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Arthur J. Gallagher AJG Brokerage — Depreciation

Other segment segments

Risk Management
$10M0.0%
Corporate
$2M0.0%

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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:Depreciation.

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 — depreciation?
Arthur J. Gallagher (AJG) reported brokerage — depreciation of $49M in Q1 2026.
How has Arthur J. Gallagher's brokerage — depreciation changed year-over-year?
Arthur J. Gallagher's brokerage — depreciation increased by 48.5% year-over-year, from $33M to $49M.
What is the long-term trend for Arthur J. Gallagher's brokerage — depreciation?
Over 4 years (2021 to 2025), Arthur J. Gallagher's brokerage — depreciation has grown at a 16.0% compound annual growth rate (CAGR), from $87.8M to $159.1M.
What does brokerage — depreciation mean?
Reflects the systematic allocation of the cost of tangible assets (such as office equipment and technology infrastructure) used within the brokerage segment over their useful lives. This non-cash expense is essential for understanding the capital intensity of the brokerage business. It provides insight into the ongoing investment required to maintain the segment's operational capabilities.