Baldwin Insurance BWIN
NASDAQ BWIN
$28.23 -1.48 (-4.98%)
As of: Sep 9, 2026 · 3:59 PM EDT

Baldwin Insurance (BWIN) Operating Income (2018 - 2026)

Baldwin Insurance's (BWIN) quarterly Operating Income came in at -$8.3 million in Q2 2026, down 129.86% year-over-year from $27.9 million in Q2 2025, and up 91.76% quarter-over-quarter from -$101.3 million in Q1 2026.

Analysis

Baldwin Insurance (BWIN) Operating Income (2018 - 2026) Analysis & Trends

Baldwin Insurance (BWIN) has reported Operating Income for 9 consecutive years, with -$8.3 million the latest figure, recorded in Q2 2026.

  • On a quarterly basis, Operating Income fell 129.86% year-over-year to -$8.3 million in Q2 2026; TTM through Jun 2026 was -$119.6 million, a 227.42% decrease from a year earlier, with the FY2025 full-year figure at $73.9 million, up 21.91% from the prior year.
  • Operating Income was -$8.3 million for Q2 2026 at Baldwin Insurance, up from -$101.3 million in the prior quarter.
  • Over five years, Operating Income peaked at $56.0 million in Q1 2025 and troughed at -$101.3 million in Q1 2026.
  • A 5-year average of -$2.7 million and a median of $1.7 million in 2023 frame the typical range for Operating Income.
  • Across the five-year window, Operating Income jumped 17813.95% in 2024 and plunged 280.78% in 2026, its largest moves.
  • Over 5 years, Operating Income stood at -$66.4 million in 2022, then jumped by 55.25% to -$29.7 million in 2023, then soared by 81.58% to -$5.5 million in 2024, then slumped by 141.82% to -$13.2 million in 2025, then surged by 36.97% to -$8.3 million in 2026.
  • The last three Operating Income figures came in at -$8.3 million (Q2 2026), -$101.3 million (Q1 2026), and -$13.2 million (Q4 2025), per Business Quant data.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Op. Inc (Qtr)
1 Marsh & Mclennan Companies 85.01 Bn 72.80 Bn 6.04 Bn 1.90 Bn
2 Aon 65.00 Bn 63.73 Bn - 915.00 Mn
3 Arthur J. Gallagher 62.74 Bn 61.35 Bn - -
4 Willis Towers Watson 29.53 Bn 27.87 Bn 2.09 Bn 364.00 Mn
5 Brown & Brown 22.19 Bn 21.27 Bn 1.41 Bn 112.00 Mn
6 XChange TEC.INC 17.23 Bn 17.23 Bn - -
7 Erie Indemnity 11.26 Bn 10.91 Bn - 204.12 Mn
8 Ryan Specialty Holdings 4.93 Bn 4.79 Bn - 180.32 Mn
9 Neptune Insurance Holdings 4.36 Bn 4.34 Bn - 26.55 Mn
10 Baldwin Insurance 2.60 Bn 2.42 Bn - -8.34 Mn
Historic Data

Historic Data

Download Data
DateValue
Jun 30, 2026 -8.34 Mn
Mar 31, 2026 -101.27 Mn
Dec 31, 2025 -13.24 Mn
Sep 30, 2025 3.22 Mn
Jun 30, 2025 27.94 Mn
Mar 31, 2025 56.02 Mn
Dec 31, 2024 -5.47 Mn
Sep 30, 2024 15.41 Mn
Jun 30, 2024 16.46 Mn
Mar 31, 2024 34.26 Mn
Dec 31, 2023 -29.73 Mn
Sep 30, 2023 86,000.00
Jun 30, 2023 -16.53 Mn
Mar 31, 2023 3.62 Mn
Dec 31, 2022 -66.42 Mn
Sep 30, 2022 -29.86 Mn
Jun 30, 2022 25.44 Mn
Mar 31, 2022 39.74 Mn
Dec 31, 2021 -37.86 Mn
Sep 30, 2021 -17.18 Mn