Brown & Brown cash flow statement
In fiscal 2026, Brown & Brown's operations generated $1.45bn of cash; it spent $68.0m on capital projects, leaving free cash flow of $1.38bn. It returned $193m in dividends and $100m through buybacks.
Cash flow statement
| Fiscal year | 2010Dec 2009 | 2011Dec 2010 | 2012Dec 2011 | 2013Dec 2012 | 2014Dec 2013 | 2015Dec 2014 | 2016Dec 2015 | 2017Dec 2016 | 2018Dec 2017 | 2019Dec 2018 | 2020Dec 2019 | 2021Dec 2020 | 2022Dec 2021 | 2023Dec 2022 | 2024Dec 2023 | 2025Dec 2024 | 2026Dec 2025 | LTMSept 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | 222 | 296 | 238 | 220 | 389 | 385 | 382 | 411 | 442 | 568 | 678 | 713 | 809 | 881 | 1,010 | 1,174 | 1,450 | 1,584 |
| Depreciation and amortisation | 13 | 13 | 12 | 15 | 17 | 21 | 21 | 21 | 23 | 23 | 23 | 26 | 33 | 39 | 40 | 44 | 55 | 71 |
| Stock-based pay | 7 | 7 | 11 | 16 | 23 | 19 | 16 | 16 | 31 | 34 | 47 | 60 | 61 | 66 | 89 | 101 | 93 | 89 |
| Capital spending | 11 | 10 | 14 | 24 | 16 | 25 | 18 | 18 | 24 | 42 | 73 | 71 | 45 | 52 | 69 | 82 | 68 | 97 |
| Free cash flow | 210 | 286 | 224 | 196 | 373 | 360 | 363 | 393 | 418 | 526 | 605 | 642 | 764 | 829 | 941 | 1,092 | 1,382 | 1,487 |
| Free cash flow after stock pay | 203 | 279 | 213 | 180 | 350 | 341 | 348 | 377 | 387 | 492 | 558 | 583 | 703 | 763 | 852 | 991 | 1,289 | 1,398 |
| Dividends paid | 43 | 44 | 46 | 50 | 54 | 59 | 64 | 70 | 78 | 85 | 91 | 101 | 107 | 120 | 135 | 154 | 193 | 225 |
| Share buybacks | — | — | — | — | 0 | 75 | 164 | 19 | 129 | 91 | 59 | 55 | 83 | 74 | 0 | 0 | 100 | 850 |
| Shares issued | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 0 | 0 | 4,315 | — |
| Quarter | 2025 Q4Dec 2024 | 2026 Q1Mar 2025 | 2026 Q2Jun 2025 | 2026 Q3Sept 2025 | 2026 Q4Dec 2025 | 2027 Q1Mar 2026 | 2027 Q2Jun 2026 | 2027 Q3Sept 2026 |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | 361 | 213 | 325 | 468 | 444 | 262 | 346 | 532 |
| Depreciation and amortisation | 11 | 11 | 11 | 14 | 18 | 17 | 18 | 18 |
| Stock-based pay | 24 | 29 | 23 | 24 | 17 | 26 | 23 | 23 |
| Capital spending | 20 | 17 | 15 | 16 | 20 | 21 | 17 | 39 |
| Free cash flow | 341 | 196 | 310 | 452 | 424 | 241 | 329 | 493 |
| Free cash flow after stock pay | 317 | 167 | 287 | 428 | 407 | 215 | 306 | 470 |
| Shares issued | — | — | — | 0 | 0 | — | — | 0 |
Compare with peers
- Willis Towers Watson cash flow
- Erie Indemnity cash flow
- Ryan Specialty Holdings, Inc. cash flow
- Arthur J. Gallagher & Co. cash flow
- Aon plc cash flow
Head to head: BRO vs WTWBRO vs ERIEBRO vs RYAN
More: Insurance Brokers stocks compared, Financials sector, rankings of US companies