Financials · Insurance Brokers
Brown & Brown: revenue, profit and dividends
In fiscal 2025, Brown & Brown had revenue of $5.9B, up 13.5% a year on average since 2015, and net income of $1.05B (17.9% of revenue). Its dividend per share has gone up 10 years in a row, to $0.62. It has 12% more shares than in 2015.
Revenue, fiscal 2025
average annual revenue growth since 2015 · +22.8% vs 2024
- Ticker
- BRO · NYSE
- Sector
- Financials
- Sub-industry
- Insurance Brokers
- Headquarters
- Daytona Beach, Florida
- Founded
- 1939
- In the S&P 500 since
- September 20, 2021
- Latest fiscal year
- 2025, ended December 31, 2025
- SEC filer
- Brown & Brown, Inc. · CIK 0000079282
Revenue and net income
Revenue went from $978M in 2008 to $5.9B in 2025.
Diluted earnings per share
Diluted EPS went from $0.58 in 2008 to $3.16 in 2025. Ten-year growth: 14.0% a year.
Dividends per share
Raised 10 years in a row, every year from 2016 to 2025. Ten-year growth: 77.0% a year.
Shares outstanding
11.7% more shares in 2025 than in 2015 (280M → 313M): new shares outweighed buybacks.
Operating cash flow, capex and free cash flow
Free cash flow (operating cash flow minus capital expenditure) was $1.38B in 2025, 23.4% of revenue.
The chart data could not be loaded. The table below has the same figures.
Year by year
| Fiscal year | Revenue | Net income | Net margin | Diluted EPS | Dividend | Shares | Operating cash flow | Capex | Free cash flow |
|---|---|---|---|---|---|---|---|---|---|
| 2025 | $5.9B | $1.05B | 17.9% | $3.16 | $0.62 | 313M | $1.45B | $68M | $1.38B |
| 2024 | $4.8B | $993M | 20.7% | $3.46 | $0.54 | 284M | $1.17B | $82M | $1.09B |
| 2023 | $4.26B | $871M | 20.5% | $3.05 | $0.48 | 281M | $1.01B | $69M | $941M |
| 2022 | $3.57B | $672M | 18.8% | $2.37 | $0.42 | 279M | $881M | $52M | $829M |
| 2021 | $3.05B | $587M | 19.2% | $2.07 | $0.38 | 277M | $809M | $45M | $764M |
| 2020 | $2.61B | $480M | 18.4% | $1.69 | $0.35 | 276M | $713M | $70.7M | $642M |
| 2019 | $2.39B | $399M | 16.7% | $1.40 | $0.33 | 275M | $678M | $73.1M | $605M |
| 2018 | $2.01B | $344M | 17.1% | $1.22 | $0.31 | 276M | $568M | $41.5M | $526M |
| 2017 | $1.88B | $400M | 21.2% | $1.40 | $0.28 | 278M | $442M | $24.2M | $418M |
| 2016 | $1.77B | $257M | 14.6% | $0.91 | $0.00 | 276M | $411M | $17.8M | $393M |
| 2015 | $1.66B | $243M | 14.7% | $0.85 | $0.00 | 280M | $382M | $18.4M | $363M |
| 2014 | $1.58B | $207M | 13.1% | $0.70 | $0.00 | 286M | $385M | $24.9M | $360M |
| 2013 | $1.36B | $217M | 15.9% | $0.74 | $0.00 | 285M | $389M | $16.4M | $373M |
| 2012 | $1.2B | $184M | 15.3% | $0.63 | $0.17 | 284M | $220M | $24M | $196M |
| 2011 | $1.01B | $164M | 16.2% | $0.56 | $0.16 | 281M | $238M | $13.6M | $224M |
| 2010 | $973M | $162M | 16.6% | $0.56 | $0.16 | 279M | $296M | $10.5M | $286M |
| 2009 | $968M | $153M | 15.8% | $0.54 | $0.15 | 275M | $222M | $11.3M | $210M |
| 2008 | $978M | $166M | 17.0% | $0.58 | $0.14 | 274M | $342M | $14.1M | $328M |
Fiscal years, labelled by the year in which they end. US dollars; per-share figures and share counts adjusted for splits. —: not in the data.
Stock splits
Found in the filings; per-share figures and share counts on this page are on today’s share basis.
- 2-for-1 split · first reflected in a filing of May 10, 2018
About these figures
- Older years are as filed at the time and may predate later restatements, mergers or spin-offs. How the figures are made.
Other Insurance Brokers companies
Source: SEC EDGAR (company filings), data as of November 8, 2026. Sectors, sub-industries, headquarters and index dates: Wikipedia, CC BY-SA 4.0.