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Brown & Brown (BRO)
NYSE:BRO
Earnings Data
Report Date
Apr 27, 2026After Close (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
1.37Last Year’s EPS
1.29Same Quarter Last Year
Based on 13 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call emphasized strong overall financial performance (23% full-year revenue growth, improved margins, >$1.45B cash from operations, record M&A) and constructive long-term positioning (raised margin targets, integration synergies). Headwinds were largely tied to acquisition phasing (Accession below quarterly guidance), quarter-to-quarter organic softness driven by prior-year flood revenue recognition, moderation in CAT/E&S pricing, contingent commission variability, and a notable recruiting event where a start-up took ~275 teammates and $23M of client revenue. Management provided guidance on margin pressure from lower investment income and potential near-term impacts but highlighted robust cash generation, disciplined capital deployment and confidence in integration and organic improvement in 2026.Company Guidance
Strong Top-Line Growth
Total revenues for FY2025 were $5.9 billion, up 23% year-over-year; fourth-quarter revenues were $1.607 billion, up 35.7% year-over-year.
Improved Profitability and EPS
Full-year adjusted EBITDAC margin was ~36%, up 70 basis points; adjusted diluted net income per share grew >10% to $4.26 for the year. Fourth-quarter adjusted EPS grew 8.1% to $0.93.
Very Strong Cash Generation
Generated $1.450 billion of cash from operations in FY2025, an increase of 23.5% year-over-year; cash-flow-to-revenue ratio improved to 24.6%.
Record M&A Activity and Accession Integration
Completed 43 acquisitions in FY2025 adding ~ $1.8 billion of annual revenue, including the largest acquisition (Accession). Accession added ~405 million revenue in Q4 and the company welcomed over 5,000 teammates from Accession (over 6,000 total new teammates added in the year).
Contingent Commissions Boost
Contingent commissions represented over $250 million of revenue in 2025 and grew by $37 million in Q4 (with $21 million coming from Accession), materially supporting margins and cash flow.
Capital Allocation Actions
Paid down $100 million on the revolving credit facility and repurchased $100 million of common stock in Q4; dividends per share increased 10% versus Q4 2024.
Margin Target Raised
Company increased long-term adjusted EBITDAC margin target range from 30%–35% to 32%–37%, reflecting expected synergies, increased contingents and business mix changes.
Integration Synergies and Timeline
Integration progress for Accession described as positive; expecting EBITDA synergies of ~$30–40 million in 2026 and integration completion targeted by end of 2028.
BRO Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
BRO Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Jan 26, 2026 | $79.62 | $74.12 | -6.91% |
Oct 27, 2025 | $87.58 | $82.21 | -6.13% |
Jul 28, 2025 | $102.20 | $91.57 | -10.40% |
Apr 28, 2025 | $114.30 | $107.45 | -6.00% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Brown & Brown (BRO) report earnings?
Brown & Brown (BRO) is schdueled to report earning on Apr 27, 2026, After Close (Confirmed).
What is Brown & Brown (BRO) earnings time?
Brown & Brown (BRO) earnings time is at Apr 27, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is BRO EPS forecast?
BRO EPS forecast for the fiscal quarter 2026 (Q1) is 1.37.
