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BRO · Brown & Brown, Inc.

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Market Cap
$24.15B
Shares
334.61M

Income-statement, balance-sheet and cash-flow figures extracted from the company's SEC filings — 10-K annual and 10-Q quarterly reports — and standardised for comparison across periods.

Revenue
$5.9B +22.8%
FY2025 Revenue FY2010–FY2025
Net Income
$1.05B +6.1%
FY2025 Net Income FY2010–FY2025
Diluted EPS
$3.16 -8.7%
FY2025 Diluted EPS FY2010–FY2025
Operating Cash Flow
$1.45B +23.5%
FY2025 Operating Cash Flow FY2010–FY2025

Chart any reported metric, KPI or segment over time — the full statement history lives here

Line Item TTM FY2025 FY2024 FY2023 FY2022 FY2021 FY2020 FY2019 FY2018 FY2017 FY2016 FY2015 FY2014 FY2013 FY2012 FY2011 FY2010
$6.79B $5.9B $4.81B $4.26B $3.57B $3.05B $2.61B $2.39B $2.01B $1.88B $1.77B $1.66B $1.58B $1.36B $1.2B $1.01B $973.49M
$86M $83M $77M $27.7M $26.4M $18K $16K $13K $17K $13K $18K $21K $8000
$3.27B $3.11B $2.7B $2.29B $1.99B $1.87B $1.55B $1.43B $1.34B $1.26B $1.24B $1.01B $895.22M $743.02M $707.39M
$399M $297M $193M $190M $141.2M $64.98M $58.97M $63.66M $40.58M $38.32M $39.48M $39.25M $28.41M $16.44M $16.1M $14.13M $14.47M
$1.55B $1.37B $1.3B $1.15B $876.1M $762.82M $624.1M $525.93M $462.46M $449.72M $423.5M $402.56M $339.75M $357.61M $304.81M $270.52M $266.1M
$334M $304M $301M $275.6M $204.3M $175.72M $143.62M $127.42M $118.21M $50.09M $166.01M $159.24M $132.85M $140.5M $120.77M $106.53M $104.35M
$1.2B $1.05B $993M $870.5M $671.8M $587.1M $480.48M $398.51M $344.26M $399.63M $257.49M $243.32M $206.9M $217.11M $184.05M $164M $161.75M
17.86% 20.67% 20.45% 18.8% 19.24% 18.39% 16.66% 17.09% 21.24% 14.58% 14.65% 13.13% 15.93% 15.34% 16.18% 16.62%
$9M $13M $9M
$1.19B $1.04B $981M $857.2M $659.1M $574.16M $465.29M $385.64M $335.96M $389.88M $250.79M $237.62M $201.71M $211.67M $178.73M $158.9M
$1.06B $1.37B $903M $999.8M $532.8M $577.7M $184.04M $164M $161.75M
USD/shares $3.55 $3.37 $3.48 $3.07 $2.38 $2.08 $1.70 $1.42 $1.24 $2.86 $1.84 $1.72 $1.43 $1.50 $1.28 $1.15 $1.14
USD/shares $3.13 $3.16 $3.46 $3.05 $2.37 $2.07 $1.69 $1.40 $1.22 $2.81 $1.82 $1.70 $1.41 $1.48 $1.26 $1.13 $1.12
shares 310M 282M 279.6M 277.5M 276.02K 274.33M 272.47M 270.97M 136.29M 136.14M 137.81M 140.94M 141.03M 139.36M 138.58M 137.92M
shares 313M 284M 280.8M 278.6M 277.41K 275.87M 274.62M 275.52M 138.79M 137.8M 140.11M 142.89M 142.62M 142.01M 140.26M 139.32M
Italic rows are computed from reported lines — open a row's info icon for its formula. Values reflect the latest filing (restatements included); per-share figures on today's split basis. Click a value for its source filing. TTM: trailing twelve months through the latest reported quarter — flows sum the last four quarters, balances take the latest. 3Y/5Y/10Y columns are trailing CAGR from the newest fiscal year; blank where an endpoint is missing or negative.

Capital Returned to Shareholders

Cash spent on share repurchases and dividends per fiscal year, as reported on the cash-flow statement. Across FY2010–FY2025: $922.1M in buybacks, $1.45B in dividends.

Price & Valuation

Multiples computed on the strict TTM/EV methodology — today's snapshot against peers, and each ratio recomputed as of past filing dates.

Valuation

EV/Revenue
4.56×
Peer median 4.36×
EV/EBIT
Peer median 17.94×
P/E (TTM)
Peer median 22.93×

Peer medians compare against the 11 similar-size Insurance Brokers companies (of 20 listed).

Valuation over time computed as of each quarter's filing date

Revenue Breakdown

Annual revenue as the company disaggregates it in its own XBRL filings. Years a component wasn't reported show a dash.

Share mode is each component's slice of the reported components that year — issuers rarely tag every revenue dollar, so slices need not sum to total revenue.

By Segment (USD)

Component FY2025 FY2024 FY2023 FY2022 FY2021 FY2020 FY2019 FY2018
Retail Segment $3,406,000,000 $2,729,000,000 $2,508,000,000 $2,157,000,000 $1,767,900,000 $1,472,800,000 $1,367,261,000
Specialty Distribution $2,409,000,000 $2,016,000,000 $1,714,000,000
National Programs $1,077,300,000 $701,900,000 $610,600,000 $518,384,000 $494,463,000
Programs $1,400,000,000 $1,173,000,000 $958,000,000
Services $163,100,000 $178,900,000 $174,000,000 $193,781,000 $189,246,000
Wholesale Brokerage $616,000,000 $541,000,000 $453,000,000 $403,400,000 $352,800,000 $310,087,000 $287,014,000
Retail $1,042,763,000

By Geography (USD)

Component FY2025 FY2024 FY2023 FY2022 FY2021 FY2020 FY2019 FY2018
United States $5,059,000,000 $4,140,000,000 $3,730,000,000 $3,333,000,000 $2,973,400,000 $2,578,300,000
United Kingdom $599,000,000 $545,000,000 $433,000,000 $170,000,000 $15,500,000 $12,700,000
Other Country $244,000,000 $120,000,000 $94,000,000 $9,000,000 $7,100,000 $6,200,000
Bermuda Canada Cayman Islands Ireland And The United Kingdom Operations $527,000,000 $240,600,000 $78,000,000
England, Bermuda, Cayman Islands and Ireland Operations $240,600,000 $78,000,000 $35,100,000
London, Bermuda and Cayman Islands Operations $35,100,000 $17,700,000 $15,200,000
London, Ireland, Bermuda, Cayman Islands and Canada $78,000,000 $35,100,000 $17,700,000
Canada $40,000,000 $35,000,000 $23,000,000 $21,300,000 $16,200,000
Ireland $48,000,000 $45,000,000 $38,000,000 $34,100,000 $0

By Product & Service (USD)

Component FY2025 FY2024 FY2023 FY2022 FY2021 FY2020 FY2019 FY2018
Core Commission Revenue $3,941,000,000 $3,282,000,000 $2,868,000,000 $2,377,000,000 $2,010,000,000 $1,751,400,000 $1,574,480,000 $1,362,037,000
Fee Revenue $1,278,000,000 $992,000,000 $995,000,000 $912,000,000 $833,000,000 $674,000,000 $646,766,000 $530,838,000
Profit Sharing Contingent Commission Revenue $255,000,000 $166,000,000 $130,000,000 $89,000,000 $82,200,000 $71,000,000 $59,166,000 $55,875,000
Other Supplemental Commissions Revenue $206,000,000 $188,000,000 $178,000,000 $159,000,000 $122,300,000 $109,700,000
Earned Premium $83,000,000 $77,000,000 $28,000,000 $26,000,000 $0 $0
Guaranteed Supplemental Commission Revenue $23,065,000 $9,961,000
Incentive Commission Revenue $81,260,000 $51,146,000
Key facts CIK 79282 CUSIP 115236101 13F (30d) 521 filings 498 filers Visit website Investor relations