Brown & Brown, Inc. Reports Q3 2026 Results with 7.4% Revenue Growth

Executive Summary

On October 26, 2026, Brown & Brown, Inc. (NYSE: BRO) filed a Form 8-K under Item 2.02 (Results of Operations and Financial Condition) announcing unaudited financial results for the third quarter and nine months ended September 30, 2026.

Third Quarter 2026 Highlights

• Revenues: Total revenues reached $1.7 billion, representing an increase of $119 million or 7.4% compared to Q3 2025.
• Organic Growth: Organic Revenue grew by 1.2%, while Organic Revenue with Contingents grew by 1.5%.
• Pre-Tax Income: Income before income taxes stood at $320 million (+2.9% YoY) with an Income Before Income Taxes Margin of 18.6% (compared to 19.4% in Q3 2025).
• Adjusted EBITDAC: Reached $597 million (+1.7% YoY) with an adjusted margin of 34.6% vs. 36.6% in Q3 2025.
• Net Income & EPS: Net income attributable to the company rose 5.7% to $240 million. GAAP diluted EPS was $0.67 (down 1.5%), while Adjusted Diluted EPS grew 1.9% to $1.07.

Nine Months Ended September 30, 2026 Highlights

• Total Revenues: $5.3 billion, up 23.4% ($1.0 billion increase YoY), aided by acquisitions.
• Organic Growth: Organic Revenue expanded 0.3% (1.5% with contingents).
• Net Income: Net income attributable to the company rose 20.8% to $954 million.
• Adjusted EBITDAC: Reached $1.9 billion (+20.9% YoY) with a 36.3% margin.
• Diluted EPS: Flat at $2.57 GAAP; Adjusted Diluted EPS increased 5.7% to $3.52.

Management Commentary

President and CEO J. Powell Brown noted that performance reflected strong commercial execution in winning customers despite a challenging rate environment, supported by integration benefits and capabilities added via approximately 5,000 new teammates from the Accession acquisition completed just over a year prior.