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Arthur J. Gallagher AJG Brokerage — Goodwill

Other segment segments

Risk Management
$517M+23.4%
Corporate
$17M-10.5%

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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:Goodwill.

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 — goodwill?
Arthur J. Gallagher (AJG) reported brokerage — goodwill of $22.42B in Q1 2026.
How has Arthur J. Gallagher's brokerage — goodwill changed year-over-year?
Arthur J. Gallagher's brokerage — goodwill increased by 82.7% year-over-year, from $12.28B to $22.42B.
What is the long-term trend for Arthur J. Gallagher's brokerage — goodwill?
Over 4 years (2021 to 2025), Arthur J. Gallagher's brokerage — goodwill has grown at a 25.5% compound annual growth rate (CAGR), from $28.01B to $69.38B.
What does brokerage — goodwill mean?
This represents the excess of the purchase price over the fair value of identifiable net assets acquired in brokerage business combinations. It reflects the value of intangible factors such as client relationships, brand reputation, and workforce expertise within the brokerage segment.