Buyback yield (TTM)
2.62%
Shareholder yield (TTM)
3.65%
5Y share count change
13.5%
Buyback spend (TTM)
$559M
Cumulative buybacks
$1.12B
Key takeaways
- Brown & Brown (BRO) repurchased about $559M of stock over the trailing twelve months.
- Diluted share count is up 13.5% over the last ~5 fiscal years — equity issuance and stock-based compensation are outpacing repurchases.
- TTM buyback ÷ stock-based-comp ratio of 0.87× — repurchases only partially offset SBC dilution.
- Cash buyback spend has compounded at +0.7% per year over the latest 5-year window.
- TTM repurchases used about 44% of free cash flow remaining after dividends.
Dividend & buyback yield over time for Brown & Brown (BRO)
Stacked annual yields — buyback yield (TTM cash repurchases ÷ market cap) plus dividend yield from the same fiscal-year-end key-metrics period — show how total cash return per dollar of equity has evolved.
Diluted vs basic shares (annual) for Brown & Brown (BRO)
Diluted weighted-average shares are the EPS denominator — a falling count means buybacks are outpacing SBC dilution.
Year-over-year change in diluted shares for Brown & Brown (BRO)
Green is fewer shares vs the prior fiscal year (net repurchase); red is growth (dilution). The earliest year shown has no prior year to compare.
Cash buyback spend over time for Brown & Brown (BRO)
Latest: $100M
Overview
In 2025, Brown & Brown (BRO) buyback spend totalled $100M – surged 81.8% year-over-year.
Across 2020–2025 (5 years), Brown & Brown buyback spend produced a CAGR of +0.7% – sustaining 2 straight years of year-over-year growth.
Brown & Brown buyback spend peaked at $164M in 2015; the latest annual figure is $100M in 2025 (38.9% below peak).
$164M stands as the all-time-high annual buyback spend, posted in 2015, against a low of $0.00 during 1991.
Brown & Brown Buyback Spend 2025: $100M
In 2025, Brown & Brown reported buyback spend of $100M, surged 81.8% from 2024.
Brown & Brown Buyback Spend 2024: $55M
Brown & Brown buyback spend in 2024 was $55M, surged 37.5% from 2023.
Brown & Brown Buyback Spend 2023: $40M
2023's buyback spend for Brown & Brown came in at $40M, plunged 67.5% below 2022.
Brown & Brown Buyback Spend 2022: $123M
Brown & Brown posted buyback spend of $123M in 2022, declined 7.1% below 2021.
Brown & Brown Buyback Spend 2021: $132M
Brown & Brown buyback spend in 2021 was $132M.
See more financial history for Brown & Brown (BRO).
Buyback, SBC & dilution history
Buyback spend, SBC, net dilution effect, and share count.
| 2025 | $100M | $93M | $7M | 0.38% | 313M | +10.2% | |
| 2024 | $55M | $101M | -$46M | 0.19% | 284M | +1.1% | |
| 2023 | $40M | $89M | -$49M | 0.20% | 281M | +0.8% | |
| 2022 | $123M | $66M | $57M | 0.78% | 279M | +0.4% | |
| 2021 | $132M | $61M | $71.4M | 0.68% | 277M | +0.6% | |
| 2020 | $96.4M | $59.7M | $36.7M | 0.74% | 276M | +0.5% | |
| 2019 | $58.7M | $47M | $11.7M | 0.55% | 275M | -2.7% | |
| 2018 | $91.3M | $33.5M | $57.7M | 1.21% | 282M | +1.7% | |
| 2017 | $129M | $30.6M | $98M | 1.85% | 278M | +0.7% | |
| 2016 | $18.9M | $16.1M | $2.86M | 0.31% | 276M | -1.6% | |
| 2015 | $164M | $15.5M | $148M | 3.69% | 280M | -1.9% | |
| 2014 | $75M | $19.4M | $55.7M | 1.63% | 286M | +0.2% | |
| 2013 | $0.00 | $22.6M | -$22.6M | — | 285M | +0.4% | |
| 2012 | $0.00 | $15.9M | -$15.9M | — | 284M | +1.2% | |
| 2011 | $0.00 | $11.2M | -$11.2M | — | 281M | +0.7% | |
| 2010 | $0.00 | $6.85M | -$6.85M | — | 279M | +1.3% | |
| 2009 | $0.00 | $7.36M | -$7.36M | — | 275M | -2.9% | |
| 2008 | $0.00 | $7.31M | -$7.31M | — | 283M | +3.8% | |
| 2007 | $0.00 | $5.67M | -$5.67M | — | 273M | -3.3% | |
| 2006 | $0.00 | $5.42M | -$5.42M | — | 282M | +0.9% | |
| 2005 | $0.00 | $3.34M | -$3.34M | — | 280M | +0.6% | |
| 2004 | $0.00 | $2.63M | -$2.63M | — | 278M | +0.8% | |
| 2003 | $2.33M | $2.27M | $62K | 0.10% | 276M | +1.3% | |
| 2002 | $10.1M | $0.00 | $10.1M | 0.47% | 272M | +7.6% | |
| 2001 | $0.00 | $0.00 | $0.00 | — | 253M | -48.9% | |
| 2000 | $5.54M | $0.00 | $5.54M | — | 495M | +45.9% | |
| 1999 | $1.15M | $0.00 | $1.15M | — | 339M | -25.4% | |
| 1998 | $9.23M | $0.00 | $9.23M | — | 454M | +38.7% | |
| 1997 | $5.86M | $0.00 | $5.86M | — | 327M | +141.6% | |
| 1996 | $1.8M | $0.00 | $1.8M | — | 136M | — | |
| 1995 | $0.00 | $0.00 | $0.00 | — | — | — | |
| 1994 | $55K | $0.00 | $55K | — | — | — | |
| 1993 | $0.00 | $0.00 | $0.00 | — | — | — | |
| 1992 | $0.00 | $0.00 | $0.00 | — | — | — | |
| 1991 | $0.00 | $0.00 | $0.00 | — | — | — | |
| 1990 | $100K | $0.00 | $100K | — | — | — | |
| 1989 | $100K | $0.00 | $100K | — | — | — |
- 2025$100M
- 2024$55M
- 2023$40M
- 2022$123M
- 2021$132M
- 2020$96.4M
- 2019$58.7M
- 2018$91.3M
- 2017$129M
- 2016$18.9M
- 2015$164M
- 2014$75M
- 2013$0.00
- 2012$0.00
- 2011$0.00
- 2010$0.00
- 2009$0.00
- 2008$0.00
- 2007$0.00
- 2006$0.00
- 2005$0.00
- 2004$0.00
- 2003$2.33M
- 2002$10.1M
- 2001$0.00
- 2000$5.54M
- 1999$1.15M
- 1998$9.23M
- 1997$5.86M
- 1996$1.8M
- 1995$0.00
- 1994$55K
- 1993$0.00
- 1992$0.00
- 1991$0.00
- 1990$100K
- 1989$100K
Buybacks vs stock-based compensation for Brown & Brown (BRO)
Annual cash repurchases set against stock-based compensation. Coverage above 1× means buybacks fully offset the equity dilution from SBC. TTM coverage: 0.87×.
Buybacks vs dividends (share of cash returned) for Brown & Brown (BRO)
How Brown & Brown splits cash returned to shareholders between dividends and buybacks.
Sector peers by buyback spend
Companies in the same sector as Brown & Brown, ranked by their latest buyback spend.
| $34.6B | |
| $24.1B | |
| $19.5B | |
| $13.4B | |
| $12.4B | |
| $11.7B | |
| $5.84B | |
| $0.00 |
- $34.6B
- $24.1B
- $19.5B
- $13.4B
- $12.4B
- $11.7B
- $5.84B
Buyback capacity (TTM)
Free cash flow minus dividends paid versus actual TTM repurchases — the headroom bar shows how much of post-dividend FCF is still being deployed elsewhere.
Headroom $1.27B (TTM FCF − TTM dividends, clamped at zero).
Frequently asked questions
Data & methodology
Explore more
Deep-dives across the income statement, cash flow, capital return, and valuation
- Buybacks2.62% TTM
- Dividend Profile0.86% yield
- Dividend Calculator
- Dividend Forecast
- Dividend Capture
- Stock Split History8 splits
How this company returns cash to shareholders — buybacks, dividends, and stock splits.