Brown & Brown, Inc. (BRO) Revenue History
Annual and quarterly revenue from 2014 to 2025
Compound Annual Growth Rate (CAGR)
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BRO Revenue Growth
Revenue Breakdown (FY 2025)
BRO's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
By Geography
BRO Revenue Analysis (2014–2025)
As of May 8, 2026, Brown & Brown, Inc. (BRO) generated trailing twelve-month (TTM) revenue of $6.42 billion, reflecting explosive growth of +37.3% year-over-year. The most recent quarter (Q1 2026) recorded $1.90 billion in revenue, up 13.9% sequentially.
Looking at the longer-term picture, BRO's 5-year compound annual growth rate (CAGR) stands at +18.0%, indicating consistent double-digit revenue growth. The company achieved its highest annual revenue of $5.96 billion in 2025, representing a new all-time high.
Revenue diversification analysis shows BRO's business is primarily driven by Retail (59%), and Specialty Distribution (41%). With over half of revenue concentrated in Retail, the company maintains significant focus in this area while developing other growth vectors.
When compared to Financial Services sector peers including AJG (+20.7% YoY), MMC (+10.5% YoY), and AON (+6.9% YoY), BRO has outperformed the peer group in terms of revenue growth. Compare BRO vs AJG →
BRO Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| BROCurrent | $6.4B | +37.3% | +18.0% | 28.5% | |
 AJG | $13.9B | +20.7% | +14.7% | 18.3% | |
 MMC | $24.5B | +10.5% | +8.0% | 23.8% | |
 AON | $17.2B | +6.9% | +9.2% | 25.3% | |
 WTW | $9.7B | +0.9% | +2.4% | 23.0% | |
 RYAN | $3.1B | +18.9% | +24.5% | 20.5% |
BRO Historical Revenue Data (2014–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $5.96B | +26.6% | $5.22B | 87.7% | $1.70B | 28.5% |
| 2024 | $4.71B | +12.1% | $2.30B | 48.9% | $1.37B | 29.1% |
| 2023 | $4.20B | +17.9% | $2.01B | 47.9% | $1.16B | 27.5% |
| 2022 | $3.56B | +16.9% | $1.75B | 49.0% | $963.0M | 27.0% |
| 2021 | $3.05B | +16.9% | $1.41B | 46.3% | $854.7M | 28.0% |
| 2020 | $2.61B | +9.3% | $1.17B | 44.9% | $668.9M | 25.7% |
| 2019 | $2.38B | +18.7% | $1.08B | 45.1% | $570.8M | 23.9% |
| 2018 | $2.01B | +8.2% | $940.9M | 46.8% | $499.4M | 24.8% |
| 2017 | $1.86B | +5.4% | $862.6M | 46.4% | $471.0M | 25.4% |
| 2016 | $1.76B | +6.4% | $837.6M | 47.5% | $467.0M | 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's revenue growth accelerating or slowing?
BRO revenue is accelerating at +37.3% year-over-year, exceeding the 5-year CAGR of +18.0%. TTM revenue reached $6.4B. Growth momentum has increased versus prior periods.
What is BRO's long-term revenue growth rate?
Brown & Brown, Inc.'s 5-year revenue CAGR of +18.0% reflects the sustained expansion pattern. Current YoY growth of +37.3% is above this long-term average.
How is BRO's revenue distributed by segment?
BRO reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2014-2025 are available for download. Segment mix reveals concentration and diversification trends.