{ "ticker": "AJG", "cik": "0000354190", "company": "Arthur J. 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"earnings_before_income_taxes": 1785000000, "net_earnings_attributable_to_controlling_interests": 1321000000 }, "risk_management": { "total_revenues": 848000000, "earnings_before_income_taxes": 114000000, "net_earnings_attributable_to_controlling_interests": 84000000 }, "corporate": { "total_revenues": 0, "earnings_before_income_taxes": -553000000, "net_earnings_attributable_to_controlling_interests": -333000000 } } } }, "trailing_twelve_months": { "label": "Twelve months ended June 30, 2026 (derived)", "period_start": "2025-07-01", "period_end": "2026-06-30", "period_type": "trailing twelve months", "source_accession": "0001628280-26-053489", "source_accessions": [ "0001628280-26-008662", "0001628280-26-053489" ], "derivation": "FY2025 (10-K) plus six months ended June 30, 2026 less six months ended June 30, 2025 (both from the Q2 2026 10-Q)", "income_statement": { "commissions": 9532000000, "fees": 4643000000, "revenues_before_reimbursements": 15582000000, "total_revenues": 15754000000, "total_expenses": 13772000000, "earnings_before_income_taxes": 1982000000, "provision_for_income_taxes": 409000000, "net_earnings": 1573000000, "net_earnings_attributable_to_controlling_interests": 1568000000 }, "cash_flow": { "operating_cash_flow": 2449000000, "capital_expenditures": -164000000, "free_cash_flow": 2285000000, "dividends_paid": -693000000, "cash_paid_for_acquisitions_net_of_cash_acquired": -14720000000 } }, "notes": [ "Sources: annual figures are from the FY2025 Form 10-K (accession 0001628280-26-008662); the quarters, the six-month year-to-date figures and the June 30, 2026 balance sheet are from the Q2 2026 Form 10-Q (accession 0001628280-26-053489). Every money figure is stated in actual US dollars; the filings print them in millions.", "Template: Gallagher is an insurance broker and claims administrator, not an underwriter, so premiums earned, claims and a combined ratio do not apply. Its statement of earnings has no cost of revenue or gross profit line: revenues are shown by type (commissions, fees, supplemental, contingent, and interest income, premium finance revenues and other income) and expenses by nature, so the record follows that layout.", "Reimbursements appear on both sides of the statement of earnings in equal amounts (reimbursements_revenue and reimbursements_expense), as the company presents them.", "Fiduciary assets and fiduciary liabilities are premiums and claim funds the company holds on behalf of clients and insurers; the two lines are equal on every balance sheet and are not the company's own resources. They make up a large share of total assets (for example $37.18 billion of $81.81 billion at June 30, 2026).", "total_debt is the debt note's 'Net corporate and other debt' (senior notes, note purchase agreements, credit agreement borrowings and the premium financing debt facility, net of unamortized debt acquisition costs and discount). It equals the sum of the balance sheet's premium financing debt and corporate related borrowings (current and noncurrent). total_debt_principal is the same debt before those costs and discount.", "free_cash_flow is net cash provided by operating activities less capital expenditures, computed here; the company does not report it as a line in its statements.", "Cash outflows carry a negative sign, matching the parentheses on the cash flow statement.", "diluted_shares and basic_weighted_average_shares are the weighted average counts from the earnings per share note; common_shares_outstanding is the period-end count from the statement of stockholders' equity.", "The 10-Q prints its cash flow statement for the six-month periods only, so the three-month quarters carry no cash flow figures; six-month cash flows are in year_to_date.", "The trailing twelve months to June 30, 2026 are computed as FY2025 plus the six months ended June 30, 2026 less the six months ended June 30, 2025. Per-share amounts are not computed for that period.", "The FY2025 10-K prints balance sheets for December 31, 2025 and 2024 only, so FY2023 carries no balance sheet. The Q2 2026 10-Q prints no June 30, 2025 balance sheet, so Q2 2025 carries none.", "Segments are the company's three reportable segments: brokerage, risk management and corporate. The corporate segment carries the company's debt interest, external acquisition-related expenses and other corporate costs, which is why its pre-tax result is a loss in every period.", "No stock split adjustment applies: the company reported no split in the periods covered." ], "uncertainties": [ "No three-month cash flow figures are given for Q2 2026 or Q2 2025, because the 10-Q presents cash flows for the six-month periods only.", "Q2 2025 diluted EPS is the company's printed $1.40; dividing that quarter's printed net earnings attributable to controlling interests ($368 million) by printed diluted shares (260.4 million) gives about $1.41, a difference that reflects rounding of the inputs to millions." ], "headline": { "period": "Q2 FY2026", "period_end_words": "June 30, 2026", "metrics": [ { "label": "Revenue", "format": "usd", "value": 4003000000, "text": "$4.00 billion", "exact": "$4,003,000,000", "compact": "$4.00B", "abs": "$4.00 billion", "prior_value": 3222000000, "prior": "$3.22 billion", "priorabs": "$3.22 billion", "yoy": "up 24.2%", "source": { "array": "quarterly", "field": "income_statement.total_revenues", "index": 0, "period_label": "Q2 2026", "period_end": "2026-06-30", "period_start": "2026-04-01", "span_days": 90, "source_accession": "0001628280-26-053489", "prior_index": 1, "prior_period_label": "Q2 2025", "prior_period_end": "2025-06-30", "prior_period_start": "2025-04-01", "prior_span_days": 90, "prior_source_accession": "0001628280-26-053489", "gap_days": 365 } }, { "label": "Net earnings", "format": "usd", "value": 324000000, "text": "$324 million", "exact": "$324,000,000", "compact": "$324.00M", "abs": "$324 million", "prior_value": 368000000, "prior": "$368 million", "priorabs": "$368 million", "yoy": "down 12.0%", "source": { "array": "quarterly", "field": "income_statement.net_earnings_attributable_to_controlling_interests", "index": 0, "period_label": "Q2 2026", "period_end": "2026-06-30", "period_start": "2026-04-01", "span_days": 90, "source_accession": "0001628280-26-053489", "prior_index": 1, "prior_period_label": "Q2 2025", "prior_period_end": "2025-06-30", "prior_period_start": "2025-04-01", "prior_span_days": 90, "prior_source_accession": "0001628280-26-053489", "gap_days": 365 } }, { "label": "Diluted EPS", "format": "eps", "value": 1.25, "text": "$1.25", "exact": "$1.25", "compact": "$1.25", "abs": "$1.25", "prior_value": 1.4, "prior": "$1.40", "priorabs": "$1.40", "yoy": "down 10.7%", "source": { "array": "quarterly", "field": "income_statement.diluted_eps", "index": 0, "period_label": "Q2 2026", "period_end": "2026-06-30", "period_start": "2026-04-01", "span_days": 90, "source_accession": "0001628280-26-053489", "prior_index": 1, "prior_period_label": "Q2 2025", "prior_period_end": "2025-06-30", "prior_period_start": "2025-04-01", "prior_span_days": 90, "prior_source_accession": "0001628280-26-053489", "gap_days": 365 } }, { "label": "Brokerage revenue", "format": "usd", "value": 3502000000, "text": "$3.50 billion", "exact": "$3,502,000,000", "compact": "$3.50B", "abs": "$3.50 billion", "prior_value": 2787000000, "prior": "$2.79 billion", "priorabs": "$2.79 billion", "yoy": "up 25.7%", "source": { "array": "quarterly", "field": "segments.brokerage.total_revenues", "index": 0, "period_label": "Q2 2026", "period_end": "2026-06-30", "period_start": "2026-04-01", "span_days": 90, "source_accession": "0001628280-26-053489", "prior_index": 1, "prior_period_label": "Q2 2025", "prior_period_end": "2025-06-30", "prior_period_start": "2025-04-01", "prior_span_days": 90, "prior_source_accession": "0001628280-26-053489", "gap_days": 365 } }, { "label": "Interest and other income", "format": "usd", "value": 98000000, "text": "$98 million", "exact": "$98,000,000", "compact": "$98.00M", "abs": "$98 million", "prior_value": 233000000, "prior": "$233 million", "priorabs": "$233 million", "yoy": "down 57.9%", "source": { "array": "quarterly", "field": "income_statement.interest_income_premium_finance_revenues_and_other_income", "index": 0, "period_label": "Q2 2026", "period_end": "2026-06-30", "period_start": "2026-04-01", "span_days": 90, "source_accession": "0001628280-26-053489", "prior_index": 1, "prior_period_label": "Q2 2025", "prior_period_end": "2025-06-30", "prior_period_start": "2025-04-01", "prior_span_days": 90, "prior_source_accession": "0001628280-26-053489", "gap_days": 365 } } ], "summary": "Arthur J. Gallagher & Co. reported total revenues of $4.00 billion for Q2 FY2026, the quarter ended June 30, 2026, up 24.2% from a year earlier, as acquisitions led by AssuredPartners expanded its brokerage business. Net earnings attributable to controlling interests were $324 million, down 12.0%, and diluted earnings per share were $1.25 against $1.40. Earnings fell because interest income dropped after the cash raised to buy AssuredPartners was spent at closing, and amortization of acquired intangibles rose.", "qa": [ { "q": "How much revenue did Arthur J. Gallagher report in Q2 FY2026?", "a": "Arthur J. Gallagher & Co. reported total revenues of $4.00 billion for Q2 FY2026, the quarter ended June 30, 2026. That is up 24.2% from $3.22 billion in the same quarter a year earlier." }, { "q": "What were Arthur J. Gallagher's earnings per share in Q2 FY2026?", "a": "Arthur J. Gallagher & Co. earned $1.25 per diluted share in Q2 FY2026, against $1.40 a year earlier. Net earnings attributable to controlling interests were $324 million, down 12.0% from $368 million." }, { "q": "Why did Arthur J. Gallagher's earnings fall in Q2 FY2026 when revenue grew?", "a": "Arthur J. Gallagher & Co.'s interest, premium finance and other income was $98 million in Q2 FY2026, against $233 million a year earlier, when it was still earning interest on the cash raised to buy AssuredPartners. Amortization of intangibles from its acquisitions also rose, so net earnings fell even as revenue grew." }, { "q": "How much revenue did Arthur J. Gallagher's brokerage segment generate in Q2 FY2026?", "a": "Arthur J. Gallagher & Co.'s brokerage segment reported revenues of $3.50 billion in Q2 FY2026, up 25.7% from $2.79 billion a year earlier, helped by the AssuredPartners acquisition." } ] }, "company_details": { "Name": "Arthur J. Gallagher & Co.", "Ticker": "AJG", "CIK": "0000354190", "Exchange": "NYSE", "State": "Illinois", "Incorporation": "Delaware", "SIC": "6411", "Office": "Finance", "Industry": "Insurance Agents, Brokers & Service" }, "next_filing": { "predicted_date": "2026-11-09", "predicted_type": "10-Q" }, "fiscal_period": { "fiscal_year": 2026, "fiscal_period": "Q2", "tag": "FY26Q2", "period_end": "2026-06-30", "form": "10-Q", "accession": "0001628280-26-053489", "fiscal_year_end": "1231", "source": "facts" }, "source_filings": [ { "role": "annual", "current": false, "form": "10-K", "fiscal_year": 2025, "fiscal_period": "FY", "tag": "FY25", "period_end": "2025-12-31", "filed": "2026-02-17", "accession": "0001628280-26-008662", "url": "https://www.sec.gov/Archives/edgar/data/354190/000162828026008662/ajg-20251231.htm", "source": "reported" }, { "role": "quarterly", "current": true, "form": "10-Q", "fiscal_year": 2026, "fiscal_period": "Q2", "tag": "FY26Q2", "period_end": "2026-06-30", "filed": "2026-08-05", "accession": "0001628280-26-053489", "url": "https://www.sec.gov/Archives/edgar/data/354190/000162828026053489/ajg-20260630.htm", "source": "facts" } ], "figure_sources": { "about": "Where each figure in this file is printed in its SEC filing. 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