Arthur J. Gallagher & Co. income statement
In fiscal 2025, Arthur J. Gallagher & Co. reported revenue of $13.94bn, up 20.7% on the year before and net income of $1.49bn, or $5.74 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2009Dec 2009 | 2010Dec 2010 | 2011Dec 2011 | 2012Dec 2012 | 2013Dec 2013 | 2014Dec 2014 | 2015Dec 2015 | 2016Dec 2016 | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 1.7 | 1.9 | 2.1 | 2.5 | 3.2 | 4.6 | 5.4 | 5.6 | 6.2 | 6.9 | 7.2 | 7.0 | 8.2 | 8.6 | 10.1 | 11.6 | 13.9 | 15.8 |
| Cost of revenue | — | 0.1 | 0.0 | 0.1 | 0.4 | 1.1 | — | 1.4 | 1.6 | 1.8 | 1.4 | 0.9 | 1.2 | 0.0 | — | — | — | — |
| Gross profit | — | 1.8 | 2.1 | 2.4 | 2.7 | 3.6 | — | 4.2 | 4.5 | 5.1 | 5.8 | 6.1 | 7.0 | 8.5 | — | — | — | — |
| Interest expense | 0.0 | 0.0 | 0.0 | 0.0 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.2 | 0.2 | 0.2 | 0.3 | 0.3 | 0.4 | 0.6 | 0.6 |
| Income before tax | 0.2 | 0.2 | 0.2 | 0.2 | 0.3 | 0.3 | 0.3 | 0.3 | 0.4 | 0.5 | 0.6 | 0.9 | 1.0 | 1.3 | 1.2 | 1.9 | 1.9 | 2.0 |
| Income tax | 0.1 | 0.0 | 0.1 | 0.1 | 0.0 | −0.0 | −0.1 | −0.1 | −0.2 | −0.2 | −0.1 | 0.0 | 0.0 | 0.2 | 0.2 | 0.4 | 0.4 | 0.4 |
| Net income | 0.1 | 0.2 | 0.1 | 0.2 | 0.3 | 0.3 | 0.4 | 0.4 | 0.5 | 0.6 | 0.7 | 0.8 | 0.9 | 1.1 | 1.0 | 1.5 | 1.5 | 1.6 |
| Diluted EPS | $1.28 | $1.66 | $1.28 | $1.59 | $2.06 | $1.97 | $2.06 | $2.22 | $2.64 | $3.40 | $3.52 | $4.20 | $4.37 | $5.19 | $4.42 | $6.50 | $5.74 | $6.11 |
| Diluted shares (average) | 101m | 105m | 112m | 121m | 129m | 153m | 172m | 178m | 180m | 183m | 186m | 191m | 203m | 210m | 215m | 221m | 256m | 257m |
| Quarter | 2024 Q3Sept 2024 | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 2,807 | 2,716 | 3,727 | 3,222 | 3,366 | 3,628 | 4,758 | 4,003 |
| Interest expense | 93 | 102 | 158 | 158 | 161 | 161 | 158 | 168 |
| Income before tax | 403 | 333 | 873 | 473 | 347 | 180 | 1,043 | 414 |
| Income tax | 89 | 75 | 164 | 105 | 73 | 26 | 220 | 90 |
| Net income | 313 | 259 | 704 | 368 | 273 | 151 | 822 | 324 |
| Diluted EPS | $1.39 | $1.10 | $2.72 | $1.40 | $1.04 | $0.58 | $3.16 | $1.25 |
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