Filing Flows › Brown & Brown (BRO) › Q3 FY26
Brown & Brown (BRO) Q3 FY26 earnings results (third quarter fiscal 2026)
10-Q filed Oct 28, 2025
Brown & Brown (BRO) reported revenue of $1.6B for the third quarter fiscal 2026 (Q3 FY26), +35% from a year earlier and +25% from the quarter before. Operating margin was 19.4%, net earnings $227M (14.1% of revenue).
Brown & Brown, Q3 FY26: revenue $1.6B (+35% year over year), operating margin 19.4%, net earnings $227M, operating cash flow $468M. The chart follows the revenue to costs, profit and cash.
| Q3 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.6B | +25% | +35% |
| Operating profit | $311M | 0% | -2% |
| Net earnings | $227M | -2% | -3% |
| Operating cash flow | $468M | +44% | +6% |
| Free cash flow | $452M | +46% | +8% |
What changed
Revenue was $1.6B in Q3 FY26, up 35% year over year and up 25% from the previous quarter.
Operating profit was $0.31B, a 19.4% margin (down 7.4 points year over year). Operating profit fell $0.01B even though revenue rose $0.42B versus a year earlier, so costs grew faster than sales. Total costs grew 49% against revenue growth of 35%. Net earnings were $0.23B, down 3% year over year. The effective tax rate was 26.4%.
Operating cash flow was $0.47B (up 6% year over year), 204% of net earnings. Non-cash charges added back $0.01B of depreciation and $0.02B of share-based compensation. Working capital and other items added $0.20B. Capital expenditures of $0.02B left free cash flow of $0.45B.
Questions
What was Brown & Brown's revenue in the third quarter fiscal 2026?
Brown & Brown (BRO) reported revenue of $1.6B for the third quarter fiscal 2026 (Q3 FY26), +35% from a year earlier and +25% from the quarter before.
Was Brown & Brown profitable in the third quarter fiscal 2026?
Operating profit was $311M (19.4% of revenue) and net earnings $227M.
Source: Brown & Brown 10-Q on SEC EDGAR.