1 2026), 12.77% (Q4 2025), and 26.37% (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Aon | 69.60 Bn | 68.21 Bn | - | 20.22 |
| 2 | Arthur J. Gallagher | 52.64 Bn | 51.26 Bn | - | 21.09 |
| 3 | Willis Towers Watson | 24.45 Bn | 22.68 Bn | 1.98 Bn | 18.62 |
| 4 | Brown & Brown | 19.37 Bn | 18.39 Bn | 1.61 Bn | 19.89 |
| 5 | XChange TEC.INC | 6.95 Bn | 6.95 Bn | - | - |
| 6 | Accelerant Holdings | 3.83 Bn | 2.32 Bn | 48.00 Mn | 305.00 |
| 7 | Corvel | 3.22 Bn | 2.87 Bn | 54.92 Mn | 25.00 |
| 8 | Baldwin Insurance | 1.84 Bn | 2.28 Bn | - | 98.71 |
| 9 | Goosehead Insurance | 1.01 Bn | 899.53 Mn | - | 17.36 |
| 10 | Twfg | 279.02 Mn | 351.22 Mn | - | 7.97 |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 19.89 |
| Mar 31, 2026 | 19.89 |
| Dec 31, 2025 | 12.77 |
| Dec 31, 2025 | 12.77 |
| Sep 30, 2025 | 26.37 |
| Sep 30, 2025 | 26.37 |
| Jun 30, 2025 | 24.76 |
| Jun 30, 2025 | 24.76 |
| Mar 31, 2025 | 21.78 |
| Mar 31, 2025 | 21.78 |
| Dec 31, 2024 | 23.27 |
| Dec 31, 2024 | 23.27 |
| Sep 30, 2024 | 24.61 |
| Sep 30, 2024 | 24.61 |
| Jun 30, 2024 | 25.14 |
| Jun 30, 2024 | 25.14 |
| Mar 31, 2024 | 19.51 |
| Mar 31, 2024 | 19.51 |
| Dec 31, 2023 | 20.00 |
| Dec 31, 2023 | 20.00 |
| Sep 30, 2023 | 27.27 |
| Sep 30, 2023 | 27.27 |
| Jun 30, 2023 | 25.20 |
| Jun 30, 2023 | 25.20 |
| Mar 31, 2023 | 19.73 |
| Mar 31, 2023 | 19.73 |
| Dec 31, 2022 | 25.13 |
| Dec 31, 2022 | 25.13 |
| Sep 30, 2022 | 26.10 |
| Sep 30, 2022 | 26.10 |
| Jun 30, 2022 | 26.96 |
| Jun 30, 2022 | 26.96 |
| Mar 31, 2022 | 16.87 |
| Mar 31, 2022 | 16.87 |
| Dec 31, 2021 | 27.77 |
| Dec 31, 2021 | 27.77 |
| Sep 30, 2021 | 25.50 |
| Sep 30, 2021 | 25.50 |
| Jun 30, 2021 | 25.23 |
| Jun 30, 2021 | 25.23 |
| Mar 31, 2021 | 16.51 |
| Mar 31, 2021 | 16.51 |
| Dec 31, 2020 | 13.81 |
| Dec 31, 2020 | 13.81 |
| Sep 30, 2020 | 15.49 |
| Sep 30, 2020 | 15.49 |
| Jun 30, 2020 | 25.21 |
| Jun 30, 2020 | 25.21 |
| Mar 31, 2020 | 25.75 |
| Mar 31, 2020 | 25.75 |
| Dec 31, 2019 | 25.02 |
| Dec 31, 2019 | 25.02 |
| Sep 30, 2019 | 23.93 |
| Sep 30, 2019 | 23.93 |
| Jun 30, 2019 | 25.04 |
| Jun 30, 2019 | 25.04 |
| Mar 31, 2019 | 23.31 |
| Mar 31, 2019 | 23.31 |
| Dec 31, 2018 | 26.99 |
| Dec 31, 2018 | 26.99 |
| Sep 30, 2018 | 25.58 |
| Sep 30, 2018 | 25.58 |
| Jun 30, 2018 | 26.74 |
| Jun 30, 2018 | 26.74 |
| Mar 31, 2018 | 23.31 |
| Mar 31, 2018 | 23.31 |
| Dec 31, 2017 | -113.70 |
| Dec 31, 2017 | -113.70 |
| Sep 30, 2017 | 38.99 |
| Sep 30, 2017 | 38.99 |
| Jun 30, 2017 | 38.80 |
| Jun 30, 2017 | 38.80 |
| Mar 31, 2017 | 36.82 |
| Mar 31, 2017 | 36.82 |
| Dec 31, 2016 | 39.28 |
| Dec 31, 2016 | 39.28 |
| Sep 30, 2016 | 38.84 |
| Sep 30, 2016 | 38.84 |
| Jun 30, 2016 | 39.26 |
| Jun 30, 2016 | 39.26 |
| Mar 31, 2016 | 39.47 |
| Mar 31, 2016 | 39.47 |
| Dec 31, 2015 | 39.04 |
| Dec 31, 2015 | 39.04 |
| Sep 30, 2015 | 40.24 |
| Sep 30, 2015 | 40.24 |
| Jun 30, 2015 | 39.55 |
| Jun 30, 2015 | 39.55 |
| Mar 31, 2015 | 39.27 |
| Mar 31, 2015 | 39.27 |
| Dec 31, 2014 | 36.55 |
| Dec 31, 2014 | 36.55 |
| Sep 30, 2014 | 39.36 |
| Sep 30, 2014 | 39.36 |
| Jun 30, 2014 | 39.33 |
| Jun 30, 2014 | 39.33 |
| Mar 31, 2014 | 39.64 |
| Mar 31, 2014 | 39.64 |
| Dec 31, 2013 | 38.22 |
| Dec 31, 2013 | 38.22 |
| Sep 30, 2013 | 39.50 |
| Sep 30, 2013 | 39.50 |
| Jun 30, 2013 | 39.68 |
| Jun 30, 2013 | 39.68 |
| Mar 31, 2013 | 39.56 |
| Mar 31, 2013 | 39.56 |
| Dec 31, 2012 | -8.86 |
| Dec 31, 2012 | -8.86 |
| Sep 30, 2012 | 39.37 |
| Sep 30, 2012 | 39.37 |
| Jun 30, 2012 | 40.30 |
| Jun 30, 2012 | 40.30 |
| Mar 31, 2012 | 40.29 |
| Mar 31, 2012 | 40.29 |
| Dec 31, 2011 | -11.97 |
| Dec 31, 2011 | -11.97 |
| Sep 30, 2011 | 39.23 |
| Sep 30, 2011 | 39.23 |
| Jun 30, 2011 | 39.75 |
| Jun 30, 2011 | 39.75 |
| Mar 31, 2011 | 39.62 |
| Mar 31, 2011 | 39.62 |
| Dec 31, 2010 | 38.14 |
| Dec 31, 2010 | 38.14 |
| Sep 30, 2010 | 39.35 |
| Sep 30, 2010 | 39.35 |
| Jun 30, 2010 | 39.45 |
| Jun 30, 2010 | 39.45 |
| Mar 31, 2010 | 39.62 |
| Mar 31, 2010 | 39.62 |
| Dec 31, 2009 | 42.42 |
| Dec 31, 2009 | 42.42 |
| Sep 30, 2009 | 39.31 |
| Sep 30, 2009 | 39.31 |
| Jun 30, 2009 | 39.28 |
| Jun 30, 2009 | 39.28 |