EarningsQ2 2026 Earnings Report
MX:BRO Q2 2026 EPS Results
Actual EPS$18.53
Consensus EPS$18.74
Beat/MissMissed by -$0.21
One Year Ago EPS$17.84
MX:BRO Q2 2026 Revenue Results
Actual Revenue$29.03B
Expected Revenue$29.69B
Beat/MissMissed by -$660.77M
YoY Revenue Growth+30.43%
Earnings Announcement Details
QuarterQ2 2026
Date07/27/2026
TimeAfter Close
Conference CallMonday, July 27, 2026
MX:BRO Upcoming Earnings
Brown & Brown's next earnings date is estimated for November 2, 2026, based on past reporting schedules.
Q2 2026 Earnings Call Audio
MX:BRO Q2 2026 Earnings Call
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Q2 2026 Earnings Slide Deck
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Neutral
Balanced quarter: strong consolidated revenue growth (30.4% YoY) driven largely by the Accession acquisition and robust contingent commissions, healthy EPS growth, strong cash generation and active capital return; however, underlying organic growth showed softness (down ~70 bps), specialty segment faced margin pressure and timing headwinds (delayed program revenue), CAT property pricing remains a material headwind, and there are one-time Accession-related cash impacts plus litigation-related revenue estimates of $50–$60 million for the year. Management reiterated synergy targets, provided H2 organic growth ranges (retail 1.5%–2.5% excl. contingents; specialty 2%–4% excl. contingents), and emphasized AI/technology partnerships as a long-term enabler, but near-term margin and organic growth risks keep the tone balanced.Company Guidance
Record total revenue (quarter)
Total revenues of $1.7 billion in Q2 2026, up 30.4% year-over-year, driven primarily by the Accession acquisition and higher contingent commissions.
Accession acquisition contribution
Recognized approximately $410 million of revenue from Accession in the quarter; contingent commissions grew by an incremental $40 million (with $24 million attributed to Accession).
EPS and profitability performance
Adjusted (diluted) net income per share grew ~3.9% to $1.07; consolidated EBITDAC grew 27% year-to-date, and management reaffirmed margin guidance for 2026.
Retail segment strength
Retail total revenues grew 35.9% (YoY) driven by acquisitions and organic momentum; retail organic growth including contingents +2.5% (excluding contingents +1.5%); retail EBITDAC margin expanded ~230 basis points YoY.
Contingent commission performance
Contingent commissions were notably strong across the business (a $40 million increase quarter-over-quarter), boosting reported organic growth when included in metrics.
Cash generation and capital returns
Generated approximately $610 million of cash flow from operations for the first half (up $70 million or ~13% YoY); deployed $500 million to share repurchases during the period and repurchased ~9 million shares over the last nine months; dividends per share increased 10% YoY.
Synergies and M&A / strategic priorities
Management reaffirmed $30–$40 million of expected synergies for the year from integrations and emphasized disciplined capital allocation: hiring for organic growth, share repurchases, debt paydown and selective strategic M&A.
AI and technology partnerships
Announced partnerships with McKinsey, Accenture and Anthropic to accelerate AI & analytics initiatives; management expects AI to enable faster cycle times, higher productivity and incremental organic growth and margin expansion over time with no immediate incremental technology spend called out.
MX:BRO Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed