Rankings
▼
Calendar
AJG (Arthur J. Gallagher & Co.) Stock Financials & Earnings | Market Cap Arena
AJG
Arthur J. Gallagher & Co.
Mkt Cap
$55B
Financial Services
·
Insurance - Brokers
·
🇺🇸 United States
·
NYSE
Revenue (TTM)
$13.9B
Net Income (TTM)
$1.5B
EPS (TTM)
$5.75
Free Cash Flow (TTM)
$1.1B
Gross Margin
54.8%
Op. Margin
18.3%
Net Margin
10.7%
FCF Margin
7.7%
P/S Ratio (TTM)
3.9x
P/E Ratio (TTM)
36.7x
YoY Rev Growth
+20.7%
Employees
—
Earnings Reports
▶
Q4 2025
Browse All Reports
Quarterly
FY
Revenue & Profitability
Revenue
Gross Profit
Operating Income
Quarter
Revenue
Gross Profit
Op. Income
Q1 23
$2.7B
$1.3B
$716M
Q2 23
$2.4B
$994M
$385M
Q3 23
$2.5B
$1.0B
$434M
Q4 23
$2.4B
$971M
$331M
Q1 24
$3.3B
$1.5B
$849M
Q2 24
$2.8B
$1.1B
$479M
Q3 24
$2.8B
$1.1B
$481M
Q4 24
$2.7B
$1.1B
$474M
Q1 25
$3.7B
$1.8B
$1.0B
Q2 25
$3.2B
$1.4B
$624M
Q3 25
$3.4B
$3.0B
$537M
Q4 25
$3.6B
$1.4B
$341M
marketcaparena.com
Revenue Breakdown
AJG
Arthur J. Gallagher & Co.
Revenue Breakdown
Q4 2025
marketcaparena.com
Valuation
P/S Ratio
P/E Ratio
Quarter
P/S
P/E
Q1 23
6.2x
47.2x
Q2 23
6.0x
49.3x
Q3 23
5.7x
48.2x
Q4 23
5.4x
56.6x
Q1 24
5.2x
50.2x
Q2 24
5.0x
48.1x
Q3 24
4.9x
46.8x
Q4 24
4.7x
37.5x
Q1 25
4.6x
35.2x
Q2 25
4.4x
33.4x
Q3 25
4.2x
34.2x
Q4 25
3.9x
36.7x
marketcaparena.com
Operating Cash Flow
Operating Cash Flow
Free Cash Flow
Quarter
Operating CF
Free CF
Q1 23
$429M
$399M
Q2 23
$12M
-$47M
Q3 23
$897M
$838M
Q4 23
$694M
$648M
Q1 24
$789M
$760M
Q2 24
$120M
$88M
Q3 24
$935M
$898M
Q4 24
$739M
$696M
Q1 25
$872M
$844M
Q2 25
-$426M
-$466M
Q3 25
$731M
$694M
Q4 25
$0
$0
marketcaparena.com
Capital Expenditures
CapEx
Quarter
CapEx
Q1 23
$30M
Q2 23
$59M
Q3 23
$59M
Q4 23
$46M
Q1 24
$30M
Q2 24
$32M
Q3 24
$37M
Q4 24
$44M
Q1 25
$28M
Q2 25
$39M
Q3 25
$38M
Q4 25
$0
marketcaparena.com
OpEx vs Revenue Growth (YoY)
Revenue Growth
OpEx Growth
Quarter
Revenue Growth
OpEx Growth
Q1 23
+11.2%
+9.8%
Q2 23
+19.7%
+23.9%
Q3 23
+21.8%
+22.4%
Q4 23
+20.8%
+21.8%
Q1 24
+20.3%
+21.0%
Q2 24
+13.7%
+11.6%
Q3 24
+12.6%
+13.0%
Q4 24
+11.4%
+6.4%
Q1 25
+14.5%
+11.3%
Q2 25
+16.0%
+13.0%
Q3 25
+19.9%
+21.6%
Q4 25
+33.6%
+46.6%
marketcaparena.com
Stock-Based Compensation
SBC ($)
% of Revenue
Quarter
SBC ($)
% of Revenue
Q1 23
$4M
0.1%
Q2 23
$8M
0.3%
Q3 23
$9M
0.4%
Q4 23
$10M
0.4%
Q1 24
$11M
0.3%
Q2 24
$10M
0.4%
Q3 24
$11M
0.4%
Q4 24
$10M
0.4%
Q1 25
$28M
0.8%
Q2 25
$12M
0.4%
Q3 25
$12M
0.4%
Q4 25
$0
0.0%
marketcaparena.com
OpEx Breakdown
G&A
Quarter
G&A
Q1 23
$1.4B
Q2 23
$1.4B
Q3 23
$1.4B
Q4 23
$1.4B
Q2 24
$1.6B
Q3 24
$1.6B
Q4 24
$6.5B
Q1 25
$1.9B
Q2 25
$1.8B
Q3 25
$2.6B
Q4 25
$667M
marketcaparena.com
Revenue Segments
Brokerage Segment
Corporate Segment
Risk Management Segment
Commissions
Contingent Revenue
Investment Performance
Supplemental Revenue Member
Quarter
Brokerage Segment
Corporate Segment
Risk Management Segment
Commissions
Contingent Revenue
Investment Performance
Supplemental Revenue Member
Q1 23
$2.4B
$100K
$331M
—
—
—
—
Q2 23
$2.1B
—
$354M
—
—
—
—
Q3 23
$2.1B
$500K
$369M
—
—
—
—
Q4 23
$2.1B
$1M
$379M
—
—
—
—
Q1 24
$2.9B
$400K
$391M
—
—
—
—
Q2 24
$827M
—
—
$1.7B
$60M
$99M
$89M
Q3 24
$945M
—
—
$1.5B
$69M
$135M
$79M
Q1 25
$985M
—
—
$2.2B
$93M
$248M
$114M
Q2 25
$962M
—
—
$1.8B
$73M
$233M
$103M
Q3 25
$1.1B
—
—
$1.9B
$75M
$167M
$118M
Q4 25
$1.2B
—
—
$2.1B
$83M
$122M
$132M
marketcaparena.com
Revenue by Geography
Australia
Canada
New Zealand
Other Foreign
United Kingdom
United States
Quarter
Australia
Canada
New Zealand
Other Foreign
United Kingdom
United States
Q1 23
$98M
$95M
$42M
$191M
$525M
$1.8B
Q2 23
$121M
$106M
$57M
$120M
$539M
$1.5B
Q3 23
$118M
$92M
$54M
$127M
$439M
$1.7B
Q4 23
$129M
$111M
$55M
$136M
$491M
$1.5B
Q1 24
$121M
$105M
$44M
$253M
$599M
$2.1B
Q2 24
$147M
$112M
$58M
$150M
$589M
$1.7B
Q3 24
$152M
$95M
$55M
$142M
$513M
$1.8B
Q4 24
$155M
$104M
$53M
$156M
$525M
$1.7B
Q1 25
$125M
$101M
$40M
$302M
$697M
$2.5B
Q2 25
$156M
$106M
$58M
$182M
$671M
$2.0B
Q3 25
$151M
$90M
$55M
$187M
$513M
$2.4B
Q4 25
$155M
$98M
$55M
$216M
$597M
$2.5B
marketcaparena.com
War Chest
Cash & Equivalents
Short-Term Investments
Quarter
Cash
Short-term Investments
Total
Q1 23
$1.5B
$0
$1.5B
Q2 23
$952M
$0
$952M
Q3 23
$1.0B
$0
$1.0B
Q4 23
$972M
$0
$972M
Q1 24
$1.8B
$3M
$1.8B
Q2 24
$1.4B
$5M
$1.4B
Q3 24
$2.0B
$20M
$2.0B
Q4 24
$15.0B
$6M
$15.0B
Q1 25
$16.7B
$10M
$16.7B
Q2 25
$14.3B
$27M
$14.3B
Q3 25
$1.4B
$12M
$1.4B
Q4 25
$1.4B
$0
$1.4B
marketcaparena.com
Shares Outstanding
Shares Outstanding
Quarter
Shares (Diluted)
QoQ Change
Q1 23
217M
+0.5%
Q2 23
219M
+0.9%
Q3 23
220M
+0.5%
Q4 23
216M
-1.8%
Q1 24
222M
+2.6%
Q2 24
223M
+0.4%
Q3 24
224M
+0.4%
Q4 24
231M
+3.2%
Q1 25
259M
+12.3%
Q2 25
260M
+0.4%
Q3 25
260M
-0.0%
Q4 25
260M
-0.0%
marketcaparena.com
Revenue Per Employee
Revenue / Employee
Year
Revenue/Employee
Employees
FY 14
$229K
20K
FY 15
$251K
22K
FY 16
$229K
25K
FY 17
$233K
27K
FY 18
$228K
30K
FY 19
$214K
33K
FY 20
$216K
32K
FY 21
$210K
39K
FY 22
$194K
44K
FY 23
$194K
52K
FY 24
$206K
56K
FY 25
$194K
72K
marketcaparena.com