Filing Flows › Brown & Brown (BRO) › Q2 FY27
Brown & Brown (BRO) Q2 FY27 earnings results (second quarter fiscal 2027)
10-Q filed Jul 27, 2026
Brown & Brown (BRO) reported revenue of $1.7B for the second quarter fiscal 2027 (Q2 FY27), +30% from a year earlier and -12% from the quarter before. Operating margin was 22.9%, net earnings $288M (17.2% of revenue).
Brown & Brown, Q2 FY27: revenue $1.7B (+30% year over year), operating margin 22.9%, net earnings $288M, operating cash flow $346M. The chart follows the revenue to costs, profit and cash.
| Q2 FY27 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.7B | -12% | +30% |
| Operating profit | $383M | -28% | +23% |
| Net earnings | $288M | -32% | +25% |
| Operating cash flow | $346M | +32% | +6% |
| Free cash flow | $329M | +37% | +6% |
What changed
Revenue was $1.7B in Q2 FY27, up 30% year over year and down 12% from the previous quarter.
Operating profit was $0.38B, a 22.9% margin (down 1.4 points year over year). Of the extra revenue versus Q2 FY26, 18% reached operating profit, below the 24% margin then. Total costs grew 33% against revenue growth of 30%. Net earnings were $0.29B, up 25% year over year. The effective tax rate was 24.5%.
Operating cash flow was $0.35B (up 6% year over year), 120% of net earnings. Non-cash charges added back $0.02B of depreciation and $0.02B of share-based compensation. Capital expenditures of $0.02B left free cash flow of $0.33B.
Questions
What was Brown & Brown's revenue in the second quarter fiscal 2027?
Brown & Brown (BRO) reported revenue of $1.7B for the second quarter fiscal 2027 (Q2 FY27), +30% from a year earlier and -12% from the quarter before.
Was Brown & Brown profitable in the second quarter fiscal 2027?
Operating profit was $383M (22.9% of revenue) and net earnings $288M.
Source: Brown & Brown 10-Q on SEC EDGAR.