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How Brown & Brown (BRO) makes money
Brown & Brown (BRO) made $1.7B of revenue in the third quarter fiscal 2027 (Q3 FY27), +7% from a year earlier. Of every dollar of revenue, 19¢ was left as operating profit, 14¢ was left as net earnings.
Drawing the Sankey…
Where each dollar of revenue goes
| Line | Q3 FY27 | % of revenue |
|---|---|---|
| Revenue | $1.7B | 100.0% |
| Operating profit | $320M | 18.6% |
| Income tax | $79.0M | 4.6% |
| Net earnings | $240M | 13.9% |
| Operating cash flow | $532M | 30.8% |
| Free cash flow | $493M | 28.6% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q3 FY27 | $1.7B | +7% |
| Q2 FY27 | $1.7B | +30% |
| Q1 FY27 | $1.9B | +35% |
| Q4 FY26 | $1.6B | +36% |
| Q3 FY26 | $1.6B | +35% |
| Q2 FY26 | $1.3B | +9% |
| Q1 FY26 | $1.4B | +12% |
From Brown & Brown's 10-Q filed Oct 26, 2026 (on EDGAR).
Questions
How does Brown & Brown make money?
Brown & Brown (BRO) made $1.7B of revenue in the third quarter fiscal 2027 (Q3 FY27), +7% from a year earlier. Of every dollar of revenue, 19¢ was left as operating profit, 14¢ was left as net earnings.
What is Brown & Brown's profit margin?
Net earnings were $240M, 13.9% of revenue, in the third quarter fiscal 2027; the operating margin was 18.6%.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.