BROWN & BROWN, INC.

BRO · Mid cap · 0 articles

Financial highlights

Metric	FY 12/31/25	FY 12/31/24	FY 12/31/23	FY 12/31/22	FY 12/31/21
Income Statement
Revenue	$5.9B	$4.8B	$4.3B	$3.6B	$3.1B
Operating expenses	—	—	$3.1B	$2.7B	$2.3B
Interest expense	$297.0M	$193.0M	$190.0M	$141.2M	$65.0M
Pretax income	$1.4B	$1.3B	$1.1B	$876.0M	$762.8M
Income tax expense	$304.0M	$301.0M	$275.0M	$204.0M	$175.7M
Net income	$1.1B	$993.0M	$871.0M	$672.0M	$587.1M
Balance Sheet
Cash and equivalents	$1.1B	$675.0M	$700.0M	$650.0M	$693.2M
Current assets	$8.6B	$6.9B	$5.1B	$5.0B	$3.3B
Total assets	$30.0B	$17.6B	$14.9B	$14.0B	$9.8B
Current liabilities	$8.3B	$6.3B	$5.0B	$4.6B	$2.7B
Total debt	$7.0B	$2.8B	$2.7B	$2.7B	—
Stockholders' equity	$12.6B	$6.4B	$5.6B	$4.6B	$4.2B
Cash Flow Statement
Cash from operations	$1.4B	$1.2B	$1.0B	$881.0M	$808.8M
Depreciation and amortization	$55.0M	$44.0M	$40.0M	$39.0M	$33.3M
Stock-based compensation	$93.0M	$101.0M	$89.0M	$66.0M	$61.0M
Capital expenditure	$68.0M	$82.0M	$69.0M	$52.0M	$45.0M
Free cash flow	$1.4B	$1.1B	$941.0M	$829.0M	$763.8M
Dividends paid	$193.0M	$154.0M	$135.0M	$120.0M	$107.2M
Share repurchases	$100.0M	$0	$0	$74.0M	$82.6M
Impairments	$0	$0	$0	$0	$0

Shares outstanding 338.9M · Free float 86.8%

Annual filing data through FY ended December 31, 2025; float as of July 8, 2026.