Brown & Brown, Inc. (BRO) Earnings History
Annual and quarterly earnings data from 1989 to 2025
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BRO EPS Growth (CAGR)
Compound annual growth rate of diluted earnings per share
CAGR (Compound Annual Growth Rate) shows the annualized growth rate of EPS over the specified period. A higher CAGR indicates stronger earnings momentum.
BRO Profitability Analysis
Margin trends over time
| Year | Gross Margin | Operating Margin | Net Margin |
|---|---|---|---|
| 2025 | 87.7% | 28.5% | 17.7% |
| 2024 | 48.9% | 29.1% | 21.1% |
| 2023 | 47.9% | 27.5% | 20.7% |
| 2022 | 49.0% | 27.0% | 18.9% |
| 2021 | 46.3% | 28.0% | 19.3% |
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Brown & Brown, Inc. (BRO) Earnings Overview
As of May 8, 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% |
Full BRO Stock Analysis
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Start ComparisonBRO — Frequently Asked Questions
Quick answers to the most common questions about buying BRO stock.
Is BRO growing earnings?
BRO EPS fell to $3.39, with earnings declining -8.7%. This contrasts with the 5-year CAGR of +13.3%. TTM net income dropped to $1.1B.
What are BRO's profit margins?
Brown & Brown, Inc. net margin is +17.7%, with operating margin at +28.5%. Above-average margins indicate pricing power.
How consistent are BRO's earnings?
BRO earnings data spans 1989-2025. The declining earnings trend is -8.7% YoY. Historical data enables comparison across business cycles.