BRO
Income statement / Annual
Last year (2023), Brown & Brown, Inc.'s total revenue was $4.20 B,
an increase of 17.67% from the previous year.
In 2023, Brown & Brown, Inc.'s net income was $870.50 M.
See Brown & Brown, Inc.’s key income statements, including revenue, expenses, profit, and income.
| Period |
FY-2023
|
FY-2022
|
FY-2021
|
FY-2020
|
FY-2019
|
FY-2018
|
FY-2017
|
FY-2016
|
FY-2015
|
FY-2014
|
| Period Ended |
12/31/2023 |
12/31/2022 |
12/31/2021 |
12/31/2020 |
12/31/2019 |
12/31/2018 |
12/31/2017 |
12/31/2016 |
12/31/2015 |
12/31/2014 |
| Operating Revenue |
$4.20 B
|
$3.57 B
|
$3.05 B
|
$2.61 B
|
$2.38 B
|
$2.01 B
|
$1.86 B
|
$1.76 B
|
$1.66 B
|
$1.57 B
|
| Cost of Revenue |
$2.19 B |
$1.82 B |
$1.64 B |
$1.44 B |
$1.31 B |
$1.07 B |
$994.70 M |
$925.10 M |
$841.40 M |
$791.70 M |
| Gross Profit |
$2.02 B |
$1.76 B |
$1.41 B |
$1.17 B |
$1.08 B |
$941.00 M |
$862.60 M |
$837.70 M |
$815.60 M |
$775.80 M |
| Gross Profit Ratio |
0.48 |
0.49 |
0.46 |
0.45 |
0.45 |
0.47 |
0.46 |
0.48 |
0.49 |
0.49 |
| Research and Development
Expenses |
$0.00
|
$0.25
|
$0.25
|
$0.24
|
$0.22
|
$0.23
|
$0.24
|
$0.24
|
$0.00
|
$0.00
|
| General & Administrative
Expenses |
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$15.50 M
|
$19.30 M
|
| Selling & Marketing
Expenses |
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
| Selling, General &
Administrative Expenses |
$2.01 B
|
$0.18
|
$0.19
|
$0.18
|
$0.16
|
$0.17
|
$0.21
|
$0.14
|
$15.50 M
|
$19.30 M
|
| Other Expenses |
$0.00 |
$782.60 M |
$555.90 M |
$500.80 M |
$505.80 M |
$1.60 M |
$22.40 M |
$2.40 M |
$2.60 M |
$7.60 M |
| Operating Expenses |
$2.01 B |
$782.60 M |
$555.90 M |
$500.80 M |
$505.80 M |
$441.40 M |
$391.60 M |
$370.60 M |
$374.80 M |
$358.40 M |
| Cost And Expenses |
$4.20 B |
$2.60 B |
$2.19 B |
$1.94 B |
$1.81 B |
$1.51 B |
$1.39 B |
$1.30 B |
$1.22 B |
$1.15 B |
| Interest Income |
$0.00 |
$134.70 M |
$63.90 M |
$56.20 M |
$57.88 M |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
| Interest Expense |
$197.70 M |
$141.20 M |
$65.00 M |
$59.00 M |
$63.70 M |
$40.60 M |
$38.30 M |
$39.50 M |
$39.20 M |
$28.40 M |
| Depreciation &
Amortization |
$206.00 M
|
$2.53 B
|
$2.12 B
|
$1.94 B
|
$1.81 B
|
$1.51 B
|
$1.39 B
|
$1.30 B
|
$108.30 M
|
$103.80 M
|
| EBITDA |
$1.47 B
|
$1.16 B
|
$1.01 B
|
$808.20 M
|
$701.14 M
|
$608.83 M
|
$579.15 M
|
$574.70 M
|
$548.94 M
|
$521.02 M
|
| EBITDA Ratio |
0.35 |
0.32 |
0.33 |
0.31 |
0.29 |
0.3 |
0.32 |
0.33 |
0.33 |
0.34 |
| Operating Income Ratio
|
0
|
0.27
|
0.28
|
0.26
|
0.24
|
0.25
|
0.25
|
0.26
|
0.27
|
0.27
|
| Total Other
Income/Expenses Net |
$1.15 B
|
-$102.50 M
|
-$94.70 M
|
-$49.30 M
|
-$46.49 M
|
-$36.99 M
|
-$21.28 M
|
-$43.53 M
|
-$38.07 M
|
-$77.44 M
|
| Income Before Tax |
$1.15 B |
$876.10 M |
$762.80 M |
$624.10 M |
$525.90 M |
$462.50 M |
$449.70 M |
$423.50 M |
$402.80 M |
$339.90 M |
| Income Before Tax Ratio
|
0.27
|
0.25
|
0.25
|
0.24
|
0.22
|
0.23
|
0.24
|
0.24
|
0.24
|
0.22
|
| Income Tax Expense |
$275.60 M |
$204.30 M |
$175.70 M |
$143.60 M |
$127.40 M |
$118.20 M |
$50.10 M |
$166.00 M |
$159.20 M |
$132.90 M |
| Net Income |
$870.50 M |
$671.80 M |
$587.10 M |
$480.50 M |
$398.50 M |
$344.30 M |
$399.60 M |
$257.50 M |
$243.60 M |
$207.00 M |
| Net Income Ratio |
0.21 |
0.19 |
0.19 |
0.18 |
0.17 |
0.17 |
0.22 |
0.15 |
0.15 |
0.13 |
| EPS |
3.07 |
2.38 |
2.08 |
1.7 |
1.42 |
1.27 |
1.43 |
0.92 |
0.86 |
0.72 |
| EPS Diluted |
3.05 |
2.37 |
2.07 |
1.69 |
1.4 |
1.25 |
1.41 |
0.91 |
0.85 |
0.71 |
| Weighted Average Shares
Out |
$279.60 M
|
$277.50 M
|
$276.02 M
|
$274.33 M
|
$272.47 M
|
$270.99 M
|
$272.58 M
|
$272.28 M
|
$275.62 M
|
$281.89 M
|
| Weighted Average Shares
Out Diluted |
$280.80 M
|
$278.60 M
|
$277.41 M
|
$275.87 M
|
$274.62 M
|
$275.54 M
|
$277.59 M
|
$275.61 M
|
$280.22 M
|
$285.78 M
|
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