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 | 88.77 Bn | 76.82 Bn | 6.04 Bn | 1.90 Bn |
| 2 | Aon | 68.55 Bn | 67.31 Bn | - | 915.00 Mn |
| 3 | Arthur J. Gallagher | 67.32 Bn | 65.96 Bn | - | - |
| 4 | Willis Towers Watson | 31.09 Bn | 29.51 Bn | 2.09 Bn | 364.00 Mn |
| 5 | Brown & Brown | 23.57 Bn | 22.68 Bn | 1.41 Bn | 112.00 Mn |
| 6 | XChange TEC.INC | 16.98 Bn | 16.98 Bn | - | - |
| 7 | Erie Indemnity | 11.68 Bn | 11.33 Bn | - | 204.12 Mn |
| 8 | Ryan Specialty Holdings | 10.71 Bn | 11.08 Bn | - | 180.32 Mn |
| 9 | Hagerty | 4.65 Bn | 4.78 Bn | 244.11 Mn | 11.00 Mn |
| 10 | Baldwin Insurance | 4.31 Bn | 4.66 Bn | - | -8.34 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| 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 |