AJG
Arthur J Gallagher & Co
NYSE: AJG · FINANCIAL SERVICES · INSURANCE BROKERS
$211.81
-0.75% today
Updated 2026-04-29
Market cap
$53.07B
P/E ratio
35.96
P/S ratio
4.08x
EPS (TTM)
$5.74
Dividend yield
1.23%
52W range
$194 – $348
Volume
2.1M
Arthur J Gallagher & Co (AJG) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.47B | $1.62B | $1.65B | $1.73B | $1.86B | $2.13B | $2.52B | $3.18B | $4.63B | $5.39B | $5.68B | $6.25B | $6.92B | $7.12B | $7.00B | $8.21B | $8.55B | $10.07B | $11.55B | $13.94B |
| Revenue growth (YoY) | — | +10.4% | +1.3% | +5.1% | +7.8% | +14.5% | +18.1% | +26.2% | +45.5% | +16.6% | +5.3% | +9.9% | +10.9% | +2.8% | -1.6% | +17.2% | +4.2% | +17.8% | +14.7% | +20.7% |
| Cost of revenue | $416.30M | $437.00M | $381.20M | $1.07B | $1.18B | $1.36B | $1.60B | $2.12B | $3.23B | $3.78B | $4.08B | $4.52B | $4.98B | $4.83B | $4.50B | $5.23B | $4.95B | $5.83B | $6.68B | $6.31B |
| Gross profit | $1.05B | $1.19B | $1.26B | $660.60M | $682.70M | $776.60M | $915.30M | $1.06B | $1.40B | $1.61B | $1.60B | $1.73B | $1.94B | $2.29B | $2.50B | $2.98B | $3.60B | $4.25B | $4.88B | $7.63B |
| Gross margin | 71.7% | 73.1% | 76.8% | 38.2% | 36.6% | 36.4% | 36.3% | 33.3% | 30.3% | 29.9% | 28.2% | 27.6% | 28.0% | 32.1% | 35.7% | 36.2% | 42.1% | 42.1% | 42.2% | 54.8% |
| R&D | — | — | — | — | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | — | $0.00 | $0.00 | $0.00 | $0.00 | — | — |
| SG&A | $889.90M | $911.60M | $997.90M | $1.08B | $1.12B | $1.33B | $1.49B | $1.69B | $2.17B | $2.43B | $2.54B | $2.75B | $3.03B | $3.34B | $3.47B | $3.93B | $4.80B | $5.68B | $6.52B | $7.00B |
| Operating income | $163.00M | $216.10M | $192.20M | $243.70M | $235.00M | $242.40M | $291.70M | $342.80M | $398.00M | $437.10M | $475.50M | $511.40M | $617.20M | $745.90M | $1.00B | $1.47B | $1.75B | $1.86B | $2.28B | $2.55B |
| Operating margin | 11.1% | 13.3% | 11.7% | 14.1% | 12.6% | 11.4% | 11.6% | 10.8% | 8.6% | 8.1% | 8.4% | 8.2% | 8.9% | 10.5% | 14.3% | 17.9% | 20.5% | 18.5% | 19.8% | 18.3% |
| EBITDA | $223.70M | $281.40M | $265.90M | $325.20M | $330.70M | $363.80M | $428.70M | $519.70M | $639.40M | $730.70M | $794.20M | $869.70M | $1.04B | $1.28B | $1.56B | $2.04B | $2.35B | $2.18B | $3.10B | $3.66B |
| EBITDA margin | 15.2% | 17.3% | 16.2% | 18.8% | 17.7% | 17.0% | 17.0% | 16.3% | 13.8% | 13.6% | 14.0% | 13.9% | 15.0% | 18.0% | 22.3% | 24.8% | 27.5% | 21.6% | 26.8% | 26.3% |
| EBIT | $163.00M | $216.10M | $192.20M | $239.60M | $237.60M | $248.60M | $288.30M | $341.10M | $380.50M | $396.50M | $443.40M | $483.90M | $617.80M | $805.90M | $1.07B | $1.20B | $1.58B | $1.48B | $2.26B | $2.54B |
| Interest expense | $0.00 | $0.00 | $28.60M | $28.50M | $34.60M | $40.80M | $43.00M | $50.10M | $89.00M | $103.00M | $109.80M | $124.10M | $138.40M | $179.80M | $196.40M | $226.10M | $256.90M | $296.70M | $381.30M | $638.80M |
| Income tax | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Effective tax rate | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Net income | $128.50M | $138.80M | $77.30M | $128.60M | $174.10M | $144.10M | $195.00M | $268.60M | $303.40M | $356.80M | $396.80M | $481.30M | $633.50M | $668.80M | $818.80M | $906.80M | $1.11B | $969.50M | $1.46B | $1.49B |
| Net income growth (YoY) | — | +8.0% | -44.3% | +66.4% | +35.4% | -17.2% | +35.3% | +37.7% | +13.0% | +17.6% | +11.2% | +21.3% | +31.6% | +5.6% | +22.4% | +10.7% | +22.9% | -13.0% | +50.9% | +2.1% |
| Profit margin | 8.7% | 8.6% | 4.7% | 7.4% | 9.3% | 6.8% | 7.7% | 8.4% | 6.6% | 6.6% | 7.0% | 7.7% | 9.1% | 9.4% | 11.7% | 11.0% | 13.0% | 9.6% | 12.7% | 10.7% |