What is Arthur J. Gallagher & Co.'s earnings per share (EPS)?

Arthur J. Gallagher & Co. (AJG) reported diluted earnings per share of $5.74 for fiscal year 2025. This represents a -11.7% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Arthur J. Gallagher & Co. (AJG) Financials

AJG

Trailing 12 months to June 30, 2026

Revenue $15.8B +26.3% YoY

Net Income $1.6B -4.6% YoY

EPS (Diluted) $6.03 -8.8% YoY

Operating Cash Flow $2.4B +15.4% YoY

Market Cap $59.7B as of Oct 9, 2026

Price / Sales 3.8x on $15.8B revenue, trailing 12 months to June 30, 2026

Price / Earnings 38.0x on $1.6B net income, trailing 12 months to June 30, 2026

Price / Book 2.5x on $23.7B equity, Q2 FY2026

A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 9, 2026; every other figure is from the SEC filings on this page. Not financial advice.

Source SEC Filings (10-K/10-Q) Latest period Q2 FY2026, ended Jun 30, 2026 Reported Aug 5, 2026 Currency USD FYE December

Newest figures come from the 10-Q for Q2 FY2026, filed Aug 5, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the AJG SEC filings page.

Arthur J. Gallagher & Co. (AJG) reported $15.8B in revenue over the twelve months to Jun 30, 2026, up 26.3% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI AJG FY2025 2026-10-03

Revenue has expanded rapidly, but FY2025 shows weaker cash conversion and a more goodwill-heavy, interest-sensitive balance sheet.

From FY2024 to FY2025, net income rose only 2.1% while operating cash flow fell 25.3%; with interest expense rising 67.7%, reported earnings became less representative of cash produced. The combination points to earnings quality weakening even as accounting profit remained positive.

Revenue increased 69.8% from FY2021 to FY2025, while total assets increased 112.6%, so the balance sheet expanded faster than the top line. Goodwill rose from $8.7B to $22.6B over the same period, making intangible assets a much larger part of the company’s reported asset base.

Debt-to-equity declined from 0.7x in FY2021 to 0.5x in FY2025, yet interest expense climbed from $226M to $639M. That contrast means lower debt relative to equity did not translate into a lower financing burden, while the current ratio also moved from 1.5x to 1.1x, leaving less short-term balance-sheet cushion.

Financial Health Signals

Financial health score not available

Arthur J. Gallagher & Co. does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The signals and metrics below are current.

Piotroski F-Score Partial

5/8

Arthur J. Gallagher & Co. passes 5 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 3 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, both operating efficiency signals pass.

Earnings Quality Cash-Backed

1.29x

For every $1 of reported earnings, Arthur J. Gallagher & Co. generates $1.29 in operating cash flow ($1.9B OCF vs $1.5B net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Key Financial Metrics

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Earnings & Revenue

Revenue

$4.0B

YoY+24.2%

QoQ-15.9%

5Y CAGR+15.7%

10Y CAGR+10.9%

Arthur J. Gallagher & Co. generated $4.0B in revenue in Q2 2026. This represents an increase of 24.2% from the same quarter a year earlier. Against the prior quarter it is down 15.9%.

Net Income

$324.0M

YoY-12.0%

QoQ-60.6%

5Y CAGR+11.2%

10Y CAGR+8.0%

Arthur J. Gallagher & Co. reported $324.0M in net income in Q2 2026. This represents a decrease of 12.0% from the same quarter a year earlier. Against the prior quarter it is down 60.6%.

EPS (Diluted)

$1.25

YoY-10.7%

QoQ-60.4%

5Y CAGR+6.3%

10Y CAGR+4.1%

Arthur J. Gallagher & Co. earned $1.25 per diluted share (EPS) in Q2 2026. This represents a decrease of 10.7% from the same quarter a year earlier. Against the prior quarter it is down 60.4%.

EBITDA

Not reported for Q2 2026.

Cash & Balance Sheet

Cash & Debt

$1.4B

YoY-90.3%

QoQ-1.9%

5Y CAGR-15.4%

10Y CAGR+12.9%

Arthur J. Gallagher & Co. held $1.4B in cash against $12.0B in long-term debt as of Q2 2026.

Dividends Per Share

$0.70

YoY+7.7%

QoQ0.0%

5Y CAGR+7.8%

10Y CAGR+6.3%

Arthur J. Gallagher & Co. paid $0.70 per share in dividends in Q2 2026. This represents an increase of 7.7% from the same quarter a year earlier. It is unchanged from the prior quarter.

Shares Outstanding

256M

YoY0.0%

QoQ-0.2%

5Y CAGR+4.4%

10Y CAGR+3.8%

Arthur J. Gallagher & Co. had 256M shares outstanding in Q2 2026. That is unchanged from the same quarter a year earlier. Against the prior quarter it is down 0.2%.

Free Cash Flow

Not reported for Q2 2026.

Margins & Returns

Net Margin

8.1%

YoY-3.3pp

QoQ-9.2pp

5Y change-1.8pp

10Y change-2.4pp

Arthur J. Gallagher & Co.'s net profit margin was 8.1% in Q2 2026, showing the share of revenue converted to profit. This is down 3.3 percentage points from the same quarter a year earlier. Against the prior quarter it is down 9.2 percentage points.

Return on Equity

1.4%

YoY-0.2pp

QoQ-2.1pp

5Y change-0.9pp

10Y change-2.8pp

Arthur J. Gallagher & Co.'s ROE was 1.4% in Q2 2026, measuring profit generated per dollar of shareholder equity. This is down 0.2 percentage points from the same quarter a year earlier. Against the prior quarter it is down 2.1 percentage points.

Gross Margin

Not reported for Q2 2026.

Operating Margin

Not reported for Q2 2026.

Capital Allocation

Share Buybacks

$170.0M

QoQ-45.2%

Arthur J. Gallagher & Co. spent $170.0M on share buybacks in Q2 2026, returning capital to shareholders by reducing shares outstanding. Against the prior quarter it is down 45.2%.

R&D Spending

Not reported for Q2 2026.

Capital Expenditures

Not reported for Q2 2026.

AJG Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

AJG quarterly income statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Revenue	$15.8B	$13.9B+20.7%	$11.6B+14.7%	$10.1B+17.8%	$8.6B+4.2%	$8.2B+17.2%	$7.0B-2.7%	$7.2B+3.8%	$6.9B+12.6%	$6.2B+10.1%	$5.6B+3.8%	$5.4B+16.6%	$4.6B+45.5%	$3.2B+26.2%	$2.5B+18.1%	$2.1B
Cost of Revenue	N/A	N/A	N/A	N/A	$22.9M-98.0%	$1.2B+33.0%	$882.1M-34.8%	$1.4B-25.5%	$1.8B+11.0%	$1.6B+16.1%	$1.4B	N/A	$1.1B+142.1%	$437.3M+291.8%	$111.6M+248.7%	$32.0M
Gross Profit	N/A	N/A	N/A	N/A	$8.5B+21.2%	$7.0B+14.9%	$6.1B+4.8%	$5.8B+14.2%	$5.1B+13.1%	$4.5B+8.1%	$4.2B	N/A	$3.6B+30.1%	$2.7B+13.8%	$2.4B+14.6%	$2.1B
SG&A Expenses	$9.0B	$7.8B+20.2%	$6.5B+14.8%	$5.7B+18.4%	$4.8B+22.2%	$3.9B+13.3%	$3.5B+3.8%	$3.3B+10.3%	$3.0B+10.2%	$2.7B+8.3%	$2.5B+4.5%	$2.4B+12.1%	$2.2B+28.6%	$1.7B+12.8%	$1.5B+12.6%	$1.3B
Interest Expense	$649.0M	$639.0M+67.7%	$381.0M+28.3%	$297.0M+15.6%	$256.9M+13.6%	$226.1M+15.1%	$196.4M+9.2%	$179.8M+29.9%	$138.4M+11.5%	$124.1M+13.0%	$109.8M+6.6%	$103.0M+15.7%	$89.0M+77.6%	$50.1M+16.5%	$43.0M+5.4%	$40.8M
Income Tax	$409.0M	$368.0M-8.9%	$404.0M+84.5%	$219.0M+3.8%	$211.0M+949.8%	$20.1M+57.0%	$12.8M+114.3%	-$89.7M+54.4%	-$196.5M-25.1%	-$157.1M-62.5%	-$96.7M-1.2%	-$95.6M-165.6%	-$36.0M-662.5%	$6.4M-87.3%	$50.3M-21.0%	$63.7M
Net Income	$1.6B	$1.5B+2.1%	$1.5B+50.8%	$970.0M-12.9%	$1.1B+22.9%	$906.8M+10.7%	$818.8M+22.4%	$668.8M+5.6%	$633.5M+31.6%	$481.3M+21.3%	$396.8M+11.2%	$356.8M+17.6%	$303.4M+13.0%	$268.6M+37.7%	$195.0M+35.3%	$144.1M
EPS (Basic)	N/A	$5.83-12.1%	$6.63+47.0%	$4.51-14.9%	$5.30+18.6%	$4.47+4.2%	$4.29+19.2%	$3.60+3.7%	$3.47+30.0%	$2.67+19.7%	$2.23+7.7%	$2.07+4.5%	$1.98-4.8%	$2.08+29.2%	$1.61+24.8%	$1.29
EPS (Diluted)	$6.03	$5.74-11.7%	$6.50+47.1%	$4.42-14.8%	$5.19+18.8%	$4.37+4.0%	$4.20+19.3%	$3.52+3.5%	$3.40+28.8%	$2.64+18.9%	$2.22+7.8%	$2.06+4.6%	$1.97-4.4%	$2.06+29.6%	$1.59+24.2%	$1.28

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Revenue	$4.0B+24.2%	$4.8B+27.7%	$3.6B+33.6%	$3.4B+19.9%	$3.2B+16.1%	$3.7B+14.4%	$2.7B+11.7%	$2.8B+12.6%
SG&A Expenses	$2.3B+29.2%	$2.5B+32.6%	$2.2B+42.2%	$1.9B+19.1%	$1.8B+11.4%	$1.9B+9.9%	$1.6B+8.8%	$1.6B+13.9%
Interest Expense	$168.0M+6.3%	$158.0M0.0%	$162.2M+59.6%	$160.8M+73.1%	$158.0M+67.6%	$158.0M+71.4%	$101.6M+29.4%	$92.9M+27.6%
Income Tax	$90.0M-14.3%	$220.0M+34.1%	$25.7M-65.5%	$73.3M-17.8%	$105.0M+30.9%	$164.0M+2.5%	$74.6M+274.7%	$89.2M+10.3%
Net Income	$324.0M-12.0%	$822.0M+16.8%	$149.3M-42.3%	$272.7M-12.8%	$368.0M+29.9%	$704.0M+15.7%	$258.6M+915.8%	$312.6M+11.4%
EPS (Basic)	$1.26-11.9%	$3.20+15.9%	$0.58-48.2%	$1.06-25.9%	$1.43+10.0%	$2.76-1.4%	$1.12+800.0%	$1.43+10.0%
EPS (Diluted)	$1.25-10.7%	$3.16+16.2%	$0.58-47.3%	$1.04-25.2%	$1.40+10.2%	$2.72-0.7%	$1.10+787.5%	$1.39+8.6%

Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses, Operating Income, EBITDA, Diluted Shares (Avg).

AJG Balance Sheet

AJG quarterly balance sheet

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Total Assets	$70.7B+10.0%	$64.3B+24.5%	$51.6B+34.6%	$38.4B+15.4%	$33.2B+48.8%	$22.3B+13.7%	$19.6B+20.2%	$16.3B+9.6%	$14.9B+10.2%	$13.5B+24.0%	$10.9B+9.0%	$10.0B+45.9%	$6.9B+28.2%	$5.4B+19.4%	$4.5B
Current Assets	$34.4B-22.1%	$44.1B+37.4%	$32.1B+44.1%	$22.3B+26.1%	$17.7B+58.8%	$11.1B+22.0%	$9.1B+12.3%	$8.1B+11.7%	$7.3B+64.6%	$4.4B+4.8%	$4.2B+10.6%	$3.8B+32.5%	$2.9B+18.4%	$2.4B+10.5%	$2.2B
Cash & Equivalents	$1.4B-90.7%	$15.0B+1443.5%	$971.0M+31.5%	$738.4M+83.4%	$402.6M-39.4%	$664.6M+9.9%	$604.8M-0.4%	$607.2M-10.9%	$681.2M+24.9%	$545.5M+13.6%	$480.4M+52.8%	$314.4M+5.5%	$298.1M-1.3%	$302.1M+3.7%	$291.2M
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Accounts Receivable	$5.2B+32.8%	$3.9B+2.9%	$3.8B+30.1%	$2.9B	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Goodwill	$22.6B+84.1%	$12.3B+6.9%	$11.5B+20.9%	$9.5B+9.5%	$8.7B+41.4%	$6.1B+9.1%	$5.6B+21.5%	$4.6B+11.1%	$4.2B+11.0%	$3.8B+2.5%	$3.7B+6.2%	$3.4B+60.8%	$2.1B+45.7%	$1.5B+27.5%	$1.2B
Total Liabilities	$47.3B+7.4%	$44.1B+8.0%	$40.8B+39.9%	$29.2B+17.7%	$24.8B+54.0%	$16.1B+11.6%	$14.4B+22.6%	$11.8B+10.9%	$10.6B+35.4%	$7.8B+8.5%	$7.2B+7.7%	$6.7B+40.4%	$4.8B+29.3%	$3.7B+14.0%	$3.2B
Current Liabilities	$32.5B+11.1%	$29.3B-5.8%	$31.1B+45.6%	$21.3B+27.5%	$16.7B+65.1%	$10.1B+13.6%	$8.9B+16.0%	$7.7B+14.3%	$6.7B+45.9%	$4.6B+10.1%	$4.2B+14.9%	$3.6B+10.9%	$3.3B+39.0%	$2.4B+14.0%	$2.1B
Non-Current Liabilities	$14.8B-0.1%	$14.8B+52.2%	$9.7B+24.3%	$7.8B-2.7%	$8.0B+35.0%	$6.0B+8.5%	$5.5B+35.1%	$4.1B+4.9%	$3.9B+20.4%	$3.2B+6.2%	$3.0B-0.9%	$3.1B+105.5%	$1.5B+12.0%	$1.3B+14.1%	$1.2B
Long-Term Debt	$12.1B-4.9%	$12.7B+81.7%	$7.0B+25.9%	$5.6B-4.3%	$5.8B+36.2%	$4.3B+11.8%	$3.8B+23.4%	$3.1B+14.8%	$2.7B+25.5%	$2.1B+3.5%	$2.1B-2.5%	$2.1B+157.6%	$825.0M+13.8%	$725.0M+7.4%	$675.0M
Total Equity	$23.3B+15.7%	$20.2B+87.0%	$10.8B+17.8%	$9.1B+7.5%	$8.5B+37.5%	$6.2B+20.0%	$5.2B+14.6%	$4.5B+6.2%	$4.2B+17.8%	$3.6B-1.1%	$3.6B+12.7%	$3.2B+54.9%	$2.1B+25.7%	$1.7B+33.4%	$1.2B
Retained Earnings	$5.8B+16.4%	$5.0B+23.0%	$4.1B+13.8%	$3.6B+23.6%	$2.9B+21.5%	$2.4B+24.7%	$1.9B+22.0%	$1.6B+27.6%	$1.2B+33.3%	$916.4M+18.3%	$774.5M+14.6%	$676.0M+13.3%	$596.4M+16.8%	$510.4M+5.7%	$482.9M

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Total Assets	$81.8B+2.1%	$78.3B+5.7%	$70.7B+10.0%	$79.1B+38.1%	$80.1B+27.2%	$74.1B+21.5%	$64.3B+24.5%	$57.2B+7.6%
Current Assets	$45.5B-21.4%	$42.0B-21.4%	$34.4B-22.1%	$43.0B+15.4%	$57.8B+33.5%	$53.4B+28.8%	$44.1B+37.4%	$37.3B+3.7%
Cash & Equivalents	$1.4B-90.3%	$1.4B-91.5%	$1.4B-90.7%	$1.4B-30.8%	$14.3B+910.4%	$16.7B+847.0%	$15.0B+1443.5%	$2.0B+135.8%
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Accounts Receivable	$6.1B+28.2%	$6.0B+31.9%	$5.2B+32.8%	$5.4B+36.0%	$4.7B+13.4%	$4.5B+9.0%	$3.9B+2.9%	$4.0B+5.8%
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Goodwill	$23.0B+67.6%	$23.0B+80.6%	$22.6B+84.1%	$22.2B+82.2%	$13.7B+15.3%	$12.7B+10.3%	$12.3B+6.9%	$12.2B+16.5%
Total Liabilities	$58.1B+1.7%	$54.5B+5.3%	$47.3B+7.4%	$55.8B+24.0%	$57.1B+11.0%	$51.7B+4.3%	$44.1B+8.0%	$45.0B+5.5%
Current Liabilities	$43.2B+1.5%	$39.5B+6.7%	$32.5B+11.1%	$40.8B+15.8%	$42.5B+2.2%	$37.0B-6.6%	$29.3B-5.8%	$35.2B+2.1%
Non-Current Liabilities	$14.9B+2.5%	$15.0B+1.8%	$14.8B-0.1%	$15.1B+53.3%	$14.5B+48.2%	$14.7B+47.1%	$14.8B+52.2%	$9.8B+19.6%
Long-Term Debt	$12.0B-1.2%	$12.1B-2.8%	$12.1B-4.9%	$12.1B+55.3%	$12.1B+55.3%	$12.4B+55.4%	$12.7B+81.7%	$7.8B+29.4%
Total Equity	$23.7B+3.0%	$23.8B+6.5%	$23.3B+15.7%	$23.2B+90.5%	$23.0B+98.9%	$22.3B+97.5%	$20.2B+87.0%	$12.2B+16.4%
Retained Earnings	$6.6B+15.2%	$6.4B+16.7%	$5.8B+16.4%	$5.8B+19.8%	$5.7B+22.2%	$5.5B+21.9%	$5.0B+23.0%	$4.9B+15.6%

Not reported in any period shown, so not listed: Inventory.

AJG Cash Flow Statement

AJG quarterly cash flow statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Operating Cash Flow	$2.4B	$1.9B-25.3%	$2.6B+27.1%	$2.0B+46.2%	$1.4B-0.2%	$1.4B-22.9%	$1.8B+51.7%	$1.2B+55.7%	$765.1M-10.4%	$854.2M+31.5%	$649.6M-5.3%	$686.1M+57.1%	$436.6M+24.8%	$349.9M+2.0%	$343.0M+20.8%	$284.0M
Depreciation & Amortization	N/A	$1.1B+33.1%	$843.0M+20.9%	$697.0M+16.2%	$599.6M+5.9%	$566.3M+0.7%	$562.4M+18.5%	$474.4M+13.2%	$419.0M+8.6%	$385.8M+10.0%	$350.8M+5.0%	$334.2M+29.1%	$258.9M+45.0%	$178.6M+27.2%	$140.4M+21.9%	$115.2M
Stock-Based Compensation	N/A	$49.0M+16.7%	$42.0M+35.5%	$31.0M+27.0%	$24.4M+82.1%	$13.4M-1.5%	$13.6M-2.9%	$14.0M+2.2%	$13.7M-20.8%	$17.3M+17.7%	$14.7M+31.3%	$11.2M+5.7%	$10.6M+37.7%	$7.7M+2.7%	$7.5M-47.6%	$14.3M
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$217.8M+120.0%	$99.0M+21.5%	$81.5M-12.9%	$93.6M+83.5%	$51.0M+11.1%	$45.9M
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$431.8M-26.5%	$587.1M+65.3%	$355.1M+38.5%	$256.3M-12.2%	$292.0M+22.6%	$238.1M
Investing Cash Flow	-$14.8B	-$15.9B-900.4%	-$1.6B+51.8%	-$3.3B-227.7%	-$1.0B+70.7%	-$3.4B-628.0%	-$471.4M+67.5%	-$1.4B-59.1%	-$910.3M-78.1%	-$511.0M-5.3%	-$485.3M	N/A	N/A	-$851.7M-122.8%	-$382.2M-22.8%	-$311.2M
Financing Cash Flow	$924.0M	$1.7B-86.9%	$13.1B+354.1%	$2.9B+1251.8%	$212.6M-92.9%	$3.0B+693.1%	-$505.1M-179.1%	$638.4M+294.1%	$162.0M+438.9%	-$47.8M-312.1%	-$11.6M	N/A	N/A	$502.6M+995.0%	$45.9M-30.0%	$65.6M
Dividends Paid	$693.0M	$667.0M+27.0%	$525.0M+10.8%	$474.0M+10.4%	$429.5M+9.6%	$392.0M+12.8%	$347.4M+8.2%	$321.1M+6.4%	$301.8M+6.8%	$282.7M+3.9%	$272.2M+5.7%	$257.5M+15.4%	$223.1M+22.2%	$182.6M-10.7%	$204.4M+40.2%	$145.8M
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$11.3M-36.2%	$17.7M-82.5%	$101.0M	N/A	N/A	N/A	$1.5M+25.0%	$1.2M

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Operating Cash Flow	$10.0M+102.4%	$957.0M+9.7%	$753.0M+1.8%	$729.0M-22.0%	-$424.0M-454.8%	$872.0M+10.5%	$739.4M+6.6%	$934.8M+4.2%
Depreciation & Amortization	$57.0M+14.0%	$339.0M+32.9%	$361.5M+69.2%	$54.1M+19.4%	$50.0M+22.5%	$255.0M+22.8%	$213.7M+12.4%	$45.3M+5.3%
Stock-Based Compensation	N/A	$17.0M+21.4%	N/A	N/A	N/A	$14.0M+26.1%	N/A	N/A
Investing Cash Flow	-$353.0M+73.8%	-$238.0M+13.5%	-$471.6M+45.0%	-$13.8B-5882.4%	-$1.3B-337.4%	-$275.0M-43.3%	-$857.0M+54.9%	-$230.4M+29.6%
Financing Cash Flow	$1.3B+495.7%	-$723.0M-165.3%	-$172.9M-101.4%	$568.9M-7.0%	$210.0M+490.3%	$1.1B+20600.0%	$12.5B+1172.6%	$611.5M+191.5%
Dividends Paid	$179.0M+7.2%	$180.0M+8.4%	$167.5M+27.5%	$166.5M+26.5%	$167.0M+27.2%	$166.0M+27.0%	$131.4M+10.0%	$131.6M+11.0%
Share Buybacks	$170.0M	$310.0M	N/A	N/A	$0	$0	N/A	N/A

Not reported in any period shown, so not listed: Capital Expenditures, Free Cash Flow.

AJG Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

AJG quarterly financial ratios

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Gross Margin	N/A	N/A	N/A	99.7%+14.0pp	85.7%-1.7pp	87.4%+6.2pp	81.2%+7.4pp	73.8%+0.4pp	73.4%-1.4pp	74.8%	N/A	77.1%-9.1pp	86.3%-9.3pp	95.6%-2.9pp	98.5%
Net Margin	10.7%-1.9pp	12.7%+3.0pp	9.6%-3.4pp	13.0%+2.0pp	11.1%-0.6pp	11.7%+2.4pp	9.3%+0.2pp	9.1%+1.3pp	7.8%+0.7pp	7.1%+0.5pp	6.6%+0.1pp	6.6%-1.9pp	8.5%+0.7pp	7.7%+1.0pp	6.8%
Return on Equity	6.4%-0.8pp	7.3%-1.7pp	9.0%-3.2pp	12.2%+1.5pp	10.7%-2.6pp	13.2%+0.3pp	13.0%-1.1pp	14.1%+2.7pp	11.4%+0.3pp	11.0%+1.2pp	9.8%+0.4pp	9.4%-3.5pp	12.9%+1.1pp	11.8%+0.2pp	11.6%
Return on Assets	2.1%-0.2pp	2.3%+0.4pp	1.9%-1.0pp	2.9%+0.2pp	2.7%-0.9pp	3.7%+0.3pp	3.4%-0.5pp	3.9%+0.6pp	3.2%+0.3pp	2.9%-0.3pp	3.3%+0.2pp	3.0%-0.9pp	3.9%+0.3pp	3.6%+0.4pp	3.2%
Current Ratio	1.06-0.5x	1.51+0.5x	1.030.0x	1.040.0x	1.060.0x	1.10+0.1x	1.020.0x	1.060.0x	1.08+0.1x	0.960.0x	1.010.0x	1.05+0.2x	0.88-0.2x	1.030.0x	1.06
Debt-to-Equity	0.52-0.1x	0.630.0x	0.650.0x	0.61-0.1x	0.680.0x	0.69-0.1x	0.74+0.1x	0.69+0.1x	0.640.0x	0.600.0x	0.57-0.1x	0.66+0.3x	0.400.0x	0.44-0.1x	0.54
Asset Turnover	0.200.0x	0.180.0x	0.200.0x	0.220.0x	0.25-0.1x	0.31-0.1x	0.37-0.1x	0.420.0x	0.410.0x	0.41-0.1x	0.490.0x	0.460.0x	0.460.0x	0.470.0x	0.48
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	7.7%-3.2pp	10.9%+3.2pp	7.7%-0.4pp	8.1%-3.5pp	11.6%+0.4pp	11.2%

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Net Margin	8.1%-3.3pp	17.3%-1.6pp	4.1%-5.4pp	8.1%-3.0pp	11.4%+1.2pp	18.9%+0.2pp	9.5%+10.8pp	11.1%-0.1pp
Return on Equity	1.4%-0.2pp	3.5%+0.3pp	0.6%-0.6pp	1.2%-1.4pp	1.6%-0.9pp	3.1%-2.2pp	1.3%+1.6pp	2.6%-0.1pp
Return on Assets	0.4%-0.1pp	1.1%+0.1pp	0.2%-0.2pp	0.3%-0.2pp	0.5%0.0pp	0.9%-0.1pp	0.4%+0.5pp	0.5%0.0pp
Current Ratio	1.05-0.3x	1.06-0.4x	1.06-0.5x	1.060.0x	1.36+0.3x	1.44+0.4x	1.51+0.5x	1.060.0x
Debt-to-Equity	0.500.0x	0.510.0x	0.52-0.1x	0.52-0.1x	0.53-0.1x	0.56-0.2x	0.630.0x	0.64+0.1x
Asset Turnover	0.050.0x	0.060.0x	0.050.0x	0.040.0x	0.040.0x	0.050.0x	0.040.0x	0.050.0x

Not reported in any period shown, so not listed: Gross Margin, Operating Margin, FCF Margin.

Similar Companies

Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.

Company	Fiscal year	Revenue	Net income	Net margin	Market cap	Health score
Arthur J. Gallagher & Co. AJG	FY2025	$13.9B	$1.5B	10.7%	$59.7B	—
Aon plc AON	FY2025	$17.2B	$3.7B	21.5%	$58.8B	18/100
Marsh & McLennan Companies, Inc. MMC	FY2025	$27.0B	$4.2B	15.4%	$89.5B	28/100
Willis Towers Watson Public Limited Company WTW	FY2025	$9.7B	$1.6B	16.5%	$27.7B	16/100
Brown & Brown, Inc. BRO	FY2025	$5.9B	$1.1B	17.9%	$21.3B	41/100
Erie Indemnity Co ERIE	FY2025	$4.1B	$559.3M	13.8%	$11.8B	29/100

Where Arthur J. Gallagher & Co. Ranks

Frequently Asked Questions

What is Arthur J. Gallagher & Co.'s annual revenue?

Arthur J. Gallagher & Co. (AJG) reported $13.9B in total revenue for fiscal year 2025. This represents a 20.7% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Arthur J. Gallagher & Co.'s revenue growing?

Arthur J. Gallagher & Co. (AJG) revenue grew by 20.7% year-over-year, from $11.6B to $13.9B in fiscal year 2025.

Is Arthur J. Gallagher & Co. profitable?

Yes, Arthur J. Gallagher & Co. (AJG) reported a net income of $1.5B in fiscal year 2025, with a net profit margin of 10.7%.

How much debt does Arthur J. Gallagher & Co. have?

As of fiscal year 2025, Arthur J. Gallagher & Co. (AJG) had $1.4B in cash and equivalents against $12.1B in long-term debt.

What is Arthur J. Gallagher & Co.'s net profit margin?

Arthur J. Gallagher & Co. (AJG) had a net profit margin of 10.7% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Does Arthur J. Gallagher & Co. pay dividends?

Yes, Arthur J. Gallagher & Co. (AJG) paid $2.60 per share in dividends during fiscal year 2025.

What is Arthur J. Gallagher & Co.'s return on equity (ROE)?

Arthur J. Gallagher & Co. (AJG) has a return on equity of 6.4% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Arthur J. Gallagher & Co.'s operating cash flow?

Arthur J. Gallagher & Co. (AJG) generated $1.9B in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Arthur J. Gallagher & Co.'s total assets?

Arthur J. Gallagher & Co. (AJG) had $70.7B in total assets as of fiscal year 2025, including both current and long-term assets.

How many shares does Arthur J. Gallagher & Co. have outstanding?

Arthur J. Gallagher & Co. (AJG) had 257M shares outstanding as of fiscal year 2025.

What is Arthur J. Gallagher & Co.'s current ratio?

Arthur J. Gallagher & Co. (AJG) had a current ratio of 1.06 as of fiscal year 2025, which is considered adequate.

What is Arthur J. Gallagher & Co.'s debt-to-equity ratio?

Arthur J. Gallagher & Co. (AJG) had a debt-to-equity ratio of 0.52 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Arthur J. Gallagher & Co.'s return on assets (ROA)?

Arthur J. Gallagher & Co. (AJG) had a return on assets of 2.1% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Arthur J. Gallagher & Co.'s P/E ratio?

Arthur J. Gallagher & Co. (AJG) trades at 38.0x earnings, its market capitalization divided by net income of $1.6B net income, trailing 12 months to June 30, 2026. The market capitalization is $59.7B as of Oct 9, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is Arthur J. Gallagher & Co.'s price-to-sales ratio?

Arthur J. Gallagher & Co. (AJG) trades at 3.8x sales, its market capitalization divided by revenue of $15.8B revenue, trailing 12 months to June 30, 2026. The market capitalization is $59.7B as of Oct 9, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is Arthur J. Gallagher & Co.'s Piotroski F-Score?

Arthur J. Gallagher & Co. (AJG) has a Piotroski F-Score of 5 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Arthur J. Gallagher & Co.'s earnings high quality?

Arthur J. Gallagher & Co. (AJG) has an earnings quality ratio of 1.29x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.