Revenues before reimbursements
Arthur J. Gallagher Revenues before reimbursements increased by 31.5% to $4.72B in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 27.9%, from $3.69B to $4.72B. Over 4 years (FY 2021 to FY 2025), Revenues before reimbursements shows an upward trend with a 14.3% CAGR. This is a positive signal — higher values indicate stronger performance for this metric.
Analysis
How to read this metric
An increase indicates growth in core service demand and successful client acquisition, while a decrease suggests a slowdown in brokerage activity.
Detailed definition
This represents the gross revenue earned from core brokerage and consulting services before the inclusion of pass-throug...
Peer comparison
Commonly reported by insurance brokers and professional services firms as organic or core revenue.
other_revenue_from_contract_with_customer_before_reimbur_1e1503Historical Data
| 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 | $1.90B | $2.11B | $1.94B | $2.40B | $2.01B | $2.01B | $2.00B | $2.67B | $2.41B | $2.45B | $2.39B | $3.22B | $2.74B | $2.77B | $2.68B | $3.69B | $3.18B | $3.33B | $3.59B | $4.72B |
| QoQ Change | — | +11.0% | -7.8% | +23.9% | -16.5% | +0.2% | -0.8% | +34.0% | -10.0% | +1.9% | -2.4% | +34.4% | -15.0% | +1.1% | -3.1% | +37.6% | -13.8% | +4.6% | +7.8% | +31.5% |
| YoY Change | — | — | — | — | +5.9% | -4.4% | +2.8% | +11.2% | +19.8% | +21.9% | +20.0% | +20.4% | +13.7% | +12.8% | +12.0% | +14.6% | +16.2% | +20.2% | +33.8% | +27.9% |
Product Breakdown
| Segment | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 |
|---|---|---|---|---|---|---|---|---|
| Commissions | $1.66B | $1.54B | $1.50B | $2.25B | $1.81B | $1.91B | $2.06B | $3.12B |
| Fees | $827.10M | $945.00M | $883.70M | $985.00M | $962.40M | $1.06B | $1.19B | $1.21B |
| Supplemental revenues | — | — | $97.30M | $114.00M | $102.80M | $117.60M | $131.70M | $180.00M |
| Contingent revenues | $59.80M | $69.30M | $52.90M | $93.00M | $72.70M | $75.40M | $83.00M | $115.00M |
| Interest income, premium finance revenues and other income (loss) | $98.60M | $135.30M | $145.70M | $247.00M | $232.50M | $167.10M | $121.80M | $86.00M |
| Interest Income Premium Finance Revenues And Other Income | $98.60M | $135.30M | $145.90M | $247.60M | — | — | — | — |
| Supplemental Revenue Member | $88.70M | $79.10M | — | — | — | — | — | — |
| Total | $2.74B | $2.77B | $2.68B | $3.69B | $3.18B | $3.33B | $3.59B | $4.72B |
Gains On Divestitures, Interest Income Premium Finance Revenues And Other Income, Net Gains Losses On Divestitures, Net Gains On Divestitures, Supplemental Revenue Member were previously reported and have since been discontinued or reclassified. Only currently active segments are shown in the chart.
Business Segments
| Segment | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 |
|---|---|---|---|---|---|---|---|---|
| Brokerage | $2.38B | $2.40B | $2.30B | $3.31B | $2.79B | $2.92B | $3.17B | $4.29B |
| Risk Management | — | $369.70M | — | $374.00M | $391.90M | $402.10M | $417.60M | $428.00M |
| Corporate | — | $400.00K | — | $0.00 | $400.00K | $400.00K | $200.00K | -$5.00M |
| Total | $2.74B | $2.77B | $2.68B | $3.69B | $3.18B | $3.33B | $3.59B | $4.72B |
Revenues before reimbursements at Other Companies
Frequently Asked Questions
- What is Arthur J. Gallagher's revenues before reimbursements?
- Arthur J. Gallagher (AJG) reported revenues before reimbursements of $4.72B in Q1 2026.
- How has Arthur J. Gallagher's revenues before reimbursements changed year-over-year?
- Arthur J. Gallagher's revenues before reimbursements increased by 27.9% year-over-year, from $3.69B to $4.72B.
- What is the long-term trend for Arthur J. Gallagher's revenues before reimbursements?
- Over 4 years (2021 to 2025), Arthur J. Gallagher's revenues before reimbursements has grown at a 14.3% compound annual growth rate (CAGR), from $8.08B to $13.78B.
- What does revenues before reimbursements mean?
- The total revenue generated from core business operations excluding pass-through costs.