Arthur J. Gallagher & Co. (AJG)
NYSE: AJG · Real-Time Price · USD
282.01
-0.64 (-0.23%)
At close: Nov 11, 2026, 4:00 PM EST
285.00
+2.99 (1.06%)
After-hours: Nov 11, 2026, 7:59 PM EST
Arthur J. Gallagher & Co. Income Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Operating Revenue | 15,768 | 13,009 | 10,928 | 9,559 | 8,270 | 7,974 |
| 15,768 | 13,009 | 10,928 | 9,559 | 8,270 | 7,974 | |
Revenue Growth | 30.53% | 19.04% | 14.32% | 15.58% | 3.72% | 17.58% |
Cost of Revenue | 8,837 | 7,524 | 6,301 | 5,681 | 4,823 | 5,101 |
Gross Profit | 6,931 | 5,485 | 4,627 | 3,878 | 3,447 | 2,873 |
Selling, General & Admin | 2,327 | 2,006 | 1,617 | 1,689 | 1,331 | 1,072 |
Amortization of Goodwill & Intangibles | 1,122 | 850 | 646 | 528 | 452.9 | 397.5 |
Other Operating Expenses | - | - | - | - | - | -102.5 |
Operating Expenses | 3,682 | 3,062 | 2,441 | 2,382 | 1,929 | 1,519 |
Operating Income | 3,249 | 2,423 | 2,186 | 1,496 | 1,519 | 1,355 |
Interest Expense | -656 | -639 | -381 | -297 | -256.9 | -226.1 |
Interest & Investment Income | 419 | 769 | 473 | 368 | 150 | - |
EBT Excluding Unusual Items | 3,012 | 2,553 | 2,278 | 1,567 | 1,412 | 1,129 |
Merger & Restructuring Charges | -699 | -570 | -358 | - | - | - |
Asset Writedown | -52 | -66 | -19 | -4 | -2 | -17.6 |
Other Unusual Items | -110 | -46 | -26 | -378 | -83 | -135.8 |
Pretax Income | 2,151 | 1,871 | 1,875 | 1,185 | 1,327 | 975.1 |
Income Tax Expense | 445 | 368 | 404 | 219 | 211 | 20.1 |
Earnings From Continuing Operations | 1,706 | 1,503 | 1,471 | 966 | 1,116 | 955 |
Minority Interest in Earnings | -7 | -9 | -8 | 4 | -1.8 | -48.2 |
Net Income | 1,699 | 1,494 | 1,463 | 970 | 1,114 | 906.8 |
Net Income to Common | 1,699 | 1,494 | 1,463 | 970 | 1,114 | 906.8 |
Net Income Growth | 6.02% | 2.12% | 50.82% | -12.94% | 22.87% | 10.75% |
Shares Outstanding (Basic) | 257 | 256 | 221 | 215 | 210 | 203 |
Shares Outstanding (Diluted) | 260 | 260 | 225 | 219 | 215 | 207 |
Shares Change | 2.61% | 15.60% | 2.60% | 2.14% | 3.57% | 6.31% |
EPS (Basic) | 6.62 | 5.83 | 6.63 | 4.51 | 5.30 | 4.47 |
EPS (Diluted) | 6.55 | 5.74 | 6.50 | 4.42 | 5.19 | 4.37 |
EPS Growth | 3.42% | -11.69% | 47.06% | -14.84% | 18.76% | 4.05% |
Additional Metrics
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Free Cash Flow | 2,888 | 1,785 | 2,441 | 1,838 | 1,207 | 1,264 |
Free Cash Flow Per Share | 11.13 | 6.86 | 10.85 | 8.38 | 5.62 | 6.10 |
Dividend Per Share | 2.750 | 2.600 | 2.400 | 2.200 | 2.040 | 1.920 |
Dividend Growth | 7.84% | 8.33% | 9.09% | 7.84% | 6.25% | 6.67% |
Gross Margin | 43.96% | 42.16% | 42.34% | 40.57% | 41.69% | 36.03% |
Operating Margin | 20.61% | 18.63% | 20.00% | 15.65% | 18.37% | 16.99% |
Profit Margin | 10.78% | 11.48% | 13.39% | 10.15% | 13.47% | 11.37% |
Free Cash Flow Margin | 18.32% | 13.72% | 22.34% | 19.23% | 14.60% | 15.85% |
EBITDA | 4,604 | 3,479 | 3,010 | 2,189 | 2,117 | 1,903 |
EBITDA Margin | 29.20% | 26.74% | 27.54% | 22.90% | 25.59% | 23.87% |
D&A For EBITDA | 1,355 | 1,056 | 824 | 693 | 597.6 | 548.7 |
EBIT | 3,249 | 2,423 | 2,186 | 1,496 | 1,519 | 1,355 |
EBIT Margin | 20.61% | 18.63% | 20.00% | 15.65% | 18.37% | 16.99% |
Effective Tax Rate | 20.69% | 19.67% | 21.55% | 18.48% | 15.90% | 2.06% |
Revenue as Reported | 16,365 | 13,942 | 11,555 | 10,072 | 8,551 | 8,209 |