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BRO · XBRL financial data

Brown & Brown financial statements, every quarter

The same tables from 12 filings, lined up. Matched by XBRL tag: renamed lines keep their history.

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How these numbers work
  • Every number comes from the company's XBRL financial data filed with the SEC, and each one links to its filing.
  • Lines are matched by XBRL tag, so a line renamed between filings keeps its history.
  • * marks a quarter worked out from the filing totals: the 10-K year minus the first three quarters, or a year-to-date total minus the earlier one. Fourth-quarter earnings per share is fourth-quarter net income over the fourth-quarter weighted shares.
  • 0 means a filing states zero; a dash (—) means no filing states that number.
  • “year only” means the 10-K gives the full year but not the quarters needed to work out the fourth. A worked-out quarter of revenue, cost of revenue or operating cash flow more than twice the company's largest quarter of the two years before is shown this way too.
  • Gross profit is shown as the company reports it; a worked-out quarter must equal revenue less cost of revenue for that quarter, or it is a dash.
  • Operating income can be above gross profit when the company books other operating income between the two, shown on its own line.
  • Shares outstanding come from each filing's cover page, as of the date printed there.
  • Quarters are fiscal: Q2 FY27 is the second quarter of the company's fiscal 2027.

Income statement

CSV

Fiscal quarters (BRO's year ends in late December)

In millions of dollarsDec 31, 2023Mar 31, 2024Jun 30, 2024Sep 30, 2024Dec 31, 2024Mar 31, 2025Jun 30, 2025Sep 30, 2025Dec 31, 2025Mar 31, 2026Jun 30, 2026Sep 30, 2026
Revenue1,026*1,2581,1781,1861,183*1,4041,2851,6061,607*1,9011,6761,725
Total operating expenses671*894832869————————
Interest expense48*48495046*4651100100*99100100
Income tax expense (benefit)86*71877864*93778253*1069479
Net income (loss)269*293257234210*331231227264*426288240
Earnings per share, basic USD per share0.96*1.030.900.820.74*1.160.790.680.79*1.270.860.73
Earnings per share, diluted USD per share0.95*1.020.900.810.73*1.150.780.68—1.060.840.67
Weighted average shares, basic millions of shares280*281282282283*283292331333*331329325
Weighted average shares, diluted millions of shares282*283283284286*285293332341*337334330

Balance sheet

CSV

Fiscal quarters (BRO's year ends in late December)

In millions of dollarsDec 31, 2023Mar 31, 2024Jun 30, 2024Sep 30, 2024Dec 31, 2024Mar 31, 2025Jun 30, 2025Sep 30, 2025Dec 31, 2025Mar 31, 2026Jun 30, 2026Sep 30, 2026
Cash and cash equivalents7005811,1079576756698,8931,1901,0791,0039181,099
Short-term investments111091110———————
Marketable securities11———————————
Total current assets5,1305,0056,0897,4796,9245,91714,4438,1438,6148,4558,6928,261
Property and equipment, net270272290309319327334366367370368389
Right-of-use asset199197192192200197198269269263274304
Goodwill7,3417,3867,4317,5777,9708,1118,36514,89115,08715,07615,14615,188
Total assets14,88314,80615,94417,52517,61216,76025,63629,35429,99129,70029,88729,448
Accounts payable459322313329373481382849990873807709
Accrued liabilities608421500597653463530840875695683844
Current portion of long-term debt5698757252252257575757191,238413413
Total current liabilities4,9574,8805,3916,5256,3144,9305,2576,8908,2948,3167,7137,232
Long-term debt3,2273,0093,3913,3673,5993,7317,4707,6536,8946,5847,3467,346
Lease liability, non-current179178180181189186186243243238248279
Retained earnings5,2895,5445,7645,9616,1286,4166,6046,7816,9897,3587,5907,774
Total stockholders' equity5,579———————————
Total liabilities and equity14,88314,80615,94417,52517,61216,76025,63629,35429,99129,70029,88729,448
Common shares outstanding (cover page) millions of shares286285285286286287330341340339335332

Cash flows

CSV

Fiscal quarters (BRO's year ends in late December)

In millions of dollarsDec 31, 2023Mar 31, 2024Jun 30, 2024Sep 30, 2024Dec 31, 2024Mar 31, 2025Jun 30, 2025Sep 30, 2025Dec 31, 2025Mar 31, 2026Jun 30, 2026Sep 30, 2026
Net income (loss)269*293257234210*331231227264*426288240
Stock-based compensation22*2923*25*24*2923*24*17*2623*23*
Net cash from operating activities305*13360*440*361*213325*468*444*262346*532*
Purchases of property and equipment31*1326*23*20*1715*16*20*2117*39*
Net cash from investing activities(394)*(88)11*(42)*(779)*(79)(108)*(7,514)*(213)*(38)(33)*(54)*
Proceeds from issuing common stockyear only———year only——0*0*——0*
Share repurchases0*———year only00*0*100*250250*250*
Dividends paid37*3837*36*43*4343*51*56*5755*57*
Proceeds from long-term debtyear only——0*0*——0*0*——0*
Repayments of long-term debt13*13162*525*19*16919*18*19*1912*3*
Net cash from financing activities88*(67)442*(716)*277*(218)8,199*(130)*(138)*(354)(172)*(463)*
Net change in cash32*(153)824*(273)*(199)*(62)8,479*(7,195)*91*(157)141*13*

Compare with peers

SIC 6411 and related industry codes, similar size. Each row is the latest quarter reported.

How peers are chosen
  • SIC 6411 and related industry codes with public float (or, where float is missing, quarterly revenue) between 0.2x and 5x the company's.
  • Each row is the latest quarter the company has reported, named in the Quarter column; when that filing is a 10-K, it is the fourth quarter, never the full year.
  • Runway shows only for companies burning cash with under $10B of public float.
  • * marks a quarter worked out from the filing totals: for a 10-Q, the year-to-date total less the earlier one.
CompanyCash ($M)Revenue, quarter ($M)Operating cash flow, quarter ($M)Shares outstandingRunwayQuarter
Brown & Brown1,0991,725532*331.7M— 10-QSep 30, 2026
Willis Towers Watson1,9462,404739*92.2M— 10-QSep 30, 2026
Equitable Holdings17,1831,658643*273.0M— 10-QJun 30, 2026
Arthur J. Gallagher1,3864,00310*256.3M— 10-QJun 30, 2026
Aon2,0174,1011,191*212.2M— 10-QSep 30, 2026
Marsh & McLennan Companies1,8426,8631,478*475.5M— 10-QSep 30, 2026
Erie Indemnity3631,070213*not reported— 10-QSep 30, 2026
Ryan Specialty Holdings169775181*not reported— 10-QSep 30, 2026
Accelerant Holdings1,573357(69)*not reported22.9 quarters 10-QJun 30, 2026

Not investment advice. Not affiliated with the U.S. SEC.