Arthur J. Gallagher revenue and financials
$229.85Change from previous close: +1.15%Absolute change: +$2.61
In the fiscal year ended December 2025, Arthur J. Gallagher reported revenue of $13.94B (+20.66% year over year). Net income was $1.49B, a net margin of 10.7%.
Fiscal year ending in December. Sources and method on the page Methodology and sources.
At a glance
- Revenue growth
- +20.66%
- 2025 vs 2024
- Net income growth
- +2.12%
- 2025 vs 2024
- Net margin
- 10.7%
- 2024: 12.7%
Financial data
Amounts in millions of USD; per-share values in USD; shares in millions.
| Item | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | 10.0 | 957 | 753 | 731 | -424 | 872 | 739 | 935 | 120 | 789 | 694 | 897 |
| Depreciation and amortization | 337 | 338 | 339 | 274 | 230 | 214 | 214 | 205 | 198 | 208 | 190 | 168 |
| Capital expenditure | -51.0 | -36.0 | -39.6 | -37.8 | -40.0 | -28.0 | -43.7 | -36.8 | -31.8 | -29.7 | -46.0 | -58.8 |
| Investing cash flow | -353 | -238 | -472 | -13,784 | -1,346 | -275 | -857 | -230 | -308 | -192 | -1,901 | -327 |
| Financing cash flow | 1,251 | -723 | -173 | 569 | 210 | 1,107 | 12,500 | 612 | -53.8 | -5.4 | 982 | -669 |
| Dividends paid | -179 | -180 | -168 | -167 | -167 | -166 | -131 | -132 | -131 | -131 | -119 | -119 |
| Share repurchases | -170 | -310 | — | — | 0.0 | 0.0 | — | — | — | — | — | — |
| Debt issued | 3,035 | 1,975 | 1,343 | 1,200 | 2.0 | 1.0 | 4,983 | 1.2 | 585 | 1,645 | 2,229 | 473 |
| Debt repaid | -2,303 | -2,082 | -1,486 | -993 | -203 | -75.0 | -11.4 | -36.6 | -593 | -1,307 | -1,000 | -867 |
| Effect of exchange rates | -57.0 | -52.0 | 89.8 | 17.8 | 128 | 67.0 | -209 | 141 | -1.0 | -54.5 | -17.3 | -58.1 |
| Net change in cash | 851 | -56.0 | 198 | -12,466 | -1,432 | 1,771 | 12,173 | 1,457 | -243 | 538 | -242 | -157 |
| Free cash flow | -41.0 | 921 | 713 | 694 | -464 | 844 | 696 | 898 | 87.7 | 760 | 648 | 838 |
| Levered free cash flow | 27.9 | 649 | 918 | 462 | -968 | 644 | 572 | 715 | 69.1 | 1,382 | 310 | 675 |