Brown & Brown (BRO) Revenue — Quarter Ended Jun 30, 2024
Revenue for the quarter increased compared to the same quarter one year earlier. However, it declined from the immediately preceding quarter.
Key takeaway
Quarter ended Jun 30, 2024 · FY2024 Q2
Revenue for the quarter increased compared to the same quarter one year earlier. However, it declined from the immediately preceding quarter.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$1.2B
Revenue reported for this quarter.
Quarter-over-quarter
-6.4%
Change from the immediately preceding quarter.
Year-over-year
+12.5%
Change from the comparable year-ago quarter.
Trailing four quarters
$4.5B
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, 2023 | $1.1B | +15.1% |
| Dec 31, 2023 | $1B | +13.9% |
| Mar 31, 2024 | $1.3B | +12.7% |
| Jun 30, 2024 | $1.2B | +12.5% |
Revenue performance
The reported revenue direction was upward year over year, driven by growth in core commissions and fees as well as higher profit-sharing contingent commissions and investment income.
Quarterly comparison
Compared to the immediately preceding quarter, revenue decreased. Compared to the same quarter one year earlier, revenue rose.
What to watch
The sequential revenue decline warrants attention given the prior quarter's growth trend.