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) Operating margin

Alert me on 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

Against its own ten years

Low 7.35% High 19.5%
Ten-year median 14.6%
Current reading's percentile 72

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

The full definition of Operating margin →

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