BRO
Brown & Brown, Inc.
$69.21
+1.55 (+2.29%)
At close · Jul 13
Market Cap
$23.46B
Shares
338,947,841
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
Net Income
$1.05B
+6.1%
FY2025
Diluted EPS
$3.16
-8.7%
FY2025
Operating Cash Flow
$1.45B
+23.5%
FY2025
Chart any reported metric, KPI or segment over time — the full statement history lives here
Search above to add metrics — fundamentals, product and segment revenue, company KPIs, valuation.
| Line Item | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 | FY2010 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| $6.4B | $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 | |
| — | $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 | |
| $350M | $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 | |
| $1.48B | $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 | |
| $317M | $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 | |
| $1.15B | $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% | |
| $11M | $13M | $9M | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |
| $1.14B | $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 | — | |
| $1.26B | $1.37B | $903M | $999.8M | $532.8M | $577.7M | — | — | — | — | — | — | — | — | $184.04M | $164M | $161.75M | |
| USD/shares | — | $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 | — | $3.16 | $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 the industry, and each ratio recomputed as of past filing dates.
Valuation
EV/Revenue
4.73×
Insurance Brokers median 4.08×
EV/EBIT
—
Insurance Brokers median 17.93×
P/E (TTM)
22.54×
Insurance Brokers median 22.62×
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 | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
|---|---|---|---|---|---|---|---|---|
| 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 | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
|---|---|---|---|---|---|---|---|---|
| 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 | — | — |
| Other International Countries | $843,000,000 | $665,000,000 | $527,000,000 | — | — | — | — | — |
| 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 | — | — |
| England Bermuda Cayman Islands And The Republic Of Ireland Operations | — | $665,000,000 | $527,000,000 | $240,000,000 | — | — | — | — |
| 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 | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
|---|---|---|---|---|---|---|---|---|
| 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 |