Filing Flows › Brown & Brown (BRO) › Q1 FY27
Brown & Brown (BRO) Q1 FY27 earnings results (first quarter fiscal 2027)
10-Q filed Apr 27, 2026
Brown & Brown (BRO) reported revenue of $1.9B for the first quarter fiscal 2027 (Q1 FY27), +35% from a year earlier and +18% from the quarter before. Operating margin was 28.0%, net earnings $426M (22.4% of revenue).
Brown & Brown, Q1 FY27: revenue $1.9B (+35% year over year), operating margin 28.0%, net earnings $426M, operating cash flow $262M. The chart follows the revenue to costs, profit and cash.
| Q1 FY27 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.9B | +18% | +35% |
| Operating profit | $533M | +66% | +25% |
| Net earnings | $426M | +61% | +29% |
| Operating cash flow | $262M | -41% | +23% |
| Free cash flow | $241M | -43% | +23% |
What changed
Revenue was $1.9B in Q1 FY27, up 35% year over year and up 18% from the previous quarter.
Operating profit was $0.53B, a 28.0% margin (down 2.4 points year over year). Of the extra revenue versus Q1 FY26, 21% reached operating profit, below the 30% margin then. Total costs grew 40% against revenue growth of 35%. Net earnings were $0.43B, up 29% year over year. The effective tax rate was 19.9%.
Operating cash flow was $0.26B (up 23% year over year), 61% of net earnings. Non-cash charges added back $0.02B of depreciation and $0.03B of share-based compensation. Working capital and other items used $0.21B. Capital expenditures of $0.02B left free cash flow of $0.24B.
Questions
What was Brown & Brown's revenue in the first quarter fiscal 2027?
Brown & Brown (BRO) reported revenue of $1.9B for the first quarter fiscal 2027 (Q1 FY27), +35% from a year earlier and +18% from the quarter before.
Was Brown & Brown profitable in the first quarter fiscal 2027?
Operating profit was $533M (28.0% of revenue) and net earnings $426M.
Source: Brown & Brown 10-Q on SEC EDGAR.