AJG · XBRL financial data

Arthur J Gallagher financial statements, every fiscal year

The same tables from 6 filings, lined up. Matched by XBRL tag: renamed lines keep their history.

How these numbers work

Every number comes from the company's XBRL financial data filed with the SEC, and each one links to its filing.
Lines are matched by XBRL tag, so a line renamed between filings keeps its history.
* marks a quarter worked out from the filing totals: the 10-K year minus the first three quarters, or a year-to-date total minus the earlier one. Fourth-quarter earnings per share is fourth-quarter net income over the fourth-quarter weighted shares.
0 means a filing states zero; a dash (—) means no filing states that number.
“year only” means the 10-K gives the full year but not the quarters needed to work out the fourth. A worked-out quarter of revenue, cost of revenue or operating cash flow more than twice the company's largest quarter of the two years before is shown this way too.
Gross profit is shown as the company reports it; a worked-out quarter must equal revenue less cost of revenue for that quarter, or it is a dash.
Operating income can be above gross profit when the company books other operating income between the two, shown on its own line.
Shares outstanding come from each filing's cover page, as of the date printed there.
Quarters are fiscal: Q2 FY27 is the second quarter of the company's fiscal 2027.

Income statement

Fiscal years (AJG's year ends in late December)

In millions of dollars	FY 2020Dec 31, 2020	FY 2021Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025Dec 31, 2025
Revenue from contracts with customers	7,004	8,209	8,551	10,072	11,555	13,942
Cost of goods and services sold	882	1,173	23	—	—	—
Total operating expenses	907	1,072	1,331	1,690	1,754	2,258
Interest expense	196	226	257	297	381	639
Income tax expense (benefit)	13	20	211	219	404	368
Net income (loss)	819	907	1,114	970	1,463	1,494
Earnings per share, basic USD per share	4.29	4.47	5.30	4.51	6.63	5.83
Earnings per share, diluted USD per share	4.20	4.37	5.19	4.42	6.50	5.74
Weighted average shares, basic millions of shares	191	203	210	215	221	256

Fiscal years (AJG's year ends in late December)

In millions of dollars	FY 2020Dec 31, 2020	FY 2021Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025Dec 31, 2025
Cash and cash equivalents	665	403	342	972	14,987	1,396
Accounts receivable	—	—	2,911	3,787	3,896	5,175
Total current assets	11,124	17,670	22,835	32,116	44,113	34,356
Property and equipment, net	451	501	576	726	650	789
Right-of-use asset	374	359	347	400	378	598
Goodwill	6,127	8,666	9,489	11,476	12,270	22,593
Total assets	22,331	33,345	38,908	51,616	64,255	70,665
Total current liabilities	10,135	16,735	21,888	31,065	29,261	32,519
Long-term debt	4,266	5,810	5,563	7,006	12,732	12,104
Lease liability, non-current	321	309	300	352	328	515
Total liabilities	16,099	24,785	29,718	40,801	44,076	47,318
Retained earnings	2,372	2,882	3,562	4,053	4,986	5,806
Total stockholders' equity	6,186	8,508	9,144	10,775	20,154	23,321
Total liabilities and equity	22,331	33,345	38,908	51,616	64,255	70,665
Common shares outstanding (cover page) millions of shares	194	209	212	217	255	257

Fiscal years (AJG's year ends in late December)

In millions of dollars	FY 2020Dec 31, 2020	FY 2021Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025Dec 31, 2025
Net income (loss)	819	907	1,114	970	1,463	1,494
Stock-based compensation	14	13	24	31	42	49
Net cash from operating activities	1,753	1,704	2,125	2,032	2,583	1,930
Net cash from investing activities	(417)	(3,432)	(1,005)	(3,293)	(1,587)	(15,876)
Proceeds from issuing common stock	112	1,547	123	120	8,507	1,499
Dividends paid	347	392	430	474	525	667
Proceeds from long-term debt	425	1,677	—	—	—	—
Net cash from financing activities	(505)	2,684	(523)	2,874	13,053	1,713
Net change in cash	950	892	498	1,579	13,925	(11,930)

SIC 6411 and related industry codes, similar size. Each row is the latest quarter reported.

How peers are chosen

SIC 6411 and related industry codes with public float (or, where float is missing, quarterly revenue) between 0.2x and 5x the company's.
Each row is the latest quarter the company has reported, named in the Quarter column; when that filing is a 10-K, it is the fourth quarter, never the full year.
* marks a quarter worked out from the filing totals: for a 10-Q, the year-to-date total less the earlier one.

Company	Cash ($M)	Revenue, quarter ($M)	Operating cash flow, quarter ($M)	Shares outstanding	Quarter
Arthur J. Gallagher	1,386	4,003	10*	256.3M	Q2 FY26 10-QJun 30, 2026
Aon	2,017	4,101	1,191*	212.2M	Q3 FY26 10-QSep 30, 2026
Marsh & McLennan Companies	1,842	6,863	1,478*	475.5M	Q3 FY26 10-QSep 30, 2026
Brown & Brown	1,099	1,725	532*	331.7M	Q3 FY26 10-QSep 30, 2026
Willis Towers Watson	1,946	2,404	739*	92.2M	Q3 FY26 10-QSep 30, 2026
Equitable Holdings	17,183	1,658	643*	273.0M	Q2 FY26 10-QJun 30, 2026

Not investment advice. Not affiliated with the U.S. SEC.