Abstract

Brown & Brown will release its quarterly results on January 26, 2026 Post Market, with investors focused on revenue, margins, and adjusted EPS momentum into the new year.

Market Forecast

Consensus tracking points to Brown & Brown’s current-quarter revenue estimate at USD 1.65 billion, with EBIT forecast at USD 405.44 million and adjusted EPS at USD 0.90; year-over-year growth rates implied by the finance dataset are 47.00% for revenue, 28.09% for EBIT, and 17.23% for EPS. The market is expecting resilient margin performance supported by operating leverage, though the company has not provided explicit gross margin or net margin guidance for the quarter. In the main business, the outlook highlights continued demand across Retail and Professional placement services with cross-selling tailwinds; the most promising segment appears to be Retail, with last quarter revenue at USD 883.00 million and breadth across middle-market accounts enabling expansion opportunities year over year.

Last Quarter Review

Brown & Brown reported last quarter revenue of USD 1.61 billion, gross profit margin of 48.84%, GAAP net profit attributable to the parent company of USD 227.00 million, net profit margin of 14.65%, and adjusted EPS of USD 1.05, with adjusted EPS rising 15.38% year over year. A notable highlight was resilient profitability as net profit margin held at 14.65% despite a quarter-on-quarter net profit moderation of -1.73%. Main business highlights show Retail revenue of USD 883.00 million, Professional placement services revenue of USD 681.00 million, and Other revenue of USD 42.00 million, with Retail leading segment contribution and continuing to expand on a year-over-year basis.

Current Quarter Outlook

Main Business: Retail Brokerage

Retail brokerage remains central to Brown & Brown’s quarterly narrative. The revenue base of USD 883.00 million last quarter underscores the breadth of client relationships across commercial lines and benefits, where premium rate increases and exposure growth often translate to fee and commission momentum. For the current quarter, the expected revenue growth of 47.00% for the total company sets a supportive backdrop, and Retail’s diversified mix should benefit from renewal retention and selective new business wins. Margin resilience will hinge on disciplined expense control and integration benefits from recent tuck-in acquisitions, which historically drive incremental cross-sell and local market density.

Most Promising Segment: Retail Growth Vectors

The most promising contributions in the near term are likely to come from the Retail segment given its scale and recurring revenue characteristics. With last quarter’s USD 883.00 million revenue base, Retail is well positioned to deliver incremental year-over-year growth through exposure increases in property and casualty lines and ongoing demand in employee benefits consulting. The forecasted EBIT growth of 28.09% and EPS growth of 17.23% imply operating leverage that can be realized if policy retention remains stable and sales productivity sustains. Price-driven premium lifts in select lines may translate into commission growth, while ongoing investments in digital tools and analytics can support producer effectiveness and drive improved conversion rates.

Factors Most Impacting the Stock Price This Quarter

Three factors are likely to shape the share price reaction around the print. First, the degree to which adjusted EPS meets or exceeds the USD 0.90 estimate will be a key determinant of investor sentiment, especially given the prior quarter’s USD 1.05 actual and a double-digit year-over-year growth profile. Second, margins will be scrutinized, with investors looking for stability around a gross profit margin comparable to last quarter’s 48.84% and a net profit margin that aligns with historical levels near 14.65%; deviations may prompt reassessment of cost discipline and revenue mix. Third, segment performance commentary—particularly Retail growth cadence, professional placement activity, and acquisition integration progress—will serve as a signal for sustained revenue expansion and the durability of the EBIT uplift implied by forecasts.

Analyst Opinions

Across institutional commentary gathered within the recent window, the prevailing view skews bullish, focusing on consistent execution and earnings momentum into the new quarter. Analysts highlighting Brown & Brown’s forecast profile emphasize the supportive setup from double-digit year-over-year growth in revenue and EBIT, with confidence in adjusted EPS delivery around USD 0.90. The constructive stance points to continued operating leverage from a scaled retail franchise and disciplined acquisition integration, with expectations that margin performance can remain healthy despite mixed macro signals. As a result, the majority opinion anticipates a favorable reception if headline metrics track the estimates and segment narratives confirm durable growth drivers.