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Brown & Brown BRO Retail — Other Cost And Expense Operating

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Specialty Distribution
$137M

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Other financials

Income statement

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Revenue$1.9B+35.4%
Net income$426.0M+28.7%
EPS (diluted)$1.06-7.8%

Balance sheet

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Cash & equivalents$1.0B+49.9%
Total debt$8.1B+101%
Total equity$5.6B+21.1%
Total assets$29.7B+77.2%

Cash flow

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Operating cash flow$262.0M+23.0%
CapEx$21.0M+23.5%
Free cash flow$241.0M+23.0%

Valuation

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Market cap$21.74B-34.2%
Enterprise value$28.86B-21.7%
P/E18.9×-13.1×
P/S3.4×-3.3×

Profitability

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Net margin17.9%-2.9pp
FCF margin22.3%-3.7pp

Returns & leverage

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Return on equity17.1%+1.8pp
Debt / equity0.7×-0.2×
Current ratio-0.2×

Where this comes from

Reported directly by Brown & Brown in its filing.

Tagged under the XBRL concept us-gaap:OtherCostAndExpenseOperating.

The official record: Brown & Brown’s 10-Q, filed April 27, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Brown & Brown's retail — other cost and expense operating?
Brown & Brown (BRO) reported retail — other cost and expense operating of $178M in Q1 2026.
How has Brown & Brown's retail — other cost and expense operating changed year-over-year?
Brown & Brown's retail — other cost and expense operating increased by 45.9% year-over-year, from $122M to $178M.
What is the long-term trend for Brown & Brown's retail — other cost and expense operating?
Over 3 years (2022 to 2025), Brown & Brown's retail — other cost and expense operating has grown at a 14.3% compound annual growth rate (CAGR), from $377M to $563M.
What does retail — other cost and expense operating mean?
This encompasses all operating expenses for the retail segment excluding employee compensation, such as office rent, technology costs, travel, and professional services. It reflects the overhead required to maintain the segment's operational infrastructure.