Filing Flows › Brown & Brown (BRO) › Q1 FY26
Brown & Brown (BRO) Q1 FY26 earnings results (first quarter fiscal 2026)
10-Q filed Apr 28, 2025
Brown & Brown (BRO) reported revenue of $1.4B for the first quarter fiscal 2026 (Q1 FY26), +12% from a year earlier and +19% from the quarter before. Operating margin was 30.4%, net earnings $331M (23.6% of revenue).
Brown & Brown, Q1 FY26: revenue $1.4B (+12% year over year), operating margin 30.4%, net earnings $331M, operating cash flow $213M. The chart follows the revenue to costs, profit and cash.
| Q1 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.4B | +19% | +12% |
| Operating profit | $427M | +55% | +17% |
| Net earnings | $331M | +58% | +13% |
| Operating cash flow | $213M | -41% | 16× |
| Free cash flow | $196M | -43% | — |
What changed
Revenue was $1.4B in Q1 FY26, up 12% year over year and up 19% from the previous quarter.
Operating profit was $0.43B, a 30.4% margin (up 1.5 points year over year). Of the extra revenue versus a year earlier, 43% reached operating profit, above the 29% margin then. Total costs grew 9% against revenue growth of 12%. Net earnings were $0.33B, up 13% year over year. The effective tax rate was 21.8%.
Operating cash flow was $0.21B (up 1538% year over year), 64% of net earnings. Non-cash charges added back $0.01B of depreciation and $0.03B of share-based compensation. Working capital and other items used $0.16B. Capital expenditures of $0.02B left free cash flow of $0.20B.
Questions
What was Brown & Brown's revenue in the first quarter fiscal 2026?
Brown & Brown (BRO) reported revenue of $1.4B for the first quarter fiscal 2026 (Q1 FY26), +12% from a year earlier and +19% from the quarter before.
Was Brown & Brown profitable in the first quarter fiscal 2026?
Operating profit was $427M (30.4% of revenue) and net earnings $331M.
Source: Brown & Brown 10-Q on SEC EDGAR.