Jun 2026 (Q2 FY26) — Jul 30, 2026
The Baldwin Group Q2 FY26 — Strong Organic Growth Momentum and AI-Driven Efficiencies
Read the full callBaldwin Insurance Group (BWIN) earnings
- Jun 2026
- Jun 2026 (Q2 FY26)
- Dec 2025
Baldwin Insurance Group earnings: last reported Thu, 30 Jul 2026, for the quarter ended Jun 2026.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 493 | +30.1% YoY | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. |
| Operating margin | -1.7 | −9.1 pts YoY | Operating profit / revenue | Quarter to Jun 2026 | For the quarter; a change is in percentage points. |
| Net profit | -39.0 | Quarterly, as filed | Quarter to Jun 2026 | Profit after tax as filed. The year-earlier figure was zero or a loss, so no percentage is shown. |
Price
$31.87 −0.13% · −$0.04
Performance +37.8% 1Y
1Y: $23.13 on 17 Oct 2025 → $31.87. High $32.49 (15 Sept 2026), low $16.5 (13 Feb 2026).
- Previous close
- $31.91
- 52-week range
- $16.5 – $32.49
- One year
- +39.78%
Overview
- Symbol
- BWIN
- Sector
- Financials
- Exchange
- US
- Currency
- USD
Call summaries
Every analysed call
Baldwin Insurance Group earnings calls (BWIN)
Financials
What the filings say
Net profit, year on year: −1132% (quarter to jun 2026 against jun 2025).
| Line item | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 339 | 330 | 413 | 379 | 365 | 347 | 532 | 493 |
| Expenses | 324 | 335 | 357 | 351 | 362 | 361 | 634 | 501 |
| Operating profit | 15 | -5 | 56 | 28 | 3 | -13 | -101 | -8 |
| Operating margin | 4.5% | −1.7% | 13.6% | 7.4% | 0.9% | −3.8% | −19.0% | −1.7% |
| Other income | -30 | -30 | -31 | -32 | -34 | -30 | -46 | -48 |
| Profit before tax | -14 | -35 | 25 | -4 | -30 | -43 | -147 | -57 |
| Tax rate | 0.0% | 1.2% | 0.0% | −15.4% | 0.0% | −2.4% | 98.4% | −0.1% |
| Net profit | -8 | -20 | 14 | -3 | -19 | -26 | 2 | -39 |
| EPS ($ per share) | -0.13 | — | 0.21 | -0.05 | -0.27 | — | 0.02 | -0.42 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Reserves | 0 | -9 | -24 | -55 | -97 | -187 | -211 | -245 |
| Total liabilities | 117 | 161 | 760 | 1,689 | 2,322 | 2,483 | 2,526 | 2,778 |
| Fixed assets | 2 | 3 | 11 | 17 | 25 | 23 | 22 | 23 |
| Total assets | 140 | 399 | 1,530 | 2,876 | 3,462 | 3,502 | 3,535 | 3,862 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | 12 | 12 | 37 | 40 | -2 | 0 | 51 | -29 |
| Cash from investing | -43 | -101 | -678 | -678 | -414 | -22 | 13 | -140 |
| Cash from financing | 36 | 152 | 712 | 724 | 420 | 18 | 21 | 204 |
| Capital expenditure | -1 | -2 | -5 | -5 | -22 | -21 | -41 | -40 |
| Free cash flow | 11 | 10 | 31 | 35 | -24 | -21 | 10 | -69 |
Insider filings
113 filings between Dec 5, 2025 and Oct 14, 2026.
Open market
decisions to buy or sellPurchases
$1.00M
2 purchases by 1 insider
Sales
$13.25M
12 sales by 3 insiders
Compensation
not trading decisions- 52
- Award — granted as compensation
- 31
- Tax withheld — shares kept back by the company to cover tax
Also filed: 12 conversions, 2 other filings, 1 gift, 1 code w.
Who traded
open market only| Insider | Bought | Sold | Last filing |
|---|---|---|---|
| Krystyn Elizabeth | — | $6.83M | May 7, 2026 |
| Roche James Morgan | — | $6.12M | Dec 15, 2025 |
| Sparks Paul Eugene | $1.00M | — | Mar 3, 2026 |
| Cohen Seth Bala | — | $300.1K | May 14, 2026 |
Latest filings (50)
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| Oct 14, 2026 | Baldwin Lowry Director | Code W | 8,350 | $0 |
| Oct 1, 2026 | KADOW JOSEPH JOHN Director | Award | 824 | $0 |
| Oct 1, 2026 | Sparks Paul Eugene Director | Award | 824 | $0 |
| Oct 1, 2026 | SULLIVAN CHRIS THOMAS Director | Award | 824 | $0 |
| Oct 1, 2026 | Muthukrishnan Sathish Director | Award | 824 | $0 |
| Oct 1, 2026 | Shook Ellyn Director | Award | 824 | $0 |
| Oct 1, 2026 | Parasuraman Sunita Director | Award | 824 | $0 |
| Oct 1, 2026 | Matas Barbara Ruth Director | Award | 824 | $0 |
| Oct 1, 2026 | Williams Myron K Director | Award | 824 | $0 |
| Oct 1, 2026 | Cohen Jay A Director | Award | 824 | $0 |
| Oct 1, 2026 | Sparks Paul Eugene Director | Tax withheld | 244 | $7.8K |
| Jul 1, 2026 | Parasuraman Sunita Director | Award | 1,207 | $0 |
| Jul 1, 2026 | Shook Ellyn Director | Award | 1,207 | $0 |
| Jul 1, 2026 | Williams Myron K Director | Award | 1,207 | $0 |
| Jul 1, 2026 | Cohen Jay A Director | Award | 1,207 | $0 |
| Jul 1, 2026 | KADOW JOSEPH JOHN Director | Award | 1,207 | $0 |
| Jul 1, 2026 | Sparks Paul Eugene Director | Tax withheld | 416 | $11.2K |
| Jul 1, 2026 | Sparks Paul Eugene Director | Award | 1,207 | $0 |
| Jul 1, 2026 | Matas Barbara Ruth Director | Award | 1,207 | $0 |
| Jul 1, 2026 | SULLIVAN CHRIS THOMAS Director | Award | 1,207 | $0 |
| Jul 1, 2026 | Muthukrishnan Sathish Director | Award | 1,207 | $0 |
| May 14, 2026 | Cohen Seth Bala General Counsel | Sale | 15,000 | $300.1K |
| May 7, 2026 | Krystyn Elizabeth Insider | Sale | 98,278 | $2.08M |
| May 7, 2026 | Krystyn Elizabeth Insider | Sale | 31,740 | $672.3K |
| May 6, 2026 | Krystyn Elizabeth Insider | Sale | 53,722 | $1.14M |
| May 6, 2026 | Krystyn Elizabeth Insider | Conversion | 152,000 | $0 |
| May 6, 2026 | Krystyn Elizabeth Insider | Conversion | 152,000 | $0 |
| May 6, 2026 | Krystyn Elizabeth Insider | Conversion | 50,000 | $0 |
| May 6, 2026 | Krystyn Elizabeth Insider | Sale | 18,260 | $387.1K |
| May 6, 2026 | Krystyn Elizabeth Insider | Conversion | 50,000 | $0 |
| Apr 1, 2026 | Sparks Paul Eugene Director | Tax withheld | 784 | $16.9K |
| Apr 1, 2026 | Sparks Paul Eugene Director | Award | 2,275 | $0 |
| Apr 1, 2026 | Muthukrishnan Sathish Director | Award | 1,221 | $0 |
| Apr 1, 2026 | Parasuraman Sunita Director | Award | 1,221 | $0 |
| Apr 1, 2026 | Williams Myron K Director | Award | 1,221 | $0 |
| Apr 1, 2026 | Cohen Jay A Director | Award | 1,221 | $0 |
| Apr 1, 2026 | Hale Bradford Chief Financial Officer | Tax withheld | 9,837 | $211.8K |
| Apr 1, 2026 | Lichon Corbyn N. Chief Accounting Officer | Award | 2,033 | $0 |
| Apr 1, 2026 | Matas Barbara Ruth Director | Award | 1,221 | $0 |
| Apr 1, 2026 | Shook Ellyn Director | Award | 1,221 | $0 |
| Apr 1, 2026 | KADOW JOSEPH JOHN Director | Award | 1,221 | $0 |
| Apr 1, 2026 | SULLIVAN CHRIS THOMAS Director | Award | 1,221 | $0 |
| Mar 15, 2026 | Cohen Seth Bala General Counsel | Tax withheld | 283 | $6.0K |
| Mar 15, 2026 | Lichon Corbyn N. Chief Accounting Officer | Tax withheld | 121 | $2.5K |
| Mar 15, 2026 | Cohen Seth Bala General Counsel | Tax withheld | 263 | $5.5K |
| Mar 15, 2026 | Hale Bradford Chief Financial Officer | Tax withheld | 402 | $8.5K |
| Mar 15, 2026 | Cohen Seth Bala General Counsel | Tax withheld | 254 | $5.3K |
| Mar 15, 2026 | Lichon Corbyn N. Chief Accounting Officer | Tax withheld | 70 | $1.5K |
| Mar 15, 2026 | Lichon Corbyn N. Chief Accounting Officer | Tax withheld | 96 | $2.0K |
| Mar 15, 2026 | Hale Bradford Chief Financial Officer | Tax withheld | 556 | $11.7K |
Source: SEC Form 4 filings. Form 4 reports transactions, not the cap table — absence of filings says nothing about how much an insider owns, and a quiet window is not a signal.
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