Income StatementBalance SheetCash FlowSegments
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Brown & Brown Cash Flow Statement

Operating, investing, and financing cash movements

Brown & Brown generated $1.5B in operating cash flow over the trailing twelve months. After $72.0M in capital expenditures, free cash flow was $1.4B. Free cash flow increased 0.1% year-over-year. Based on the Q2 2026 filing.

Net Cash From Operating (TTM)$1.5BNet Cash From Investing (TTM)-$7.9BNet Cash From Financing-$354.0MCapital Expenditures (TTM)$72.0MDepreciation And Amortization Cf (TTM)$60.0MNet Change In Cash (TTM)$711.0M
Latest FilingQ2 2026
Report Date2026-04-27
Market Cap$19.9B
P/E Ratio17.33

Investing

MetricQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Acquisitions, net of cash acquired$772.0M$67.0M$94.0M$7.5B$195.0M$17.0M
Capital expenditures$20.0M$17.0M$15.0M$16.0M$20.0M$21.0M
Proceeds From Sales Of Businesses Fixed Assets And Customer Accounts$10.0M$9.0M$1.0M——$0.0
Net cash from investing activities-$779.0M-$79.0M-$108.0M-$7.5B-$213.0M-$38.0M
Other investing activities-$3.0M$4.0M———-$0.0

Operating

MetricQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Change in accounts payable-$38.0M$126.0M—-$100.0M$106.0M-$29.0M
Change in accrued liabilities$52.0M-$195.0M——$59.0M-$184.0M
Change in other assets$17.0M-$35.0M$46.0M$12.0M$21.0M-$25.0M
Change in other liabilities—$6.0M$9.0M$26.0M$19.0M$7.0M
Other working capital changes$2.0M$2.0M$0.0$3.0M$1.0M$3.0M
Change in unearned premiums—-$35.0M$90.0M—$162.0M-$116.0M
Change in fair value of contingent consideration$11.0M-$4.0M$11.0M$11.0M$7.0M$5.0M
Deferred income taxes$24.0M-$10.0M—$20.0M-$25.0M$80.0M
Depreciation and amortization$11.0M$11.0M$11.0M$14.0M$18.0M$17.0M
Net cash from operating activities$361.0M$213.0M$325.0M$468.0M$444.0M$262.0M
Net income$211.0M$334.0M$234.0M$229.0M$268.0M$427.0M
Adjustment For Amortization Excluding Accretion Amortization Of Debt Discounts And Premiums Investments$47.0M$53.0M$50.0M$93.0M$116.0M$116.0M
Increase Decrease For Loss And Loss Adjustment Expense—-$1.1B-$62.0M-$45.0M-$160.0M-$60.0M
Increase Decrease In Premiums Commission And Fees Receivable—$180.0M——$36.0M$142.0M
Increase Decrease In Prepaid Reinsurance Premiums—-$40.0M$49.0M-$17.0M$190.0M-$110.0M
Mark To Market Of Escrow Liability$0.0$0.0$0.0$8.0M-$62.0M-$64.0M
Net Loss Gain On Sales Of Investments Fixed Assets And Customer Accounts—-$2.0M——-$1.0M$1.0M
Payments On Acquisition Earn Outs In Excess Of Original Estimated Payables$2.0M$0.0$1.0M$0.0$2.0M$15.0M
Stock-based compensation$24.0M$29.0M$23.0M$24.0M$17.0M$26.0M

Financing

MetricQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Proceeds from issuance of debt—$150.0M$4.0B——$225.0M
Repayments of debt$19.0M$169.0M$19.0M$18.0M$19.0M$19.0M
Dividends paid$43.0M$43.0M$43.0M$51.0M$56.0M$57.0M
Fiduciary Receivables And Liabilities Net-$108.0M$90.0M-$209.0M$264.0M-$198.0M$76.0M
Payments On Acquisition Earn Outs$17.0M$26.0M$19.0M$32.0M$66.0M$150.0M
Repurchase Of Stock Benefit Plan Shares For Employees To Fund Tax Withholdings$1.0M$40.0M$1.0M$1.0M$0.0$26.0M
Net cash from financing activities—-$218.0M$8.2B——-$354.0M
Other financing activities—$0.0$1.0M-$6.0M-$1.0M-$1.0M
Payment of debt issuance costs$1.3M——$1.0M——
Proceeds from issuance of common stock-$44.0M$1.1B$1.1B$1.1B$1.1B—
Repurchases of common stock$0.0$0.0———$250.0M

Free Cash Flow

MetricQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Free cash flow$341.0M$196.0M$310.0M$452.0M$424.0M$241.0M

Other

MetricQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Net increase (decrease) in cash—-$62.0M$8.5B—$91.0M-$157.0M