Companies
Brown & Brown Inc
NYSE: BRO
$67.55
▼ $3.53 (−4.97%) today
Markets closed · 7:39pm ET

Brown & Brown (BRO) Q3 2026 Earnings

Reported Oct 26, 2026, 5:03pm ET · SEC source
$1.07
Miss −1.37%
EPS · est. $1.08 Adjusted

Adjusted EPS excludes $0.06/share for change in estimated acquisition earn-out payables, $0.09/share for Acquisition/Integration Costs (related to Accession), and $0.25/share for amortization of intangible assets

$1.7B
Miss −1.92%
Revenue · est. $1.8B
2 quarters
Consecutive EPS misses

How Did BRO Stock React to Q3 2026 Earnings?

% change · around the report
−4%−2%0+2%Oct 26Oct 27report 5:03pm ETearnings+0.6%−3.7%
−4%−2%0+2%Oct 26Oct 27earnings+0.6%−3.7%
BRO −3.7%S&P 500 +0.6%
−4%−2%0+2%Oct 26Oct 27report 5:03pm ETearnings+1.2%−3.7%
−4%−2%0+2%Oct 26Oct 27earnings+1.2%−3.7%
BRO −3.7%NASDAQ +1.2%
−2%0+2%+4%Oct 26Oct 27report 5:03pm ETearnings+0.6%−1.4%
−2%0+2%+4%Oct 26Oct 27earnings+0.6%−1.4%
BRO −1.4%S&P 500 +0.6%
−2%0+2%+4%Oct 26Oct 27report 5:03pm ETearnings+1.2%−1.4%
−2%0+2%+4%Oct 26Oct 27earnings+1.2%−1.4%
BRO −1.4%NASDAQ +1.2%
−4.97%
Day of report

Did BRO Beat Earnings? Q3 2026 Results

No. Brown & Brown reported Q3 2026 earnings of $1.07 a share on Oct 26, 2026, missing the $1.08 consensus estimate by 1.4%. Revenue was $1.7B against a $1.8B estimate.

Brown & Brown fell short of Wall Street's expectations in Q3 2026, delivering adjusted diluted EPS of $1.07 against a consensus of $1.08 and revenue of $1.73 billion that trailed estimates by 1.92%, even as total revenues climbed 7.4% year over year. The shortfall tells a familiar integration story: the 2025 acquisition of Accession added meaningful scale, with acquisition-related commissions contributing $156.00 million to commission and fee growth, but the deal's cost structure continues to weigh on margins, with the adjusted EBITDAC margin compressing 200 basis points to 34.6% and the pre-tax margin narrowing to 18.6% from 19.4%. Organic revenue growth of just 1.2% underscored the headwinds from a softening insurance rate environment, limiting the company's ability to grow independently of deal activity. Employee compensation and benefits rose to $857.00 million while other operating expenses climbed to $307.00 million, reinforcing that Accession's full cost optimization remains a work in progress as Brown & Brown navigates a challenging pricing backdrop.

Key Takeaways
  • Organic Revenue growth of 1.2% despite challenging rate environment
  • Organic Revenue with Contingents growth of 1.5%
  • Addition of approximately 5,000 new teammates from the Accession acquisition broadened capabilities
  • Total revenue growth of 7.4% driven primarily by acquisitions
  • Acquisition-related commissions and fees of $156 million in Q3 2026

“The third quarter reflected the incredible efforts of our teammates to win more customers in spite of a challenging rate environment. Our capabilities were broadly enhanced by the addition of approximately 5,000 new teammates from Accession, just over a year ago.”

Brown & Brown CEO, on the earnings call

BRO YoY Financials

Q3 2026 vs Q3 2025 · SEC filings Q3 2025 Q3 2026
$0$500.0M$1.0B$1.5B$1.6B$1.7BRevenue$422.0M$320.0MOperating Income$227.0M$240.0MNet Income
$0$500.0M$1.0B$1.5BRevenueOperating IncomeNet Income
BRO income statement, Q3 2026 versus Q3 2025
Metric Q3 2026 Q3 2025 Year over year
Revenue $1.7B $1.6B +7.4%
Operating Income $320.0M $422.0M −24.2%
Net Income $240.0M $227.0M +5.7%

When Does Brown & Brown Report Next?

Expected report date
After the close
Release timing

Figures from SEC filings and company reports. Not investment advice.