stockrowArthur 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
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Arthur J. Gallagher & Co. (AJG) Gross margin
Arthur J. Gallagher & Co.'s gross margin over the twelve months to 30 September 2026 was 43.2%, down 0.5 percentage points from fiscal 2025 (43.8%). Over the past ten years it has ranged from 29.9% (fiscal 2017) to 43.8% (fiscal 2025) — the current reading is the highest in ten years. That is below the Insurance Brokers industry median of 49.5% and below the Financial sector median of 70.1%.
Gross margin, annual
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Annual newest first
| Period | Gross margin | Change (points) |
|---|---|---|
| FY2025 | 43.8% | 0.19 |
| FY2024 | 43.6% | (0.04) |
| FY2023 | 43.6% | 0.00 |
| FY2022 | 43.6% | 5.73 |
| FY2021 | 37.9% | (0.04) |
| FY2020 | 37.9% | 3.13 |
| FY2019 | 34.8% | 4.61 |
| FY2018 | 30.2% | 0.31 |
| FY2017 | 29.9% | (0.68) |
| FY2016 | 30.5% | 0.65 |
Quarterly newest first
| Period | Gross margin | Change (points) |
|---|---|---|
| Sep 2026 | 43.7% | 1.95 |
| Jun 2026 | 41.8% | (5.33) |
| Mar 2026 | 47.1% | 8.03 |
| Dec 2025 | 39.1% | (3.51) |
| 43 more quarters | Free account |
Against its own ten years
Gross margin against peers
| Company | Gross margin |
|---|---|
| WTW Willis Towers Watson Public Limited Company compare | 100.0% |
| RYAN Ryan Specialty Holdings Inc. compare | 100.0% |
| MRSH Marsh compare | 100.0% |
| BRO Brown & Brown, Inc. compare | 50.5% |
| AON Aon plc compare | 48.8% |
| AJG Arthur J. Gallagher & Co. | 43.2% |
| BWIN Baldwin Insurance Group, Inc. compare | 30.3% |
| CRVL CorVel Corp. compare | 25.5% |
| ERIE Erie Indemnity Company compare | 17.9% |
| Insurance Brokers industry median | 49.5% |
| Financial sector median | 70.1% |
| Market median | 45.1% |
What Gross margin is
Gross Margin tells an investor how much of each sale a company keeps after paying the direct costs of making or buying what it sells.
Gross Profit ÷ Revenue
More on AJG
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- The full statement