Companies /Financial Services
Brown & Brown Inc
NYSE: BRO Insurance Brokers
$61.73
▲ $0.76 (+1.25%) today
Markets closed · 5:39pm ET

Brown & Brown (BRO) Q2 2025 Earnings

Reported Jul 28, 2025, 5:03pm ET · SEC source
$1.03
Beat +4.53%
EPS · est. $0.99
$1.3B
Beat +0.49%
Revenue · est. $1.3B
+2.5%
Beating market
BRO vs S&P since report
4 quarters
Consecutive EPS beats

How Did BRO Stock React to Q2 2025 Earnings?

% change · around the report
−8%−4%0Jul 28Jul 29report 5:03pm ETearnings−0.3%−10.8%
−8%−4%0Jul 28Jul 29earnings−0.3%−10.8%
BRO −10.8%S&P 500 −0.3%
−8%−4%0Jul 28Jul 29report 5:03pm ETearnings−0.2%−10.8%
−8%−4%0Jul 28Jul 29earnings−0.2%−10.8%
BRO −10.8%NASDAQ −0.2%
−8%−4%0+4%Jul 28Aug 5report 5:03pm ETearnings−1.4%−8.3%
−8%−4%0+4%Jul 28Aug 5earnings−1.4%−8.3%
BRO −8.3%S&P 500 −1.4%
−8%−4%0+4%Jul 28Aug 5report 5:03pm ETearnings−1.7%−8.3%
−8%−4%0+4%Jul 28Aug 5earnings−1.7%−8.3%
BRO −8.3%NASDAQ −1.7%
−10.40%
Day of report
+1.12%
Next session
−0.26%
One week
+4.69%
30 days

S&P 500 over the same 30 days: +2.15%.

Did BRO Beat Earnings? Q2 2025 Results

Yes. Brown & Brown reported Q2 2025 earnings of $1.03 a share on Jul 28, 2025, beating the $0.99 consensus estimate by 4.5%. Revenue was $1.3B against a $1.3B estimate.

Brown & Brown delivered a solid second-quarter beat on both top and bottom lines, with adjusted diluted EPS of $1.03 clearing the $0.99 consensus estimate by 4.53% and revenue of $1.28 billion edging past expectations by 0.49% while climbing 11.3% year over year. The standout driver behind the quarter was the company's pending acquisition of RSC Topco, Inc., which simultaneously pressured GAAP results and underscored the scale of Brown & Brown's strategic ambitions; $37 million in acquisition and integration costs pushed GAAP diluted EPS down 13.3% to $0.78, yet adjusted EBITDAC expanded 12.1% to $471 million, with the adjusted margin widening to 36.7% from 35.7%, signaling healthy underlying operations. The deal has since closed, adding more than 5,000 staff and pushing total headcount past 23,000 employees. CEO J. Powell Brown cited good momentum heading into the second half of the year, with organic revenue growth of 3.6% and a first-half adjusted diluted EPS increase of 12.1% to $2.32 supporting that confidence.

Key Takeaways
  • Organic Revenue growth of 3.6% in Q2 2025
  • Commissions and fees increased 8.2% year-over-year
  • EBITDAC Margin - Adjusted expanded to 36.7% from 35.7%
  • EBITDAC - Adjusted increased 12.1% to $471 million
  • Approximately $13 million of interest income earned from proceeds of stock offering and senior notes held for pending Accession acquisition

“We are pleased with the earnings for the quarter and have good momentum as we head into the second half of the year.”

Brown & Brown CEO, on the earnings call

What Was Brown & Brown's Outlook in Q2 2025?

CEO J. Powell Brown indicated good momentum heading into the second half of the year. The company is preparing for the closing of its pending acquisition of RSC Topco, Inc. (Accession), having completed a follow-on common stock offering and senior notes issuance in June 2025 to fund the transaction.

BRO YoY Financials

Q2 2025 vs Q2 2024 · SEC filings Q2 2024 Q2 2025
$0$400.0M$800.0M$1.2B$1.2B$1.3BRevenue$341.0M$311.0MOperating Income$257.0M$231.0MNet Income
$0$400.0M$800.0M$1.2BRevenueOperating IncomeNet Income
BRO income statement, Q2 2025 versus Q2 2024
Metric Q2 2025 Q2 2024 Year over year
Revenue $1.3B $1.2B +11.4%
Operating Income $311.0M $341.0M −8.8%
Net Income $231.0M $257.0M −10.1%

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