Brown & Brown Q3 FY2026: revenue up 7.4%, organic growth just 1.2%
Brown & Brown grew third-quarter revenue 7.4% to $1.73 billion, but organic growth of 1.2% and a lower adjusted EBITDAC margin of 34.6% carry the real message: most of the top line came from acquisitions, not existing business. Read the scorecard as a split verdict — solid cash generation and adjusted EPS of $1.07, thinner operating leverage.
1 · Expected vs. Actual
Free preview belowGAAP diluted EPS slipped 1.5% to $0.67 even though net income rose 5.7% to $240 million, because the share count and non-operating charges moved against holders. Adjusted EPS rose 1.9% to $1.07. The $0.40 gap between the two is mostly amortization at $0.25 a share and acquisition/integration costs at $0.09.
Revenue rose to $1.73 billion from $1.61 billion, a $119 million increase. Acquisitions contributed $156 million to core commissions and fees, so organic revenue was only $1.46 billion, up 1.2%. Strip out contingents and the picture is the same: organic revenue with contingents grew 1.5% to $1.54 billion.
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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 2026-10-26
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