Filing Flows › Arthur J. Gallagher (AJG) › Q2 2026 › vs Q2 2025
Arthur J. Gallagher (AJG) Q2 2026 vs Q2 2025 (year over year)
Arthur J. Gallagher's revenue rose $781M (+24%) from $3.2B in Q2 2025 to $4.0B in Q2 2026. Operating margin 10.3% against 14.7% (-4.3 pts).
Arthur J. Gallagher, Q2 2026: revenue $4.0B (+24% year over year), operating margin 10.3%, net earnings $324M, operating cash flow $10.0M. The chart draws each line against Q2 2025, the increases inside each band.
Margins
| Q2 2026 | Q2 2025 | Change | |
|---|---|---|---|
| Operating margin | 10.3% | 14.7% | -4.3 pts |
| Net margin | 8.1% | 11.4% | -3.3 pts |
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| Revenue | $4.0B | $3.2B | $781M | +24% |
| Operating profit | $414M | $473M | −$59.0M | -12% |
| Costs & expenses | $3.6B | $2.7B | $840M | +31% |
| Pre-tax earnings | $414M | $473M | −$59.0M | -12% |
| Net earnings | $324M | $368M | −$44.0M | -12% |
| Income tax | $90.0M | $105M | −$15.0M | -14% |
| Operating cash sources | $706M | $609M | $97.0M | +16% |
| Depreciation & amortization | $358M | $230M | $128M | +56% |
| Share-based compensation | $24.0M | $11.0M | $13.0M | +118% |
| Working capital & other | $696M | $1.0B | −$337M | -33% |
| Operating cash flow | $10.0M | −$424M | $434M | — |
| Capital expenditures | $51.0M | $40.0M | $11.0M | +27% |
| Negative free cash flow (OCF − capex) | $41.0M | $464M | −$423M | -91% |
Questions
How much did Arthur J. Gallagher's revenue grow year over year in Q2 2026?
Arthur J. Gallagher's revenue rose $781M (+24%) from $3.2B in Q2 2025 to $4.0B in Q2 2026. Operating margin 10.3% against 14.7% (-4.3 pts).