BROWN & BROWN, INC. — Financial Data
Annual figures from SEC EDGAR XBRL filings (10-K)
These figures are extracted directly from XBRL-tagged financial statements that BROWN & BROWN, INC. filed with the SEC as part of its annual 10-K reports. XBRL (eXtensible Business Reporting Language) is a structured data format the SEC requires for machine-readable financial disclosures. Values shown are as reported — negative figures indicate a loss and are shown in red.
Revenue
Total revenue from all business activities — the top line of the income statement. Represents all money earned before any expenses are deducted.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $5.90B | Feb 12, 2026 |
| FY2025 | Dec 31, 2024 | $4.81B | Feb 12, 2026 |
| FY2025 | Dec 31, 2023 | $4.26B | Feb 12, 2026 |
| FY2024 | Dec 31, 2022 | $3.57B | Feb 13, 2025 |
| FY2023 | Dec 31, 2021 | $3.05B | Feb 22, 2024 |
| FY2020 | Dec 31, 2020 | $642.11M | Feb 23, 2021 |
| FY2020 | Sep 30, 2020 | $673.96M | Feb 23, 2021 |
| FY2020 | Jun 30, 2020 | $598.81M | Feb 23, 2021 |
| FY2020 | Mar 31, 2020 | $698.50M | Feb 23, 2021 |
| FY2020 | Dec 31, 2019 | $578.99M | Feb 23, 2021 |
Net Income
The bottom-line profit — what remains after all operating expenses, interest, taxes, and other costs are deducted. A negative value means the company reported a net loss for the year.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $1.05B | Feb 12, 2026 |
| FY2025 | Dec 31, 2024 | $993.00M | Feb 12, 2026 |
| FY2025 | Dec 31, 2023 | $871.00M | Feb 12, 2026 |
| FY2024 | Dec 31, 2022 | $672.00M | Feb 13, 2025 |
| FY2023 | Dec 31, 2021 | $587.10M | Feb 22, 2024 |
| FY2020 | Dec 31, 2020 | $97.32M | Feb 23, 2021 |
| FY2020 | Sep 30, 2020 | $133.98M | Feb 23, 2021 |
| FY2020 | Jun 30, 2020 | $96.78M | Feb 23, 2021 |
| FY2020 | Mar 31, 2020 | $152.40M | Feb 23, 2021 |
| FY2020 | Dec 31, 2019 | $76.52M | Feb 23, 2021 |
Operating Cash Flow
Cash generated from core business operations — a more reliable measure of financial health than net income because it strips out non-cash items like depreciation and one-time charges.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $1.45B | Feb 12, 2026 |
| FY2025 | Dec 31, 2024 | $1.17B | Feb 12, 2026 |
| FY2025 | Dec 31, 2023 | $1.01B | Feb 12, 2026 |
| FY2024 | Dec 31, 2022 | $881.00M | Feb 13, 2025 |
| FY2023 | Dec 31, 2021 | $808.80M | Feb 22, 2024 |
| FY2022 | Dec 31, 2020 | $713.00M | Feb 27, 2023 |
| FY2021 | Dec 31, 2019 | $678.18M | Feb 23, 2022 |
| FY2020 | Dec 31, 2018 | $567.53M | Feb 23, 2021 |
| FY2019 | Dec 31, 2017 | $441.98M | Feb 24, 2020 |
| FY2013 | Dec 31, 2013 | $389.37M | Feb 28, 2014 |
Capital Expenditures (Capex)
Cash spent on acquiring or upgrading physical assets — property, equipment, and infrastructure. High capex businesses include manufacturing, telecom, and energy companies.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $68.00M | Feb 12, 2026 |
| FY2025 | Dec 31, 2024 | $82.00M | Feb 12, 2026 |
| FY2025 | Dec 31, 2023 | $69.00M | Feb 12, 2026 |
| FY2024 | Dec 31, 2022 | $52.00M | Feb 13, 2025 |
| FY2023 | Dec 31, 2021 | $45.00M | Feb 22, 2024 |
| FY2022 | Dec 31, 2020 | $70.70M | Feb 27, 2023 |
| FY2021 | Dec 31, 2019 | $73.11M | Feb 23, 2022 |
| FY2020 | Dec 31, 2018 | $41.52M | Feb 23, 2021 |
| FY2019 | Dec 31, 2017 | $24.19M | Feb 24, 2020 |
| FY2018 | Dec 31, 2016 | $17.77M | Feb 26, 2019 |
Total Assets
The total value of everything the company owns or controls — cash, investments, receivables, property, equipment, and intangibles. Reported as of fiscal year end.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $29.99B | Feb 12, 2026 |
| FY2025 | Dec 31, 2024 | $17.61B | Feb 12, 2026 |
| FY2024 | Dec 31, 2023 | $14.88B | Feb 13, 2025 |
| FY2023 | Dec 31, 2022 | $13.97B | Feb 22, 2024 |
| FY2023 | Dec 31, 2021 | $9.80B | Feb 22, 2024 |
| FY2022 | Dec 31, 2020 | $8.97B | Feb 27, 2023 |
| FY2021 | Dec 31, 2019 | $7.62B | Feb 23, 2022 |
| FY2019 | Jan 1, 2019 | $6.86B | Feb 24, 2020 |
| FY2020 | Dec 31, 2018 | $6.69B | Feb 23, 2021 |
| FY2019 | Dec 31, 2017 | $5.75B | Feb 24, 2020 |
Total Liabilities
All financial obligations owed to outside parties — including debt, accounts payable, accrued expenses, and deferred revenue. Subtracting liabilities from total assets gives stockholders' equity.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2019 | Jan 1, 2019 | $3.86B | Feb 24, 2020 |
| FY2019 | Dec 31, 2018 | $3.69B | Feb 24, 2020 |
Stockholders Equity
The net worth attributable to shareholders: total assets minus total liabilities. Also called book value. Can be negative if liabilities exceed assets, which is common in capital-intensive industries.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2023 | Dec 31, 2023 | $5.58B | Feb 22, 2024 |
| FY2023 | Dec 31, 2022 | $4.61B | Feb 22, 2024 |
| FY2023 | Dec 31, 2021 | $4.20B | Feb 22, 2024 |
| FY2023 | Dec 31, 2020 | $3.75B | Feb 22, 2024 |
| FY2022 | Dec 31, 2019 | $3.35B | Feb 27, 2023 |
| FY2021 | Dec 31, 2018 | $3.00B | Feb 23, 2022 |
| FY2020 | Dec 31, 2017 | $2.58B | Feb 23, 2021 |
| FY2019 | Dec 31, 2016 | $2.36B | Feb 24, 2020 |
| FY2018 | Dec 31, 2015 | $2.15B | Feb 26, 2019 |
| FY2017 | Dec 31, 2014 | $2.11B | Feb 28, 2018 |
Goodwill
An intangible asset representing the premium paid above fair value when acquiring another company. A large goodwill balance signals a history of acquisitions at premium prices.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $15.09B | Feb 12, 2026 |
| FY2025 | Dec 31, 2024 | $7.97B | Feb 12, 2026 |
| FY2025 | Dec 31, 2023 | $7.34B | Feb 12, 2026 |
| FY2024 | Dec 31, 2022 | $6.67B | Feb 13, 2025 |
| FY2023 | Dec 31, 2021 | $4.74B | Feb 22, 2024 |
| FY2022 | Dec 31, 2020 | $4.40B | Feb 27, 2023 |
| FY2021 | Dec 31, 2019 | $3.75B | Feb 23, 2022 |
| FY2020 | Dec 31, 2018 | $3.43B | Feb 23, 2021 |
| FY2019 | Dec 31, 2017 | $2.72B | Feb 24, 2020 |
| FY2018 | Dec 31, 2016 | $2.68B | Feb 26, 2019 |
Retained Earnings
Cumulative net income kept by the company rather than distributed as dividends. A growing retained earnings balance indicates consistent profitability; a deficit indicates cumulative losses.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $6.99B | Feb 12, 2026 |
| FY2025 | Dec 31, 2024 | $6.13B | Feb 12, 2026 |
| FY2024 | Dec 31, 2023 | $5.29B | Feb 13, 2025 |
| FY2023 | Dec 31, 2022 | $4.55B | Feb 22, 2024 |
| FY2022 | Dec 31, 2021 | $4.00B | Feb 27, 2023 |
| FY2021 | Dec 31, 2020 | $3.52B | Feb 23, 2022 |
| FY2020 | Dec 31, 2019 | $3.14B | Feb 23, 2021 |
| FY2019 | Dec 31, 2018 | $2.83B | Feb 24, 2020 |
| FY2019 | Jan 1, 2018 | $2.57B | Feb 24, 2020 |
| FY2019 | Dec 31, 2017 | $2.46B | Feb 24, 2020 |
Cash & Equivalents
Highly liquid assets the company holds — cash on hand, bank balances, and short-term investments with maturities of three months or less. A key indicator of short-term financial health.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $1.08B | Feb 12, 2026 |
| FY2025 | Dec 31, 2024 | $675.00M | Feb 12, 2026 |
| FY2025 | Dec 31, 2023 | $700.00M | Feb 12, 2026 |
| FY2024 | Dec 31, 2022 | $650.00M | Feb 13, 2025 |
| FY2023 | Dec 31, 2021 | $693.20M | Feb 22, 2024 |
| FY2022 | Dec 31, 2020 | $656.20M | Feb 27, 2023 |
| FY2021 | Dec 31, 2019 | $542.17M | Feb 23, 2022 |
| FY2020 | Dec 31, 2018 | $438.96M | Feb 23, 2021 |
| FY2019 | Dec 31, 2017 | $573.38M | Feb 24, 2020 |
| FY2018 | Dec 31, 2016 | $515.65M | Feb 26, 2019 |
Long-Term Debt
Debt obligations due more than one year from the balance sheet date — bonds, term loans, and notes payable. High long-term debt relative to equity can signal elevated financial leverage.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $7.61B | Feb 12, 2026 |
| FY2025 | Dec 31, 2024 | $3.82B | Feb 12, 2026 |
| FY2024 | Dec 31, 2023 | $3.80B | Feb 13, 2025 |
| FY2023 | Dec 31, 2022 | $3.94B | Feb 22, 2024 |
| FY2022 | Dec 31, 2021 | $2.02B | Feb 27, 2023 |
| FY2021 | Dec 31, 2020 | $2.10B | Feb 23, 2022 |
| FY2020 | Dec 31, 2019 | $1.56B | Feb 23, 2021 |
| FY2019 | Dec 31, 2018 | $1.51B | Feb 24, 2020 |
| FY2018 | Dec 31, 2017 | $976.14M | Feb 26, 2019 |
| FY2017 | Dec 31, 2016 | $1.07B | Feb 28, 2018 |
EPS (Basic)
Net income divided by the weighted average shares outstanding. Basic EPS does not account for dilutive securities like options or convertible bonds — use diluted EPS for a more conservative view.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | 3 | Feb 12, 2026 |
| FY2025 | Dec 31, 2024 | 3 | Feb 12, 2026 |
| FY2025 | Dec 31, 2023 | 3 | Feb 12, 2026 |
| FY2024 | Dec 31, 2022 | 2 | Feb 13, 2025 |
| FY2023 | Dec 31, 2021 | 2 | Feb 22, 2024 |
| FY2020 | Dec 31, 2020 | 0 | Feb 23, 2021 |
| FY2020 | Sep 30, 2020 | 0 | Feb 23, 2021 |
| FY2020 | Jun 30, 2020 | 0 | Feb 23, 2021 |
| FY2020 | Mar 31, 2020 | 0 | Feb 23, 2021 |
| FY2020 | Dec 31, 2019 | 0 | Feb 23, 2021 |
EPS (Diluted)
Net income divided by the fully diluted share count — including all potential shares from options, warrants, and convertible instruments. The more conservative and widely cited EPS figure.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | 3 | Feb 12, 2026 |
| FY2025 | Dec 31, 2024 | 3 | Feb 12, 2026 |
| FY2025 | Dec 31, 2023 | 3 | Feb 12, 2026 |
| FY2024 | Dec 31, 2022 | 2 | Feb 13, 2025 |
| FY2023 | Dec 31, 2021 | 2 | Feb 22, 2024 |
| FY2020 | Dec 31, 2020 | 0 | Feb 23, 2021 |
| FY2020 | Sep 30, 2020 | 0 | Feb 23, 2021 |
| FY2020 | Jun 30, 2020 | 0 | Feb 23, 2021 |
| FY2020 | Mar 31, 2020 | 0 | Feb 23, 2021 |
| FY2020 | Dec 31, 2019 | 0 | Feb 23, 2021 |
Shares Outstanding
Total common shares issued and held by all shareholders, excluding treasury shares. Combined with market price gives market capitalization.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | 336.00M | Feb 12, 2026 |
| FY2025 | Dec 31, 2024 | 286.00M | Feb 12, 2026 |
| FY2024 | Dec 31, 2023 | 285.00M | Feb 13, 2025 |
| FY2023 | Dec 31, 2022 | 283.20M | Feb 22, 2024 |
| FY2022 | Dec 31, 2021 | 282.50M | Feb 27, 2023 |
| FY2021 | Dec 31, 2020 | 283.00M | Feb 23, 2022 |
| FY2020 | Dec 31, 2019 | 281.66M | Feb 23, 2021 |
| FY2019 | Dec 31, 2018 | 279.58M | Feb 24, 2020 |
| FY2018 | Dec 31, 2017 | 276.21M | Feb 26, 2019 |
| FY2017 | Dec 31, 2016 | 140.10M | Feb 28, 2018 |