Brown & Brown Inc.
Income Statement
| Line Item | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|---|
| Revenue | — | $5.90B | $4.81B | $4.26B | $3.57B | $3.05B | $2.61B | $2.39B |
| Core Commissions and Fees | — | — | — | $4.09B | $3.44B | $2.93B | $2.51B | $2.30B |
| Profit-Sharing Commissions | — | — | — | $115.8M | $103.9M | $93.0M | $82.7M | $74.5M |
| Investment Income | — | — | — | $31.9M | $4.1M | $1.9M | $3.8M | $6.1M |
| Other Income | — | — | — | $20.4M | $25.9M | $23.8M | $20.1M | $16.3M |
| Cost of Revenue | — | — | — | — | — | — | — | — |
| Gross Profit | — | — | — | — | — | — | — | — |
| Gross Margin | — | — | — | — | — | — | — | — |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | — | — | — | — | — | — | — | — |
| Operating Income | — | $1.37B | $1.30B | $1.34B | $1.02B | $827.8M | $683.1M | $589.6M |
| Operating Margin | — | 23.2% | 27.1% | 31.4% | 28.5% | 27.1% | 26.1% | 24.6% |
| Interest Expense | — | — | — | $190.0M | $141.2M | $65.0M | $59.0M | $63.7M |
| Pretax Income | — | $1.37B | $1.30B | $1.15B | $876.0M | $762.8M | $624.1M | $525.9M |
| Income Tax Expense | — | $304.0M | $301.0M | $275.0M | $204.0M | $175.7M | $143.6M | $127.4M |
| Net Income | — | $1.05B | $993.0M | $871.0M | $672.0M | $587.1M | $480.5M | $398.5M |
| Net Margin | — | 17.9% | 20.7% | 20.5% | 18.8% | 19.2% | 18.4% | 16.7% |
| EPS (Basic) | — | $3.37 | $3.48 | $3.07 | $2.38 | $2.08 | $1.70 | $1.42 |
| EPS (Diluted) | — | $3.16 | $3.46 | $3.05 | $2.37 | $2.07 | $1.69 | $1.40 |
| Shares Outstanding (Basic) | 340.4M | 310.0M | 282.0M | 280.0M | 278.0M | 276.0M | 274.3M | 272.5M |
| Shares Outstanding (Diluted) | 340.4M | 313.0M | 284.0M | 281.0M | 279.0M | 277.4M | 275.8M | 274.6M |
| Dividends Per Share | — | $0.62 | $0.54 | $0.48 | $0.42 | $0.38 | $0.35 | $0.33 |