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Where the tokens are
Standardised from the company’s filings, newest period first, labelled with the company’s own fiscal calendar. A line the company does not report is left off rather than shown as zero; margins and free cash flow are worked out here, and only where every input is present.
| Line item | Q2 FY272026-06-30 | Q1 FY272026-03-31 | Q4 FY262025-12-31 | Q3 FY262025-09-30 | Q2 FY262025-06-30 | Q1 FY262025-03-31 | Q4 FY252024-12-31 | Q3 FY252024-09-30 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.65B | $1.88B | $1.58B | $1.55B | $1.25B | $1.39B | $1.16B | $1.16B |
| Gross profit | $1.65B | $1.88B | $1.58B | $1.55B | $1.25B | $1.39B | $1.16B | $1.16B |
| Gross margin | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% |
| Selling, general and administrative | $838.00M | $907.00M | $819.00M | $793.00M | $640.00M | $683.00M | $583.00M | $607.00M |
| Operating expenses | $1.24B | $1.33B | $1.24B | $1.18B | $912.00M | $929.00M | $852.00M | $828.00M |
| Operating income | $417.00M | $546.00M | $340.00M | $374.00M | $337.00M | $456.00M | $308.00M | $327.00M |
| Operating margin | 25.2% | 29.0% | 21.5% | 24.1% | 27.0% | 32.9% | 26.6% | 28.3% |
| EBITDA | $435.00M | $563.00M | $358.00M | $388.00M | $349.00M | $467.00M | $319.00M | $339.00M |
| Interest income | $22.00M | $21.00M | $27.00M | $56.00M | $36.00M | $19.00M | $23.00M | $31.00M |
| Interest expense | −$100.00M | −$99.00M | −$100.00M | −$100.00M | −$51.00M | −$46.00M | −$46.00M | −$50.00M |
| Income before taxes | $383.00M | $533.00M | $321.00M | $311.00M | $311.00M | $427.00M | $275.00M | $317.00M |
| Income taxes | $94.00M | $106.00M | $53.00M | $82.00M | $77.00M | $93.00M | $64.00M | $78.00M |
| Net income | $289.00M | $427.00M | $268.00M | $229.00M | $234.00M | $334.00M | $211.00M | $239.00M |
| Net margin | 17.5% | 22.7% | 17.0% | 14.8% | 18.7% | 24.1% | 18.2% | 20.7% |
| EPS, basic | $0.86 | $1.27 | $0.78 | $0.68 | $0.79 | $1.16 | $0.73 | $0.82 |
| EPS, diluted | $0.84 | $1.06 | $0.76 | $0.68 | $0.78 | $1.15 | $0.72 | $0.81 |
| Diluted shares | 334.00M | 337.00M | 342.00M | 332.00M | 293.00M | 285.00M | 286.00M | 284.00M |
Figures describe Brown & Brown shares, not any token. As of Jul 27, 2026, from Massive's standardised financials. The company reports these figures; a token's issuer holds the shares and reports nothing of its own here.