The Baldwin Insurance Group, Inc. (BWIN) Revenue History
Annual and quarterly revenue from 2017 to 2025
Compound Annual Growth Rate (CAGR)
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BWIN Revenue Growth
Revenue Breakdown (FY 2025)
BWIN's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
BWIN Revenue Analysis (2017–2025)
As of May 8, 2026, The Baldwin Insurance Group, Inc. (BWIN) generated trailing twelve-month (TTM) revenue of $1.62 billion, reflecting exceptional growth of +29.4% year-over-year. The most recent quarter (Q1 2026) recorded $528.4 million in revenue, up 52.2% sequentially.
Looking at the longer-term picture, BWIN's 5-year compound annual growth rate (CAGR) stands at +45.4%, indicating outstanding long-term growth trajectory. The company achieved its highest annual revenue of $1.50 billion in 2025, representing a new all-time high.
Revenue diversification analysis shows BWIN's business is primarily driven by Commission Revenue (79%), Consulting and Service Fee Revenue (6%), and Profit Sharing Revenue (6%). With over half of revenue concentrated in Commission Revenue, the company maintains significant focus in this area while developing other growth vectors.
When compared to Financial Services sector peers including RYAN (+18.9% YoY), AON (+6.9% YoY), and MMC (+10.5% YoY), BWIN has underperformed the peer group in terms of revenue growth. Compare BWIN vs RYAN →
BWIN Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| BWINCurrent | $1.6B | +29.4% | +45.4% | 7.3% | |
 RYAN | $3.1B | +18.9% | +24.5% | 20.5% | |
 AON | $17.2B | +6.9% | +9.2% | 25.3% | |
 MMC | $24.5B | +10.5% | +8.0% | 23.8% | |
 WTW | $9.7B | +0.9% | +2.4% | 23.0% | |
 BRO | $6.0B | +33.5% | +18.0% | 28.5% |
BWIN Historical Revenue Data (2017–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $1.50B | +9.3% | $192.0M | 12.8% | $109.4M | 7.3% |
| 2024 | $1.38B | +14.0% | $344.2M | 25.0% | $60.6M | 4.4% |
| 2023 | $1.21B | +24.6% | $296.4M | 24.5% | $-42,551,000 | -3.5% |
| 2022 | $969.5M | +73.1% | $250.0M | 25.8% | $-31,098,000 | -3.2% |
| 2021 | $560.0M | +141.7% | $159.9M | 28.6% | $-31,626,000 | -5.6% |
| 2020 | $231.7M | +71.7% | $57.6M | 24.8% | $-21,938,000 | -9.5% |
| 2019 | $134.9M | +71.1% | $38.0M | 28.1% | $-5,068,000 | -3.8% |
| 2018 | $78.8M | +66.6% | $27.2M | 34.5% | $9.5M | 12.1% |
| 2017 | $47.3M | - | $16.5M | 34.9% | $5.8M | 12.3% |
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Start ComparisonBWIN — Frequently Asked Questions
Quick answers to the most common questions about buying BWIN stock.
Is BWIN's revenue growth accelerating or slowing?
BWIN revenue is accelerating at +29.4% year-over-year, exceeding the 5-year CAGR of +45.4%. TTM revenue reached $1.6B. Growth momentum has increased versus prior periods.
What is BWIN's long-term revenue growth rate?
The Baldwin Insurance Group, Inc.'s 5-year revenue CAGR of +45.4% reflects the sustained expansion pattern. Current YoY growth of +29.4% is above this long-term average.
How is BWIN's revenue distributed by segment?
BWIN reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2017-2025 are available for download. Segment mix reveals concentration and diversification trends.