Business Segments · Operating

Brokerage — Operating

Arthur J. Gallagher Brokerage — Operating increased by 11.7% to $3.07B in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 38.4%, from $2.22B to $3.07B. Over 4 years (FY 2021 to FY 2025), Brokerage — Operating shows an upward trend with a 19.5% CAGR. This increase may warrant attention — for this metric, lower values are generally preferred.

Analysis

StatementSegment
CategoryEfficiency
SignalLower is better
VolatilityStable
First reportedQ1 2016
Last reportedQ1 2026

How to read this metric

Lower operating expenses relative to revenue indicate better cost control and operational scalability.

Detailed definition

Encompasses the day-to-day non-compensation operating expenses required to run the brokerage segment, such as office ren...

Peer comparison

Standard operating expense category for service-based segments in large corporations.

Metric ID: ajg_segment_brokerage_operating

Historical Data

20 periods
 Q2 '21Q3 '21Q4 '21Q1 '22Q2 '22Q3 '22Q4 '22Q1 '23Q2 '23Q3 '23Q4 '23Q1 '24Q2 '24Q3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Value$1.16B$1.16B$1.16B$1.43B$1.43B$1.43B$1.43B$1.77B$1.77B$1.77B$1.77B$1.99B$1.93B$1.88B$1.87B$2.22B$2.10B$2.37B$2.75B$3.07B
QoQ Change+0.0%+0.0%+23.5%+0.0%+0.0%+0.0%+23.8%+0.0%+0.0%+0.0%+12.6%-3.0%-2.4%-0.7%+18.4%-5.2%+12.8%+15.8%+11.7%
YoY Change+23.5%+23.5%+23.5%+23.8%+23.8%+23.8%+23.8%+12.6%+9.3%+6.7%+5.9%+11.4%+8.9%+25.8%+46.7%+38.4%
Range$1.16B$3.07B
CAGR+22.8%
Avg YoY Growth+20.7%
Median YoY Growth+23.5%
Current Streak3 quarters growth

Frequently Asked Questions

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 38.4% 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?
General operating expenses for the brokerage segment, excluding employee compensation and interest.