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AJG · Arthur J. Gallagher & Co.

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Market Cap
$68.58B
Shares
256.30M

Income-statement, balance-sheet and cash-flow figures extracted from the company's SEC filings — 10-K annual and 10-Q quarterly reports — and standardised for comparison across periods.

Revenue
$13.94B +20.7%
FY2025 Revenue FY2008–FY2025
Net Income
$1.49B +2.1%
FY2025 Net Income FY2008–FY2025
Gross Margin
99.73% +14pp
FY2022 Gross Margin FY2010–FY2022
Diluted EPS
$5.74 -11.7%
FY2025 Diluted EPS FY2008–FY2025
Operating Cash Flow
$1.93B -25.3%
FY2025 Operating Cash Flow FY2008–FY2025

Chart any reported metric, KPI or segment over time — the full statement history lives here

Line Item TTM FY2025 FY2024 FY2023 FY2022 FY2021 FY2020 FY2019 FY2018 FY2017 FY2016 FY2015 FY2014 FY2013 FY2012 FY2011 FY2010 FY2009 FY2008
$15.75B $13.94B $11.56B $10.07B $8.55B $8.21B $7B $7.2B $6.93B $6.16B $5.59B $5.39B $4.63B $3.18B $2.52B $2.13B $1.86B $1.73B $1.65B
$0 $0 $0 $0 $0 $0 $0
$22.9M $1.17B $882.1M $1.35B $1.82B $1.64B $1.41B $1.06B $437.3M $111.6M $32M $64M
$8.53B $7.04B $6.12B $5.84B $5.12B $4.52B $4.19B $3.57B $2.74B $2.41B $2.1B $1.8B
99.73% 85.71% 87.41% 81.2% 73.81% 73.44% 74.82% 77.11% 86.25% 95.57% 98.5% 96.57%
$1.33B $1.12B $843M $697M $599.6M $566.3M $562.4M $474.4M $419M $385.8M $350.8M $334.2M $258.9M $178.6M $140.4M $115.2M $93.1M $85.6M $73.7M
$2.57B $2.26B $1.75B $1.69B $1.33B $1.07B $906.5M $1.07B $903.7M $829.1M $776.3M $840.7M $743.1M $535.9M $483.2M $419M $354.6M $331.3M $382.4M
$13.77B $12.07B $9.68B $8.89B $7.22B $7.23B $6.13B $6.57B $6.45B $5.89B $5.35B $5.1B $4.34B $2.89B
$649M $639M $381M $297M $256.9M $226.1M $196.4M $179.8M $138.4M $124.1M $109.8M $103M $89M $50.1M $43M $40.8M $34.6M $28.5M $28.6M
$15M $23M $23M $8M $11M $17M -$6.3M $72M $8.4M $100K $6.5M $6.6M $23M $17.1M $3.9M $5.5M $5.9M -$900K -$8.5M
$1.98B $1.87B $1.88B $1.19B $1.33B $975.1M $870.9M $626.1M $479.4M $359.8M $333.6M $293.5M $291.5M $291M $245.3M $207.8M $203M $211.1M $163.6M
$409M $368M $404M $219M $211M $20.1M $12.8M -$89.7M -$196.5M -$157.1M -$96.7M -$95.6M -$36M $6.4M $50.3M $63.7M $39.7M $78M $52.2M
$1.56B $1.49B $1.46B $970M $1.11B $906.8M $818.8M $668.8M $633.5M $481.3M $396.8M $356.8M $303.4M $268.6M $195M $144.1M $174.1M $128.6M $77.3M
10.72% 12.66% 9.63% 13.03% 11.05% 11.69% 9.3% 9.14% 7.81% 7.09% 6.62% 6.56% 8.45% 7.74% 6.75% 9.34% 7.44% 4.7%
$5M $9M $8M -$4M $1.8M $48.2M $39.3M $47M $42.4M $35.6M $33.5M $32.3M $24.1M $16M
$1.37B $2.12B $1.1B $1.32B $700.1M $823M $934.4M $694.7M $411.9M $681.7M $158.3M $101.3M $38M $261.8M $209.4M $94.7M $185.3M $159.9M $29.6M
USD/shares $6.10 $5.83 $6.63 $4.51 $5.30 $4.47 $4.29 $3.60 $3.47 $2.67 $2.23 $2.07 $1.98 $2.08 $1.61 $1.29 $1.66 $1.28 $0.83
USD/shares $6.03 $5.74 $6.50 $4.42 $5.19 $4.37 $4.20 $3.52 $3.40 $2.64 $2.22 $2.06 $1.97 $2.06 $1.59 $1.28 $1.66 $1.28 $0.82
shares 256.1M 220.5M 214.9M 210.3M 202.7M 191M 186M 182.7M 180.1M 177.6M 172.2M 152.9M 128.9M 121M 111.7M 104.8M 100.5M
Italic rows are computed from reported lines — open a row's info icon for its formula. Values reflect the latest filing (restatements included); per-share figures on today's split basis. Click a value for its source filing. TTM: trailing twelve months through the latest reported quarter — flows sum the last four quarters, balances take the latest. 3Y/5Y/10Y columns are trailing CAGR from the newest fiscal year; blank where an endpoint is missing or negative.

Capital Returned to Shareholders

Cash spent on share repurchases and dividends per fiscal year, as reported on the cash-flow statement. Across FY2008–FY2025: $135.8M in buybacks, $5.41B in dividends.

Price & Valuation

Multiples computed on the strict TTM/EV methodology — today's snapshot against peers, and each ratio recomputed as of past filing dates.

Valuation

EV/Revenue
5.08×
Peer median 4.29×
EV/EBIT
Peer median 18.34×
P/E (TTM)
44.37×
Peer median 21.30×

Peer medians compare against the 5 similar-size Insurance Brokers companies (of 19 listed).

Valuation over time computed as of each quarter's filing date

Revenue Breakdown

Annual revenue as the company disaggregates it in its own XBRL filings. Years a component wasn't reported show a dash.

Share mode is each component's slice of the reported components that year — issuers rarely tag every revenue dollar, so slices need not sum to total revenue.

By Segment (USD)

Component FY2025 FY2024 FY2023 FY2022 FY2021 FY2020 FY2019 FY2018
Brokerage Segment $12,192,000,000 $9,934,000,000 $8,637,000,000 $7,303,800,000 $5,967,500,000 $5,167,100,000 $4,901,500,000 $4,246,900,000
Risk Management Segment $1,749,000,000 $1,605,000,000 $1,433,000,000 $1,223,100,000 $1,100,600,000 $973,400,000 $977,100,000 $939,900,000
Corporate $1,000,000 $16,000,000 $2,000,000 $23,700,000 $1,141,300,000 $863,100,000 $1,316,400,000 $1,747,200,000

By Geography (USD)

Component FY2025 FY2024 FY2023 FY2022 FY2021 FY2020 FY2019 FY2018
United States $9,391,000,000 $7,428,000,000 $6,427,000,000 $5,557,200,000 $5,856,800,000 $5,048,900,000 $5,379,100,000 $5,377,800,000
United Kingdom $2,477,000,000 $2,225,000,000 $1,993,000,000 $1,588,400,000 $1,245,000,000 $1,034,400,000 $963,400,000 $773,900,000
Other Foreign $886,000,000 $701,000,000 $573,000,000 $450,900,000 $246,500,000 $202,300,000 $167,100,000 $148,800,000
Australia $586,000,000 $575,000,000 $467,000,000 $410,900,000 $376,100,000 $314,500,000 $298,600,000 $290,600,000
Canada $395,000,000 $416,000,000 $404,000,000 $361,900,000 $308,000,000 $249,100,000 $226,000,000 $185,400,000
New Zealand $207,000,000 $210,000,000 $208,000,000 $181,300,000 $177,000,000 $154,400,000 $160,800,000 $157,500,000

By Product & Service (USD)

Component FY2019 FY2018 FY2017
Commissions $3,320,600,000 $2,920,700,000 $2,641,000,000
Broker Fees $1,911,100,000 $1,756,300,000 $1,591,900,000
Public Utilities Inventory Coal $1,319,300,000 $1,746,300,000 $1,560,500,000
Supplemental Revenue Member $210,500,000 $189,900,000 $158,000,000
Reimbursements $138,600,000 $141,600,000 $136,000,000
Contingent Revenue $135,600,000 $98,000,000 $99,500,000
Investment Performance $86,900,000 $70,100,000 $58,700,000
Gains on Divestitures $75,300,000 $10,200,000 $3,400,000
Net Gains on Divestitures $75,300,000 $10,200,000 $3,400,000
Product And Service Other -$2,900,000 $900,000
Key facts CIK 354190 CUSIP 363576109 13F (30d) 831 filings 789 filers Visit website Investor relations