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
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Arthur J. Gallagher & Co. (AJG) Operating margin
Arthur J. Gallagher & Co.'s operating margin over the twelve months to 30 September 2026 was 17.2%, down 0.8 percentage points from fiscal 2025 (18.0%). Over the past ten years it has ranged from 7.35% (fiscal 2015) to 19.5% (fiscal 2024); the current reading is higher than 82% of that period. That is above the Insurance Brokers industry median of 15.8% and above the Financial sector median of 0.00%.
Operating margin, annual
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Annual newest first
| Period | Operating margin | Change (points) |
|---|---|---|
| FY2025 | 18.0% | (1.52) |
| FY2024 | 19.5% | 4.81 |
| FY2023 | 14.7% | (3.81) |
| FY2022 | 18.5% | 3.89 |
| FY2021 | 14.6% | (0.61) |
| FY2020 | 15.2% | 4.04 |
| FY2019 | 11.2% | 2.29 |
| FY2018 | 8.91% | 1.17 |
| FY2017 | 7.74% | (0.07) |
| FY2016 | 7.81% | 0.46 |
Quarterly newest first
| Period | Operating margin | Change (points) |
|---|---|---|
| Sep 2026 | 17.2% | 2.64 |
| Jun 2026 | 14.5% | (10.70) |
| Mar 2026 | 25.2% | 15.86 |
| Dec 2025 | 9.38% | (5.70) |
| 43 more quarters | Free account |
Against its own ten years
Operating margin against peers
| Company | Operating margin |
|---|---|
| BRO Brown & Brown, Inc. compare | 28.3% |
| AON Aon plc compare | 26.3% |
| WTW Willis Towers Watson Public Limited Company compare | 22.0% |
| MRSH Marsh compare | 21.4% |
| ERIE Erie Indemnity Company compare | 17.9% |
| AJG Arthur J. Gallagher & Co. | 17.2% |
| CRVL CorVel Corp. compare | 15.9% |
| RYAN Ryan Specialty Holdings Inc. compare | 15.6% |
| BWIN Baldwin Insurance Group, Inc. compare | −6.88% |
| Insurance Brokers industry median | 15.8% |
| Financial sector median | 0.00% |
| Market median | 0.00% |
What Operating margin is
EBIT Margin tells an investor how much operating profit, before interest and taxes, a company keeps from each unit of revenue.
EBIT ÷ Revenue
More on AJG
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross 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