Filing Flows › Arthur J. Gallagher (AJG) › Q2 2025
Arthur J. Gallagher (AJG) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 1, 2025
Arthur J. Gallagher (AJG) reported revenue of $3.2B for the second quarter 2025 (Q2 2025), +16% from a year earlier and -14% from the quarter before. Operating margin was 14.7%, net earnings $368M (11.4% of revenue).
Arthur J. Gallagher, Q2 2025: revenue $3.2B (+16% year over year), operating margin 14.7%, net earnings $368M, operating cash flow −$424M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $3.2B | -14% | +16% |
| Operating profit | $473M | -46% | +29% |
| Net earnings | $368M | -48% | +29% |
| Operating cash flow | −$424M | -149% | — |
What changed
Revenue was $3.2B in Q2 2025, up 16% year over year and down 14% from the previous quarter.
Operating profit was $0.47B, a 14.7% margin (up 1.5 points year over year). Of the extra revenue versus a year earlier, 24% reached operating profit, above the 13% margin then. Total costs grew 14% against revenue growth of 16%. Net earnings were $0.37B, up 30% year over year. The effective tax rate was 22.2%.
Operating cash flow was −$0.42B. Non-cash charges added back $0.23B of depreciation and amortization and $0.01B of share-based compensation. Working capital and other items used $1.0B. Capital expenditures of $0.04B exceeded it, leaving free cash flow of −$0.46B.
Questions
What was Arthur J. Gallagher's revenue in the second quarter 2025?
Arthur J.
Was Arthur J. Gallagher profitable in the second quarter 2025?
Operating profit was $473M (14.7% of revenue) and net earnings $368M.