Filing Flows › Brown & Brown (BRO) › Q2 FY27 › vs Q1 FY27
Brown & Brown (BRO) Q2 FY27 vs Q1 FY27 (quarter over quarter)
Brown & Brown's revenue fell $225M (-12%) from $1.9B in Q1 FY27 to $1.7B in Q2 FY27. Operating margin 22.9% against 28.0% (-5.2 pts).
Brown & Brown, Q2 FY27: revenue $1.7B (+30% year over year), operating margin 22.9%, net earnings $288M, operating cash flow $346M. The chart draws each line against Q1 FY27, the increases inside each band.
Margins
| Q2 FY27 | Q1 FY27 | Change | |
|---|---|---|---|
| Operating margin | 22.9% | 28.0% | -5.2 pts |
| Net margin | 17.2% | 22.4% | -5.2 pts |
| Free cash flow margin | 19.6% | 12.7% | +7.0 pts |
Every line
| Line | Q2 FY27 | Q1 FY27 | Change | % |
|---|---|---|---|---|
| Revenue | $1.7B | $1.9B | −$225M | -12% |
| Operating profit | $383M | $533M | −$150M | -28% |
| Costs & expenses | $1.3B | $1.4B | −$75.0M | -5% |
| Pre-tax earnings | $383M | $533M | −$150M | -28% |
| Net earnings | $288M | $426M | −$138M | -32% |
| Minority interests | $1.0M | $1.0M | $0 | 0% |
| Income tax | $94.0M | $106M | −$12.0M | -11% |
| Depreciation | $18.0M | $17.0M | $1.0M | +6% |
| Share-based compensation | $23.0M | $26.0M | −$3.0M | -12% |
| Working capital & other | $17.0M | −$207M | $224M | — |
| Operating cash flow | $346M | $262M | $84.0M | +32% |
| Free cash flow (OCF − capex) | $329M | $241M | $88.0M | +37% |
| Capital expenditures | $17.0M | $21.0M | −$4.0M | -19% |
Questions
How much did Brown & Brown's revenue grow quarter over quarter in Q2 FY27?
Brown & Brown's revenue fell $225M (-12%) from $1.9B in Q1 FY27 to $1.7B in Q2 FY27. Operating margin 22.9% against 28.0% (-5.2 pts).