Brown & Brown (BRO) Revenue — Quarter Ended Jun 30, 2023
Revenue increased compared with the same quarter of the prior year. Sequentially, revenue declined from the immediately preceding quarter.
Key takeaway
Quarter ended Jun 30, 2023 · FY2023 Q2
Revenue increased compared with the same quarter of the prior year. Sequentially, revenue declined from the immediately preceding quarter.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$1B
Revenue reported for this quarter.
Quarter-over-quarter
-6.2%
Change from the immediately preceding quarter.
Year-over-year
+24.7%
Change from the comparable year-ago quarter.
Trailing four quarters
$4B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Sep 30, 2022 | $927.6M | +20.4% |
| Dec 31, 2022 | $901M | +22.0% |
| Mar 31, 2023 | $1.1B | +23.4% |
| Jun 30, 2023 | $1B | +24.7% |
Revenue performance
The company reported higher total revenues than in the same period one year earlier, driven by growth in core commissions and fees and profit-sharing contingent commissions.
Quarterly comparison
Compared with the immediately preceding quarter, revenue decreased. Relative to the same quarter in the prior year, revenue was higher.
What to watch
The sequential revenue decline may warrant monitoring, though the year-over-year comparison remains positive.