Arthur J. Gallagher & Co.

AJG 10-K · FY 2025

AJG FY 2025 request

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Income Statement

Income Statement
Metric FY 2025 FY 2024 YoY
Revenue 13,942 11,555 +20.7%
Show Business Segments breakouts
Brokerage · AU 344 349 -1.4%
Brokerage · CA 387 409 -5.4%
Brokerage · GB 2,372 2,168 +9.4%
Brokerage · NZ 207 203 +2.0%
Brokerage · Operating Segments 12,192 9,934 +22.7%
Brokerage · Other foreign 879 701 +25.4%
Brokerage · US 8,003 6,104 +31.1%
Corporate · Operating Segments 1 16 -93.8%
Corporate · US 1 16 -93.8%
Risk Management · AU 242 226 +7.1%
Risk Management · CA 8 7 +14.3%
Risk Management · GB 105 57 +84.2%
Risk Management · Operating Segments 1,749 1,605 +9.0%
Risk Management · Other foreign 7
Risk Management · US 1,387 1,308 +6.0%
Show Geography breakouts
AU 586 575 +1.9%
CA 395 416 -5.0%
GB 2,477 2,225 +11.3%
NZ 207 210 -1.4%
Other foreign 886 701 +26.4%
US 9,391 7,428 +26.4%
Total Costs & Expenses 12,071 9,680 +24.7%
Show Business Segments breakouts
Brokerage · Operating Segments 9,433 7,675 +22.9%
Corporate · Operating Segments 1,138 638 +78.4%
Risk Management · Operating Segments 1,500 1,367 +9.7%
Operating Expenses 2,258 1,754 +28.7%
Show Business Segments breakouts
Brokerage · Operating Segments 1,676 1,363 +23.0%
Corporate · Operating Segments 284 112 +153.6%
Risk Management · Operating Segments 298 279 +6.8%
Income Before Taxes 1,871 1,875 -0.2%
Show Business Segments breakouts
Brokerage · Operating Segments 2,759 2,259 +22.1%
Corporate · Operating Segments -1,137 -622 -82.8%
Risk Management · Operating Segments 249 238 +4.6%
Income Tax Expense (Benefit) 368 404 -8.9%
Show Business Segments breakouts
Brokerage · Operating Segments 707 573 +23.4%
Corporate · Operating Segments -405 -232 -74.6%
Risk Management · Operating Segments 66 63 +4.8%
Net Income 1,503 1,471 +2.2%
Show Business Segments breakouts
Brokerage · Operating Segments 2,052 1,686 +21.7%
Corporate · Operating Segments -732 -390 -87.7%
Risk Management · Operating Segments 183 175 +4.6%
Show Equity Components breakouts
Noncontrolling Interest 9 8 +12.5%
Retained Earnings 1,494 1,463 +2.1%
Net Income 1,494 1,463 +2.1%
Show Business Segments breakouts
Brokerage · Operating Segments 2,043 1,678 +21.8%
Corporate · Operating Segments -732 -390 -87.7%
Risk Management · Operating Segments 183 175 +4.6%
Comprehensive Income 2,120 1,104 +92.0%
EPS (Basic) 5.83 6.63 -12.1%
EPS (Diluted) 5.74 6.5 -11.7%
Wtd Avg Shares (Basic) 256.1 220.5 +16.1%
Gain Loss On Investments -23 -23 0.0%
Interest Expense 639 381 +67.7%
Show Business Segments breakouts
Corporate · Operating Segments 639 381 +67.7%
Labor And Related Expense 7,842 6,522 +20.2%
Show Business Segments breakouts
Brokerage · Operating Segments 6,660 5,502 +21.0%
Corporate · Operating Segments 208 138 +50.7%
Risk Management · Operating Segments 974 882 +10.4%
Net Income Loss Attributable To Noncontrolling Interest 9 8 +12.5%
Show Business Segments breakouts
Brokerage · Operating Segments 9 8 +12.5%
Foreign Currency Transaction Gain Loss Before Tax -54
Show Business Segments breakouts
Brokerage · Operating Segments -5 1 -600.0%
Corporate · Operating Segments -48 -1 -4700.0%
Risk Management · Operating Segments -1

Balance Sheet

Balance Sheet
Metric FY 2025 FY 2024 YoY
Current Assets
Accounts Receivable 5,175 3,896 +32.8%
Total Current Assets 34,356 44,113 -22.1%
Non-Current Assets
Property, Plant & Equipment 789 650 +21.4%
Operating Lease Right-of-Use Assets 598 378 +58.2%
Goodwill 22,593 12,270 +84.1%
Show Business Segments breakouts
Brokerage 22,078 11,923 +85.2%
Brokerage · AU 591 509 +16.1%
Brokerage · CA 628 587 +7.0%
Brokerage · GB 2,889 2,591 +11.5%
Brokerage · NZ 225 183 +23.0%
Brokerage · Operating Segments 22,078 11,923 +85.2%
Brokerage · Other foreign 1,317 1,087 +21.2%
Brokerage · US 16,428 6,966 +135.8%
Corporate 18 19 -5.3%
Corporate · Operating Segments 18 19 -5.3%
Corporate · Other foreign 18 19 -5.3%
Risk Management 497 328 +51.5%
Risk Management · AU 238 219 +8.7%
Risk Management · GB 142 26 +446.2%
Risk Management · NZ 8 8 0.0%
Risk Management · Operating Segments 497 328 +51.5%
Risk Management · US 109 75 +45.3%
Show Geography breakouts
AU 829 728 +13.9%
CA 628 587 +7.0%
GB 3,031 2,617 +15.8%
NZ 233 191 +22.0%
Other foreign 1,335 1,106 +20.7%
US 16,537 7,041 +134.9%
Intangible Assets 10,684 4,530 +135.8%
Show Finite Lived Intangible Assets By Major Class breakouts
Expiration lists 10,611 4,451 +138.4%
Noncompete Agreements 27 32 -15.6%
Trade Names 46 47 -2.1%
Deferred Tax Assets 43 959 -95.5%
Other Non-Current Assets 1,602 1,355 +18.2%
Total Assets 70,665 64,255 +10.0%
Show Business Segments breakouts
Brokerage · AU 1,919 1,767 +8.6%
Brokerage · CA 1,731 1,684 +2.8%
Brokerage · GB 15,161 16,051 -5.5%
Brokerage · NZ 776 719 +7.9%
Brokerage · Operating Segments 51,545 46,439 +11.0%
Brokerage · Other foreign 6,755 5,308 +27.3%
Brokerage · US 25,203 20,910 +20.5%
Corporate · Operating Segments 16,846 16,154 +4.3%
Corporate · Other foreign 145 125 +16.0%
Corporate · US 16,701 16,029 +4.2%
Risk Management · AU 460 382 +20.4%
Risk Management · CA 9 6 +50.0%
Risk Management · GB 443 150 +195.3%
Risk Management · NZ 8 14 -42.9%
Risk Management · Operating Segments 2,274 1,662 +36.8%
Risk Management · Other foreign 19
Risk Management · US 1,335 1,110 +20.3%
Show Geography breakouts
AU 2,379 2,149 +10.7%
CA 1,740 1,690 +3.0%
GB 15,604 16,201 -3.7%
NZ 784 733 +7.0%
Other foreign 6,919 5,433 +27.4%
US 43,239 38,049 +13.6%
Current Liabilities
Deferred Revenue 737 537 +37.2%
Total Current Liabilities 32,519 29,260 +11.1%
Non-Current Liabilities
Long-Term Debt 12,873
Show Collateral breakouts
Security Deposit · Letter Of Credit 1
Show Line Of Credit Facility breakouts
Rent-A-Captive Facility · Letter Of Credit 13
Long-Term Debt 12,104 12,732 -4.9%
Operating Lease Liabilities 515 328 +57.0%
Other Non-Current Liabilities 2,025 1,688 +20.0%
Total Liabilities 47,318 44,075 +7.4%
Show Credit Facility breakouts
Standby Letters Of Credit · Credit Agreement 11
Stockholders' Equity
Common Stock 257 250 +2.8%
Retained Earnings 5,806 4,986 +16.4%
Accumulated Other Comprehensive Income -525 -1,151 +54.4%
Total Stockholders' Equity 23,321 20,154 +15.7%
Total Liabilities & Equity 70,665 64,255 +10.0%

Cash Flow Statement

Cash Flow Statement
Metric FY 2025 FY 2024 YoY
Operating Activities
Stock-Based Compensation 49 42 +16.7%
Deferred Income Taxes 61 109 -44.0%
Change in Accounts Receivable -278 -65 -327.7%
Change in Deferred Revenue -56 -116 +51.7%
Net Cash from Operations 1,930 2,583 -25.3%
Investing Activities
Net Cash from Investing -15,876 -1,587 -900.4%
Financing Activities
Net Cash from Financing 1,713 13,052 -86.9%
Supplemental
Income Taxes Paid 341 331 +3.0%
Other Cash Flow
Net Change in Cash -11,930 13,925 -185.7%

Values in millions USD. Source: SEC EDGAR 10-K filing.

This table is rendered from the same JSON returned by /api/financials.

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