Direct Answer
Brown & Brown reported revenue of $5.9 billion for the fiscal year ended December 31, 2025, net income of $1.1 billion, according to its SEC filings. Revenue grew 22.8% from the prior year.
What Are Brown & Brown's Key Financial Figures?
| Fiscal year | FY2025 ended December 31, 2025 | FY2024 ended December 31, 2024 | FY2023 ended December 31, 2023 | FY2022 ended December 31, 2022 |
|---|---|---|---|---|
| Revenue | $5.9 billion | $4.8 billion | $4.3 billion | $3.6 billion |
| Operating income | Not reported | Not reported | Not reported | Not reported |
| Operating margin | n/a | n/a | n/a | n/a |
| Net income | $1.1 billion | $993 million | $871 million | $672 million |
| Net margin | 17.9% | 20.7% | 20.5% | 18.8% |
| Operating cash flow | $1.4 billion | $1.2 billion | $1.0 billion | $881 million |
| Capital expenditures | $68 million | $82 million | $69 million | $52 million |
| Free cash flow | $1.4 billion | $1.1 billion | $941 million | $829 million |
Free cash flow (operating cash flow minus capital expenditures) was $1.4 billion against net income of $1.1 billion; cash generation covered reported earnings.
What Does Brown & Brown's Balance Sheet Show?
| Cash and cash equivalents | $1.1 billion |
|---|---|
| Long-term debt | $6.9 billion |
| Total assets | $30.0 billion |
| Total liabilities | Not reported |
| Shareholders' equity | Not reported |
| Current ratio | 1.0x |
Balance sheet values are as of the end of fiscal 2025. Income statement figures describe a whole year; balance sheet figures describe a single day, so the two answer different questions.
Where These Numbers Come From
Every figure on this page is a value Brown & Brown reported in its own SEC filings, read from the SEC's XBRL data (accession 0001193125-26-046984 for fiscal year 2025). Ratios are computed from those reported values. Figures were retrieved on October 7, 2026; a later amendment or a new annual report can change them, and the filing itself always takes precedence over this summary.
Each fiscal year is labeled by the calendar year in which it ended, so a company that names the same period differently in its own filings (many retailers whose year ends in January) may use another label. A year is left out of the table when the SEC data set holds no value for it. A figure shown as "Not reported" means the company did not file a value under the standard tag Swoopr reads, not that the amount was zero. This page is educational and describes reported history only; it is not a forecast or a recommendation.
Frequently Asked Questions
What was Brown & Brown's revenue in fiscal 2025?
Brown & Brown reported revenue of $5.9 billion for the fiscal year ended December 31, 2025, according to its SEC filings.
What is Brown & Brown's operating margin?
Brown & Brown did not report operating income under the standard tag for fiscal 2025, so Swoopr does not compute an operating margin; the income statement in its 10-K shows how it presents profit.
How much free cash flow did Brown & Brown generate?
Operating cash flow of $1.4 billion less capital expenditures of $68 million gives free cash flow of $1.4 billion for fiscal 2025.