The flat organic revenue is the key concern after a prior quarter of -2.8% organic decline. Monitor management commentary on the April 28 call for organic growth drivers and any guidance on Accession integration. The EPS beat provides modest support, but sustained organic deceleration could pressure the stock.
Price Chart
Executive Summary
Brown & Brown reported Q1 2026 total revenue of $1.901B (+35.4% YoY, driven by the Accession acquisition) and adjusted diluted EPS of $1.39, beating the $1.36 consensus by 2.2%. However, organic revenue was flat (0.0% growth) and GAAP diluted EPS declined 7.8% to $1.06 due to higher amortization and share count. The mixed results—strong total growth and adjusted EPS beat offset by organic stagnation and GAAP decline—suggest limited near-term momentum.
Key Financial Metrics
Key Facts
- Total revenues of $1.901B, +35.4% YoY versus $1.404B in Q1 2025
- Organic revenue flat at $1.348B (0.0% growth); Organic Revenue with Contingents up 2.2%
- Adjusted diluted EPS of $1.39, beating consensus of $1.36 by 2.2%
- GAAP diluted EPS of $1.06, down 7.8% YoY from $1.15
- Net income attributable to Company $426M, up 28.7% YoY
- Quarterly dividend declared $0.165/share, unchanged
- EBITDAC-Adjusted margin improved to 38.5% from 38.1%
Financial Impact
Adjusted EPS beat consensus by ~$0.03; organic revenue growth stalled at 0% vs 2.8% organic growth for full year 2025
Risk Factors
- Organic revenue growth has stalled, signaling potential market share loss or cyclical headwinds
- GAAP diluted EPS declining for multiple quarters due to high amortization from acquisitions
- Integration risks from the large Accession acquisition (total consideration ~$7.5B)
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001193125-26-182375 |
| Document: bro-20260427.htm | 0001193125-26-182375 |
| Document: 0001193125-26-182375-index-headers.html | 0001193125-26-182375 |
| Document: 0001193125-26-182375-index.html | 0001193125-26-182375 |
| Document: 0001193125-26-182375.txt | 0001193125-26-182375 |
| 8-K Data (Synthetic) | 0001193125-26-182375 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 10, 2026 22d ago | 8-K | $66.33 $65.12 | ▼ −1.82% | ▼ −1.33% | $59.91 (−9.68%) |
Aug 21, 2026 6w ago | Institutional Cluster | $72.92 $73.31 | ▲ +0.53% | ▲ +0.06% | $59.91 (−17.84%) |
Aug 10, 2026 7w ago | 8-K | $71.60 $68.83 | ▼ −3.88% | ▼ −3.83% | $59.91 (−16.33%) |
Jul 29, 2026 9w ago | ANALYST-DOWNGRADE | $74.87 $70.95 | ▼ −5.24% | ▼ −10.76% | $59.91 (−19.98%) |
Jul 27, 2026 9w ago | 8-K | $73.65 $71.78 | ▼ −2.54% | ▼ −4.81% | $59.91 (−18.66%) |
Jul 27, 2026 9w ago | Press Release | $73.65 $71.78 | ▼ −2.54% | ▼ −4.81% | $59.91 (−18.66%) |
Jul 6, 2026 12w ago | ANALYST-DOWNGRADE | $68.43 $67.66 | ▼ −1.13% | ▼ −1.61% | $59.91 (−12.45%) |
Jul 1, 2026 13w ago | Press Release | $67.36 $69.27 | ▲ +2.84% | ▲ +2.57% | $59.91 (−11.06%) |
Jun 14, 2026 15w ago | Institutional Cluster | $59.28 $58.24 | ▼ −1.75% | ▼ −0.37% | $59.91 (+1.06%) |
Jun 5, 2026 16w ago | 8-K | $58.00 $59.28 | ▲ +2.21% | ▲ +0.10% | $59.91 (+3.29%) |
US Market Status
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