Brown & Brown (BRO) Tax Rate (2009 - 2026)
Brown & Brown (BRO) posted quarterly Tax Rate of 24.54% for Q2 2026, down 22.0% year-over-year from 31.47% in Q2 2025, and up 23.41% quarter-over-quarter from 19.89% in Q1 2026.
Brown & Brown (BRO) Tax Rate (2009 - 2026) Analysis & Trends
Brown & Brown (BRO) has reported Tax Rate for 18 consecutive years, with 24.54% the latest figure, recorded in Q2 2026.
- In Q2 2026, Tax Rate fell 22.0% year-over-year to 24.54%; the TTM figure through Jun 2026 stood at 21.64% (down 182.0% YoY), while the FY2025 annual figure was 22.17%, down 93.0% from the prior year.
- Tax Rate rose to 24.54% in Q2 2026 per BRO's latest filing, from 19.89% in the prior quarter.
- Across five years, Tax Rate topped out at 27.27% in Q3 2023 and bottomed at 16.51% in Q4 2025.
- Historically, Tax Rate has averaged 23.21% across 5 years, with a median of 24.57% in 2024.
- Annual changes were most pronounced in 2023 — Tax Rate soared 286 bps — and 2025, when it tumbled 676 bps.
- Brown & Brown's Tax Rate stood at 25.13% in 2022, then fell by 4 bps to 24.23% in 2023, then retreated by 4 bps to 23.27% in 2024, then fell by 29 bps to 16.51% in 2025, then soared by 49 bps to 24.54% in 2026.
- Business Quant data shows BRO's Tax Rate at 24.54% in Q2 2026, 19.89% in Q1 2026, and 16.51% in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | XChange TEC.INC | 265.68 Bn | 265.68 Bn | - | - |
| 2 | Marsh & Mclennan Companies | 92.69 Bn | 80.48 Bn | 6.04 Bn | 24.15% |
| 3 | Aon | 76.03 Bn | 74.77 Bn | - | 21.96% |
| 4 | Arthur J. Gallagher | 67.45 Bn | 66.06 Bn | - | 21.74% |
| 5 | Willis Towers Watson | 32.28 Bn | 30.62 Bn | 2.09 Bn | 19.52% |
| 6 | Brown & Brown | 24.09 Bn | 23.17 Bn | 1.41 Bn | 24.54% |
| 7 | Erie Indemnity | 12.32 Bn | 11.97 Bn | - | 20.95% |
| 8 | Neptune Insurance Holdings | 4.56 Bn | 4.54 Bn | - | 31.88% |
| 9 | Accelerant Holdings | 4.27 Bn | 2.62 Bn | 285.20 Mn | 8.47% |
| 10 | Corvel | 3.59 Bn | 3.24 Bn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 24.54% |
| Jun 30, 2026 | 24.54% |
| Jun 30, 2026 | 24.54% |
| Mar 31, 2026 | 19.89% |
| Mar 31, 2026 | 19.89% |
| Mar 31, 2026 | 19.89% |
| Dec 31, 2025 | 16.51% |
| Dec 31, 2025 | 16.51% |
| Dec 31, 2025 | 16.51% |
| Sep 30, 2025 | 26.37% |
| Sep 30, 2025 | 26.37% |
| Sep 30, 2025 | 26.37% |
| Jun 30, 2025 | 24.76% |
| Jun 30, 2025 | 24.76% |
| Jun 30, 2025 | 24.76% |
| Mar 31, 2025 | 21.78% |
| Mar 31, 2025 | 21.78% |
| Mar 31, 2025 | 21.78% |
| Dec 31, 2024 | 23.27% |
| Dec 31, 2024 | 23.27% |