Filing Flows › Arthur J. Gallagher (AJG) › Q3 2026 › vs Q2 2026
Arthur J. Gallagher (AJG) Q3 2026 vs Q2 2026 (quarter over quarter)
Arthur J. Gallagher's revenue fell $27.0M (-0.7%) from $4.0B in Q2 2026 to $4.0B in Q3 2026. Operating margin 13.0% against 10.3% (+2.6 pts).
Arthur J. Gallagher, Q3 2026: revenue $4.0B (+18% year over year), operating margin 13.0%, net earnings $406M, operating cash flow $1.3B. The chart draws each line against Q2 2026, the increases inside each band.
Margins
| Q3 2026 | Q2 2026 | Change | |
|---|---|---|---|
| Operating margin | 13.0% | 10.3% | +2.6 pts |
| Net margin | 10.2% | 8.1% | +2.1 pts |
| Free cash flow margin | 32.6% | -1.0% | +33.6 pts |
Every line
| Line | Q3 2026 | Q2 2026 | Change | % |
|---|---|---|---|---|
| Revenue | $4.0B | $4.0B | −$27.0M | -0.7% |
| Operating profit | $515M | $414M | $101M | +24% |
| Costs & expenses | $3.5B | $3.6B | −$128M | -4% |
| Pre-tax earnings | $515M | $414M | $101M | +24% |
| Net earnings | $406M | $324M | $82.0M | +25% |
| Income tax | $109M | $90.0M | $19.0M | +21% |
| Depreciation & amortization | $349M | $358M | −$9.0M | -3% |
| Share-based compensation | $14.0M | $24.0M | −$10.0M | -42% |
| Working capital & other | $574M | −$696M | $1.3B | — |
| Operating cash flow | $1.3B | $10.0M | $1.3B | 134× |
| Free cash flow (OCF − capex) | $1.3B | −$41.0M | $1.3B | — |
| Capital expenditures | $48.0M | $51.0M | −$3.0M | -6% |
Questions
How much did Arthur J. Gallagher's revenue grow quarter over quarter in Q3 2026?
Arthur J. Gallagher's revenue fell $27.0M (-0.7%) from $4.0B in Q2 2026 to $4.0B in Q3 2026. Operating margin 13.0% against 10.3% (+2.6 pts).