BRO Brown & Brown margins

Relative Growth: Rel. Growth: 85

Relative Strength: Rel. Strength: 30

Relative Valuation: Rel. Valuation: 57

Relative Profitability: Rel. Profitability: 92

Gross margin

100%

Operating margin

28.5%

EBITDA margin

35.9%

Net margin

17.7%

For the latest period, Brown & Brown has a gross margin of 100%, an operating margin of 28.5%, an EBITDA margin of 35.9%, and a net margin of 17.7%. The biggest positive change was in EBITDA margin, increasing 1.3 percentage points. The biggest negative change was in net margin, decreasing 2.2 percentage points.

BRO margin history

Gross, operating, EBITDA and net margin trends

Brown & Brown's margins averaged 100% gross, 29.5% operating, 35.85% EBITDA, and 19.95% net during the last 3 years. Current figures show EBITDA margin is above its three-year average, while operating and net margins are below their three-year averages.

BRO margin expansion

Year-over-year margin changes in percentage points

EBITDA margin expanded by 1.3 percentage points, but operating margin contracted by 1.2 percentage points and net margin by 2.2 percentage points.

Gross margin expansion

0pp

Operating margin expansion

-1.2pp

EBITDA margin expansion

1.3pp

Net margin expansion

-2.2pp

BRO Gross margin

Over the last 3 years, Brown & Brown's gross margin averaged 100%. At present, Brown & Brown's current gross margin is 100%, which is in line with its three-year average. During this period, gross margin reached a high of 100% in Jun 2026 and a low of 100% in Dec 2023.

BRO Operating margin

Over the last 3 years, Brown & Brown had an average operating margin of 29.5%. Against its three-year average, Brown & Brown's operating margin is currently 28.5%, 1 percentage point below its three-year average. Looking back over the last 3 years, Brown & Brown's operating margin reached 30.8% at its highest point in Mar 2025 and 28.5% at its lowest in Dec 2023.

BRO EBITDA margin

Looking back over the last 3 years, Brown & Brown recorded an average EBITDA margin of 35.85%. Brown & Brown's current EBITDA margin is 35.9% and is 0.1 percentage points above its three-year average. The highest EBITDA margin for Brown & Brown was 38.4% in Sep 2024, while the lowest was 33.8% in Sep 2025.

BRO Net margin

Brown & Brown recorded an average net margin of 19.95% across the last 3 years. The latest net margin for Brown & Brown is 17.7%, 2.3 percentage points below its three-year average. The highest net margin for Brown & Brown was 22.7% in Sep 2024, while the lowest was 17.7% in Jun 2026.

BRO margin group comparison

Margins compared with peer-group, industry and sector averages

Brown & Brown's gross margin of 100% is above the Financial Services sector, the industry and its peers average. Compared to its Financial Services sector average of 83.8%, Brown & Brown's gross margin is 19% higher.

BRO margin peer comparison

Compare margins with selected peers

Frequently asked questions

What is Brown & Brown's gross margin?

As of Jun 30, 2026, BRO has a gross margin of 100%.

What is Brown & Brown's operating margin?

For the period ending Jun 30, 2026, BRO recorded an operating margin of 28.5%.

What is Brown & Brown's EBITDA margin?

For the period ending Jun 30, 2026, BRO recorded an EBITDA margin of 35.9%.

What is Brown & Brown's net margin?

As of Jun 30, 2026, BRO has a net margin of 17.7%.

What are the average margins of BRO?

Looking back over 3 years, BRO recorded average margins of 100.0% gross, 29.5% operating, 35.9% EBITDA, and 20.0% net.

What are the highest historical margins of BRO?

Across the 5-year period, BRO posted its highest margins at 100% gross in Jun 2026, 30.8% operating in Mar 2025, 38.4% EBITDA in Sep 2024, and 22.7% net in Sep 2024.

What are the lowest historical margins of BRO?

Across the 5-year period, BRO posted its lowest margins at 100% gross in Dec 2021, 27% operating in Sep 2022, 32.1% EBITDA in Dec 2021, and 17.7% net in Jun 2026.