Arthur J. Gallagher Risk Management — Deferred contract costs increased by 4.5% to $208.00M in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 21.1%, from $171.80M to $208.00M. Over 4 years (FY 2021 to FY 2025), Risk Management — Deferred contract costs shows relatively stable performance with a -1.5% CAGR.
An increase suggests higher investment in business development or contract fulfillment, which should correlate with future revenue growth.
These are incremental costs incurred to obtain or fulfill a contract with a customer that are capitalized and amortized...
Standard accounting practice for service-based firms under ASC 606, often labeled as 'capitalized contract costs'.
ajg_segment_risk_management_deferred_contract_costs| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $193.30M | $194.50M | $183.70M | $185.00M | $176.90M | $173.30M | $175.30M | $172.20M | $172.60M | $178.70M | $172.60M | $175.80M | $175.00M | $177.80M | $173.40M | $171.80M | $173.80M | $181.20M | $199.00M | $208.00M |
| QoQ Change | — | +0.6% | -5.6% | +0.7% | -4.4% | -2.0% | +1.2% | -1.8% | +0.2% | +3.5% | -3.4% | +1.9% | -0.5% | +1.6% | -2.5% | -0.9% | +1.2% | +4.3% | +9.8% | +4.5% |
| YoY Change | — | — | — | — | -8.5% | -10.9% | -4.6% | -6.9% | -2.4% | +3.1% | -1.5% | +2.1% | +1.4% | -0.5% | +0.5% | -2.3% | -0.7% | +1.9% | +14.8% | +21.1% |