Brown & Brown reports Q3 growth as organic expansion and margins weaken
+1 new source since this summary was written
Brown & Brown reported third-quarter 2026 results on October 26 for the period ended September 30, with revenue of $1.725 billion, up 7.4% year over year. Organic revenue grew 1.2%, while diluted net income per share was $0.67 and adjusted diluted net income per share was $1.07. Net income rose 5.7% to $240 million, and the company lifted its Accession synergy targets to $50 million for 2026 and $175 million by 2028.
Why it matters
The results show acquisition-led revenue growth alongside modest organic expansion and lower profitability measures, increasing the importance of Accession integration benefits to the growth outlook. Brown & Brown expects 2027 growth of 2%-4% for Retail and 1%-3% for Specialty Distribution.
Key facts
- 1Third-quarter revenue was $1.7 billion, an increase of 7.4% from the prior-year quarter, while organic revenue grew 1.2% and organic revenue with contingents grew 1.5%. stocktitan.net
- 2Third-quarter diluted net income per share was $0.67, down 1.5%, while adjusted diluted net income per share rose 1.9% to $1.07. stocktitan.net
- 3Third-quarter net income attributable to Brown & Brown was $240 million, up 5.7% year over year. stocktitan.net
- 4Brown & Brown raised its estimated Accession EBITDAC synergies to approximately $50 million in 2026 and its end-of-2028 run-rate synergy target to $175 million. investing.com
- 5The company repurchased $750 million of its shares through the first nine months of 2026, including $250 million in the third quarter. finance.yahoo.com
- 6Brown & Brown's board increased the dividend by 9%, marking the 33rd consecutive year of increases. finance.yahoo.com
Open questions
- describes $1.07 as GAAP EPS, while reports $0.67 as diluted net income per share and $1.07 as adjusted diluted net income per share, leaving the basis in inconsistent with the company-reported figures.
- The dividend increase is reported as 10% in and 9% in.
Summary written by AlphAI AI Desk from 16 of 16 sources. Not investment advice. Figures are as stated by the linked sources.