Q1 26 EPS
$1.39
Q1 26 Revenue
$1.90B
Did BRO Beat Earnings? Q1 2026 Results
Brown & Brown posted a solid first quarter for fiscal 2026, with adjusted diluted EPS rising 7.8% to $1.39 and total revenues climbing 35.4% to $1.90 billion, driven almost entirely by the company's transformative acquisition of Accession, which clos… Read more Brown & Brown posted a solid first quarter for fiscal 2026, with adjusted diluted EPS rising 7.8% to $1.39 and total revenues climbing 35.4% to $1.90 billion, driven almost entirely by the company's transformative acquisition of Accession, which closed in the prior year. The deal reshaped the enterprise at scale, but the underlying growth picture was more measured, with organic revenue flat at 0.0% and organic revenue including contingents up just 2.2%, signaling a challenging operating environment beyond the acquisition lift. GAAP diluted EPS fell 7.8% to $1.06, weighed down by sharply higher amortization of $116.00 million and interest expense of $99.00 million, both direct consequences of financing the Accession deal. Adjusted EBITDAC advanced 36.6% to $731.00 million, with margins nudging higher to 38.5% from 38.1%, suggesting early signs of operating leverage in the combined business. The company also repurchased $250.00 million in stock during the quarter, even as total debt stood at approximately $7.82 billion.
Key Takeaways
- • Acquisition of Accession (RSC Topco, Inc.) drove 35.4% total revenue growth
- • Organic Revenue was flat at 0.0% growth
- • Organic Revenue with Contingents grew 2.2%
- • Contingent commissions increased to $97 million from $43 million
- • EBITDAC Margin - Adjusted expanded to 38.5% from 38.1%
- • Amortization expense more than doubled to $116 million due to acquired intangible assets
- • Interest expense rose to $99 million from $46 million reflecting Accession deal financing
BRO YoY Financials
Q1 2026 vs Q1 2025, source: SEC Filings
“Our teammates continue to deliver for our customers in a challenging growth environment.”
— J. Powell Brown, Q1 2026 Earnings Press Release
BRO Earnings Trends
BRO vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
BRO EPS Trend
Earnings per share: estimate vs actual
BRO Revenue Trend
Quarterly revenue: estimate vs actual
BRO Quarterly Results
5 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q1 26 | — | $1.39 | — | $1.90B | — |
| Q4 25 BEAT FY | $0.91 | $0.93 | +2.20% | $1.61B | -5.80% |
| FY Full Year | $4.25 | $4.26 | +0.29% | $5.90B | -0.74% |
| Q3 25 BEAT | $0.93 | $1.05 | +12.92% | $1.61B | +4.36% |
| Q2 25 BEAT | $0.99 | $1.03 | +4.53% | $1.29B | +0.49% |
| Q1 25 MISS | $1.30 | $1.29 | -0.52% | $1.40B | -0.36% |