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Arthur J. Gallagher AJG Risk Management — Cost Reimbursements

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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 ajg:CostReimbursements.

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 risk management — cost reimbursements?
Arthur J. Gallagher (AJG) reported risk management — cost reimbursements of $42M in Q1 2026.
How has Arthur J. Gallagher's risk management — cost reimbursements changed year-over-year?
Arthur J. Gallagher's risk management — cost reimbursements increased by 7.7% year-over-year, from $39M to $42M.
What is the long-term trend for Arthur J. Gallagher's risk management — cost reimbursements?
Over 4 years (2021 to 2025), Arthur J. Gallagher's risk management — cost reimbursements has grown at a 5.4% compound annual growth rate (CAGR), from $133M to $164M.
What does risk management — cost reimbursements mean?
This metric represents the pass-through expenses incurred by the Risk Management segment that are billed back to clients for reimbursement. These costs typically include out-of-pocket expenditures such as travel, specialized third-party services, or administrative fees directly attributable to specific client engagements. Tracking this figure helps distinguish between core service revenue and the recovery of operational costs incurred during the delivery of risk management solutions.