Income StatementBalance SheetCash FlowSegments
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Brown & Brown Business Segments

Business, geographic, and product segment breakdowns

Brown & Brown generates $6.4B in annual revenue across 2 key segments: Retail ($3.7B), and Specialty Distribution ($2.6B). Based on the Q2 2026 filing.

Retail (TTM)$3.7BSpecialty Distribution (TTM)$2.6B
Latest FilingQ2 2026
Report Date2026-04-27
Market Cap$19.9B
P/E Ratio17.33

Products & Services

Revenue

SegmentQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Core Commission Revenue$777.0M$958.0M$878.0M$1.1B$1.0B$1.3B
Fee Revenue$276.0M$265.0M$268.0M$346.0M$400.0M$380.0M
Other Supplemental Commissions Revenue$26.0M$100.0M$41.0M$36.0M$29.0M$113.0M
Profit Sharing Contingent Commission Revenue$56.0M$43.0M$45.0M$73.0M$94.0M$97.0M
Earned Premium$25.0M$19.0M$17.0M$22.0M$26.0M$22.0M

Contract With Customer Liability Revenue Recognized

SegmentQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Incentive And Profit Sharing Contingent Commission Revenue$22.0M$14.0M$8.0M$2.0M$35.0M$13.0M

Geographic

Revenue

SegmentQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Other International Countries$179.0M$230.0M$212.0M$196.0M$205.0M$264.0M
Other Country$42.0M$90.0M$48.0M$48.0M$58.0M$109.0M

Business Segments

Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1

SegmentQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Retail$10.0M-$6.0M$9.0M$10.0M—$11.0M
Specialty Distribution—$2.0M$2.0M$1.0M$12.0M-$6.0M

D&A

SegmentQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Retail$39.0M$43.0M$41.0M$74.0M$92.0M$83.0M
Specialty Distribution$18.0M$20.0M$19.0M$32.0M$41.0M$49.0M

Employee Compensation And Benefits

SegmentQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Retail$344.0M$447.0M$385.0M$493.0M$522.0M$614.0M
Specialty Distribution$202.0M$199.0M$202.0M$252.0M$266.0M$273.0M

Gain Loss On Disposition Of Assets1

SegmentQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Retail$1.0M-$2.0M$0.0$0.0-$1.0M$1.0M
Specialty Distribution—$0.0$0.0$0.0$0.0$0.0

Goodwill

SegmentQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Retail$5.4B$5.5B$5.7B$9.8B$9.2B$9.2B
Specialty Distribution$2.5B——$5.1B$5.9B$5.9B

Goodwill Acquired

SegmentQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Retail$552.0M$3.0M$18.0M$4.2B—$23.0M
Specialty Distribution$6.8M———$829.0M$4.0M

Goodwill Foreign Currency Translation Gain Loss

SegmentQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Retail-$135.0M$74.0M$144.0M—$5.0M-$43.0M
Specialty Distribution-$2.5M———$9.0M-$11.0M

Goodwill Purchase Accounting Adjustments

SegmentQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Retail$0.0-$1.0M-$4.0M——$13.0M
Specialty Distribution$11.5M$250.0K$250.0K$250.0K$250.0K$3.0M

Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest

SegmentQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Retail$114.0M$284.0M$127.0M$164.0M$132.0M$317.0M
Specialty Distribution$194.0M$166.0M$233.0M$255.0M$211.0M$221.0M

Interest Expense Nonoperating

SegmentQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Retail$15.0M$15.0M$15.0M-$11.0M$9.0M$8.0M
Specialty Distribution$9.0M$9.0M$9.0M$9.0M$11.0M$8.0M

Investment Income Nonoperating

SegmentQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Retail$3.0M$2.0M$3.0M$5.0M$8.0M$5.0M
Specialty Distribution$8.0M$5.0M$7.0M$8.0M$6.0M$5.0M

Other Cost And Expense Operating

SegmentQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Retail$115.0M$122.0M$120.0M$153.0M$168.0M$178.0M
Specialty Distribution$110.0M$91.0M$98.0M$132.0M$137.0M$137.0M

Other Income

SegmentQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Retail$0.0$0.0$0.0$1.0M$1.0M$1.0M
Specialty Distribution—$1.0M$1.0M$0.0$2.0M$0.0

Revenue

SegmentQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Retail$636.0M$907.0M$697.0M$883.0M$919.0M$1.2B
Specialty Distribution$534.0M$487.0M$563.0M$681.0M$678.0M$682.0M

Goodwill Adjustment And Acquired Net

SegmentQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Specialty Distribution—$832.8M$832.8M$832.8M$832.8M—