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Saturday 7 November 2026 Export AJG’s income statement to Excel — free account

Arthur J. Gallagher & Co.

AJG Financial Insurance Brokers

Arthur J. Gallagher & Co.’s revenue for fiscal 2025 (year ended December 2025) was $13.9 billion, up 20.7% from fiscal 2024.

Revenue
+18.1%
EPS
+49.2%
Free cash flow
+91.2%
Total debt
−3.02%

Quarter to September 2026, against a year earlier

281.67 6.44 −2.24%
Market cap
$73.9B
P/E
42.5×
Fwd P/E
38.3×
Dividend yield
0.98%
F-score
6/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a
Overview Business Profile Earnings & Analysis
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios
Segments Valuation Filings

Arthur J. Gallagher & Co. (AJG) Debt to equity

Alert me on Debt to equity

Arthur J. Gallagher & Co.'s debt to equity at the end of the quarter to 30 September 2026 was 0.5×, down 0.0× from fiscal 2025 (0.5×). Over the past ten years it has ranged from 0.5× (fiscal 2025) to 0.7× (fiscal 2019) — the current reading is the lowest in ten years. That is in line with the Insurance Brokers industry median of 0.5× and above the Financial sector median of 0.2×.

Debt to equity, annual

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Annual newest first

Period Debt to equity Change
FY2025 0.5× (17.83%)
FY2024 0.6× (2.61%)
FY2023 0.6× 7.02%
FY2022 0.6× (10.83%)
FY2021 0.7× (0.83%)
FY2020 0.7× (6.45%)
FY2019 0.7× 8.16%
FY2018 0.7× 8.05%
FY2017 0.6× 6.73%
FY2016 0.6× 4.43%

Quarterly newest first

Period Debt to equity Change
Sep 2026 0.5× (3.16%)
Jun 2026 0.5× (0.79%)
Mar 2026 0.5× (2.12%)
Dec 2025 0.5× (0.46%)
43 more quarters

Against its own ten years

Low 0.5× High 0.7×
Ten-year median 0.6×
Current reading's percentile 9

Debt to equity against peers

Company Debt to equity
CRVL CorVel Corp. compare 0.0×
ERIE Erie Indemnity Company compare 0.0×
AJG Arthur J. Gallagher & Co. 0.5×
BRO Brown & Brown, Inc. compare 0.6×
WTW Willis Towers Watson Public Limited Company compare 0.8×
MRSH Marsh compare 1.3×
BWIN Baldwin Insurance Group, Inc. compare 1.7×
AON Aon plc compare 2.7×
RYAN Ryan Specialty Holdings Inc. compare 4.1×
Insurance Brokers industry median 0.5×
Financial sector median 0.2×
Market median 0.1×

What Debt to equity is

Debt to Equity Ratio shows how much a company relies on borrowed money compared with the money its shareholders have in the business.

(Long Term Debt (Total) + Current Part of Debt) ÷ Shareholders Equity (Total)

The full definition of Debt to equity →

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