AI-extracted from the 10-Q filed 2026-10-26 — Q3 FY2026 (quarter ended September 30, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.
Brown & Brown's Q3 2026 total revenues rose 7.4% to $1,725M, but Organic Revenue grew only 1.2%, with growth driven mainly by acquisitions and Contingents.
Biggest Revenue Drivers
Retail$978M+10.8% YoY
Driven by approximately $91M core commissions and fees from acquisitions with no prior-year comparable, plus $21M net new and renewal business.
Specialty Distribution$739M+8.5% YoY
Driven by approximately $65M core commissions and fees from acquisitions, partly offset by a $5M decrease in net new and renewal business.
Biggest Revenue Drivers
Total revenue: $1,725M+7.4% YoY
Retail$978M+10.8% YoY
Driven by approximately $91M core commissions and fees from acquisitions with no prior-year comparable, plus $21M net new and renewal business.
Specialty Distribution$739M+8.5% YoY
Driven by approximately $65M core commissions and fees from acquisitions, partly offset by a $5M decrease in net new and renewal business.
Other$8M-81% YoY
Reflects elimination of intercompany revenues and corporate items; prior-year figure included $42M of investment income from offering proceeds.
Largest Expense Items
Employee compensation and benefits$857M+8.1% YoY
Includes $78M of compensation costs from acquisitions with no prior-year comparable; underlying expense decreased $14M.
Other operating expenses$307M+11.2% YoY
Includes $28M from acquisitions and an approximately $18M increase in deferred compensation asset values, partly offset by lower Acquisition/Integration Costs.
Amortization$110M+18.3% YoY
Reflects amortization of new intangibles from businesses acquired within the past twelve months.
Interest$100M0% YoY
Consistent with the prior-year quarter.
Margins: Income before income taxes margin fell to 18.6% from 19.4% in the prior-year quarter, while EBITDAC Margin - Adjusted declined to 34.6% from 36.6%. The filing attributes the change partly to a lower prior-year interest income benefit and to acquisition-related costs.
Watch Items from the Filing
Organic Revenue growth was only 1.2% for the quarter versus 3.5% a year earlier, with Specialty Distribution Organic Revenue declining 0.8%.
Total debt rose to $7,759M and interest expense for the nine months increased 51.8% to $299M following the Accession acquisition financing.
Litigation-Related Impact reduced core commissions and fees by $16M in the quarter, tied to a competitor's pending litigation over lost accounts.
Profit-sharing contingent commissions rose 9.6% to $80M, driven by improved carrier underwriting results and growth in premium volume.
Share repurchases totaled $250M in the quarter, leaving about $650M of authorization remaining, with the Company repurchasing 3,630,098 shares.
AI-extracted and verified against SEC EDGAR filing text. Not investment advice.
Main Timothy R.M.Reporting ownerGrant or award · May 6, 2026
Reilly WendellReporting ownerGrant or award · May 6, 2026
Masojada Bronislaw EdmundReporting ownerGrant or award · May 6, 2026
Gellerstedt Lawrence L IIIReporting ownerGrant or award · May 6, 2026
Savio Kathleen A.Reporting ownerGrant or award · May 6, 2026
Hoepner Theodore JReporting ownerGrant or award · May 6, 2026
Patel Jaymin BReporting ownerGrant or award · May 6, 2026
Jennings ToniReporting ownerGrant or award · May 6, 2026
Congress trading in BRO
39 transactions in BRO reported by 12 members of Congress under the STOCK Act, most recent trade Apr 17, 2026. Reported transactions, not recommendations.
About BROWN & BROWN, INC. (BRO): stock profile, AI score and financials
BROWN & BROWN, INC. (BRO) stock profile, AI quality score, and SEC EDGAR financial data, a Financials sector company. 13F Pro's AI-powered ranking engine scores BRO at 73.2/100 on a composite quality score built from its SEC filings, placing it at rank #130 of 2,925 stocks — the top 5% of the AI-ranked universe. BRO scores in the top quartile across revenue scale (82.5), revenue growth (82.4), free cash flow (75.2). Shareholder dilution risk is elevated at 43.9/100, reflecting ongoing share issuance or stock-based compensation. Based on the latest XBRL financial filings (Q3 2026), BROWN & BROWN, INC. reports quarterly revenue of $1.7B, net income of $240.0M, an operating margin of 18.6%. Top institutional holders of BRO by reported 13-F value include BlackRock, VANGUARD CAPITAL MANAGEMENT, FMR, based on the most recent SEC filings. BRO trades on the NYSE exchange and files with the SEC under CIK 79282. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate BRO daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for BROWN & BROWN, INC. directly from SEC EDGAR.