Filing Flows › Brown & Brown (BRO) › Q4 FY26
Brown & Brown (BRO) Q4 FY26 earnings results (fourth quarter fiscal 2026)
10-K filed Feb 12, 2026
Brown & Brown (BRO) reported revenue of $1.6B for the fourth quarter fiscal 2026 (Q4 FY26), +36% from a year earlier and +0.1% from the quarter before. Operating margin was 20.0%, net earnings $264M (16.4% of revenue).
Brown & Brown, Q4 FY26: revenue $1.6B (+36% year over year), operating margin 20.0%, net earnings $264M, operating cash flow $444M. The chart follows the revenue to costs, profit and cash.
| Q4 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.6B | +0.1% | +36% |
| Operating profit | $321M | +3% | +17% |
| Net earnings | $264M | +16% | +26% |
| Operating cash flow | $444M | -5% | +23% |
| Free cash flow | $424M | -6% | +24% |
What changed
Revenue was $1.6B in Q4 FY26, up 36% year over year and roughly flat from the previous quarter.
Operating profit was $0.32B, a 20.0% margin (down 3.3 points year over year). Of the extra revenue versus a year earlier, 11% reached operating profit, below the 23% margin then. Total costs grew 42% against revenue growth of 36%. Net earnings were $0.26B, up 26% year over year. The effective tax rate was 16.5%.
Operating cash flow was $0.44B (up 23% year over year), 166% of net earnings. Non-cash charges added back $0.02B of depreciation and $0.02B of share-based compensation. Working capital and other items added $0.14B. Capital expenditures of $0.02B left free cash flow of $0.42B.
Questions
What was Brown & Brown's revenue in the fourth quarter fiscal 2026?
Brown & Brown (BRO) reported revenue of $1.6B for the fourth quarter fiscal 2026 (Q4 FY26), +36% from a year earlier and +0.1% from the quarter before.
Was Brown & Brown profitable in the fourth quarter fiscal 2026?
Operating profit was $321M (20.0% of revenue) and net earnings $264M.
Source: Brown & Brown 10-K on SEC EDGAR.