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Arthur J. Gallagher AJG Brokerage — Operating

Other segment segments

Risk Management
$402M+12.6%
Corporate
$246M-12.8%

Similar metrics at other companies

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MRTNBrokerage — Operating Expenses
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MRTNBrokerage — Other Cost And Expense Operating
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COMPBrokerage — Operations and support
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MRTNBrokerage — Operating Ratio
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FRHCBrokerage — Total Costs & Expenses
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MRTNBrokerage — Operating Income
$914K-57.7%

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:CostsAndExpenses.

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 — operating?
Arthur J. Gallagher (AJG) reported brokerage — operating of $3.07B in Q1 2026.
How has Arthur J. Gallagher's brokerage — operating changed year-over-year?
Arthur J. Gallagher's brokerage — operating increased by 38.5% year-over-year, from $2.22B to $3.07B.
What is the long-term trend for Arthur J. Gallagher's brokerage — operating?
Over 4 years (2021 to 2025), Arthur J. Gallagher's brokerage — operating has grown at a 19.5% compound annual growth rate (CAGR), from $4.62B to $9.43B.
What does brokerage — operating mean?
Encompasses the day-to-day non-compensation operating expenses required to run the brokerage segment, such as office rent, technology costs, and professional fees. This metric is used to assess the overhead efficiency of the brokerage operations. It excludes compensation and interest to focus on the cost of supporting the business infrastructure.