Filing Flows › Arthur J. Gallagher (AJG) › Q1 2025
Arthur J. Gallagher (AJG) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 2, 2025
Arthur J. Gallagher (AJG) reported revenue of $3.7B for the first quarter 2025 (Q1 2025), +14% from a year earlier and +37% from the quarter before. Operating margin was 23.4%, net earnings $704M (18.9% of revenue).
Arthur J. Gallagher, Q1 2025: revenue $3.7B (+14% year over year), operating margin 23.4%, net earnings $704M, operating cash flow $872M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $3.7B | +37% | +14% |
| Operating profit | $873M | +162% | +13% |
| Net earnings | $704M | +172% | +16% |
| Operating cash flow | $872M | +18% | +10% |
| Free cash flow | $844M | +21% | +11% |
What changed
Revenue was $3.7B in Q1 2025, up 14% year over year and up 37% from the previous quarter.
Operating profit was $0.87B, a 23.4% margin (down 0.3 points year over year). Of the extra revenue versus a year earlier, 21% reached operating profit, below the 24% margin then. Total costs grew 15% against revenue growth of 14%. Net earnings were $0.70B, up 16% year over year. The effective tax rate was 18.8%.
Operating cash flow was $0.87B (up 10% year over year), 123% of net earnings. Non-cash charges added back $0.26B of depreciation and amortization and $0.01B of share-based compensation. Working capital and other items used $0.11B. Capital expenditures of $0.03B left free cash flow of $0.84B.
Questions
What was Arthur J. Gallagher's revenue in the first quarter 2025?
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Was Arthur J. Gallagher profitable in the first quarter 2025?
Operating profit was $873M (23.4% of revenue) and net earnings $704M.