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Arthur J. Gallagher AJG Risk Management — Deferred revenue recognized from business acquisitions

Other segment segments

Brokerage
$7M+11.1%

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$2.4M+4.3%

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:ContractWithCustomerLiabilityIncreaseDecreaseForContractAcquiredInBusinessCombination.

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 — deferred revenue recognized from business acquisitions?
Arthur J. Gallagher (AJG) reported risk management — deferred revenue recognized from business acquisitions of $0 in Q1 2026.
What does risk management — deferred revenue recognized from business acquisitions mean?
This represents the revenue recognized from deferred revenue balances that were acquired through business combinations and subsequently adjusted to fair value. It highlights the contribution of inorganic growth strategies to the segment's current revenue stream. Investors use this to distinguish between organic revenue growth and growth derived from past acquisitions.