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Arthur J. Gallagher AJG Risk Management — Incremental deferred revenue

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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:ContractWithCustomerLiabilityAdditions.

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 — incremental deferred revenue?
Arthur J. Gallagher (AJG) reported risk management — incremental deferred revenue of $26M in Q1 2026.
How has Arthur J. Gallagher's risk management — incremental deferred revenue changed year-over-year?
Arthur J. Gallagher's risk management — incremental deferred revenue decreased by 0.8% year-over-year, from $26.2M to $26M.
What is the long-term trend for Arthur J. Gallagher's risk management — incremental deferred revenue?
Over 4 years (2021 to 2025), Arthur J. Gallagher's risk management — incremental deferred revenue has grown at a 2.3% compound annual growth rate (CAGR), from $102.1M to $112M.
What does risk management — incremental deferred revenue mean?
This represents the net increase in revenue that has been billed or collected but not yet earned because the associated services have not been fully performed. It serves as a key indicator of new business momentum and the accumulation of future service obligations within the Risk Management segment. A growing balance typically signals strong demand for the segment's consulting and risk services.