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Brown & Brown (BRO)

NYSE Financials Insurance Brokers S&P 500
$72.12
-2.26 (-3.04%)
Close of Nov 06, 2026 · end-of-day data
Source: Brown & Brown's 10-K / 10-Q XBRL data on SEC EDGAR · fetched Nov 03, 2026

Revenue, net income & free cash flow

Income statement

fiscal years · USD
Fiscal yearFY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue$1.77B$1.88B$2.01B$2.39B$2.61B$3.05B$3.57B$4.26B$4.80B$5.90B
Interest expense$39.48M$38.32M$40.58M$63.66M$59.00M$65.00M$141.20M$190.00M$193.00M$297.00M
Pre-tax income$423.50M$449.72M$462.46M$525.93M$624.10M$762.80M$876.00M$1.15B$1.30B$1.37B
Income tax$166.01M$50.09M$118.21M$127.42M$143.60M$175.70M$204.00M$275.00M$301.00M$304.00M
Net income$257.49M$399.63M$344.25M$398.51M$480.50M$587.10M$672.00M$871.00M$993.00M$1.05B
EPS (basic)$0.92$1.43$1.24$1.42$1.70$2.08$2.38$3.07$3.48$3.37
EPS (diluted)$0.91$1.40$1.22$1.40$1.69$2.07$2.37$3.05$3.46$3.16
Diluted shares275.61M277.59M275.52M274.62K275.80M277.40M279.00M281.00M284.00M313.00M
Net margin14.6%21.2%17.1%16.7%18.4%19.2%18.8%20.5%20.7%17.9%

Balance sheet

fiscal years · USD
Fiscal yearFY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash & equivalents$515.65M$573.38M$438.96M$542.17M$656.20M$693.20M$650.00M$700.00M$675.00M$1.08B
Short-term investments$15.05M$24.96M$12.87M$12.32M$18.33M$12.90M$12.00M$11.00M$10.00M—
Total current assets$1.74B$2.24B$2.17B$2.49B$2.96B$3.33B$5.00B$5.13B$6.92B$8.61B
Goodwill$2.68B$2.72B$3.43B$3.75B$4.40B$4.74B$6.67B$7.34B$7.97B$15.09B
Total assets$5.26B$5.75B$6.69B$7.62B$8.97B$9.80B$13.97B$14.88B$17.61B$29.99B
Total current liabilities$1.45B$1.99B$1.78B$2.05B$2.35B$2.67B$4.60B$4.96B$6.31B$8.29B
Short-term debt$55.50M$120.00M$50.00M$55.00M$70.00M$42.50M$250.60M$569.00M$225.00M$719.00M
Long-term debt$1.02B$856.14M$1.46B$1.50B$2.03B$1.98B$3.69B$3.23B$3.60B$6.89B
Total debt$1.07B$976.14M$1.51B$1.56B$2.10B$2.02B$3.94B$3.80B$3.82B$7.61B
Total liabilities$2.90B$3.16B$3.69B$4.27B$5.21B$5.60B$9.37B$9.30B$11.18B$17.42B
Shareholders' equity$2.36B$2.58B$3.00B$3.35B$3.75B$4.20B$4.61B$5.58B$6.44B$12.57B

Cash flow

fiscal years · USD
Fiscal yearFY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow$411.04M$441.98M$567.53M$678.18M$713.00M$808.80M$881.00M$1.01B$1.17B$1.45B
Capital expenditures$17.77M$24.19M$41.52M$73.11M$70.70M$45.00M$52.00M$69.00M$82.00M$68.00M
Free cash flow$393.28M$417.78M$526.01M$605.07M$642.30M$763.80M$829.00M$941.00M$1.09B$1.38B
Investing cash flow-$142.41M-$62.59M-$951.77M-$413.58M-$759.10M-$396.80M-$1.91B-$587.00M-$898.00M-$7.91B
Financing cash flow-$160.52M-$336.58M$337.75M-$79.22M$355.00M-$210.10M$1.73B-$187.00M-$64.00M$7.71B
Dividends paid$70.26M$77.71M$84.69M$91.34M$100.60M$107.20M$120.00M$135.00M$154.00M$193.00M
Share buybacks$18.91M$128.64M$91.25M$58.67M$55.10M$82.60M$74.00M$0$0$100.00M
Stock-based compensation$16.05M$30.63M$33.52M$46.99M$59.70M$61.00M$66.00M$89.00M$101.00M$93.00M
Depreciation & amortization$21.00M$22.70M$22.83M$23.42M$26.30M$33.30M$39.00M$40.00M$44.00M$55.00M

Quarterly figures are rebuilt from the year-to-date totals companies report — Q4 is the full year minus the first nine months, since no 10-Q is filed for it. Values are as filed; later restatements replace earlier ones. Fiscal years are labelled by the calendar year in which they end.