How does Arthur J. Gallagher & (AJG) make money?

Arthur J. Gallagher & (AJG) generates revenue primarily from Commissions, which accounted for 60.1% of total revenue in TTM through Q1 2026. The company reported $14.97B in revenue and converted 10.8% of it into net profit, equivalent to roughly $1.61B in net income — what's left after the cost of revenue, operating expenses, interest, and income taxes.

What is the gross profit margin of Arthur J. Gallagher & (AJG)?

Arthur J. Gallagher & (AJG) reported a gross profit margin of 66% in TTM through Q1 2026, equivalent to $9.88B in gross profit on $14.97B in revenue. Gross margin measures how much of each dollar of revenue remains after the direct cost of producing or delivering the product — a higher figure typically signals pricing power, scale, or a less capital-intensive business model.

What is the operating profit margin of Arthur J. Gallagher & (AJG)?

Arthur J. Gallagher & (AJG) reported an operating profit margin of 18.2% in TTM through Q1 2026, equivalent to $2.72B in operating income. Operating margin captures profitability after research & development, sales & marketing, and general & administrative expenses — but before interest, taxes, and one-off items — and is the cleanest single read on the underlying business's efficiency.

What is the net profit margin of Arthur J. Gallagher & (AJG)?

Arthur J. Gallagher & (AJG) reported a net profit margin of 10.8% in TTM through Q1 2026, equivalent to $1.61B in net income. Net margin is the bottom-line share of revenue that survives every expense — operating costs, interest, and income taxes — and is the figure that flows directly into earnings per share.

Is Arthur J. Gallagher & (AJG) profitable?

Yes. Arthur J. Gallagher & (AJG) reported $1.61B in net income for TTM through Q1 2026, with a net profit margin of 10.8%. The company earned more from its operations than it paid out in costs, interest, and income taxes, leaving positive earnings on the bottom line.

How much does Arthur J. Gallagher & (AJG) spend on capital expenditures?

Arthur J. Gallagher & (AJG) spent $152.80M on capital expenditures (CapEx) during TTM through Q1 2026, roughly 1.0% of total revenue. CapEx represents long-lived investment in property, equipment, data centres, and other physical infrastructure, and is subtracted from operating cash flow to arrive at free cash flow.

How much free cash flow does Arthur J. Gallagher & (AJG) generate?

Arthur J. Gallagher & (AJG) generated $1.86B in free cash flow during TTM through Q1 2026, a free-cash-flow margin of 12.4%. Free cash flow is the cash left after capital expenditures and represents the discretionary pool the company can use to pay dividends, repurchase shares, repay debt, or fund acquisitions without raising external capital.

What is the effective tax rate of Arthur J. Gallagher & (AJG)?

Arthur J. Gallagher & (AJG) had an effective tax rate of 20.8% in TTM through Q1 2026. The effective rate is the actual share of pre-tax income paid as income taxes and can differ materially from the statutory rate due to foreign earnings mix, tax credits (such as R&D), share-based compensation deductions, and one-off discrete items.

What are the main business segments of Arthur J. Gallagher & (AJG)?

Arthur J. Gallagher & (AJG) reports revenue across 5 reportable product segments, led by Commissions at 60.1% of total revenue in TTM through Q1 2026. See the revenue-by-segment table on this page for the full breakdown and how each segment feeds into the income-statement waterfall above.

Where does Arthur J. Gallagher & (AJG) generate most of its revenue?

UNITED STATES is the largest geographic market for Arthur J. Gallagher & (AJG), accounting for 68.4% of revenue in the most recent annual filing. The complete regional split — including international markets and any Rest-of-World rollup — is shown in the revenue-by-geography table on this page.

How Arthur J. Gallagher & Makes Money: 2026 Visual Revenue Map

Arthur J. Gallagher & (AJG) Income Statement Flow — TTM through Q1 2026

Calculated from the four most recent reported quarters, ending March 31, 2026 (reported May 7, 2026).

Arthur J. Gallagher & (AJG) Revenue by Product Segment — TTM through Q1 2026

Aggregated from the four quarterly disclosures behind this TTM. Minor differences vs the company's annual filing can occur if reported segments changed mid-year.

Revenue contribution by product segment for Arthur J. Gallagher & (AJG) in TTM through Q1 2026.
Segment	Revenue (USD)	% of total
Commissions	$9.00B	60.1%
Brokerage	$4.47B	29.9%
Investment Performance	$614.24M	4.1%
Supplemental Revenue	$538.09M	3.6%
Contingent Revenue	$350.00M	2.3%
Total	$14.97B	100%

Commissions$9.00B
Brokerage$4.47B
Investment Performance$614.24M
Supplemental Revenue$538.09M
Contingent Revenue$350.00M
Total$14.97B

Arthur J. Gallagher & (AJG) Revenue by Geography — TTM through Q1 2026

Aggregated from the four quarterly disclosures behind this TTM. Minor differences vs the company's annual filing can occur if reported regions changed mid-year.

Revenue contribution by geographic region for Arthur J. Gallagher & (AJG), TTM through Q1 2026
Region	Revenue (USD)	% of total
UNITED STATES	$10.24B	68.4%
UNITED KINGDOM	$2.56B	17.1%
Other Foreign	$969.30M	6.5%
AUSTRALIA	$607.20M	4.1%
CANADA	$387.20M	2.6%
NEW ZEALAND	$209.10M	1.4%
Total	$14.97B	100%

UNITED STATES
UNITED KINGDOM
Other Foreign
AUSTRALIA
CANADA
NEW ZEALAND
Total

Revenue Breakdown — TTM through Q1 2026

In TTM through Q1 2026, Arthur J. Gallagher & (AJG) reports revenue across 5 operating segments; the largest segment was Commissions at 60.1%, followed by Brokerage (29.9%) and Investment Performance (4.1%). Separately, by end-market geography, UNITED STATES accounted for 68.4% of revenue, followed by UNITED KINGDOM (17.1%) and Other Foreign (6.5%).

Frequently asked questions

Data & methodology

Arthur J. Gallagher & (AJG) Key Financials

Charts, filings, and peer comparison for every metric

Explore more

Deep-dives across the income statement, cash flow, capital return, and valuation