Baldwin Insurance (BWIN) Operating Income (2018 - 2026)
Baldwin Insurance (BWIN) reported Operating Income of -$101.3 million for Q1 2026, down 280.78% year-over-year from $56.0 million in Q1 2025, and down 665.02% quarter-over-quarter from -$13.2 million in Q4 2025.
Baldwin Insurance (BWIN) Operating Income (2018 - 2026) Analysis & Trends
Baldwin Insurance (BWIN) has 9 years of Operating Income data on file, last reported at -$101.3 million in Q1 2026.
- Operating Income for Q1 2026 came in at -$101.3 million, down 280.78% year-over-year; the trailing twelve-month figure through Mar 2026 was -$83.3 million (down 201.14% YoY), and the FY2025 annual result was $73.9 million, up 21.91% from the prior year.
- Operating Income slipped to -$101.3 million in Q1 2026 per BWIN's latest filing, from -$13.2 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 -$2.4 million and a median of $3.2 million in 2025 frame the typical range for Operating Income.
- The sharpest annual moves came in 2024 and 2026: Operating Income surged 17813.95% in 2024, then tumbled 280.78% in 2026.
- A 5-year view of Operating Income shows it stood at -$66.4 million in 2022, then surged by 55.25% to -$29.7 million in 2023, then jumped by 81.58% to -$5.5 million in 2024, then sank by 141.82% to -$13.2 million in 2025, then tumbled by 665.02% to -$101.3 million in 2026.
- Business Quant data shows BWIN's Operating Income at -$101.3 million in Q1 2026, -$13.2 million in Q4 2025, and $3.2 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Op. Inc (Qtr) |
|---|---|---|---|---|---|
| 1 | Marsh & Mclennan Companies | 79.42 Bn | 67.92 Bn | 5.88 Bn | 1.75 Bn |
| 2 | Aon | 69.98 Bn | 68.59 Bn | - | 1.72 Bn |
| 3 | Arthur J. Gallagher | 55.55 Bn | 54.17 Bn | - | - |
| 4 | Willis Towers Watson | 24.71 Bn | 22.93 Bn | 1.98 Bn | 448.00 Mn |
| 5 | Brown & Brown | 19.80 Bn | 18.82 Bn | 1.61 Bn | 1.60 Bn |
| 6 | XChange TEC.INC | 6.75 Bn | 6.75 Bn | - | - |
| 7 | Neptune Insurance Holdings | 4.00 Bn | 3.99 Bn | - | 13.44 Mn |
| 8 | Corvel | 2.98 Bn | 2.64 Bn | 54.92 Mn | 32.23 Mn |
| 9 | Accelerant Holdings | 2.93 Bn | 1.42 Bn | 48.00 Mn | 12.10 Mn |
| 10 | Baldwin Insurance | 1.62 Bn | 2.07 Bn | - | -101.27 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |
| Jun 30, 2021 | -13.54 Mn |