Brown & Brown Posts $426M Net Income on $1.9B Revenue in Q1 FY2026
Brown & Brown, Inc., an insurance brokerage firm, reported net income of $426 million for the quarter ending March 31, 2026, up 29% from $331 million in the prior-year period. Revenue climbed 35% to $1.90 billion.
Brown & Brown, Inc. (NYSE: BRO), an insurance brokerage and services firm, reported net income of $426 million for the quarter ending March 31, 2026, up 29% from $331 million in the same period a year earlier. Revenue rose 35% to $1.90 billion from $1.40 billion in the first quarter of fiscal 2025. Read more earnings reports.
Diluted earnings per share came in at $1.06, compared with $1.15 a year ago, reflecting a higher share count. Basic earnings per share increased to $1.27 from $1.16. The weighted average diluted share count rose to 337 million shares from 285 million shares in the prior-year quarter.
Operating cash flow strengthened to $262 million for the three months ending March 31, 2026, up from $213 million in the same period of 2025. Cash used in investing activities declined to $38 million from $79 million, while cash used in financing activities increased to $354 million from $218 million.
The company held $1.00 billion in cash and cash equivalents as of March 31, 2026, down from $1.08 billion at December 31, 2025. Total assets stood at $29.70 billion as of the end of the quarter, compared with $29.99 billion at the close of 2025.
Long-term debt decreased to $6.58 billion as of March 31, 2026, from $6.89 billion at year-end 2025. Current liabilities rose slightly to $8.32 billion from $8.29 billion over the same period.
Retained earnings climbed to $7.36 billion as of March 31, 2026, from $6.99 billion at December 31, 2025. Treasury stock increased to $1.10 billion from $848 million, reflecting share repurchase activity during the quarter.
Goodwill totaled $15.08 billion as of March 31, 2026, compared with $15.09 billion at the end of the prior fiscal year. Intangible assets stood at $4.78 billion as of the quarter's close.
Financial Highlights
| Metric | Q1 FY2026 | Q1 FY2025 |
|---|---|---|
| Total Revenue | $1.90 billion | $1.40 billion |
| Net Income | $426 million | $331 million |
| Diluted EPS | $1.06 | $1.15 |
| Operating Cash Flow | $262 million | $213 million |
| Cash & Cash Equivalents | $1.00 billion | $669 million |
Income tax expense for the quarter ending March 31, 2026, totaled $106 million, compared with $93 million in the prior-year period. Depreciation and amortization expense increased to $83 million from $63 million year-over-year.
Common shares outstanding totaled 335 million as of March 31, 2026, down slightly from 336 million at December 31, 2025. Common stock value remained unchanged at $36 million at both period ends.