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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 Q1 2026 filing.

Retail (TTM)$3.7BSpecialty Distribution (TTM)$2.6B
Latest FilingQ1 2026
Report Date2026-04-27
Market Cap$20.3B
P/E Ratio17.70

Products & Services

Revenue

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Core Commission Revenue$777M$958M$878M$1.1B$1B$1.3B
Fee Revenue$276M$265M$268M$346M$400M$380M
Other Supplemental Commissions Revenue$26M$100M$41M$36M$29M$113M
Profit Sharing Contingent Commission Revenue$56M$43M$45M$73M$94M$97M
Earned Premium$25M$19M$17M$22M$26M$22M

Contract With Customer Liability Revenue Recognized

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Incentive And Profit Sharing Contingent Commission Revenue$22M$14M$8M$2M$35M$13M

Geographic

Revenue

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
US$1B$1.2B$1.1B$1.4B$1.4B$1.6B
Other International Countries$179M$230M$212M$196M$205M$264M
GB$137M$140M$164M$148M$147M$155M
Other Country$42M$90M$48M$48M$58M$109M

Business Segments

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

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Retail$10M-$6M$9M$10M—$11M
Specialty Distribution—$2M$2M$1M$12M-$6M

D&A

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Retail$39M$43M$41M$74M$92M$83M
Specialty Distribution$18M$20M$19M$32M$41M$49M

Employee Compensation And Benefits

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Retail$344M$447M$385M$493M$522M$614M
Specialty Distribution$202M$199M$202M$252M$266M$273M

Gain Loss On Disposition Of Assets1

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Retail$1M-$2M$0$0-$1M$1M
Specialty Distribution—$0$0$0$0$0

Goodwill

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '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

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Retail$552M$3M$18M$4.2B—$23M
Specialty Distribution$6.8M———$829M$4M

Goodwill Foreign Currency Translation Gain Loss

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Retail-$135M$74M$144M—$5M-$43M
Specialty Distribution-$2.5M———$9M-$11M

Goodwill Purchase Accounting Adjustments

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Retail$0-$1M-$4M——$13M
Specialty Distribution$11.5M$250K$250K$250K$250K$3M

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

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Retail$114M$284M$127M$164M$132M$317M
Specialty Distribution$194M$166M$233M$255M$211M$221M

Interest Expense Nonoperating

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Retail$15M$15M$15M-$11M$9M$8M
Specialty Distribution$9M$9M$9M$9M$11M$8M

Investment Income Nonoperating

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Retail$3M$2M$3M$5M$8M$5M
Specialty Distribution$8M$5M$7M$8M$6M$5M

Other Cost And Expense Operating

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Retail$115M$122M$120M$153M$168M$178M
Specialty Distribution$110M$91M$98M$132M$137M$137M

Other Income

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Retail$0$0$0$1M$1M$1M
Specialty Distribution—$1M$1M$0$2M$0

Revenue

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Retail$636M$907M$697M$883M$919M$1.2B
Specialty Distribution$534M$487M$563M$681M$678M$682M

Goodwill Adjustment And Acquired Net

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Specialty Distribution—$832.8M$832.8M$832.8M$832.8M—