Brown & Brown Financial Statements
NYSE: BROFinanceSpecialty InsurersUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
Brown & Brown revenue and earnings
In fiscal 2025, Brown & Brown generated $5.90 billion in revenue, up 22.8% from fiscal 2024, its 16th consecutive year of revenue growth. Net income was $1.05 billion (+6.1% year over year), for a net margin of 17.9% versus a median of 19.2% in the prior 5 years. Diluted earnings per share came in at $3.16, down from $3.46.
Over the last 5 fiscal years, BRO's revenue has grown at a 17.7% compound annual rate.
Summary generated from market data by MetaCap's automated system. Methodology
Brown & Brown income statement (annual)
| Fiscal year (USD) | FY 20252025-12-31 | FY 20242024-12-31 | FY 20232023-12-31 | FY 20222022-12-31 | FY 20212021-12-31 | FY 20202020-12-31 | FY 20192019-12-31 | FY 20182018-12-31 | FY 20172017-12-31 | FY 20162016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 5.90B | 4.80B | 4.26B | 3.57B | 3.05B | 2.61B | 2.39B | 2.01B | 1.88B | 1.77B |
| Revenue growth (YoY) | +22.83% | +12.87% | +19.14% | +17.09% | +16.76% | +9.25% | +18.76% | +7.06% | +6.49% | +6.39% |
| Operating Expenses | — | — | 3.11B | 2.70B | 2.29B | 1.99B | 1.87B | 1.55B | 1.43B | 1.34B |
| Interest Expense | 297.00M | 193.00M | 190.00M | 141.20M | 65.00M | 59.00M | 63.66M | 40.58M | 38.32M | 39.48M |
| Pretax Income | 1.37B | 1.30B | 1.15B | 876.00M | 762.80M | 624.10M | 525.93M | 462.46M | 449.72M | 423.50M |
| Income Tax | 304.00M | 301.00M | 275.00M | 204.00M | 175.70M | 143.60M | 127.42M | 118.21M | 50.09M | 166.01M |
| Net Income | 1.05B | 993.00M | 871.00M | 672.00M | 587.10M | 480.50M | 398.51M | 344.25M | 399.63M | 257.49M |
| Net Income growth (YoY) | +6.14% | +14.01% | +29.61% | +14.46% | +22.19% | +20.57% | +15.76% | -13.86% | +55.20% | +5.82% |
| EPS (Basic) | 3.37 | 3.48 | 3.07 | 2.38 | 2.08 | 1.70 | 1.42 | 1.24 | 1.43 | 0.92 |
| EPS (Diluted) | 3.16 | 3.46 | 3.05 | 2.37 | 2.07 | 1.69 | 1.40 | 1.22 | 1.40 | 0.91 |
| Shares Outstanding (Basic) | 310.00M | 282.00M | 280.00M | 278.00M | 276.00M | 274.30M | 272.47K | 270.97M | 272.58M | 272.28M |
| Shares Outstanding (Diluted) | 313.00M | 284.00M | 281.00M | 279.00M | 277.40M | 275.80M | 274.62K | 275.52M | 277.59M | 275.61M |
| Net Margin | 17.86% | 20.67% | 20.46% | 18.81% | 19.24% | 18.39% | 16.66% | 17.09% | 21.24% | 14.58% |
This table shows 10 annual periods of Brown & Brown's income statement, from FY 2025 back to FY 2016, across 11 line items including revenue, operating expenses, interest expense. Values in USD; B = billions, M = millions. Fiscal periods follow BRO's reporting calendar. What is a income statement?