Baldwin Insurance (BWIN) Share-based Compensation (2018 - 2026)

Baldwin Insurance (BWIN) reported Share-based Compensation of $12.8 million for Q1 2026, little changed year-over-year from $12.8 million in Q1 2025, and down 33.73% quarter-over-quarter from $19.3 million in Q4 2025.

Baldwin Insurance (BWIN) Share-based Compensation (2018 - 2026) Analysis & Trends

Baldwin Insurance (BWIN) has 9 years of Share-based Compensation data on file, last reported at $12.8 million in Q1 2026.

  • Share-based Compensation for Q1 2026 came in at $12.8 million, changed 0.12% year-over-year; the trailing twelve-month figure through Mar 2026 was $71.1 million (up 10.77% YoY), and the FY2025 annual result was $71.1 million, up 8.56% from the prior year.
  • Share-based Compensation declined to $12.8 million in Q1 2026 per BWIN's latest filing, from $19.3 million in the prior quarter.
  • Over five years, Share-based Compensation peaked at $22.0 million in Q3 2025 and troughed at $7.6 million in Q1 2022.
  • A 5-year average of $15.1 million and a median of $14.6 million in 2023 frame the typical range for Share-based Compensation.
  • The sharpest annual moves came in 2022 and 2023: Share-based Compensation surged 193.23% in 2022, then tumbled 37.3% in 2023.
  • A 5-year view of Share-based Compensation shows it stood at $21.3 million in 2022, then plunged by 37.3% to $13.4 million in 2023, then jumped by 40.15% to $18.7 million in 2024, then climbed by 3.21% to $19.3 million in 2025, then slumped by 33.73% to $12.8 million in 2026.
  • Business Quant data shows BWIN's Share-based Compensation at $12.8 million in Q1 2026, $19.3 million in Q4 2025, and $22.0 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Share-based Compensation (Qtr)
1 Marsh & Mclennan Companies 79.42 Bn 67.92 Bn 5.88 Bn 139.00 Mn
2 Aon 69.98 Bn 68.59 Bn - 82.00 Mn
3 Arthur J. Gallagher 55.55 Bn 54.17 Bn - 17.00 Mn
4 Willis Towers Watson 24.71 Bn 22.93 Bn 1.98 Bn 42.00 Mn
5 Brown & Brown 19.80 Bn 18.82 Bn 1.61 Bn 26.00 Mn
6 XChange TEC.INC 6.75 Bn 6.75 Bn - -
7 Neptune Insurance Holdings 4.00 Bn 3.99 Bn - 6.88 Mn
8 Corvel 2.98 Bn 2.64 Bn 54.92 Mn 1.36 Mn
9 Accelerant Holdings 2.93 Bn 1.42 Bn 48.00 Mn 28.80 Mn
10 Baldwin Insurance 1.62 Bn 2.07 Bn - 12.82 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 12.82 Mn
Mar 31, 2026 12.82 Mn
Dec 31, 2025 19.34 Mn
Dec 31, 2025 19.34 Mn
Sep 30, 2025 22.02 Mn
Sep 30, 2025 22.02 Mn
Jun 30, 2025 16.95 Mn
Jun 30, 2025 16.95 Mn
Mar 31, 2025 12.80 Mn
Mar 31, 2025 12.80 Mn
Dec 31, 2024 18.74 Mn
Dec 31, 2024 18.74 Mn
Sep 30, 2024 17.95 Mn
Sep 30, 2024 17.95 Mn
Jun 30, 2024 14.72 Mn
Jun 30, 2024 14.72 Mn
Mar 31, 2024 14.09 Mn
Mar 31, 2024 14.09 Mn
Dec 31, 2023 13.37 Mn
Dec 31, 2023 13.37 Mn