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Arthur J. Gallagher AJG Brokerage — Amortization

Other segment segments

Risk Management
$7M+16.7%
Corporate
$0

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Other financials

Income statement

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Revenue$4.8B+27.7%
Gross profit$2.0B+16.3%
Net income$822.0M+16.8%
EPS (diluted)$3.16+16.2%

Balance sheet

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Cash & equivalents$1.4B-91.5%
Total debt$14.0B+5.7%
Total equity$23.8B+6.5%
Total assets$78.3B+5.7%

Cash flow

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Operating cash flow$957.0M+9.7%
CapEx$36.0M+28.6%
Free cash flow$921.0M+9.1%

Valuation

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Market cap$55.98B-31.7%
Enterprise value$68.58B-12.7%
P/E34.7×-17.9×
P/S3.7×-3.1×

Profitability

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Gross margin99.7%+14.0pp
Net margin10.8%-2.2pp
FCF margin21%-0.1pp

Returns & leverage

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Return on equity7%-2.3pp
Debt / equity0.6×0.0×
Current ratio1.1×-0.4×

Where this comes from

Reported directly by Arthur J. Gallagher in its filing.

Tagged under the XBRL concept us-gaap:AdjustmentForAmortization.

The official record: Arthur J. Gallagher’s 10-Q, filed May 7, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Arthur J. Gallagher's brokerage — amortization?
Arthur J. Gallagher (AJG) reported brokerage — amortization of $271M in Q1 2026.
How has Arthur J. Gallagher's brokerage — amortization changed year-over-year?
Arthur J. Gallagher's brokerage — amortization increased by 32.8% year-over-year, from $204M to $271M.
What is the long-term trend for Arthur J. Gallagher's brokerage — amortization?
Over 4 years (2021 to 2025), Arthur J. Gallagher's brokerage — amortization has grown at a 21.7% compound annual growth rate (CAGR), from $407.6M to $894.4M.
What does brokerage — amortization mean?
This represents the periodic expense recognized for the systematic allocation of the cost of intangible assets over their useful lives within the brokerage business segment. It reflects the non-cash consumption of acquired assets such as customer lists and non-compete agreements. Monitoring this helps investors understand the impact of past acquisitions on current operating expenses.