Companies /Financial Services
Brown & Brown Inc
NYSE: BRO Insurance Brokers
$67.55
▼ $3.53 (−4.97%) today
Markets closed · 8:04pm ET

Brown & Brown (BRO) Q2 2026 Earnings

Reported Jul 27, 2026, 5:03pm ET · SEC source
$1.07
Miss −0.39%
EPS · est. $1.07 Adjusted
$1.7B
Miss −2.29%
Revenue · est. $1.7B
−7.2%
Trailing market
BRO vs S&P since report
2 quarters
Consecutive EPS misses

How Did BRO Stock React to Q2 2026 Earnings?

% change · around the report
0+4%+8%+12%Jul 27Jul 28report 5:03pm ETearnings+0.2%+9.9%
0+4%+8%+12%Jul 27Jul 28earnings+0.2%+9.9%
BRO +9.9%S&P 500 +0.2%
0+5%+10%Jul 27Jul 28report 5:03pm ETearnings−1.2%+9.9%
0+5%+10%Jul 27Jul 28earnings−1.2%+9.9%
BRO +9.9%NASDAQ −1.2%
0+4%+8%+12%Jul 27Aug 4report 5:03pm ETearnings+4.5%+5.9%
0+4%+8%+12%Jul 27Aug 4earnings+4.5%+5.9%
BRO +5.9%S&P 500 +4.5%
0+5%+10%Jul 27Aug 4report 5:03pm ETearnings+5.8%+5.9%
0+5%+10%Jul 27Aug 4earnings+5.8%+5.9%
BRO +5.9%NASDAQ +5.8%
+5.67%
Day of report
+1.66%
Next session
−3.37%
One week
−3.07%
30 days

S&P 500 over the same 30 days: +4.08%.

Did BRO Beat Earnings? Q2 2026 Results

No. Brown & Brown reported Q2 2026 earnings of $1.07 a share on Jul 27, 2026, missing the $1.07 consensus estimate by 0.4%. Revenue was $1.7B against a $1.7B estimate.

Brown & Brown delivered a mixed second quarter for fiscal 2026, narrowly missing expectations on both the top and bottom lines as the weight of its transformative Accession acquisition reshaped nearly every line of the income statement. Adjusted diluted EPS came in at $1.07, falling just 0.39% short of the $1.07 consensus estimate, ending a four-consecutive-quarter streak of beating EPS expectations; revenue of $1.68 billion, while up a striking 34.2% year over year, trailed the $1.72 billion estimate by 2.29%. The central story was the RSC Topco acquisition, which inflated amortization expense to $110.00 million from $50.00 million and nearly doubled interest expense to $100.00 million from $51.00 million, compressing adjusted EBITDAC margin to 35.7% from 36.7% a year ago. Organic revenue dipped 0.7%, with an additional $18.00 million litigation-related headwind excluded from the organic calculation. Despite the near-term integration pressure, CEO J. Powell Brown expressed confidence in the company's trajectory heading into the second half of 2026, and the company's consistent dividend growth profile continues to reflect underlying financial durability.

Key Takeaways
  • Acquisition of RSC Topco, Inc. (Accession) drove 30.4% total revenue growth
  • Organic Revenue with Contingents grew 0.7% while Organic Revenue declined 0.7%
  • Organic Contingents increased to $61 million from $45 million year-over-year
  • Acquisition-related commissions and fees of $393 million contributed to growth
  • Litigation-Related Impact of $18 million excluded from organic revenue calculation

“We are pleased with our financial results for the quarter and have great momentum as we head into the back half of the year.”

Brown & Brown CEO, on the earnings call

What Was Brown & Brown's Outlook in Q2 2026?

CEO J. Powell Brown expressed confidence in the company's momentum heading into the second half of 2026. The filing does not provide specific quantitative forward guidance for future quarters.

BRO YoY Financials

Q2 2026 vs Q2 2025 · SEC filings Q2 2025 Q2 2026
$0$500.0M$1.0B$1.5B$1.2B$1.7BRevenue$337.0M$383.0MOperating Income$231.0M$288.0MNet Income
$0$500.0M$1.0B$1.5BRevenueOperating IncomeNet Income
BRO income statement, Q2 2026 versus Q2 2025
Metric Q2 2026 Q2 2025 Year over year
Revenue $1.7B $1.2B +34.2%
Operating Income $383.0M $337.0M +13.7%
Net Income $288.0M $231.0M +24.7%

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