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Sentiment · FY2026 Q2
As of FY2026 Q1, the Tellvest earnings-call sentiment score for Brown & Brown (BRO) is 6/10.
Brown & Brown delivered total revenue of $1.9 billion, up 35.4%, with the gain driven almost entirely by the Accession (Risk Strategies/One80) acquisition, which contributed roughly $445 million for the quarter, while organic revenue was flat year-over-year as catastrophe property rate declines of 15%-35% and a prior-year flood claims comparison weighed on growth. Profitability held up well: adjusted EBITDAC margin expanded 40 basis points to 38.5% and adjusted EPS rose nearly 8% to $1.39, helped by a $54 million surge in contingent commissions. Management guided to modest sequential organic improvement through the year, with the casualty-weighted One80 business expected to lift specialty organic in the back half, and reaffirmed Accession integration synergies of $30 million to $40 million for 2026. A startup-broker dispute that has taken roughly $31 million of annualized revenue and a pharmacy-consulting revenue-model change remain near-term organic headwinds.
Scored from Brown & Brown’s FY2026 Q1 earnings call. The newest quarter is available with Tellvest Pro.
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| Quarter | Revenue | Rev YoY | EPS | EPS YoY | Op margin | Net margin |
|---|---|---|---|---|---|---|
| FY2024 Q4 | $1.09B | +12.0% | $0.73 | -22.3% | 21.8% | 19.3% |
| FY2025 Q1 | $1.39B | +12.0% | $1.15 | +12.7% | 32.6% | 23.9% |
| FY2025 Q2 | $1.25B | +8.2% | $0.78 | -13.3% | 27.0% | 18.5% |
| FY2025 Q3 | $1.61B | +35.4% | $0.68 | -17.1% | 26.3% | 14.1% |
| FY2025 Q4 | $1.67B | +53.3% | $0.59 | -19.2% | 25.7% | 15.8% |
| FY2026 Q1 | $1.90B | +37.3% | $1.06 | -7.8% | 28.0% | 22.4% |
| FY2026 Q2 | $1.68B | +34.2% | $0.84 | +7.7% | 33.8% | 17.2% |