Brown & Brown, Inc. (BRO) — Financial statements
Income statement, balance sheet, and cash flow for Brown & Brown, Inc. — annual and quarterly history with growth and margin analysis.
| Metric (USD Millions) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
| Revenue & Gross Profit | ||||||
| Revenue | 5,956↑26.6% | 4,705↑12.1% | 4,199↑17.9% | 3,563↑16.9% | 3,048 | |
| Cost of Revenue | 734↓69.5% | 2,406↑10.0% | 2,187↑20.4% | 1,817↑11.0% | 1,637 | |
| Gross Profit | 5,222↑127.1% | 2,299↑14.3% | 2,012↑15.2% | 1,746↑23.8% | 1,411 | |
| Operating Expenses | ||||||
| R&D Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| General & Administrative Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Selling & Marketing Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| SG&A Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Other Expenses | 3,527↑278.4% | 932↑8.9% | 856↑9.3% | 783↑40.9% | 556 | |
| Operating Expenses | 3,527↑278.4% | 932↑8.9% | 856↑9.3% | 783↑40.9% | 556 | |
| Total Costs & Expenses | 4,261↑27.7% | 3,338↑9.7% | 3,043↑17.0% | 2,600↑18.6% | 2,193 | |
| Operating Results | ||||||
| Operating Income | 1,695↑24.0% | 1,367↑18.3% | 1,156↑20.0% | 963↑12.7% | 855 | |
| Depreciation & Amortization | 367↑65.3% | 222↑7.8% | 206↑10.8% | 186↑21.6% | 153 | |
| EBITDA | 2,035↑17.9% | 1,726↑11.4% | 1,549↑28.0% | 1,210↑23.4% | 981 | |
| EBIT | 1,668↑10.9% | 1,504↑12.0% | 1,343↑31.2% | 1,024↑23.7% | 828 | |
| Interest & Other Income | ||||||
| Net Interest Income | -158↑21.4% | -201↓2.0% | -197↓33.1% | -148↓127.7% | -65 | |
| Interest Income | 139 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Interest Expense | 297↑47.8% | 201↑2.0% | 197↑33.1% | 148↑127.7% | 65 | |
| Non-Operating Income | 27↑119.7% | -137↑26.7% | -187↓206.6% | -61↓326.8% | 27 | |
| Other Income / Expenses | -324↓406.3% | -64↓540.0% | -10↑88.5% | -87↑5.3% | -92 | |
| Income Before Tax | 1,371↑5.2% | 1,303↑13.7% | 1,146↑30.8% | 876↑14.8% | 763 | |
| Income Tax Expense | 304↑1.0% | 301↑9.2% | 276↑34.9% | 204↑16.3% | 176 | |
| Net Income & EPS | ||||||
| Net Income from Continuing Operations | 1,067↑6.5% | 1,002↑15.1% | 871↑29.6% | 672↑14.4% | 587 | |
| Net Income from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net Income | 1,054↑6.1% | 993↑14.1% | 871↑29.6% | 672↑14.4% | 587 | |
| Bottom-Line Net Income | 1,043↑5.0% | 993↑15.8% | 857↑30.1% | 659↑14.8% | 574 | |
| EPS (Basic) | 3.40↓2.3% | 3.48↑13.4% | 3.07↑29.0% | 2.38↑14.4% | 2.08 | |
| EPS (Diluted) | 3.16↓8.7% | 3.46↑13.4% | 3.05↑28.7% | 2.37↑14.5% | 2.07 | |
| Weighted Average Shares | 310↑9.9% | 282↑0.4% | 281↑1.0% | 278↑0.8% | 276 | |
| Weighted Average Diluted Shares | 313↑10.2% | 284↑1.1% | 281↑0.8% | 279↑0.4% | 277 | |
* All figures in Millions of USD, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.