Arthur J. Gallagher & Co.
Income Statement
| Line Item | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|---|
| Revenue | — | $13.94B | $11.55B | $10.07B | $8.55B | $8.21B | $7.00B | $7.20B |
| Brokerage_Commissions | — | $8.02B | $6.69B | $5.87B | $5.19B | $4.13B | $3.59B | $3.32B |
| Brokerage_Fees | — | $2.65B | $2.19B | $1.89B | $1.48B | $1.30B | $1.14B | $1.07B |
| Brokerage_Supplemental | — | $466.0M | $359.4M | $314.2M | $284.7M | $248.7M | $221.9M | $210.5M |
| Brokerage_Contingent | — | $324.0M | $267.6M | $235.3M | $207.3M | $188.0M | $147.0M | $135.6M |
| Brokerage_Other | — | $732.0M | $420.4M | $337.7M | $147.5M | $101.6M | $69.4M | $160.6M |
| RiskManagement_Fees | — | $1.55B | $1.41B | $1.26B | $1.09B | $967.2M | $821.0M | $836.9M |
| RiskManagement_Other | — | $36.0M | $36.5M | $27.9M | $1.8M | $400.0K | $700.0K | $1.6M |
| RiskManagement_Reimbursements | — | $164.0M | $154.3M | $145.4M | $130.5M | $133.0M | $151.7M | $138.6M |
| Corporate_Other | — | $1.0M | $16.3M | $1.7M | $23.7M | $1.14B | $863.1M | $1.32B |
| Cost of Revenue | — | — | — | — | $22.9M | $1.17B | $882.1M | $1.35B |
| Gross Profit | — | — | — | — | $8.53B | $7.04B | $6.12B | $5.84B |
| Gross Margin | — | — | — | — | 99.7% | 85.7% | 87.4% | 81.2% |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | — | — | — | — | — | — | — | — |
| Operating Income | — | $2.51B | $2.26B | $1.48B | $1.58B | $1.20B | $1.07B | $805.9M |
| Operating Margin | — | 18.0% | 19.5% | 14.7% | 18.5% | 14.6% | 15.2% | 11.2% |
| Interest Expense | — | $639.0M | $381.0M | $297.0M | $256.9M | $226.1M | $196.4M | $179.8M |
| Pretax Income | — | $1.87B | $1.88B | $1.19B | $1.33B | $975.1M | $870.9M | $626.1M |
| Income Tax Expense | — | $368.0M | $404.0M | $219.0M | $211.0M | $20.1M | $12.8M | $-89.7M |
| Net Income | — | $1.49B | $1.46B | $970.0M | $1.11B | $906.8M | $818.8M | $668.8M |
| Net Margin | — | 10.7% | 12.7% | 9.6% | 13.0% | 11.0% | 11.7% | 9.3% |
| EPS (Basic) | — | $5.83 | $6.63 | $4.51 | $5.30 | $4.47 | $4.29 | $3.60 |
| EPS (Diluted) | — | $5.74 | $6.50 | $4.42 | $5.19 | $4.37 | $4.20 | $3.52 |
| Shares Outstanding (Basic) | 257.1M | 256.1M | 220.5M | 214.9M | 210.3M | 202.7M | 191.0M | 186.0M |
| Shares Outstanding (Diluted) | 257.1M | 256.1M | 220.5M | 214.9M | 210.3M | 202.7M | 191.0M | 186.0M |
| Dividends Per Share | — | $2.60 | $2.40 | $2.20 | $2.04 | $1.92 | $1.80 | $1.72 |