The Filings Report

Arthur J. Gallagher & Co.

AJGNYSECIK 354190Financial / Insurance Brokersfiscal year ends December69 quarters since 2009

Revenue, Q2 FY2026
$4.0B
+24.2% on Q2 FY2025
Net income
$324M
−12.0% on Q2 FY2025
Free cash flow
—
no year-earlier figure
Diluted EPS
$1.25
−10.7% on Q2 FY2025
Revenue, TTM
$15.8B
trailing four quarters
Net margin, TTM
10.0%
net income $1.6B
Free cash flow, TTM
—
Cash and equivalents
—
long-term debt $12.0B, Jun 30, 2026
Shares, 12-month change
−0.0%
256M shares, Jun 30, 2026
Buybacks, TTM
—
no yield
Dividends, TTM
$693M
1.0% of market value
Market value
$70.8B
at the close, buybacks

Latest quarter Q2 FY2026, filed August 5, 2026. Trailing figures sum the latest four quarters. Market values at the latest close, from a market data vendor.

In Q2 FY2026, the quarter ended June 30, 2026, Arthur J. Gallagher & Co. reported revenue of $4.0B, +24.2% on Q2 FY2025, and net income of $324M (−12.0%). Diluted earnings per share were $1.25.

The last 16 quarters

Q3 FY2022 to Q2 FY2026, through the filing of August 5, 2026.

Revenue and net incomeRevenueNet income
−$2B$0$2B$4B$6BQ3'22, Revenue: $2.0BQ3'22, Net income: $256MQ3'22Q4'22, Revenue: $2.0BQ4'22, Net income: $136MQ4'22Q1'23, Revenue: $2.7BQ1'23, Net income: $487MQ1'23Q2'23, Revenue: $2.4BQ2'23, Net income: $235MQ2'23Q3'23, Revenue: $2.5BQ3'23, Net income: $281MQ3'23Q4'23, Revenue: $2.4BQ4'23, Net income: −$32MQ4'23Q1'24, Revenue: $3.3BQ1'24, Net income: $608MQ1'24Q2'24, Revenue: $2.8BQ2'24, Net income: $283MQ2'24Q3'24, Revenue: $2.8BQ3'24, Net income: $313MQ3'24Q4'24, Revenue: $2.7BQ4'24, Net income: $259MQ4'24Q1'25, Revenue: $3.7BQ1'25, Net income: $704MQ1'25Q2'25, Revenue: $3.2BQ2'25, Net income: $368MQ2'25Q3'25, Revenue: $3.4BQ3'25, Net income: $273MQ3'25Q4'25, Revenue: $3.6BQ4'25, Net income: $151MQ4'25Q1'26, Revenue: $4.8BQ1'26, Net income: $822MQ1'26Q2'26, Revenue: $4.0BQ2'26, Net income: $324MQ2'26−$2B$0$2B$4B$6BQ3'22, Revenue: $2.0BQ3'22, Net income: $256MQ4'22, Revenue: $2.0BQ4'22, Net income: $136MQ4'22Q1'23, Revenue: $2.7BQ1'23, Net income: $487MQ2'23, Revenue: $2.4BQ2'23, Net income: $235MQ2'23Q3'23, Revenue: $2.5BQ3'23, Net income: $281MQ4'23, Revenue: $2.4BQ4'23, Net income: −$32MQ4'23Q1'24, Revenue: $3.3BQ1'24, Net income: $608MQ2'24, Revenue: $2.8BQ2'24, Net income: $283MQ2'24Q3'24, Revenue: $2.8BQ3'24, Net income: $313MQ4'24, Revenue: $2.7BQ4'24, Net income: $259MQ4'24Q1'25, Revenue: $3.7BQ1'25, Net income: $704MQ2'25, Revenue: $3.2BQ2'25, Net income: $368MQ2'25Q3'25, Revenue: $3.4BQ3'25, Net income: $273MQ4'25, Revenue: $3.6BQ4'25, Net income: $151MQ4'25Q1'26, Revenue: $4.8BQ1'26, Net income: $822MQ2'26, Revenue: $4.0BQ2'26, Net income: $324MQ2'26

Net income losses drawn in red.

Cash and equivalents against long-term debtCash and equivalentsLong-term debt
$0$5B$10B$15BQ3'22, Cash and equivalents: $630MQ3'22, Long-term debt: $5.6BQ3'22Q4'22, Cash and equivalents: $738MQ4'22, Long-term debt: $5.6BQ4'22Q1'23, Cash and equivalents: $1.3BQ1'23, Long-term debt: $6.0BQ1'23Q2'23, Cash and equivalents: $778MQ2'23, Long-term debt: $6.0BQ2'23Q3'23, Cash and equivalents: $858MQ3'23, Long-term debt: $6.0BQ3'23Q4'23, Long-term debt: $7.0BQ4'23Q1'24, Long-term debt: $8.0BQ1'24Q2'24, Long-term debt: $7.8BQ2'24Q3'24, Long-term debt: $7.8BQ3'24Q4'24, Long-term debt: $12.7BQ4'24Q1'25, Long-term debt: $12.4BQ1'25Q2'25, Long-term debt: $12.1BQ2'25Q3'25, Long-term debt: $12.1BQ3'25Q4'25, Long-term debt: $12.1BQ4'25Q1'26, Long-term debt: $12.1BQ1'26Q2'26, Long-term debt: $12.0BQ2'26$0$5B$10B$15BQ3'22, Cash and equivalents: $630MQ3'22, Long-term debt: $5.6BQ4'22, Cash and equivalents: $738MQ4'22, Long-term debt: $5.6BQ4'22Q1'23, Cash and equivalents: $1.3BQ1'23, Long-term debt: $6.0BQ2'23, Cash and equivalents: $778MQ2'23, Long-term debt: $6.0BQ2'23Q3'23, Cash and equivalents: $858MQ3'23, Long-term debt: $6.0BQ4'23, Long-term debt: $7.0BQ4'23Q1'24, Long-term debt: $8.0BQ2'24, Long-term debt: $7.8BQ2'24Q3'24, Long-term debt: $7.8BQ4'24, Long-term debt: $12.7BQ4'24Q1'25, Long-term debt: $12.4BQ2'25, Long-term debt: $12.1BQ2'25Q3'25, Long-term debt: $12.1BQ4'25, Long-term debt: $12.1BQ4'25Q1'26, Long-term debt: $12.1BQ2'26, Long-term debt: $12.0BQ2'26

Positions at each quarter end, as filed; short-term investments are not included.

Income statement

Last eight quarters, newest first, through Q2 FY2026 filed August 5, 2026.

Arthur J. Gallagher & Co. income statement, quarterly
Millions of dollarsQ2 FY2026ended Jun 30, 2026filed Aug 5, 2026Q1 FY2026ended Mar 31, 2026filed May 7, 2026Q4 FY2025ended Dec 31, 2025filed Feb 17, 2026Q3 FY2025ended Sep 30, 2025filed Nov 10, 2025Q2 FY2025ended Jun 30, 2025filed Aug 1, 2025Q1 FY2025ended Mar 31, 2025filed May 2, 2025Q4 FY2024ended Dec 31, 2024filed Feb 18, 2025Q3 FY2024ended Sep 30, 2024filed Oct 29, 2024YoYQ2 FY2026vs Q2 FY2025
Revenue4,0034,7583,6283,3663,2223,7272,7162,807+24.2%
Cost of revenue—————————
Gross profit—————————
Research and development—————————
Selling, general and administrative—————————
Operating income—————————
Other income (expense)—————————
Pretax income4141,043180347473873333403−12.5%
Income tax9022026731051647589−14.3%
Net income324822151273368704259313−12.0%
Diluted EPS ($)1.253.16—1.041.402.72—1.39−10.7%
Diluted shares (millions)—————————

Fourth quarters are the fiscal year less the first nine months when the filer reports no discrete fourth quarter, and are marked. Diluted EPS is never derived, so a derived quarter shows none. Italic figures are derived.

Balance sheet

Last eight quarters, newest first, through Q2 FY2026 filed August 5, 2026.

Arthur J. Gallagher & Co. balance sheet, quarterly
Millions of dollarsQ2 FY2026ended Jun 30, 2026filed Aug 5, 2026Q1 FY2026ended Mar 31, 2026filed May 7, 2026Q4 FY2025ended Dec 31, 2025filed Feb 17, 2026Q3 FY2025ended Sep 30, 2025filed Nov 10, 2025Q2 FY2025ended Jun 30, 2025filed Aug 1, 2025Q1 FY2025ended Mar 31, 2025filed May 2, 2025Q4 FY2024ended Dec 31, 2024filed Feb 18, 2025Q3 FY2024ended Sep 30, 2024filed Oct 29, 2024YoYQ2 FY2026vs Q2 FY2025
Cash and equivalents—————————
Short-term investments—————————
Total current assets45,45242,01934,35643,00857,83853,43944,11337,283−21.4%
Total assets81,80878,30170,66579,06880,12374,09664,25557,243+2.1%
Total current liabilities43,17339,52932,51940,76042,54037,03629,26035,200+1.5%
Long-term debt11,95512,07712,10412,10112,09812,42012,7327,792−1.2%
Total liabilities58,06154,49947,31855,83157,06651,74244,07545,033+1.7%
Stockholders’ equity23,71723,77523,32123,20623,02322,32020,15412,184+3.0%
Shares outstanding (millions)256257257257256256255219—

Positions at each period end. Nothing on this statement is derived. Long-term debt is the filed noncurrent line only; no total-debt composite is constructed across filers. Italic figures are derived.

Cash flow statement

Last eight quarters, newest first, through Q2 FY2026 filed August 5, 2026.

Arthur J. Gallagher & Co. cash flow statement, quarterly
Millions of dollarsQ2 FY2026ended Jun 30, 2026filed Aug 5, 2026Q1 FY2026ended Mar 31, 2026filed May 7, 2026Q4 FY2025ended Dec 31, 2025filed Feb 17, 2026Q3 FY2025ended Sep 30, 2025filed Nov 10, 2025Q2 FY2025ended Jun 30, 2025filed Aug 1, 2025Q1 FY2025ended Mar 31, 2025filed May 2, 2025Q4 FY2024ended Dec 31, 2024filed Feb 18, 2025Q3 FY2024ended Sep 30, 2024filed Oct 29, 2024YoYQ2 FY2026vs Q2 FY2025
Operating cash flow10957753729(424)872739935+102.4%
Capital expenditures—————————
Free cash flow (CFO − capex)—————————
Depreciation and amortization358339362276230255214210+55.7%
Share repurchases170310——00———
Dividends paid179180168167167166131132+7.2%

10-Qs file cash flows as year-to-date totals, so quarterly figures are differenced from consecutive filings and marked. Free cash flow is operating cash flow less capital expenditures, computed from the two filed lines. Italic figures are derived.

Annual statements

Every fiscal year filed, newest first, through FY2025 filed February 17, 2026.

Income statement

Arthur J. Gallagher & Co. income statement, annual
Millions of dollarsFY2025ended Dec 31, 2025filed Feb 17, 2026FY2024ended Dec 31, 2024filed Feb 18, 2025FY2023ended Dec 31, 2023filed Feb 9, 2024FY2022ended Dec 31, 2022filed Feb 10, 2023FY2021ended Dec 31, 2021filed Feb 18, 2022FY2020ended Dec 31, 2020filed Feb 8, 2021FY2019ended Dec 31, 2019filed Feb 7, 2020FY2018ended Dec 31, 2018filed Feb 8, 2019FY2017ended Dec 31, 2017filed Feb 12, 2018FY2016ended Dec 31, 2016filed Feb 13, 2017FY2015ended Dec 31, 2015filed Feb 10, 2016FY2014ended Dec 31, 2014filed Feb 13, 2015FY2013ended Dec 31, 2013filed Feb 7, 2014FY2012ended Dec 31, 2012filed Feb 8, 2013FY2011ended Dec 31, 2011filed Feb 14, 2012FY2010ended Dec 31, 2010filed Feb 7, 2011FY2009ended Dec 31, 2009filed Jul 30, 2010FY2008ended Dec 31, 2008filed Jul 30, 2010
Revenue13,94211,55510,0728,5518,2097,0047,1956,9346,2495,681————————
Cost of revenue———231,1738821,3531,8161,6361,409—1,0594371123264——
Gross profit——————————————————
Research and development——————————————————
Selling, general and administrative——————————————————
Operating income——————————————————
Other income (expense)——————————————————
Pretax income1,8711,8751,1851,327975871626479360334294292291245208203211164
Income tax3684042192112013(90)(196)(157)(97)(96)(36)65064407852
Net income1,4941,4639701,11490781966963448139735730326919514417412977
Diluted EPS ($)5.746.504.425.194.374.203.523.402.642.222.061.972.061.591.281.661.280.82
Diluted shares (millions)——————————————————

Balance sheet

Arthur J. Gallagher & Co. balance sheet, annual
Millions of dollarsFY2025ended Dec 31, 2025filed Feb 17, 2026FY2024ended Dec 31, 2024filed Feb 18, 2025FY2023ended Dec 31, 2023filed Feb 9, 2024FY2022ended Dec 31, 2022filed Feb 10, 2023FY2021ended Dec 31, 2021filed Feb 18, 2022FY2020ended Dec 31, 2020filed Feb 8, 2021FY2019ended Dec 31, 2019filed Feb 7, 2020FY2018ended Dec 31, 2018filed Feb 8, 2019FY2017ended Dec 31, 2017filed Feb 12, 2018FY2016ended Dec 31, 2016filed Feb 13, 2017FY2015ended Dec 31, 2015filed Feb 10, 2016FY2014ended Dec 31, 2014filed Feb 13, 2015FY2013ended Dec 31, 2013filed Feb 7, 2014FY2012ended Dec 31, 2012filed Feb 8, 2013FY2011ended Dec 31, 2011filed Feb 14, 2012FY2010ended Dec 31, 2010filed Feb 7, 2011FY2009ended Dec 31, 2009filed Jul 30, 2010FY2008ended Dec 31, 2008filed Jul 30, 2010
Cash and equivalents———738403665605607681546480314298302291250206194
Short-term investments——————————————————
Total current assets34,35644,11332,11622,28517,67011,1249,1188,1197,2694,4164,2143,8112,8762,4302,1991,7261,540—
Total assets70,66564,25551,61638,35833,23622,33119,63516,33414,91013,52810,91410,0106,8615,3524,4843,5963,250—
Total current liabilities32,51929,26031,06521,33916,73510,1358,9217,6946,7304,6124,1873,6433,2852,3632,0741,5771,474—
Long-term debt12,10412,7327,0065,5635,8104,2663,8163,0912,6922,1452,0722,125825725675550550—
Total liabilities47,31844,07540,80129,16824,78516,09914,41911,76410,6107,8347,2226,7054,7753,6943,2402,4892,357—
Stockholders’ equity23,32120,15410,7759,1448,5086,1865,1564,4994,2363,5973,6383,2292,0861,6591,2441,107893739
Shares outstanding (millions)257255217212209194188184181179177165134126115109——

Cash flow statement

Arthur J. Gallagher & Co. cash flow statement, annual
Millions of dollarsFY2025ended Dec 31, 2025filed Feb 17, 2026FY2024ended Dec 31, 2024filed Feb 18, 2025FY2023ended Dec 31, 2023filed Feb 9, 2024FY2022ended Dec 31, 2022filed Feb 10, 2023FY2021ended Dec 31, 2021filed Feb 18, 2022FY2020ended Dec 31, 2020filed Feb 8, 2021FY2019ended Dec 31, 2019filed Feb 7, 2020FY2018ended Dec 31, 2018filed Feb 8, 2019FY2017ended Dec 31, 2017filed Feb 12, 2018FY2016ended Dec 31, 2016filed Feb 13, 2017FY2015ended Dec 31, 2015filed Feb 10, 2016FY2014ended Dec 31, 2014filed Feb 13, 2015FY2013ended Dec 31, 2013filed Feb 7, 2014FY2012ended Dec 31, 2012filed Feb 8, 2013FY2011ended Dec 31, 2011filed Feb 14, 2012FY2010ended Dec 31, 2010filed Feb 7, 2011FY2009ended Dec 31, 2009filed Jul 30, 2010FY2008ended Dec 31, 2008filed Jul 30, 2010
Operating cash flow1,9302,5832,0321,3901,3921,8071,191765854650——350343284230212161
Capital expenditures—————————2189982945146252432
Free cash flow (CFO − capex)—————————432——256292238204188129
Depreciation and amortization1,122843697600566562474419386351334259179140115938674
Share repurchases———————1118101———21111
Dividends paid667525474430392347321302283272258223183204146134128119

Insider activity

Form 4 filings by officers, directors and 10% owners, November 1, 2024 to November 1, 2026. Only open-market purchases and sales count as buys and sells; awards, exercises, tax withholding and gifts are listed in grey and never counted.

Bought, three months
$0
0 purchases by 0 insiders; officers and directors $0
Sold, three months
$8M
4 sales by 4 insiders; officers and directors $8M
Bought, twelve months
$988K
4 purchases by 1 insider; officers and directors $988K
Sold, twelve months
$25M
13 sales by 6 insiders; officers and directors $25M

The last 25 transactions

TradedInsiderRoleTransactionSharesPriceValueHeld afterFiled
Sep 15, 2026Cary Richard CController, CAOopen-market sale1,000$252.86$253K46,819Sep 17, 2026
Sep 8, 2026Gallagher Patrick MurphyChief Operating Officergiftindirect49,988$0.00—148,093Sep 10, 2026
Sep 8, 2026Gallagher J Patrick JRCEO, Directorgiftindirect49,988$0.00—0Sep 10, 2026
Sep 2, 2026Hudson Scott RVice Presidentoption exercise12,000$86.17$1M102,262Sep 4, 2026
Sep 2, 2026Hudson Scott RVice Presidentopen-market sale12,000$264.13$3M90,262Sep 4, 2026
Sep 1, 2026Miskel Christopher C.Directoraward153$262.00$40K10,826Sep 2, 2026
Aug 24, 2026Bay Walter D.General Counselopen-market sale12,000$270.08$3M71,292Aug 26, 2026
Aug 19, 2026Mead Christopher EVICE PRESIDENToption exercise3,500$86.17$302K25,723Aug 20, 2026
Aug 19, 2026Mead Christopher EVICE PRESIDENTopen-market sale3,500$257.02$900K22,223Aug 20, 2026
Aug 16, 2026Bloom Mark H.Vice Presidentoption exercise1,280$0.00—5,023Aug 18, 2026
Aug 16, 2026Bloom Mark H.Vice Presidenttax withholding607$251.21$152K4,417Aug 18, 2026
Aug 5, 2026Gallagher Patrick MurphyChief Operating Officergiftindirect23,800$0.00—53,262Aug 7, 2026
Jul 1, 2026Jain VishalVICE PRESIDENToption exercise2,163$229.57$496K68,903Jul 6, 2026
Jul 1, 2026Gallagher Thomas JosephPresidentoption exercise352$229.57$81K323,743Jul 6, 2026
Jul 1, 2026Pesch Michael RobertVice Presidentoption exercise356$229.57$82K44,833Jul 6, 2026
Jun 2, 2026Cary Richard CController, CAOopen-market sale3,000$206.00$618K47,819Jun 2, 2026
Jun 1, 2026Johnson David SDirectoraward237$206.10$49K47,387Jun 2, 2026
Jun 1, 2026Miskel Christopher C.Directoraward194$206.10$40K10,642Jun 2, 2026
May 26, 2026Gallagher Patrick MurphyChief Operating Officergiftindirect14,698$0.00—98,105May 28, 2026
May 26, 2026Gallagher J Patrick JRCEO, Directorgift14,698$0.00—109,417May 28, 2026
May 12, 2026Caplan Deborah HDirectoraward1,110$0.00—2,650May 13, 2026
May 12, 2026Clarke Teresa HillaryDirectoraward1,110$0.00—5,567May 13, 2026
May 12, 2026Coldman David JohnDirectoraward1,110$0.00—16,344May 13, 2026
May 12, 2026Harries Richard de Winton WilkinDirectoraward1,110$0.00—2,413May 13, 2026
May 12, 2026Johnson David SDirectoraward1,110$0.00—47,150May 13, 2026

Full insider history for Arthur J. Gallagher & Co., or insider activity across all companies. A record of filings, not a recommendation.

Sources

Fiscal year ends in month 12; periods are labeled with the issuer's own fiscal calendar. Values are as most recently filed (restatements apply; per-share values are on current split basis per the connector's split table, flagged in adjusted). Flow items flagged in `derived` were computed (Q4 = FY − nine months; quarterly cash flow differenced from year-to-date filings) rather than read from a filing. `reconciliation.repaired` lists periods where a full-year figure was filed in a quarter slot: that row was dropped and the quarter rebuilt from the annual figure. `reconciliation.quarantined` lists periods where four filed quarters do not sum to the filed year — those quarterly values are withheld, so a blank there is a withholding rather than an absence of reporting.

Filer
ARTHUR J. GALLAGHER & CO., CIK 354190 on EDGAR
Extract generated
August 27, 2026
Withheld
1 line-years whose four quarters do not sum to the filed year: pretax income FY2013
Repaired
2 quarters where a full-year figure was filed in a quarter slot and the quarter was rebuilt: income tax FY2013, income tax FY2020
XBRL concepts behind each line

Income statement

Revenue: RevenueFromContractWithCustomerExcludingAssessedTax
Cost of revenue: CostOfGoodsAndServicesSold, CostOfRevenue
Gross profit: not filed
Research and development: not filed
Selling, general and administrative: not filed
Operating income: not filed
Other income (expense): not filed
Pretax income: IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest, IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
Income tax: IncomeTaxExpenseBenefit
Net income: NetIncomeLoss
Diluted EPS ($): EarningsPerShareDiluted
Diluted shares (millions): not filed

Balance sheet

Cash and equivalents: CashAndCashEquivalentsAtCarryingValue
Short-term investments: not filed
Total current assets: AssetsCurrent
Total assets: Assets
Total current liabilities: LiabilitiesCurrent
Long-term debt: LongTermDebtNoncurrent
Total liabilities: Liabilities
Stockholders’ equity: StockholdersEquity
Shares outstanding (millions): dei:EntityCommonStockSharesOutstanding

Cash flow statement

Operating cash flow: NetCashProvidedByUsedInOperatingActivities
Capital expenditures: PaymentsToAcquirePropertyPlantAndEquipment
Free cash flow (CFO − capex): not filed
Depreciation and amortization: DepreciationAmortizationAndAccretionNet
Share repurchases: PaymentsForRepurchaseOfCommonStock
Dividends paid: PaymentsOfDividendsCommonStock

The data

The statements on this page as files, generated August 27, 2026.

JSON file
/data/financials/AJG.json