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Stocks AJG

Arthur J. Gallagher AJG

US equityMarket cap rank #278Insurance Brokers
$227.77
−$1.87 (-0.81%)
Market open · Sep 24, 1:10 pm ET
After hours $229.64 0.00%
Open$231.85
Prev close$229.64
Day range$226.84 – $233.19
Volume590.8K
Market cap$58.38B
P/E (TTM)37.8
Dividend yield1.19%

Fundamentals

Latest reported quarter: Q2, ended Jun 2026

Revenue$4.00B+24.2% YoY
Operating profit$588.00M-6.1% YoY
Net profit$324.00M-12.0% YoY
Diluted EPS$1.25-10.7% YoY
Free cash flow-$41.00M+91.2% YoY
Operating cash flow$10.00M

Revenue, last 8 quarters

$2.8BSep '24$2.7BDec '24$3.7BMar '25$3.2BJun '25$3.4BSep '25$3.6BDec '25$4.8BMar '26$4.0BJun '26

Net profit, last 8 quarters

$314.1MSep '24$258.8MDec '24$709.0MMar '25$368.0MJun '25$273.6MSep '25$154.3MDec '25$823.0MMar '26$324.0MJun '26

Diluted EPS by quarter

1.39Sep '241.12Dec '242.72Mar '251.40Jun '251.04Sep '250.58Dec '253.16Mar '261.25Jun '26

Free cash flow by quarter

$898.0MSep '24$695.7MDec '24$844.0MMar '25$-464.0MJun '25$691.6MSep '25$713.4MDec '25$921.0MMar '26$-41.0MJun '26

Annual revenue

$7.0BFY20$8.2BFY21$8.6BFY22$10.1BFY23$11.6BFY24$13.9BFY25

Profitability & balance sheet

Gross margin41.9%
Operating margin17.1%
Net margin10.0%
Return on equity6.7%
Return on assets1.9%
Return on invested capital5.6%
Current ratio1.05
Liabilities / assets71.0%
Cash & investments$1.39B
Total debt$14.11B
Net cash (debt)-$12.72B
Free cash flow / sales14.5%

Where the revenue comes from

Quarter 2026/Q2

By business line

  • Brokerage$3.50B 87.5%
  • Risk Management$501.00M 12.5%

Income statement

Line item 2026 Q2 2026 Q1 2025 ANNUAL 2025 Q4 2025 Q3
Total Revenue as Reported $4.00B $4.76B $13.94B $3.63B $3.37B
Total Operating Revenue $4.00B $4.76B $13.94B $3.63B $3.37B
Cost of Revenue $2.38B $2.56B $8.01B $2.25B $1.97B
Gross Profit $1.63B $2.20B $5.94B $1.38B $1.39B
Operating Expense $1.04B $982.00M $3.38B $1.03B $857.10M
Depreciation & Amortization & Depletion $358.00M $339.00M $1.12B $361.50M $276.30M
-Depreciation & Amortization $358.00M $339.00M $1.12B $361.50M $276.30M
Other Operating Expenses $679.00M $643.00M $2.26B $667.50M $580.80M
Operating Profit $588.00M $1.22B $2.56B $348.10M $536.60M
Net Non-Operating Interest Income (Expense) -$168.00M -$158.00M -$639.00M -$161.20M -$160.80M
Non-Operating Interest Expense $168.00M $158.00M $639.00M $161.20M $160.80M
Other Income (Expense) -$6.00M -$17.00M -$46.00M -$6.90M -$28.90M
Special Income (Charges) -$6.00M -$17.00M -$46.00M -$6.90M -$28.90M
-Less:Restructuring and Mergern & Acquisition $6.00M $17.00M $46.00M $6.90M $28.90M
Pretax Profit $414.00M $1.04B $1.87B $180.00M $346.90M
Tax $90.00M $220.00M $368.00M $25.70M $73.30M
Net Profit $324.00M $823.00M $1.50B $154.30M $273.60M
Profit from Continuing Operations $324.00M $823.00M $1.50B $154.30M $273.60M
Minority Interests $0.00 $1.00M $9.00M $3.20M $900,000.00
Net Income to Parent Company $324.00M $822.00M $1.49B $151.10M $272.70M
Net Income to Common Stockholders $324.00M $822.00M $1.49B $151.10M $272.70M
Basic EPS $1.26 $3.20 $5.83 $0.59 $1.06
Diluted EPS $1.25 $3.16 $5.74 $0.58 $1.04
Dividend Per Share $0.70 $0.70 $2.60 $0.65 $0.65

Balance sheet

Line item 2026 Q2 2026 Q1 2025 ANNUAL 2025 Q4 2025 Q3
Total Assets $81.81B $78.30B $70.67B $70.67B $79.07B
Total Current Assets $45.45B $42.02B $34.36B $34.36B $43.01B
Cash and Cash Equivalents & Short-Term Investments $1.39B $1.41B $1.40B $1.40B $1.40B
-Cash and Cash Equivalents $1.39B $1.41B $1.40B $1.40B $1.40B
Receivables $6.08B $5.96B $5.18B $5.18B $5.43B
-Accounts Receivable $6.08B $5.96B $5.18B $5.18B $5.43B
Restricted Cash $37.18B $33.87B $26.90B $26.90B $35.47B
Other Current Assets $807.00M $773.00M $548.00M $548.00M $711.00M
Total Non-Current Assets $36.36B $36.28B $36.31B $36.31B $36.06B
Net PPE $1.34B $1.35B $1.39B $1.39B $1.43B
-Gross PPE $1.34B $1.35B $2.87B $2.87B $1.43B
Goodwill and Other Intangible Assets $33.24B $33.32B $33.28B $33.28B $32.97B
-Goodwill $23.03B $22.96B $22.59B $22.59B $22.21B
-Other Intangible Assets $10.21B $10.37B $10.68B $10.68B $10.75B
Non-Current Deferred Assets $43.00M $43.00M $43.00M $43.00M $29.40M
Other Non-Current Assets $1.73B $1.57B $1.60B $1.60B $1.63B
Total Liabilities $58.06B $54.50B $47.32B $47.32B $55.83B
Total Current Liabilities $43.17B $39.53B $32.52B $32.52B $40.76B
Short-Term Debt and Capital Lease Obligation $1.65B $796.00M $866.00M $866.00M $1.01B
-Current Debt $1.65B $796.00M $866.00M $866.00M $1.01B
Current Deferred Liabilities $788.00M $809.00M $737.00M $737.00M $767.30M
Other Current Liabilities $37.18B $33.87B $26.90B $26.90B $35.47B
Total Non-Current Liabilities $14.89B $14.97B $14.80B $14.80B $15.07B
Long Term Debt and Capital Lease Obligation $12.45B $12.58B $12.62B $12.62B $12.68B
-Long Term Debt $11.96B $12.08B $12.10B $12.10B $12.10B
-Long Term Capital Lease Obligation $497.00M $499.00M $515.00M $515.00M $577.10M
Non-Current Deferred Liabilities $177.00M $177.00M $155.00M $155.00M $123.80M
Other Non-Current Liabilities $2.26B $2.22B $2.03B $2.03B $2.27B
Total Equity $23.75B $23.80B $23.35B $23.35B $23.24B
Stockholders' Equity $23.72B $23.78B $23.32B $23.32B $23.21B
Capital Stock $256.00M $257.00M $257.00M $257.00M $256.80M
-Common Stock $256.00M $257.00M $257.00M $257.00M $256.80M
Additional Paid-In Capital $17.57B $17.64B $17.78B $17.78B $17.71B
Retained Earnings $6.59B $6.45B $5.81B $5.81B $5.82B
Gains/Losses Not Affecting Retained Earnings -$694.00M -$566.00M -$525.00M -$525.00M -$581.30M
Minority Interests $30.00M $27.00M $26.00M $26.00M $31.10M
Current Deferred Assets $338.00M $338.00M
-Accumulated Depreciation -$1.48B -$1.48B

Cash flow

Line item 2026 Q2 2026 Q1 2025 ANNUAL 2025 Q4 2025 Q3
Operating Cash Flow $10.00M $957.00M $1.93B $753.00M $729.00M
Net cash flow from continuing operations $10.00M $957.00M $1.93B $753.00M $729.00M
Net Income from Continuing Operations $324.00M $823.00M $1.50B $154.30M $271.70M
Gain/Loss from Continuing Operations -$4.00M -$2.00M $31.00M -$13.90M $6.90M
Depreciation & Depletion & Amortization $358.00M $339.00M $1.12B $361.50M $275.50M
Deferred Tax -$11.00M $97.00M $61.00M $7.40M $26.60M
Other Non-Cash Items -$49.00M $5.00M -$297.00M $51.90M $60.10M
Change in Working Capital -$632.00M -$322.00M -$539.00M $180.10M $75.90M
-Change in Receivables -$80.00M -$869.00M -$278.00M $185.80M $217.20M
-Change in Payables and Accrued Expense -$651.00M $463.00M $52.00M $204.50M $16.50M
-Change in Other Current Assets -$48.00M $84.00M -$218.00M -$156.40M -$61.60M
Net cash flow from investing -$353.00M -$238.00M -$15.88B -$471.60M -$13.78B
Net Cash Flow from Continuing Investing Activities -$353.00M -$238.00M -$15.88B -$471.60M -$13.78B
Capital Expenditure -$51.00M -$36.00M -$145.00M -$39.60M -$37.40M
Net Business Purchase and Sale -$325.00M -$285.00M -$15.75B -$442.10M -$13.65B
Net Investment Purchase and Sale -$5.00M $1.00M $2.00M $1.10M -$100,000.00
Net Other Investing Changes $28.00M $82.00M $16.00M $9.00M -$99.00M
Financing Cash Flow $1.25B -$723.00M $1.71B -$172.90M $568.90M
Net Cash Flow from Continuing Financing Activities $1.25B -$723.00M $1.71B -$172.90M $568.90M
Net Issuance Payments Of Debt $732.00M -$107.00M -$212.00M -$143.30M $206.30M
Net Common Stock Issuance -$134.00M -$255.00M $1.50B $17.70M $103.30M
Cash Dividends Paid -$179.00M -$180.00M -$667.00M -$167.50M -$166.50M
Net Other Financing Charges $832.00M -$181.00M $1.09B $120.20M $425.80M
Ending Cash Balance $9.33B $8.48B $8.54B $8.54B $8.34B
Net Change in Cash $908.00M -$4.00M -$12.23B $108.50M -$12.49B
Beginning Cash Balance $8.48B $8.54B $20.47B $8.34B $20.81B
Effect of Exchange Rate Changes -$57.00M -$52.00M $303.00M $89.80M $18.20M
Free Cash Flow -$41.00M $921.00M $1.79B $713.40M $691.60M
-Change In Other Working Capital -$95.00M -$53.80M -$96.20M
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