Arthur J. Gallagher & Co. (AJG)
Arthur J. Gallagher & Co. brought in $16.4B of revenue over the twelve months to September 30, 2026, up 25.6% from a year earlier. Net income was $1.7B, a net margin of 10.4%. Operating cash flow minus capital spending left $1.8B of free cash flow in fiscal 2025. At September 30, 2026 it held $1.2B in cash against $11.7B of debt. Its latest periodic report to the SEC is the quarterly report (10-Q) filed on November 5, 2026.
Key facts about Arthur J. Gallagher & Co.
- Net worth
- Arthur J. Gallagher & Co. has a market value (market cap) of $72.3B at the latest share price, and shareholders' equity of $24B on its balance sheet at September 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
- Revenue and profit
- In fiscal 2025 revenue was $13.9B (+20.7% year on year), with net income of $1.5B. Over the 12 months to September 30, 2026: revenue $16.4B, net income $1.7B.
- Cash flow
- In fiscal 2025 operations brought in $1.9B of cash; after $145M of capital spending, free cash flow was $1.8B.
- Latest report
- The latest periodic report (quarterly report, 10-Q) was filed with the SEC on November 5, 2026 and covers the period to September 30, 2026. Open on SEC EDGAR
- Next earnings report
- Arthur J. Gallagher & Co.'s next report is expected around January 28, 2027. That is an estimate from its filing rhythm, not a date the company has announced.
- Dividend
- Arthur J. Gallagher & Co. declared dividends of $2.60 per share in fiscal 2025, a yield of 0.92% at the current price.
What Arthur J. Gallagher & Co. does
Arthur J. Gallagher & Co. provides commercial insurance brokerage, risk management, and human resources consulting services. The company helps business, institutional, and public-sector clients identify risks, purchase commercial insurance coverage, and manage employee benefit and compensation programs. Its shares trade on NYSE under the ticker AJG.
Revenue and profit by year
Key figures
| Fiscal year | Revenue | Net income | Diluted EPS | Free cash flow |
|---|---|---|---|---|
| 2025 | $13.9B | $1.5B | $5.74 | $1.8B |
| 2024 | $11.6B | $1.5B | $6.50 | $2.4B |
| 2023 | $10.1B | $970M | $4.42 | $1.8B |
| 2022 | $8.6B | $1.1B | $5.19 | $1.2B |
| 2021 | $8.2B | $906.8M | $4.37 | $1.3B |
| 2020 | $7B | $818.8M | $4.20 | $1.7B |
Earnings: every quarter and the next report date
Full financial statements: income, balance sheet and cash flow
Where AJG ranks in Finance
Dividends
Arthur J. Gallagher & Co. declared $2.60 per share in fiscal 2025. At the current price that is a yield of 0.92%. It paid out $667M in cash dividends, 45% of its net income.
| Fiscal year | Per share | Paid out | Of profit |
|---|---|---|---|
| 2025 | $2.60 | $667M | 45% |
| 2024 | $2.40 | $525M | 36% |
| 2023 | $2.20 | $474M | 49% |
| 2022 | $2.04 | $429.5M | 39% |
| 2021 | $1.92 | $392M | 43% |
| 2020 | $1.80 | $347.4M | 42% |
Latest SEC filings
What Arthur J. Gallagher & Co. has filed recently, newest first. Each links to the original document on SEC EDGAR.
- November 5, 2026Quarterly report 10-Q · period to September 30, 2026Revenue rose 18% to $4B versus the same quarter last year; diluted EPS $1.55 versus $1.04.
- October 29, 2026
- August 27, 2026
- August 14, 2026Form 13F-NT filing 13F-NT
- August 12, 2026Passive stake changed SCHEDULE 13G/A
- August 12, 2026Form N-PX filing N-PX
- August 6, 2026Passive stake changed SCHEDULE 13G/A
- August 5, 2026Quarterly report 10-Q · period to June 30, 2026Revenue rose 24% to $4B versus the same quarter last year; diluted EPS $1.25 versus $1.40.
- July 30, 2026
- July 29, 2026Other event 8-K
What is AJG worth? A DCF from its reported cash flow
Insider trades
What the people running Arthur J. Gallagher & Co. did with its shares, from the Form 4 filings they must send the SEC within two business days.
Insiders sold $25M worth of shares in the last 90 days and bought none on the open market.
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| November 4, 2026 | Ziebell William FVICE PRESIDENT | Exercised options | 23,510 | $2M |
| November 4, 2026 | Ziebell William FVICE PRESIDENT | Sold | 23,510 | $6.7M |
| November 2, 2026 | Mead Christopher EVICE PRESIDENT | Exercised options | 7,590 | $654K |
| November 2, 2026 | Mead Christopher EVICE PRESIDENT | Sold | 7,590 | $2.1M |
| November 2, 2026 | Howell Douglas KVP & Chief Financial Officer | Exercised options | 17,130 | $1.5M |
| November 2, 2026 | Howell Douglas KVP & Chief Financial Officer | Sold | 17,130 | $4.7M |
| November 2, 2026 | Howell Douglas KVP & Chief Financial Officer | Sold | 13,374 | $3.7M |
| November 2, 2026 | Howell Douglas KVP & Chief Financial Officer | Sold | 492 | $135.7K |
Who owns AJG
Three views from three kinds of SEC filings, each with its own date. They overlap and are not added up.
5% holders
| Holder | Of class | Filed |
|---|---|---|
| Vanguard Capital Management13G, passive | 7.49% | April 29, 2026 |
| Fmr LLC13G, passive with 1 related filers | 7.2% | August 6, 2026 |
| Capital World Investors13G, passive | 5% | August 12, 2026 |
Largest institutional holders
Positions that investment managers reported on Form 13F for the quarter ended June 30, 2026, largest first, with the change on the quarter ended March 31, 2026. Managers file 13F up to 45 days after a quarter ends. 1,288 managers reported a position.
| Holder | Shares | Change on quarter |
|---|---|---|
| BlackRock, Inc. | 19,822,870 | +515,074 |
| Fmr LLC | 18,645,620 | +4,024,657 |
| Vanguard Capital Management LLC | 16,777,183 | +77,285 |
| Jpmorgan Chase & Co | 14,356,764 | -5,211,283 |
| Capital World Investors | 12,511,991 | -1,305,729 |
| Vanguard Portfolio Management LLC | 12,454,725 | +35,446 |
| State Street Corp | 11,303,790 | +329,869 |
| Dodge & Cox | 9,363,634 | +2,008,719 |
| Norges Bank | 6,733,790 | new |
| Geode Capital Management, LLC | 6,298,870 | +55,230 |
| Eagle Capital Management LLC | 4,890,612 | +2,225,040 |
| Principal Financial Group Inc | 3,494,796 | +252,708 |
| Goldman Sachs Group Inc | 2,818,022 | +864,752 |
| Morgan Stanley | 2,591,858 | -1,464,317 |
| Capital Research Global Investors | 2,585,853 | -394,278 |
| Wcm Investment Management, LLC | 2,425,562 | +63,049 |
| Gtcr LLC | 2,373,773 | 0 |
| Franklin Resources Inc | 2,219,141 | +265,041 |
| Northern Trust Corp | 2,204,733 | -25,096 |
| Charles Schwab Investment Management Inc | 2,156,506 | +47,043 |
Insiders
21 insiders reported holding 1,287,568 shares in total, about $363.4M at the last price.
| Holder | Shares |
|---|---|
| Gallagher Thomas JosephPresident | 355,73131,988 held indirectly |
| Gallagher Patrick MurphyChief Operating Officer | 162,165148,093 held indirectly |
| Gallagher J Patrick JrCEO, Director | 109,417 |
| Howell Douglas KVP & Chief Financial Officer | 92,961 |
| Hudson Scott RVice President | 90,262 |
| Jain VishalVICE PRESIDENT | 75,117 |
| Bay Walter D.General Counsel | 71,292 |
| Ziebell William FVICE PRESIDENT | 48,942 |
| Johnson David SDirector | 47,387 |
| Cary Richard CController, CAO | 46,819 |
Questions about AJG
What does Arthur J. Gallagher & Co. do?
Arthur J. Gallagher & Co. provides commercial insurance brokerage, risk management, and human resources consulting services. The company helps business, institutional, and public-sector clients identify risks, purchase commercial insurance coverage, and manage employee benefit and compensation programs. Its shares trade on NYSE under the ticker AJG.
What is Arthur J. Gallagher & Co.'s net worth?
Arthur J. Gallagher & Co. has a market value (market cap) of $72.3B at the latest share price, and shareholders' equity of $24B on its balance sheet at September 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
Is Arthur J. Gallagher & Co. profitable?
Yes. Over the twelve months to September 30, 2026 it reported net income of $1.7B on revenue of $16.4B, a net margin of 10.4%.
How much revenue does Arthur J. Gallagher & Co. make?
Over the twelve months to September 30, 2026 Arthur J. Gallagher & Co. reported revenue of $16.4B. That is 25.6% more than a year earlier.
When did Arthur J. Gallagher & Co. last report?
Its most recent periodic report is the quarterly report (10-Q) filed on November 5, 2026. It covers the period to September 30, 2026. Its newest filing of any kind is the planned insider sale from November 9, 2026.
When is Arthur J. Gallagher & Co.'s next earnings report?
Arthur J. Gallagher & Co.'s next report is expected around January 28, 2027. That is an estimate from its filing rhythm, not a date the company has announced.
Does Arthur J. Gallagher & Co. pay a dividend?
Yes. Arthur J. Gallagher & Co. declared dividends of $2.60 per share in fiscal 2025, a yield of 0.92% at the current price.
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Where the numbers come from
Financial figures are the values Arthur J. Gallagher & Co. tagged in its own SEC filings (XBRL), taken from the latest filing for each period, so restatements replace older figures. Revenue, profit and cash flow are for full fiscal years unless marked as the last twelve months, which is the sum of the four most recent quarters. Where a company reports only the full year, the fourth quarter is the year minus the first three.
Prices are delayed end-of-day market data in the listing currency, and market cap moves with the price. P/E is shown only when earnings per share are positive. Nothing here is investment advice.