Arthur J. Gallagher & Co. (AJG) Financials

$201.87 +4.96 (+2.52%)

Closing price 05/7/2026 03:59 PM Eastern

Extended Trading

$203.65 +1.78 (+0.88%)

As of 05/7/2026 07:51 PM Eastern

Annual Income Statements for Arthur J. Gallagher & Co.

This table shows Arthur J. Gallagher & Co.'s income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Income / (Loss) Attributable to Common Shareholders	357	397	481	634	669	819	907	1,114	970	1,463	1,494
Consolidated Net Income / (Loss)	389	430	517	676	716	858	955	1,116	966	1,471	1,503
Net Income / (Loss) Continuing Operations	389	298	517	676	716	858	955	1,116	966	1,471	1,503
Total Pre-Tax Income	294	334	360	479	626	871	975	1,327	1,185	1,875	1,871
Total Revenue	1,599	5,439	6,113	6,934	7,015	6,807	7,983	8,294	9,775	11,174	13,303
Net Interest Income / (Expense)	-49	-110	0.00	0.00	-180	-196	-226	-257	-297	-381	-639
Total Interest Income	54	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Interest Expense	103	110	0.00	0.00	180	196	226	257	297	381	639
Long-Term Debt Interest Expense	103	110	-	-	180	196	226	257	297	381	639
Total Non-Interest Income	1,648	5,548	6,113	6,934	7,195	7,004	8,209	8,551	10,072	11,555	13,942
Premiums Earned	-	5,548	-	-	-	6,852	8,076	8,420	9,927	11,401	13,778
Other Non-Interest Income	179	-	6,113	6,934	7,195	152	133	131	145	154	164
Total Non-Interest Expense	1,306	5,237	5,753	6,455	6,389	5,936	7,008	6,967	8,590	9,299	11,432
Salaries and Employee Benefits	90	2,537	2,747	3,026	3,340	3,467	3,928	4,800	5,681	6,522	7,842
Other Operating Expenses	841	2,317	2,589	3,000	2,560	1,940	2,379	1,484	1,834	1,908	2,422
Depreciation Expense	94	104	121	128	140	145	151	145	165	178	206
Amortization Expense	240	247	265	291	334	417	415	455	532	665	916
Restructuring Charge	41	32	31	9.60	15	-33	120	83	378	26	46
Income Tax Expense	-96	-97	-157	-197	-90	13	20	211	219	404	368
Net Income / (Loss) Attributable to Noncontrolling Interest	32	34	36	42	47	39	48	1.80	-4.00	8.00	9.00
Basic Earnings per Share	$2.07	$2.23	$2.67	$3.47	$3.60	$4.29	$4.47	$5.30	$4.51	$6.63	$5.83
Weighted Average Basic Shares Outstanding	172.20M	177.60M	180.10M	182.70M	188.25M	193.74M	208.54M	212.09M	216.80M	254.70M	257.10M
Diluted Earnings per Share	$2.06	$2.22	$2.64	$3.40	$3.52	$4.20	$4.37	$5.19	$4.42	$6.50	$5.74
Weighted Average Diluted Shares Outstanding	172.20M	177.60M	180.10M	182.70M	188.25M	193.74M	208.54M	212.09M	216.80M	254.70M	257.10M
Weighted Average Basic & Diluted Shares Outstanding	172.20M	177.60M	180.10M	182.70M	188.25M	193.74M	208.54M	212.09M	216.80M	254.70M	257.10M
Cash Dividends to Common per Share	$1.48	$1.52	$1.56	$1.64	$1.72	$1.80	$1.92	$2.04	$2.20	$2.40	$2.60

This table shows Arthur J. Gallagher & Co.'s income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025
Period end date	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025
Net Income / (Loss) Attributable to Common Shareholders	235	281	-32	608	283	313	258	704	366	273	151
Consolidated Net Income / (Loss)	236	283	-40	613	285	314	258	709	366	274	154
Net Income / (Loss) Continuing Operations	236	283	-40	613	285	314	258	709	366	274	154
Total Pre-Tax Income	297	364	-82	773	366	403	333	873	471	347	180
Total Revenue	2,364	2,419	2,354	3,165	2,681	2,714	2,614	3,569	3,062	3,205	3,467
Net Interest Income / (Expense)	-78	-73	-78	-92	-94	-93	-102	-158	-159	-161	-161
Total Interest Expense	78	73	78	92	94	93	102	158	159	161	161
Long-Term Debt Interest Expense	78	73	78	92	94	93	102	158	159	161	161
Total Non-Interest Income	2,442	2,492	2,432	3,257	2,775	2,807	2,716	3,727	3,221	3,366	3,628
Premiums Earned	2,407	2,454	2,393	3,218	2,736	2,767	2,680	3,688	3,178	3,325	3,586
Other Non-Interest Income	35	38	39	39	39	40	36	39	43	40	42
Total Non-Interest Expense	2,067	2,055	2,436	2,392	2,316	2,311	2,281	2,696	2,591	2,858	3,287
Salaries and Employee Benefits	1,413	1,425	1,428	1,726	1,620	1,622	1,554	1,898	1,803	1,932	2,209
Other Operating Expenses	469	461	489	474	465	494	475	529	562	621	709
Depreciation Expense	41	43	44	45	41	45	46	44	50	54	58
Amortization Expense	135	129	146	162	171	165	167	209	181	222	303
Restructuring Charge	9.40	-2.50	329	-16	19	-15	39	16	-5.60	29	6.90
Income Tax Expense	62	81	-43	160	80	89	75	164	105	73	26
Net Income / (Loss) Attributable to Noncontrolling Interest	1.30	2.50	-7.40	4.30	2.00	1.50	-0.10	4.50	0.40	0.90	3.20
Basic Earnings per Share	$1.09	$1.30	($0.17)	$2.80	$1.30	$1.43	$1.10	$2.76	$1.43	$1.06	$0.58
Weighted Average Basic Shares Outstanding	215.51M	215.90M	216.80M	218.50M	219.10M	219.40M	254.70M	256.10M	256.40M	256.80M	257.10M
Diluted Earnings per Share	$1.07	$1.28	($0.17)	$2.74	$1.27	$1.39	$1.10	$2.72	$1.40	$1.04	$0.58
Weighted Average Diluted Shares Outstanding	215.51M	215.90M	216.80M	218.50M	219.10M	219.40M	254.70M	256.10M	256.40M	256.80M	257.10M
Weighted Average Basic & Diluted Shares Outstanding	215.51M	215.90M	216.80M	218.50M	219.10M	219.40M	254.70M	256.10M	256.40M	256.80M	257.10M
Cash Dividends to Common per Share	$0.55	$0.55	$0.55	$0.60	$0.60	$0.60	$0.60	$0.65	$0.65	$0.65	$0.65

This table details how cash moves in and out of Arthur J. Gallagher & Co.'s business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Change in Cash & Equivalents	211	45	367	-68	387	950	892	498	1,579	13,925	-11,930
Net Cash From Operating Activities	1,118	650	854	765	1,191	1,807	1,392	1,390	2,032	2,583	1,930
Net Cash From Continuing Operating Activities	1,118	650	854	765	1,191	1,807	1,392	1,390	2,032	2,583	1,930
Net Income / (Loss) Continuing Operations	389	430	517	676	716	858	955	1,116	966	1,471	1,503
Consolidated Net Income / (Loss)	389	430	517	676	716	858	955	1,116	966	1,471	1,503
Depreciation Expense	334	351	386	419	474	562	566	600	697	843	1,122
Amortization Expense	23	29	34	42	47	61	69	85	105	117	148
Non-Cash Adjustments to Reconcile Net Income	4.40	-20	-37	-62	-239	-154	-205	-311	8.00	85	-350
Changes in Operating Assets and Liabilities, net	368	-140	-45	-309	193	479	7.40	-100	256	67	-493
Net Cash From Investing Activities	-369	-485	-511	-910	-1,449	-471	-3,432	-1,005	-3,293	-1,587	-15,876
Net Cash From Continuing Investing Activities	-369	-485	-511	-910	-1,449	-471	-3,432	-1,005	-3,293	-1,587	-15,876
Purchase of Property, Leasehold Improvements and Equipment	-99	-218	-129	-124	-139	-99	-129	-183	-194	-142	-145
Acquisitions	-250	-	-376	-785	-1,267	-324	-3,251	-765	-3,042	-1,462	-15,766
Purchase of Investment Securities	-30	-32	-8.90	-16	-124	-56	-68	-68	-67	-3.00	18
Sale and/or Maturity of Investments	9.20	7.80	3.20	15	81	8.20	16	11	10	20	17
Net Cash From Financing Activities	-61	-12	-48	162	638	-505	2,996	213	2,874	13,052	1,713
Net Cash From Continuing Financing Activities	-61	-12	-48	162	638	-505	2,996	213	2,874	13,052	1,713
Issuance of Debt	849	3,066	3,991	3,475	5,040	2,630	2,957	2,369	5,429	7,215	2,546
Issuance of Common Equity	203	52	60	82	101	112	1,547	123	120	8,507	1,499
Repayment of Debt	-794	-2,669	-3,731	-3,001	-4,045	-2,710	-1,198	-2,530	-3,568	-1,948	-1,218
Payment of Dividends	-258	-272	-283	-356	-321	-347	-392	-430	-474	-525	-667
Other Financing Activities, Net	-62	-87	-68	-26	-137	-189	82	680	1,367	-197	-447
Effect of Exchange Rate Changes	-	-108	72	-85	6.10	120	-65	-100	-34	-123	303

This table details how cash moves in and out of Arthur J. Gallagher & Co.'s business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025
Period end date	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025
Net Change in Cash & Equivalents	851	-157	-242	538	-243	1,457	12,174	1,771	-1,433	-12,466	198
Net Cash From Operating Activities	12	897	694	789	120	935	739	872	-426	731	753
Net Cash From Continuing Operating Activities	12	897	694	789	120	935	739	872	-426	731	753
Net Income / (Loss) Continuing Operations	236	283	-40	613	285	314	258	709	366	274	154
Consolidated Net Income / (Loss)	236	283	-40	613	285	314	258	709	366	274	154
Depreciation Expense	176	172	190	208	212	210	213	253	231	276	362
Amortization Expense	26	28	28	27	31	30	30	28	33	40	47
Non-Cash Adjustments to Reconcile Net Income	-40	7.50	40	135	-53	-12	96	156	-545	36	3.10
Changes in Operating Assets and Liabilities, net	-384	407	475	-193	-356	393	143	-275	-510	105	187
Net Cash From Investing Activities	-809	-327	-1,901	-192	-308	-230	-857	-275	-1,345	-13,784	-472
Net Cash From Continuing Investing Activities	-809	-327	-1,901	-192	-308	-230	-857	-275	-1,345	-13,784	-472
Purchase of Property, Leasehold Improvements and Equipment	-59	-59	-46	-30	-32	-37	-44	-28	-39	-38	-40
Acquisitions	-738	-134	-1,858	-251	-267	-151	-793	-332	-1,330	-13,651	-454
Purchase of Investment Securities	-16	-136	0.10	89	-10	-62	-19	83	24	-99	10
Sale and/or Maturity of Investments	4.70	1.40	3.70	0.10	1.60	20	-1.50	1.80	0.40	3.30	12
Net Cash From Financing Activities	1,602	-669	982	-5.40	-54	612	12,500	1,107	210	569	-173
Net Cash From Continuing Financing Activities	1,602	-669	982	-5.40	-54	612	12,500	1,107	210	569	-173
Issuance of Debt	1,270	417	2,243	1,645	585	-568	-	0.60	2.70	1,200	1,343
Issuance of Common Equity	36	34	20	52	42	45	8,369	1,335	44	103	18
Repayment of Debt	-995	-819	-1,007	-1,317	-593	1,180	4,272	-73	690	-545	-1,291
Payment of Dividends	-119	-119	-119	-131	-131	-132	-132	-166	-167	-167	-168
Other Financing Activities, Net	1,410	-182	-156	-255	43	86	-8.30	10	-360	-23	-75
Effect of Exchange Rate Changes	45	-58	-17	-55	-1.00	141	-209	68	128	18	90

This table presents Arthur J. Gallagher & Co.'s assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Total Assets	10,911	11,490	14,910	16,334	19,635	22,331	33,345	38,358	51,616	64,255	70,665
Cash and Due from Banks	480	546	681	607	605	665	403	738	972	14,987	1,396
Loans and Leases, Net of Allowance	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Premises and Equipment, Net	249	378	412	437	467	451	501	576	726	650	789
Goodwill	3,663	3,768	4,165	4,626	5,619	6,127	8,666	9,489	11,476	12,270	22,593
Intangible Assets	1,699	1,627	1,645	1,773	2,319	2,400	3,954	3,372	4,633	4,530	10,684
Other Assets	1,673	1,935	2,300	2,404	3,187	3,344	4,005	24,182	33,809	31,818	35,203
Total Liabilities & Shareholders' Equity	10,911	11,490	14,910	16,334	19,635	22,331	33,345	38,358	51,616	64,255	70,665
Total Liabilities	7,222	7,834	10,610	11,764	14,419	16,099	24,785	29,168	40,801	44,075	47,318
Short-Term Debt	3,122	3,574	5,276	6,105	6,969	7,860	14,091	310	670	200	640
Accrued Interest Payable	813	772	948	1,055	1,348	1,596	1,895	2,003	2,553	3,586	4,017
Other Short-Term Payables	115	140	355	379	434	476	521	18,783	27,553	25,249	27,636
Long-Term Debt	2,209	2,270	2,843	3,245	3,987	4,470	6,039	5,805	7,295	12,957	12,330
Other Long-Term Liabilities	964	1,078	1,188	979	1,682	1,698	2,240	2,267	2,730	2,083	2,695
Total Equity & Noncontrolling Interests	3,688	3,656	4,300	4,570	5,216	6,233	8,560	9,190	10,815	20,180	23,347
Total Preferred & Common Equity	3,638	3,597	4,236	4,499	5,156	6,186	8,508	9,144	10,775	20,154	23,321
Total Common Equity	3,638	3,597	4,236	4,499	5,156	6,186	8,508	9,144	10,775	20,154	23,321
Common Stock	3,386	3,444	3,569	3,726	4,014	4,458	6,352	6,722	7,515	16,319	18,040
Retained Earnings	775	916	1,222	1,559	1,901	2,372	2,882	3,562	4,053	4,986	5,806
Accumulated Other Comprehensive Income / (Loss)	-523	-764	-555	-786	-760	-644	-726	-1,140	-792	-1,151	-525
Noncontrolling Interest	50	59	64	71	60	47	52	47	40	26	26

This table presents Arthur J. Gallagher & Co.'s assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025
Period end date	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025
Total Assets	45,094	54,365	53,204	51,616	60,976	63,008	57,243	64,255	74,096	80,123	79,068
Cash and Due from Banks	1,550	952	1,028	972	1,763	1,415	2,022	14,987	16,692	14,300	1,399
Loans and Leases, Net of Allowance	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Premises and Equipment, Net	581	641	649	726	705	655	660	650	647	691	803
Goodwill	9,703	10,514	10,469	11,476	11,532	11,916	12,193	12,270	12,715	13,740	22,213
Intangible Assets	3,404	3,720	3,585	4,633	4,622	4,389	4,353	4,530	4,532	5,132	10,754
Other Assets	29,856	38,538	37,473	33,809	42,355	44,632	38,014	31,817	39,510	46,260	43,898
Total Liabilities & Shareholders' Equity	45,094	54,365	53,204	51,616	60,976	63,008	57,243	64,255	74,096	80,123	79,068
Total Liabilities	35,236	43,925	42,694	40,801	49,632	51,408	45,033	44,076	51,742	57,066	55,831
Short-Term Debt	675	920	425	670	108	280	200	200	515	640	770
Accrued Interest Payable	2,231	2,062	2,431	2,553	3,467	3,108	3,223	3,586	3,970	2,820	3,514
Other Short-Term Payables	24,030	32,416	31,339	27,553	35,877	38,014	31,517	25,249	32,399	38,922	36,239
Long-Term Debt	6,182	6,214	6,303	7,295	8,174	7,999	8,052	12,957	12,573	12,255	12,338
Other Long-Term Liabilities	2,118	2,314	2,196	2,730	2,006	2,008	2,042	2,083	2,286	2,429	2,970
Total Equity & Noncontrolling Interests	9,858	10,440	10,510	10,815	11,344	11,599	12,210	20,180	22,354	23,056	23,237
Total Preferred & Common Equity	9,818	10,396	10,464	10,775	11,301	11,573	12,184	20,154	22,320	23,023	23,206
Total Common Equity	9,818	10,396	10,464	10,775	11,301	11,573	12,184	20,154	22,320	23,023	23,206
Common Stock	6,989	7,234	7,322	7,515	7,721	7,831	7,917	16,319	17,731	17,803	17,962
Retained Earnings	3,930	4,045	4,206	4,053	4,529	4,681	4,861	4,986	5,523	5,721	5,825
Accumulated Other Comprehensive Income / (Loss)	-1,101	-883	-1,065	-792	-949	-939	-593	-1,151	-934	-500	-581
Noncontrolling Interest	41	44	47	40	43	27	26	26	34	33	31

This table displays calculated financial ratios and metrics derived from Arthur J. Gallagher & Co.'s official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$2.07	$2.33	$2.57	$3.47	$3.60	$4.29	$4.47	$5.30	$4.51	$6.63	$5.83
Adjusted Weighted Average Basic Shares Outstanding	177.03M	178.62M	181.43M	184.06M	188.25M	193.74M	208.54M	212.09M	216.80M	254.70M	257.10M
Adjusted Diluted Earnings per Share	$2.06	$2.32	$2.54	$3.40	$3.52	$4.20	$4.37	$5.19	$4.42	$6.50	$5.74
Adjusted Weighted Average Diluted Shares Outstanding	177.03M	178.62M	181.43M	184.06M	188.25M	193.74M	208.54M	212.09M	216.80M	254.70M	257.10M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	177.03M	178.62M	181.43M	184.06M	188.25M	193.74M	208.54M	212.09M	216.80M	254.70M	257.10M
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-

This table displays calculated financial ratios and metrics derived from Arthur J. Gallagher & Co.'s official financial filings.

Metric	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025
Period end date	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$1.09	$1.30	($0.17)	$2.80	$1.30	$1.43	$1.10	$2.76	$1.43	$1.06	$0.58
Adjusted Weighted Average Basic Shares Outstanding	215.51M	215.90M	216.80M	218.50M	219.10M	219.40M	254.70M	256.10M	256.40M	256.80M	257.10M
Adjusted Diluted Earnings per Share	$1.07	$1.28	($0.17)	$2.74	$1.27	$1.39	$1.10	$2.72	$1.40	$1.04	$0.58
Adjusted Weighted Average Diluted Shares Outstanding	215.51M	215.90M	216.80M	218.50M	219.10M	219.40M	254.70M	256.10M	256.40M	256.80M	257.10M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	215.51M	215.90M	216.80M	218.50M	219.10M	219.40M	254.70M	256.10M	256.40M	256.80M	257.10M
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-

Financials Breakdown Chart

Key Financial Trends

Arthur J. Gallagher & Co. (AJG) has shown a solid revenue base and improving cash generation in the latest quarters, with premiums earned and non-interest income driving much of the growth. While net income per quarter has fluctuated due to charges and taxes, the company has continued to expand its asset and equity base, and maintain a regular dividend. Below are the notable trends from the last four years of quarterly data, highlighting what may matter to a retail investor.

Total Revenue growth: Revenue rose from about $2.61B in Q4 2024 to about $3.47B in Q4 2025, signaling improving topline performance.
P premiums Earned expansion: Premiums Earned grew from roughly $2.68B in Q4 2024 to about $3.59B in Q4 2025, underscoring a healthy core insurance-denominated revenue stream.
Total Non-Interest Income increase: Total Non-Interest Income rose from around $2.72B in Q4 2024 to about $3.63B in Q4 2025, indicating a stronger diversification of earnings beyond net interest income.
Cash from operations remains robust: Net cash from continuing operating activities was about $753M in Q4 2025, consistent with solid quarterly cash generation.
Liquidity improvement in Q4 2025: Net Change in Cash & Equivalents turned positive in Q4 2025 (about $198M), following a tougher Q3 2025 quarter, signaling improved liquidity positioning.
Balance sheet expansion supports growth capacity: Total assets grew to roughly $79.1B by Q3 2025 from about $64.3B at the end of 2024, reflecting a larger asset base to support activities.
Equity base strength: Total equity (including noncontrolling interests) climbed toward about $23.2B by Q3 2025, indicating retained earnings and potential equity-based financing contributing to a stronger balance sheet.
Premiums and non-interest income mix: The mix of premiums earned and non-interest income remains a meaningful driver of revenue, helping reduce reliance on net interest income in a rising-rate or rate-volatile environment.
Steady dividend per share: Cash dividends per common share remained at around $0.65 across recent quarters, providing predictable income for shareholders.
Diversified earnings profile supports resilience: Growth in non-interest income and premiums earned suggests a diversified earnings mix beyond traditional interest income, which can help weather rate changes.

Earnings per share (EPS) volatility: Diluted EPS fluctuated quarter to quarter (e.g., about $1.04 in Q3 2025 vs $0.58 in Q4 2025, and much higher earlier in 2025). This reflects quarterly non-operating items, mix changes, and tax effects, making near-term EPS less predictable.
Some restructuring charges and one-time items: Restructuring charges and other adjustments appear across several quarters, which can dampen quarterly net income despite strong revenue.
Working capital-driven cash flow swings: Operating cash flow benefited in some quarters and was weaker in others (e.g., negative net cash from continuing operating activities in some mid-2025 quarters), indicating working capital fluctuations that can affect cash earnings in the short term.

Net income attributable to common shareholders declined in Q4 2025: Net income attributable to common shareholders dropped to about $151M in Q4 2025 from $258M in Q4 2024, which could temper near-term earnings expectations.
Quarterly cash balance volatility: The cash balance showed large quarter-to-quarter swings (e.g., Q2 2025 cash balance around $14.3B vs Q3 2025 around $1.4B), highlighting liquidity variability that investors should monitor.

05/08/26 03:42 AM ETAI Generated. May Contain Errors.

Frequently Asked Questions About Arthur J. Gallagher & Co.'s Financials

When does Arthur J. Gallagher & Co.'s fiscal year end?

According to the most recent income statement we have on file, Arthur J. Gallagher & Co.'s financial year ends in December. Their financial year 2025 ended on December 31, 2025.

How has Arthur J. Gallagher & Co.'s net income changed over the last 10 years?

Arthur J. Gallagher & Co.'s net income appears to be on an upward trend, with a most recent value of $1.50 billion in 2025, rising from $389.10 million in 2015. The previous period was $1.47 billion in 2024. View Arthur J. Gallagher & Co.'s forecast to see where analysts expect Arthur J. Gallagher & Co. to go next.

How has Arthur J. Gallagher & Co.'s revenue changed over the last 10 years?

Over the last 10 years, Arthur J. Gallagher & Co.'s total revenue changed from $1.60 billion in 2015 to $13.30 billion in 2025, a change of 731.9%.

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

Arthur J. Gallagher & Co.'s total liabilities were at $47.32 billion at the end of 2025, a 7.4% increase from 2024, and a 555.2% increase since 2015.

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

In the past 10 years, Arthur J. Gallagher & Co.'s cash and equivalents has ranged from $402.60 million in 2021 to $14.99 billion in 2024, and is currently $1.40 billion as of their latest financial filing in 2025.

Related Companies

Financial statements for NYSE:AJG last updated on 2/21/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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Arthur J. Gallagher & Co. (AJG) Financials

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Arthur J. Gallagher & Co. (AJG) Financials

Annual Income Statements for Arthur J. Gallagher & Co.

Quarterly Income Statements for Arthur J. Gallagher & Co.

Annual Cash Flow Statements for Arthur J. Gallagher & Co.

Quarterly Cash Flow Statements for Arthur J. Gallagher & Co.

Annual Balance Sheets for Arthur J. Gallagher & Co.

Quarterly Balance Sheets for Arthur J. Gallagher & Co.

Annual Metrics And Ratios for Arthur J. Gallagher & Co.

Quarterly Metrics And Ratios for Arthur J. Gallagher & Co.

Financials Breakdown Chart

Key Financial Trends

Frequently Asked Questions About Arthur J. Gallagher & Co.'s Financials

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