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% on a QoQ basis from -$13.2 million in Q4 2025.
Baldwin Insurance (BWIN) has 9 years of Operating Income data on file, last reported at -$101.3 million in Q1 2026.
- Quarterly Operating Income fell 280.78% year-over-year to -$101.3 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was -$83.3 million (down 201.14% YoY) and the FY2025 annual result came in at $73.9 million, up 21.91% from the prior year.
- Operating Income eased to -$101.3 million in Q1 2026 per BWIN's latest filing, from -$13.2 million in the prior quarter.
- Across five years, Operating Income topped out at $56.0 million in Q1 2025 and bottomed at -$101.3 million in Q1 2026.
- The 5-year median for Operating Income is $3.2 million (2025), against an average of -$2.4 million.
- The widest annual swing landed in 2024, when Operating Income soared 17813.95%; it then sank 280.78% in 2026.
- Tracing BWIN's Operating Income over 5 years: stood at -$66.4 million in 2022, then soared by 55.25% to -$29.7 million in 2023, then surged by 81.58% to -$5.5 million in 2024, then tumbled by 141.82% to -$13.2 million in 2025, then sank by 665.02% to -$101.3 million in 2026.
- Per Business Quant, the three latest BWIN Operating Income figures stand at -$101.3 million (Q1 2026), -$13.2 million (Q4 2025), and $3.2 million (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Op. Inc (Qtr) |
|---|---|---|---|---|---|
| 1 | Aon | 69.60 Bn | 68.21 Bn | - | 1.72 Bn |
| 2 | Arthur J. Gallagher | 52.64 Bn | 51.26 Bn | - | - |
| 3 | Willis Towers Watson | 24.45 Bn | 22.68 Bn | 1.98 Bn | 448.00 Mn |
| 4 | Brown & Brown | 19.37 Bn | 18.39 Bn | 1.61 Bn | 1.60 Bn |
| 5 | XChange TEC.INC | 6.95 Bn | 6.95 Bn | - | - |
| 6 | Accelerant Holdings | 3.83 Bn | 2.32 Bn | 48.00 Mn | 12.10 Mn |
| 7 | Corvel | 3.22 Bn | 2.87 Bn | 54.92 Mn | 32.23 Mn |
| 8 | Baldwin Insurance | 1.84 Bn | 2.28 Bn | - | -101.27 Mn |
| 9 | Goosehead Insurance | 1.01 Bn | 899.53 Mn | - | 15.00 Mn |
| 10 | Twfg | 279.02 Mn | 351.22 Mn | - | 12.35 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 |
| Mar 31, 2021 | 36.95 Mn |
| Dec 31, 2020 | -13.76 Mn |
| Sep 30, 2020 | -6.67 Mn |
| Jun 30, 2020 | -6.81 Mn |
| Mar 31, 2020 | 5.30 Mn |
| Dec 31, 2019 | -18.54 Mn |
| Sep 30, 2019 | 1.47 Mn |
| Jun 30, 2019 | 664,000.00 |
| Mar 31, 2019 | 11.33 Mn |
| Dec 31, 2018 | 755,000.00 |
| Sep 30, 2018 | 1.34 Mn |