Arthur J. Gallagher & Co. (AJG) quarterly income statement — complete revenue, gross profit & net income history
Arthur J. Gallagher & Co. (AJG) annual income statement — 30-year revenue, gross profit & net income history
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 |
|---|
| Revenue | 4B | 4.76B | 3.63B | 3.37B | 3.22B | 3.73B | 2.72B | 2.81B | 2.78B | 3.26B | 2.44B | 2.49B | 2.44B | 2.71B | 2.02B | 2.05B | 2.04B | 2.43B | 1.96B | 2.13B |
| Revenue Growth % | 24.29% | 27.65% | 33.58% | 19.91% | 16.05% | 14.45% | 11.41% | 12.63% | 13.66% | 20.35% | 20.79% | 21.84% | 19.69% | 11.18% | 2.82% | -4.15% | 5.55% | 12.63% | 14.52% | 15.61% |
| Medical Costs & Claims | 764M | 720M | 2.21B | 316.5M | 1.85B | 1.94B | 1.59B | 1.66B | 1.66B | 1.76B | 1.47B | 1.46B | 1.45B | 1.45B | 1.21B | 1.21B | 1.2B | 1.34B | 1.27B | 1.4B |
| Medical Cost Ratio % | 19.09% | 15.13% | 60.89% | 9.4% | 57.32% | 51.96% | 58.56% | 59.22% | 59.79% | 54.18% | 60.18% | 58.7% | 59.3% | 53.53% | 59.86% | 59.35% | 58.61% | 54.88% | 64.95% | 65.57% |
| Gross Profit | 3.24B | 4.04B | 1.42B | 3.05B | 1.37B | 1.79B | 1.13B | 1.14B | 1.12B | 1.49B | 970.8M | 1.03B | 993.9M | 1.26B | 810.2M | 831.5M | 844.5M | 1.1B | 688M | 734.7M |
| Gross Margin % | 80.91% | 84.87% | 39.11% | 90.6% | 42.68% | 48.04% | 41.44% | 40.78% | 40.21% | 45.82% | 39.82% | 41.3% | 40.7% | 46.47% | 40.14% | 40.65% | 41.39% | 45.12% | 35.05% | 34.43% |
| Gross Profit Growth % | 135.65% | 125.5% | 26.07% | 166.39% | 23.17% | 20% | 15.95% | 11.22% | 12.27% | 18.67% | 19.82% | 23.76% | 17.69% | 14.5% | 17.76% | 13.18% | 22.34% | 30.15% | 19.34% | 20.17% |
| Operating Expenses | 2.65B | 2.82B | 1.08B | 2.51B | 750.1M | 743.8M | 651.9M | 663.7M | 637.2M | 643.4M | 640.3M | 594.7M | 609.3M | 541.9M | 522.2M | 467M | 464.2M | 477.1M | 466.8M | 396.9M |
| OpEx / Revenue % | 66.23% | 59.27% | 29.71% | 74.65% | 23.29% | 19.95% | 24% | 23.65% | 22.96% | 19.76% | 26.27% | 23.86% | 24.95% | 20.03% | 25.87% | 22.83% | 22.75% | 19.6% | 23.78% | 18.6% |
| Depreciation & Amortization | 358M | 339M | 362M | 276.3M | 230.8M | 253.4M | 213M | 210M | 211.6M | 207.7M | 189.7M | 171.7M | 175.7M | 159.4M | 154M | 145.5M | 140.3M | 159.8M | 146.5M | 131.3M |
| Combined Ratio % | 85.31% | 74.4% | 90.6% | 84.06% | 80.61% | 71.91% | 82.56% | 82.87% | 82.75% | 73.94% | 86.44% | 82.57% | 84.25% | 73.56% | 85.73% | 82.18% | 81.36% | 74.48% | 88.73% | 84.17% |
| Operating Income | 588M | 1.22B | 341M | 536.6M | 624.4M | 1.05B | 473.7M | 480.9M | 478.7M | 848.8M | 330.5M | 434.4M | 384.6M | 715.5M | 288M | 364.5M | 380.3M | 621.1M | 221.2M | 337.8M |
| Operating Margin % | 14.69% | 25.6% | 9.4% | 15.94% | 19.39% | 28.09% | 17.44% | 17.13% | 17.25% | 26.06% | 13.56% | 17.43% | 15.75% | 26.44% | 14.27% | 17.82% | 18.64% | 25.52% | 11.27% | 15.83% |
| Operating Income Growth % | -5.83% | 16.34% | -28.01% | 11.58% | 30.44% | 23.34% | 43.33% | 10.7% | 24.47% | 18.63% | 14.76% | 19.18% | 1.13% | 15.2% | 30.2% | 7.9% | 30.37% | 32.88% | 4.24% | 23.15% |
| EBITDA | 946M | 1.56B | 703M | 812.9M | 855.2M | 1.3B | 686.7M | 690.9M | 690.3M | 1.06B | 520.2M | 606.1M | 560.3M | 874.9M | 442M | 510M | 520.6M | 780.9M | 367.7M | 469.1M |
| EBITDA Margin % | 23.63% | 32.72% | 19.38% | 24.15% | 26.55% | 34.88% | 25.28% | 24.62% | 24.87% | 32.44% | 21.34% | 24.32% | 22.95% | 32.33% | 21.9% | 24.94% | 25.52% | 32.08% | 18.73% | 21.98% |
| Interest Expense | 168M | 158M | 161M | 160.8M | 158.6M | 158.4M | 101.9M | 92.9M | 94.3M | 92.2M | 78.2M | 72.8M | 77.8M | 67.9M | 64M | 64.4M | 64.6M | 63.9M | 61.5M | 60.3M |
| Non-Operating Income | 6M | 17M | 0 | 28.9M | -5.6M | 15.8M | 26M | -15.3M | 18.8M | -16.1M | 334.5M | 0 | 9.4M | 41.8M | 102M | -14.9M | -36.6M | 19.5M | 46.7M | 46.1M |
| Pretax Income | 414M | 1.04B | 180M | 346.9M | 471.4M | 872.7M | 333.2M | 403.3M | 365.6M | 772.7M | -82.2M | 364.1M | 297.4M | 605.8M | 122M | 315M | 352.3M | 537.7M | 113M | 231.4M |
| Pretax Margin % | 10.34% | 21.92% | 4.96% | 10.31% | 14.64% | 23.41% | 12.27% | 14.37% | 13.17% | 23.73% | -3.37% | 14.61% | 12.18% | 22.39% | 6.04% | 15.4% | 17.27% | 22.09% | 5.76% | 10.84% |
| Income Tax | 90M | 220M | 26M | 73.3M | 105.2M | 163.8M | 75M | 89.2M | 80.2M | 160M | -42.6M | 80.9M | 61.6M | 119.2M | -13.5M | 58.7M | 67.2M | 98.6M | -7.9M | -7.2M |
| Effective Tax Rate % | 21.74% | 21.09% | 14.44% | 21.13% | 22.32% | 18.77% | 22.51% | 22.12% | 21.94% | 20.71% | 51.82% | 22.22% | 20.71% | 19.68% | -11.07% | 18.63% | 19.07% | 18.34% | -6.99% | -3.11% |
| Net Income | 323M | 822M | 151M | 272.7M | 365.8M | 704.4M | 258.3M | 312.6M | 283.4M | 608.4M | -32.2M | 280.7M | 234.5M | 486.5M | 135.5M | 255.8M | 284.2M | 438.7M | 109.4M | 225.1M |
| Net Margin % | 8.07% | 17.28% | 4.16% | 8.1% | 11.36% | 18.9% | 9.51% | 11.14% | 10.21% | 18.68% | -1.32% | 11.26% | 9.6% | 17.98% | 6.71% | 12.51% | 13.93% | 18.02% | 5.57% | 10.55% |
| Net Income Growth % | -11.7% | 16.7% | -41.54% | -12.76% | 29.08% | 15.78% | 902.17% | 11.36% | 20.85% | 25.06% | -123.76% | 9.73% | -17.49% | 10.9% | 23.86% | 13.64% | 49.42% | 14.81% | -23.07% | 27.46% |
| EPS (Diluted) | 1.25 | 3.16 | 0.58 | 1.05 | 1.40 | 2.72 | 1.12 | 1.39 | 1.27 | 2.74 | -0.15 | 1.28 | 1.07 | 2.24 | 0.63 | 1.19 | 1.33 | 2.05 | 0.51 | 1.06 |
| EPS Growth % | -10.71% | 16.18% | -48.21% | -24.46% | 10.24% | -0.73% | 846.67% | 8.59% | 18.69% | 22.32% | -123.81% | 7.56% | -19.55% | 9.27% | 23.53% | 12.26% | 44.57% | 6.77% | -29.17% | 17.78% |
| EPS (Basic) | 1.26 | 3.20 | 0.58 | 1.06 | 1.43 | 2.76 | 1.14 | 1.43 | 1.30 | 2.80 | -0.15 | 1.30 | 1.09 | 2.29 | 0.64 | 1.21 | 1.35 | 2.10 | 0.53 | 1.09 |
| Diluted Shares Outstanding | 258.69M | 259.82M | 260.34M | 260.41M | 260.44M | 259.42M | 231.06M | 223.9M | 222.9M | 222M | 216.33M | 220.2M | 219M | 217M | 215.83M | 215M | 214.3M | 213.5M | 212.86M | 211.5M |