Brown & Brown Q2 2026: revenue up 30.4%, organic revenue slips 0.7%
Brown & Brown's second quarter shows two very different growth stories. Total revenue rose 30.4% to $1.68 billion, but organic revenue actually fell 0.7%, which means essentially all of the increase came from acquisitions rather than from customers buying more. Adjusted earnings per share of $1.07 landed just under the $1.09 consensus estimate, and margins narrowed. The honest read is Neutral: the deal engine is working, the core business is not.
1 · Expected vs. Actual
Free preview belowGAAP diluted earnings per share came in at $0.84, up 7.7% from $0.78, while adjusted diluted earnings per share was $1.07, up 3.9% from $1.03. Against the consensus estimate of $1.0935, the adjusted figure was a small miss. Net income of $288 million did rise 24.7%, but that increase is much slower than the 30.4% revenue increase.
Revenue of $1.68 billion rose 30.4% from $1.29 billion a year earlier, a huge headline number. The catch is that organic revenue decreased 0.7%, and even including contingent commissions organic growth was only 0.7%. In plain terms, Brown & Brown bought this growth rather than sold it.
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Figures on this page come from the company's original SEC filings. The analysis is generated automatically and checked against validation rules, but may still contain errors or omissions. Not investment advice. · Generated 2026-09-17
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