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

287.68 0.70 −0.24%
Market cap
$73.9B
P/E
43.4×
Fwd P/E
38.3×
Dividend yield
0.96%
F-score
6/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a

Arthur J. Gallagher & Co. (AJG) Net margin

Alert me on Net margin

Arthur J. Gallagher & Co.'s net margin over the twelve months to 30 September 2026 was 10.4%, down 0.3 percentage points from fiscal 2025 (10.7%). Over the past ten years it has ranged from 6.62% (fiscal 2015) to 13.0% (fiscal 2022); the current reading is higher than 64% of that period. That is above the Insurance Brokers industry median of 8.19% and below the Financial sector median of 14.3%.

Net margin, annual

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Annual newest first

Period Net margin Change (points)
FY2025 10.7% (1.94)
FY2024 12.7% 3.03
FY2023 9.63% (3.40)
FY2022 13.0% 1.98
FY2021 11.1% (0.64)
FY2020 11.7% 2.39
FY2019 9.30% 0.16
FY2018 9.14% 1.44
FY2017 7.70% 0.71
FY2016 6.99% 0.37

Quarterly newest first

Period Net margin Change (points)
Sep 2026 10.1% 2.05
Jun 2026 8.09% (9.19)
Mar 2026 17.3% 13.16
Dec 2025 4.12% (3.98)
43 more quarters

Against its own ten years

Low 6.62% High 13.0%
Ten-year median 9.63%
Current reading's percentile 51

Net margin against peers

Company Net margin
AON Aon plc compare 22.2%
BRO Brown & Brown, Inc. compare 17.4%
WTW Willis Towers Watson Public Limited Company compare 15.2%
MRSH Marsh compare 14.2%
ERIE Erie Indemnity Company compare 14.0%
CRVL CorVel Corp. compare 12.0%
AJG Arthur J. Gallagher & Co. 10.4%
RYAN Ryan Specialty Holdings Inc. compare 3.22%
BWIN Baldwin Insurance Group, Inc. compare −4.67%
Insurance Brokers industry median 8.19%
Financial sector median 14.3%
Market median 1.06%

What Net margin is

Net Profit Margin tells an investor how much of each unit of revenue ends up as profit for shareholders after all costs, interest and taxes.

Net Income Allotted to Shareholders ÷ Revenue

The full definition of Net margin →

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