Brown & Brown Q2 2026: Revenue Surges 30% on Acquisitions, Organic Growth Flat

summarizeSummary

Brown & Brown reported Q2 2026 revenue of $1.7 billion, a 30.4% increase driven by acquisitions, but organic revenue declined 0.7%. Adjusted EPS of $1.07 rose 3.9%, while the company repurchased $500 million in shares.

check_boxKey Events · Earnings and Guidance · BRO

• Revenue Jumps 30% on M&A

  Total revenues reached $1.7 billion, up $391 million year-over-year, entirely from acquisitions. Organic revenue declined 0.7%, or rose 0.7% including contingent commissions.

• Adjusted EPS Beats, GAAP Lags

  Diluted net income per share was $0.84, up 7.7%, but adjusted EPS of $1.07 rose only 3.9%. The gap reflects $0.25 per share in amortization and $0.07 in acquisition costs.

• $500M Share Buyback

  The company repurchased $500 million of its own stock during the first six months of 2026, reducing the share count and returning capital to shareholders.

• Organic Growth Stalls

  Core organic revenue fell 0.7%, the second consecutive quarter of decline, raising questions about the underlying business momentum absent deal contributions.

auto_awesomeAnalysis · BRO · Finance

Brown & Brown delivered a strong headline revenue number, up 30.4% to $1.7 billion, driven entirely by acquisitions. Organic revenue actually declined 0.7%, signaling that the core business is treading water. Adjusted earnings per share of $1.07 beat expectations modestly, but the GAAP figure of $0.84 reflects significant amortization and integration costs from the Accession deal. The company also bought back $500 million in stock during the first half, a notable return of capital that offsets some dilution from the acquisition. The flat organic growth is the key watchpoint — it raises the stakes for the AI transformation initiative announced last week.