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Ryan Specialty Holdings RYAN Reporting Segment — Net commissions and fees

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Other financials

Income statement

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Revenue$795.2M+15.2%
Operating income$94.6M-5.6%
Net income$17.6M+164%
EPS (diluted)$0.12-33.8%

Balance sheet

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Cash & equivalents$1.5B+13.2%
Total debt$3.8B-2.3%
Total equity$636.2M+17.3%
Total assets$11.0B+11.3%

Cash flow

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Operating cash flow-$167.4M-17.2%
CapEx--100%
Free cash flow-$167.4M-16.7%

Valuation

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Market cap$5.76B-21.6%
Enterprise value$8.05B-15.1%
P/E53×-79.0×
P/S1.8×-0.8×

Profitability

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Operating margin15.5%-1.7pp
Net margin3.4%+1.5pp
FCF margin19.5%+1.2pp

Returns & leverage

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Return on equity18.4%+9.2pp
Debt / equity5.9×-1.2×
Current ratio0.0×

Where this comes from

Reported directly by Ryan Specialty Holdings in its filing.

Tagged under the XBRL concept us-gaap:Revenues.

The source filing: Ryan Specialty Holdings’s 10-Q, filed May 1, 2026.

Filed
May 1, 2026, 7:15 AM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0001849253-26-000026
Line itemThree Months Ended March 31, 2026Three Months Ended March 31, 2025
Net commissions and fees$782,903$676,128
Fiduciary investment income12,32614,038
Total revenue$795,229$690,166
Compensation-related expense1461,832397,428
General and administrative expense2101,36592,237
Other segment items340,74046,684
Depreciation and amortization69,40267,624
Change in contingent consideration27,294(14,042)

ITEM 1. FINANCIAL STATEMENTS

FAQ

What is Ryan Specialty Holdings's reporting segment — net commissions and fees?
Ryan Specialty Holdings (RYAN) reported reporting segment — net commissions and fees of $795.23M in Q1 2026.
How has Ryan Specialty Holdings's reporting segment — net commissions and fees changed year-over-year?
Ryan Specialty Holdings's reporting segment — net commissions and fees increased by 15.2% year-over-year, from $690.17M to $795.23M.
What is the long-term trend for Ryan Specialty Holdings's reporting segment — net commissions and fees?
Over 3 years (2022 to 2025), Ryan Specialty Holdings's reporting segment — net commissions and fees has grown at a 20.9% compound annual growth rate (CAGR), from $1.73B to $3.05B.
What does reporting segment — net commissions and fees mean?
This represents the primary revenue generated by the segment through brokerage and underwriting services, net of any related commission expenses. It serves as the core indicator of the segment's market demand and ability to capture value from insurance distribution activities.

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