Arthur J. Gallagher & Co. (AJG) — Financial statements
Income statement, balance sheet, and cash flow for Arthur J. Gallagher & Co. — annual and quarterly history with growth and margin analysis.
| Metric (USD Millions) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
| Revenue & Gross Profit | ||||||
| Revenue | 13,942↑20.7% | 11,555↑14.7% | 10,072↑17.8% | 8,551↑4.2% | 8,209 | |
| Cost of Revenue | 6,309↓5.5% | 6,677↑14.6% | 5,827↑17.6% | 4,953↓5.4% | 5,234 | |
| Gross Profit | 7,633↑56.5% | 4,878↑14.9% | 4,245↑18.0% | 3,597↑20.9% | 2,976 | |
| Operating Expenses | ||||||
| R&D Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| General & Administrative Expenses | 7,001↑7.3% | 6,522↑14.8% | 5,681↑18.4% | 4,800↑22.2% | 3,928 | |
| Selling & Marketing Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| SG&A Expenses | 7,001↑7.3% | 6,522↑14.8% | 5,681↑18.4% | 4,800↑22.2% | 3,928 | |
| Other Expenses | -1,917↑51.2% | -3,926↓19.2% | -3,295↓14.8% | -2,869↓25.4% | -2,289 | |
| Operating Expenses | 5,084↑95.8% | 2,596↑8.8% | 2,386↑23.6% | 1,931↑17.8% | 1,639 | |
| Total Costs & Expenses | 11,393↑22.9% | 9,273↑12.9% | 8,213↑19.3% | 6,884↑0.2% | 6,872 | |
| Operating Results | ||||||
| Operating Income | 2,549↑11.7% | 2,282↑22.8% | 1,859↑11.5% | 1,667↑24.7% | 1,337 | |
| Depreciation & Amortization | 1,123↑33.3% | 842↑20.9% | 697↑16.2% | 600↑5.9% | 566 | |
| EBITDA | 3,661↑18.2% | 3,098↑42.2% | 2,178↓0.2% | 2,184↑23.5% | 1,768 | |
| EBIT | 2,539↑12.5% | 2,256↑52.3% | 1,482↓6.4% | 1,584↑31.9% | 1,201 | |
| Interest & Other Income | ||||||
| Net Interest Income | -639↓67.5% | -381↓28.5% | -297↓15.5% | -257↓13.6% | -226 | |
| Interest Income | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Interest Expense | 639↑67.5% | 381↑28.5% | 297↑15.5% | 257↑13.6% | 226 | |
| Non-Operating Income | 10↓60.8% | 26↓93.1% | 377↑354.6% | 83↓38.9% | 136 | |
| Other Income / Expenses | -678↓66.4% | -407↑39.6% | -674↓98.3% | -340↑6.1% | -362 | |
| Income Before Tax | 1,871↓0.2% | 1,875↑58.2% | 1,185↓10.7% | 1,327↑36.1% | 975 | |
| Income Tax Expense | 368↓8.9% | 404↑84.6% | 219↑3.8% | 211↑949.8% | 20 | |
| Net Income & EPS | ||||||
| Net Income from Continuing Operations | 1,503↑2.2% | 1,470↑52.2% | 966↓13.4% | 1,116↑16.9% | 955 | |
| Net Income from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net Income | 1,494↑2.1% | 1,463↑50.9% | 970↓13.0% | 1,114↑22.9% | 907 | |
| Bottom-Line Net Income | 1,494↑2.1% | 1,463↑50.9% | 970↓13.0% | 1,114↑22.9% | 907 | |
| EPS (Basic) | 5.83↓12.1% | 6.63↑47.0% | 4.51↓14.9% | 5.30↑18.6% | 4.47 | |
| EPS (Diluted) | 5.75↓11.9% | 6.53↑47.7% | 4.42↓14.8% | 5.19↑18.8% | 4.37 | |
| Weighted Average Shares | 260↑18.1% | 221↑2.6% | 215↑2.2% | 210↑3.7% | 203 | |
| Weighted Average Diluted Shares | 260↑16.3% | 224↑2.1% | 219↑2.1% | 215↑3.6% | 207 | |
* All figures in Millions of USD, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.