Brown & Brown Reports Strong Q4 Total Revenue Growth Driven by Acquisitions, Mixed Organic Revenue and EPS

summarizeSummary

Brown & Brown reported Q4 2025 total revenues of $1.6 billion, up 35.7%, but organic revenue decreased 2.8%. Full-year total revenues rose 22.8% to $5.9 billion, with adjusted diluted EPS increasing 10.9% to $4.26.

check_boxKey Events

• Strong Total Revenue Growth

  For the fourth quarter of 2025, total revenues increased by $423 million, or 35.7%, to $1.6 billion, largely driven by acquisitions.

• Q4 Organic Revenue Decline

  Despite overall revenue growth, organic revenue for the fourth quarter decreased by 2.8%.

• Adjusted EPS Growth

  Diluted Net Income Per Share - Adjusted increased 8.1% to $0.93 in Q4 and 10.9% to $4.26 for the full year 2025.

• Impact of Accession Acquisition

  The CEO highlighted the acquisition of Accession as a key driver of the company's strong revenue growth in 2025.

auto_awesomeAnalysis

Brown & Brown, Inc. announced its fourth quarter and full year 2025 financial results, showcasing robust total revenue growth primarily fueled by acquisitions, notably Accession. While total revenues for Q4 increased significantly by 35.7% to $1.6 billion, organic revenue for the quarter experienced a decline of 2.8%. For the full year, total revenues grew 22.8% to $5.9 billion, with organic revenue increasing 2.8%. Diluted net income per share (GAAP) decreased for both the quarter and full year, but adjusted diluted net income per share showed positive growth, increasing 8.1% in Q4 to $0.93 and 10.9% for the full year to $4.26. The mixed performance, particularly the Q4 organic revenue decline, could be a point of focus for investors, despite the overall strong top-line growth driven by strategic acquisitions.