Brown & Brown
Income Statement
Last updated:
Income statement is a financial statement that shows how profitable a business was over a given reporting period presenting its revenue, expenses or net income. Brown & Brown's past years’ income statements indicate that its last revenue has increased compared to the previous period by 18% to $4,204,700,000. The net income raised on $870,500,000 and profit margin reached 21%. Total operating expenses were $2,012,800,000.
Profit Margin
| 2014 | 1.56B | 207M | 13.21% |
|---|---|---|---|
| 2015 | 1.65B | 243.6M | 14.7% |
| 2016 | 1.76B | 257.5M | 14.61% |
| 2017 | 1.85B | 399.6M | 21.52% |
| 2018 | 2.00B | 344.3M | 17.13% |
| 2019 | 2.38B | 398.5M | 16.71% |
| 2020 | 2.60B | 480.5M | 18.44% |
| 2021 | 3.04B | 587.1M | 19.26% |
| 2022 | 3.57B | 671.8M | 18.8% |
| 2023 | 4.20B | 870.5M | 20.7% |
BRO Income Statement (2014 – 2023)
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||
Revenue | 4.20B | 3.57B | 3.04B | 2.60B | 2.38B | 2.00B | 1.85B | 1.76B | 1.65B | 1.56B |
Cost of revenue | 2.18B | 1.81B | 1.63B | 1.43B | 1.30B | 1.06B | 994.7M | 925.1M | 841.4M | 791.7M |
Gross profit | 2.01B | 1.75B | 1.41B | 1.16B | 1.07B | 941M | 862.6M | 837.7M | 815.6M | 775.8M |
Operating exp. | ||||||||||
Research and development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Selling and marketing | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Total operating expenses | 2.01B | 782.6M | 555.9M | 500.8M | 505.8M | 441.4M | 391.6M | 370.6M | 374.8M | 358.4M |
Operating income | 0 | 973.9M | 857.5M | 673.4M | 572.4M | 499.44M | 471.00M | 467.03M | 440.63M | 417.18M |
Other income (expenses), net | 1.14B | -97.8M | -94.7M | -49.3M | -46.5M | 3.5M | -21.28M | -4.1M | -38.07M | -77.43M |
Income before tax | 1.14B | 876.1M | 762.8M | 624.1M | 525.9M | 462.5M | 449.7M | 423.5M | 402.8M | 339.9M |
Income tax expense | 275.6M | 204.3M | 175.7M | 143.6M | 127.4M | 118.2M | 50.1M | 166M | 159.2M | 132.9M |
Net income | 870.5M | 671.8M | 587.1M | 480.5M | 398.5M | 344.3M | 399.6M | 257.5M | 243.6M | 207M |
Earnings per share | ||||||||||
Basic EPS | 3.07 | 2.38 | 2.08 | 1.7 | 1.42 | 1.27 | 1.43 | 0.92 | 0.86 | 0.72 |
Diluted EPS | 3.05 | 2.37 | 2.07 | 1.69 | 1.4 | 1.25 | 1.41 | 0.91 | 0.85 | 0.71 |
| Data source | Data source | Data source | Data source | Data source | Data source | Data source | Data source | Data source | Data source |