Baldwin Q2 adjusted EBITDA beats estimates as revenue rises

Baldwin Insurance group

30/07/2026 21:26

Overview
US insurance distributor's Q2 revenue rose 30%, slightly beating analyst expectations
Adjusted EPS for Q2 grew 14% and beat analyst expectations
Adjusted EBITDA for Q2 rose 37%, beating analyst expectations

Outlook
Company did not provide specific financial guidance for the current quarter or full year

Result Drivers
ACQUISITIONS - Most revenue growth driven by recent partnerships and acquisitions
ORGANIC GROWTH SLOWDOWN - Organic revenue growth was 2% year-over-year, indicating limited underlying business expansion
COST PRESSURES - Higher operating expenses, including compensation, amortization, and integration costs, contributed to net loss

Company press release: ID:nBw7RbCh8a

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Slight Beat*
$492.94 mln
$492.43 mln (7 Analysts)
Q2 Adjusted EPS
Beat
$0.48
$0.47 (11 Analysts)
Q2 Loss Per Share
 
$0.42
 
Q2 Adjusted Net Income
Beat
$68.50 mln
$67.71 mln (5 Analysts)
Q2 Net Loss
 
$55.98 mln
 
Q2 Adjusted EBITDA
Beat
$116.70 mln
$112.80 mln (6 Analysts)
Q2 Adjusted EBITDA Margin
 
24.00%
 
Q2 Operating income
 
-$8.34 mln
 
*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy", 4 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the multiline insurance & brokers peer group is "buy"
Wall Street's median 12-month price target for Baldwin Insurance Group, Inc is $30.00, about 6.3% above its July 29 closing price of $28.22
The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 10 three months ago

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July 29 - Aon quarterly profit jumps on commercial risk management strength

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)