Filing Flows › Arthur J. Gallagher (AJG) › Q2 2026
Arthur J. Gallagher (AJG) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 5, 2026
Arthur J. Gallagher (AJG) reported revenue of $4.0B for the second quarter 2026 (Q2 2026), +24% from a year earlier and -16% from the quarter before. Operating margin was 10.3%, net earnings $324M (8.1% of revenue).
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 follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $4.0B | -16% | +24% |
| Operating profit | $414M | -60% | -12% |
| Net earnings | $324M | -61% | -12% |
| Operating cash flow | $10.0M | -99% | — |
What changed
Revenue was $4.0B in Q2 2026, up 24% year over year and down 16% from the previous quarter.
Operating profit was $0.41B, a 10.3% margin (down 4.3 points year over year). Operating profit fell $0.06B even though revenue rose $0.78B versus Q2 2025, so costs grew faster than sales. Total costs grew 31% against revenue growth of 24%. Net earnings were $0.32B, down 12% year over year. The effective tax rate was 21.7%.
Operating cash flow was $0.01B, 3% of net earnings. Non-cash charges added back $0.36B of depreciation and amortization and $0.02B of share-based compensation. Working capital and other items used $0.70B. Capital expenditures of $0.05B exceeded it, leaving free cash flow of −$0.04B.
Questions
What was Arthur J. Gallagher's revenue in the second quarter 2026?
Arthur J.
Was Arthur J. Gallagher profitable in the second quarter 2026?
Operating profit was $414M (10.3% of revenue) and net earnings $324M.