Brown & Brown, Inc. (BRO) Earnings History
Growth Compounder37 years of earnings data (1989–2025) · Consistent double-digit EPS growth over 5 years
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Brown & Brown, Inc. (BRO) Earnings Overview
As of June 22, 2026, Brown & Brown, Inc. (BRO) reported trailing twelve-month net income of $1.15B, reflecting -8.7% year-over-year growth. The company earned $3.39 per diluted share over the past four quarters, with a net profit margin of 17.7%.
Looking at the long-term picture, BRO's 5-year EPS compound annual growth rate (CAGR) stands at +13.3%, showing solid earnings momentum. The company achieved its highest annual net income of $1.05B in fiscal 2025, representing a new all-time high.
Brown & Brown, Inc. maintains industry-leading profitability with a gross margin of 87.7%, operating margin of 28.5%, and net margin of 17.7%. This margin structure demonstrates strong pricing power and operational efficiency. View revenue history →
Compared to peers including AJG ($1.49B net income, 10.7% margin), MMC ($4.13B net income, 16.6% margin), AON ($3.94B net income, 21.5% margin), BRO has outperformed on profitability metrics. Compare BRO vs AJG →
BRO Earnings vs Peers
Earnings metrics vs comparable public companies
BRO Historical Earnings Data (1989–2025)
37 years| Fiscal Year | Net Income | YoY % | Operating Income | EPS (Diluted) | Net Margin | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $1.05B | +6.1% | $1.70B | $3.16 | 17.7% | 28.5% |
| 2024 | $993M | +14.1% | $1.37B | $3.46 | 21.1% | 29.1% |
| 2023 | $871M | +29.6% | $1.16B | $3.05 | 20.7% | 27.5% |
| 2022 | $672M | +14.4% | $963M | $2.37 | 18.9% | 27.0% |
| 2021 | $587M | +22.2% | $855M | $2.07 | 19.3% | 28.0% |
| 2020 | $481M | +20.6% | $669M | $1.69 | 18.4% | 25.7% |
| 2019 | $399M | +15.8% | $571M | $1.40 | 16.7% | 23.9% |
| 2018 | $344M | -13.9% | $499M | $1.22 | 17.1% | 24.8% |
| 2017 | $400M | +55.2% | $471M | $1.41 | 21.5% | 25.4% |
| 2016 | $257M | +5.8% | $467M | $0.91 | 14.6% | 26.5% |
| 2015 | $243M | +17.6% | $441M | $0.85 | 14.7% | 26.6% |
| 2014 | $207M | -4.7% | $417M | $0.71 | 13.2% | 26.6% |
| 2013 | $217M | +18.0% | $369M | $0.74 | 16.0% | 27.2% |
| 2012 | $184M | +12.2% | $311M | $0.63 | 15.5% | 26.2% |
| 2011 | $164M | +1.4% | $275M | $0.56 | 16.3% | 27.3% |
| 2010 | $162M | +5.5% | $272M | $0.56 | 16.7% | 28.2% |
| 2009 | $153M | -7.7% | $269M | $0.54 | 15.8% | 27.8% |
| 2008 | $166M | -13.0% | $287M | $0.59 | 17.0% | 29.4% |
| 2007 | $191M | +10.8% | $325M | $0.68 | 19.9% | 33.9% |
| 2006 | $172M | +14.5% | $293M | $0.61 | 19.6% | 33.4% |
| 2005 | $151M | +16.8% | $259M | $0.54 | 19.2% | 32.9% |
| 2004 | $129M | +16.8% | $214M | $0.47 | 19.9% | 33.1% |
| 2003 | $110M | +32.7% | $176M | $0.40 | 20.2% | 32.2% |
| 2002 | $83M | +54.2% | $139M | $0.31 | 18.2% | 30.6% |
| 2001 | $54M | +64.4% | $96M | $0.21 | 14.8% | 26.3% |
| 2000 | $33M | +22.4% | $55M | $0.07 | 12.4% | 20.8% |
| 1999 | $27M | +13.7% | $45M | $0.12 | 14.2% | 23.8% |
| 1998 | $24M | +24.1% | $214M | $0.05 | 13.7% | 124.6% |
| 1997 | $19M | +13.2% | $180M | $0.06 | 13.2% | 125.5% |
| 1996 | $17M | +13.3% | $28M | $0.01 | 13.1% | 22.1% |
| 1995 | $15M | +9.5% | $378,000 | $0.01 | 13.9% | 0.4% |
| 1994 | $14M | +69.0% | $26M | $0.01 | 13.3% | 25.8% |
| 1993 | $8M | +515.4% | $19M | $0.00 | 8.4% | 19.9% |
| 1992 | $1M | -71.7% | $9M | $0.00 | 2.5% | 17.2% |
| 1991 | $5M | +12.2% | $10M | $0.00 | 9.5% | 21.4% |
| 1990 | $4M | +32.3% | $9M | $0.00 | 8.8% | 19.7% |
| 1989 | $3M | - | $10M | $0.00 | 7.5% | 22.8% |
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BRO — Frequently Asked Questions
Quick answers to the most common questions about buying BRO stock.
What is BRO earnings per share (EPS)?
BRO trailing twelve-month (TTM) diluted EPS is $3.39, reflecting -8.7% year-over-year growth. The 5-year EPS CAGR is +13.3%. Complete EPS history from 1989 to 2025 is available in the table on this page.
What is Brown & Brown, Inc.'s net income?
Brown & Brown, Inc. (BRO) trailing twelve-month net income is $1.1B as of 2025. Earnings declined -8.7% year-over-year. Brown & Brown, Inc. has been profitable for 37 consecutive years.
Is BRO profitable?
Yes, BRO is profitable with a TTM net income of $1.1B and a net profit margin of +17.7%. Brown & Brown, Inc. has generated profits for 37 consecutive years.
What is BRO's earnings growth rate?
BRO compound annual EPS growth rates (CAGR): 1-Year: -8.7%, 3-Year: +10.1%, 5-Year: +13.3%, 10-Year: +14.0%. These figures measure the annualised rate of diluted EPS growth over each period, based on data from 1989 to 2025.
What are BRO's profit margins?
Brown & Brown, Inc. net profit margin is +17.7%, operating margin is +28.5%, and gross margin is +87.7%. Above-average net margins reflect strong pricing power and competitive moat. Return on Equity is +11.1%.
Is BRO growing earnings?
BRO earnings are declining — EPS fell -8.7% year-over-year. TTM net income dropped to $1.1B. This contrasts with the 5-year CAGR of +13.3%.
What was BRO's best earnings year?
Brown & Brown, Inc.'s highest annual net income on record is $1.1B, achieved in fiscal year 2025. Earnings history on this page spans 1989 to 2025 and includes all annual and quarterly figures.
What were BRO's earnings last quarter?
BRO's most recent reported quarter was Q1 2026. Net income was $426M with diluted EPS of $1.26. For a full breakdown of all quarters, see the quarterly earnings table on this page.