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Percentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions.
| Analyst | Firm | Questions · challengingPercentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|
| Mark Hughes | Truist Securities | 14 questions · 7% challenging |
| Elyse Greenspan | Wells Fargo | 13 questions · 0% challenging |
| Mike Zaremski | BMO Capital Markets | 12 questions · 67% challenging |
| Alex Scott | Barclays | 10 questions · 10% challenging |
| Rob Cox | Goldman Sachs | 9 questions · 0% challenging |
| Josh Shanker | Bank of America | 8 questions · 38% challenging |
| Greg Peters | Raymond James | 8 questions · 13% challenging |
| Brian Meredith | UBS | 7 questions · 14% challenging |
| Meyer Shields | KBW | 7 questions · 14% challenging |
| Andrew Andersen | Jefferies | 6 questions · 17% challenging |
| Firm | Analysts | Questions · challengingPercentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|
| Truist Securities | 1 analyst | 14 questions · 7% challenging |
| Wells Fargo | 1 analyst | 13 questions · 0% challenging |
| BMO Capital Markets | 2 analysts | 13 questions · 62% challenging |
| Raymond James | 2 analysts | 10 questions · 10% challenging |
| Barclays | 1 analyst | 10 questions · 10% challenging |
| Wolfe Research | 2 analysts | 9 questions · 11% challenging |
| Goldman Sachs | 1 analyst | 9 questions · 0% challenging |
| Bank of America | 1 analyst | 8 questions · 38% challenging |
No 8-K events recorded for this window.
Reporting soon: earnings call Monday, Oct 26
A pre-earnings brief is ready for BRO: the setup, what peers and partners said this season, and which analysts to watch.Reading it is a Tellvest Pro feature.
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.
Revenue Growth | Competitive Dynamics | Pricing | Margin | Demand | M&A | Regulation Policy | Macroeconomic | |
|---|---|---|---|---|---|---|---|---|
| 2024Q4 | 5 | 3 | 3 | 2 | 3 | 1 | ||
| 2025Q1 | 6 | 3 | 6 | 2 | 1 | 3 | 1 | |
| 2025Q2 | 5 | 3 | 5 | 4 | 2 | 4 | 1 | |
| 2025Q3 | 5 | 3 | 1 | 2 | 2 | 2 | 2 | 3 |
| 2025Q4 | 10 | 11 | 3 | 3 | 1 | 1 | ||
| 2026Q1 | 6 | 3 | 4 | 3 | 1 | 1 |
| '24Q4 | '25Q1 | '25Q2 | '25Q3 | '25Q4 | '26Q1 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 5 | 6 | 5 | 5 | 10 | 6 |
| Competitive Dynamics | 3 | 3 | 3 | 3 | 11 | 3 |
| Pricing | 3 | 6 | 5 | 1 | 3 | 4 |
| Margin | 2 | 2 | 4 | 2 | 3 | 3 |
| Demand | 3 | 1 | 2 | 2 | 1 | |
| M&A | 1 | 4 | 2 | 1 | 1 | |
| Regulation Policy | 3 | 2 | 1 | |||
| Macroeconomic | 1 | 1 | 3 |
Calendar quarter Q1 2026Earnings call Apr 28, 2026
FY2026 Q1 in brief
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…
Newest quarter FY2026 Q2 is part of Pro · see what Pro adds →
GAAP revenue YoY +37.3% → base 8. The base score is anchored to the GAAP revenue YoY band before transcript, EPS, and guidance adjustments.
Sources. Tellvest earnings-call sentiment score for Brown & Brown (BRO), FY2026 Q1: 6/10. Scores: Brown & Brown’s public earnings-call transcripts and SEC-reported results — the base band is anchored to reported GAAP revenue growth; transcript, EPS and guidance adjustments are applied separately (documented exceptions apply to a few issuers). Price: BRO daily closing prices for the trailing year; dots mark earnings calls, colored by that quarter’s score; the newest quarter’s score is part of Tellvest Pro. How to read a company earnings-call score.
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| Quarter | Revenue | Rev YoY | EPS | EPS YoY | Net margin |
|---|---|---|---|---|---|
| FY2024 Q4 | $1.18B | +15.3% | $0.73 | -22.3% | 17.8% |
| FY2025 Q1 | $1.40B | +11.6% | $1.15 | +12.7% | 23.6% |
| FY2025 Q2 | $1.28B | +9.1% | $0.78 | -13.3% | 18.0% |
| FY2025 Q3 | $1.61B | +35.4% | $0.68 | -16.0% | 14.1% |
| FY2025 Q4 | $1.61B | +35.8% | — | — | 16.4% |
| FY2026 Q1Selected | $1.90B | +35.4% | $1.06 | -7.8% | 22.4% |
| FY2026 Q2 | $1.68B | +30.4% | $0.84 | +7.7% | 17.2% |
Management’s own words, often on a non-GAAP, constant-currency, or adjusted basis — so these can differ from the GAAP figures above (e.g. constant-currency revenue growth excludes currency swings).
What BRO said about other companies on its FY2026 Q1 call, and what other companies said about BRO on their calls covering the same calendar quarter (Q1 2026). Each company's own fiscal quarter is shown next to its name. Extracted verbatim from public transcripts. Mentions from the newest quarter are a Pro feature.
“One question on the Howden revenues. Is that $31 million of annual revenues still all employee benefits?”
An analyst references Howden as the rival broker (the 'startup') that recruited departing Brown & Brown teammates and roughly $31M of annual revenue, now in litigation.
“Regarding Accession, we recognized total revenues of approximately $445 million for the quarter.”
Brown & Brown reports its acquired Accession (Risk Strategies / One80) platform contributing ~$445M revenue in the quarter, its largest recent acquisition.
| Company | Score | Trend | Rev YoY | Headline |
|---|---|---|---|---|
| BROBrown & Brown | 6 | +37.3% | 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 | |
| AJGArthur J. Gallagher & Co. | 6 | +27.6% | AssuredPartners Integration Tracking to Plan | |
| AONAon | 7 | +6.5% | Broad-Based Commercial Risk Growth at 7% | |
| ERIEErie Indemnity | 6 | +2.3% | Earnings Growth Resumes with Operating Income Up 10% | |
| MRSHMarsh & McLennan Companies, Inc. | 6 | +7.6% | AI Strategy: Growth, Productivity, and Efficiency | |
| WTWWillis Towers Watson | 5 | +8.5% | Organic growth slows to 3% at low end of plan amid macro headwinds |
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
| Company | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 |
|---|---|---|---|---|---|---|
| BRO | 8 | 7 | 7 | 7 | 5 | 6 |
| AJG | 7 | 8 | 8 | 6 | 9 | 6 |
| AON | 8 | 6 | 6 | 7 | 8 | 7 |
| ERIE | 8 | 7 | 6 | 7 | 4 | 6 |
| MRSH | 8 | 7 | 7 | 7 | 8 | 6 |
| WTW | 7 | 5 | 7 | 7 | 7 | 5 |
AI Strategy: Growth, Productivity, and Efficiency
Organic growth slows to 3% at low end of plan amid macro headwinds