Monitor the organic revenue trajectory closely—the 0.7% decline signals underlying business headwinds despite headline growth from M&A. The $500M buyback provides a floor but does not offset organic weakness. Watch for commentary on the Accession integration and organic growth recovery in the H2 2026 earnings call.
Price Chart
Executive Summary
Brown & Brown reported Q2 2026 total revenues of $1.7B (+30.4% YoY) and diluted adjusted EPS of $1.07 (+3.9% YoY), matching consensus. However, organic revenue declined 0.7% YoY, and margins compressed slightly, signaling growth is acquisition-driven rather than organic. The stock may see a muted reaction given the in-line headline numbers offset by the organic revenue decline.
Key Financial Metrics
Key Facts
- Total revenues of $1.7B, up 30.4% YoY, driven by acquisitions.
- Organic Revenue decreased 0.7% YoY; Organic Revenue with Contingents increased 0.7%.
- Diluted net income per share (GAAP) of $0.84, up 7.7% YoY.
- Diluted Net Income Per Share - Adjusted of $1.07, up 3.9% YoY, matching consensus of $1.07.
- Income Before Income Taxes Margin declined to 22.9% from 24.2% YoY.
- EBITDAC Margin - Adjusted declined to 35.7% from 36.7% YoY.
- Net income attributable to the Company of $288M, up 24.7% YoY.
- Company repurchased $500M of treasury stock in H1 2026.
Financial Impact
Q2 total revenues $1.676B vs $1.285B prior year; adjusted EPS $1.07 vs $1.03 prior year; organic revenue declined 0.7%
Risk Factors
- Organic revenue decline may persist if market conditions or competition intensify.
- Integration risks from the pending Accession acquisition could pressure margins further.
- Higher interest expense ($100M in Q2 vs $51M prior year) may continue to weigh on net income.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3333913 |
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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