TTM
26.8%
YoY change
−0.60pp
Trough year (1995)
0.4%
Peak year (1997)
125.5%
Latest annual
28.5%
Operating Margin history chart for Brown & Brown (BRO) from 1985 to 2025
Latest: 28.5%
Operating Margin change chart for Brown & Brown (BRO) from 1985 to 2025
Latest: −0.60pp
Operating Margin history table for Brown & Brown (BRO) from 1985 to 2025
| 2025 | 28.5% | -0.60pp | ||
| 2024 | 29.1% | +1.52pp | ||
| 2023 | 27.5% | +0.50pp | ||
| 2022 | 27.0% | -1.02pp | ||
| 2021 | 28.0% | +2.38pp | ||
| 2020 | 25.7% | +1.73pp | ||
| 2019 | 23.9% | -0.92pp | ||
| 2018 | 24.8% | -0.51pp | ||
| 2017 | 25.4% | -1.13pp | ||
| 2016 | 26.5% | -0.10pp | ||
| 2015 | 26.6% | -0.02pp | ||
| 2014 | 26.6% | -0.59pp | ||
| 2013 | 27.2% | +1.02pp | ||
| 2012 | 26.2% | -1.14pp | ||
| 2011 | 27.3% | -0.84pp | ||
| 2010 | 28.2% | +0.33pp | ||
| 2009 | 27.8% | -1.55pp | ||
| 2008 | 29.4% | -4.52pp | ||
| 2007 | 33.9% | +0.48pp | ||
| 2006 | 33.4% | +0.51pp | ||
| 2005 | 32.9% | -0.19pp | ||
| 2004 | 33.1% | +0.94pp | ||
| 2003 | 32.2% | +1.58pp | ||
| 2002 | 30.6% | +4.22pp | ||
| 2001 | 26.3% | +5.50pp | ||
| 2000 | 20.8% | -2.95pp | ||
| 1999 | 23.8% | -100.75pp | ||
| 1998 | 124.6% | -0.96pp | ||
| 1997 | 125.5% | +103.41pp | ||
| 1996 | 22.1% | +21.75pp | ||
| 1995 | 0.4% | -25.42pp | ||
| 1994 | 25.8% | +5.90pp | ||
| 1993 | 19.9% | +2.70pp | ||
| 1992 | 17.2% | -4.27pp | ||
| 1991 | 21.4% | +1.74pp | ||
| 1990 | 19.7% | -3.14pp | ||
| 1989 | 22.8% | +2.66pp | ||
| 1988 | 20.2% | +5.01pp | ||
| 1987 | 15.2% | -9.31pp | ||
| 1986 | 24.5% | +5.31pp | ||
| 1985 | 19.2% | — |
- 202528.5%-0.60pp
- 202429.1%+1.52pp
- 202327.5%+0.50pp
- 202227.0%-1.02pp
- 202128.0%+2.38pp
- 202025.7%+1.73pp
- 201923.9%-0.92pp
- 201824.8%-0.51pp
- 201725.4%-1.13pp
- 201626.5%-0.10pp
- 201526.6%-0.02pp
- 201426.6%-0.59pp
- 201327.2%+1.02pp
- 201226.2%-1.14pp
- 201127.3%-0.84pp
- 201028.2%+0.33pp
- 200927.8%-1.55pp
- 200829.4%-4.52pp
- 200733.9%+0.48pp
- 200633.4%+0.51pp
- 200532.9%-0.19pp
- 200433.1%+0.94pp
- 200332.2%+1.58pp
- 200230.6%+4.22pp
- 200126.3%+5.50pp
- 200020.8%-2.95pp
- 199923.8%-100.75pp
- 1998124.6%-0.96pp
- 1997125.5%+103.41pp
- 199622.1%+21.75pp
- 19950.4%-25.42pp
- 199425.8%+5.90pp
- 199319.9%+2.70pp
- 199217.2%-4.27pp
- 199121.4%+1.74pp
- 199019.7%-3.14pp
- 198922.8%+2.66pp
- 198820.2%+5.01pp
- 198715.2%-9.31pp
- 198624.5%+5.31pp
- 198519.2%—
Operating Margin values are taken from Brown & Brown's reported income statements (quarterly 10-Q and annual 10-K filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the filing date. YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
About Operating Margin at Brown & Brown (BRO)
According to Brown & Brown's latest reported financial statements, the company's latest reported operating margin is 26.8%. Operating margin is operating income divided by revenue — the share of each sales dollar left after cost of goods sold and operating expenses (SG&A, R&D), but before interest and taxes. It isolates how profitable the core business is before financing and tax decisions, so it is comparable across companies with different capital structures.
Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .
As of the 2025 fiscal year, Brown & Brown (BRO) reported operating margin of 28.46% – contracted 0.6 percentage points year-over-year.
125.51% stands as the all-time-high annual operating margin, posted in 1997, against a low of 0.36% during 1995.
Brown & Brown Operating Margin by Year
Brown & Brown Operating Margin 2025: 28.5%
In 2025, Brown & Brown reported operating margin of 28.46%, contracted 0.6 percentage points from 2024.
Brown & Brown Operating Margin 2024: 29.1%
Brown & Brown operating margin in 2024 was 29.05%, expanded 1.5 percentage points from 2023.
Brown & Brown Operating Margin 2023: 27.5%
2023's operating margin for Brown & Brown came in at 27.53%, expanded 0.5 percentage points from 2022.
Brown & Brown Operating Margin 2022: 27.0%
Brown & Brown posted operating margin of 27.03% in 2022, contracted 1.0 percentage points from 2021.
Brown & Brown Operating Margin 2021: 28.0%
Brown & Brown operating margin in 2021 was 28.05%.
See more financial history for Brown & Brown (BRO).
Sector peers by Operating Margin
Financial Services peers of Brown & Brown (BRO), ranked by their latest operating margin
| 61.1% | |
| 59.4% | |
| 26.2% | |
| 22.9% | |
| 20.5% | |
| 20.5% | |
| 19.5% | |
| 16.1% |
- 61.1%
- 59.4%
- 26.2%
- 20.5%
- 20.5%
- 19.5%
Frequently asked questions
Brown & Brown (BRO) Key Financials
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