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

Baldwin Insurance's (BWIN) quarterly Operating Income came in at -$101.3 million in Q1 2026, down 280.78% year-on-year from $56.0 million in Q1 2025, and down 665.02% on a QoQ basis 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.

  • On a quarterly basis, Operating Income fell 280.78% year-over-year to -$101.3 million in Q1 2026; TTM through Mar 2026 was -$83.3 million, a 201.14% decrease from a year earlier, with the FY2025 full-year figure at $73.9 million, up 21.91% from the prior year.
  • Operating Income for Q1 2026 stood at -$101.3 million, down from -$13.2 million in the prior quarter.
  • Over the last five years, Operating Income for BWIN reached as high as $56.0 million in Q1 2025 and fell as low as -$101.3 million in Q1 2026.
  • Historically, Operating Income has averaged -$2.4 million across 5 years, with a median of $3.2 million in 2025.
  • Across the five-year window, Operating Income soared 17813.95% in 2024 and sank 280.78% in 2026, its largest moves.
  • Year by year, Operating Income 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 slumped by 141.82% to -$13.2 million in 2025, then plunged by 665.02% to -$101.3 million in 2026.
  • Per Business Quant data, the three most recent Operating Income figures were -$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 84.27 Bn 72.32 Bn 6.04 Bn 1.90 Bn
2 Aon 75.99 Bn 74.60 Bn - 1.72 Bn
3 Arthur J. Gallagher 62.23 Bn 60.85 Bn - -
4 Willis Towers Watson 27.24 Bn 25.46 Bn 1.98 Bn 448.00 Mn
5 Brown & Brown 23.60 Bn 22.62 Bn 1.61 Bn 244.00 Mn
6 Neptune Insurance Holdings 4.12 Bn 4.11 Bn 26.44 Mn 13.44 Mn
7 Accelerant Holdings 3.06 Bn 1.55 Bn 48.00 Mn 12.10 Mn
8 Corvel 3.03 Bn 2.68 Bn 54.92 Mn 32.23 Mn
9 Baldwin Insurance 2.43 Bn 2.87 Bn - -101.27 Mn
10 Goosehead Insurance 1.31 Bn 1.20 Bn - 26.59 Mn

Historic Data

Download Data
DateValue
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