Filing Flows › Arthur J. Gallagher (AJG) › Q3 2026 › vs Q3 2025
Arthur J. Gallagher (AJG) Q3 2026 vs Q3 2025 (year over year)
Arthur J. Gallagher's revenue rose $611M (+18%) from $3.4B in Q3 2025 to $4.0B in Q3 2026. Operating margin 13.0% against 10.3% (+2.7 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 Q3 2025, the increases inside each band.
Margins
| Q3 2026 | Q3 2025 | Change | |
|---|---|---|---|
| Operating margin | 13.0% | 10.3% | +2.7 pts |
| Net margin | 10.2% | 8.1% | +2.1 pts |
| Free cash flow margin | 32.6% | 20.6% | +12.0 pts |
Every line
| Line | Q3 2026 | Q3 2025 | Change | % |
|---|---|---|---|---|
| Revenue | $4.0B | $3.4B | $611M | +18% |
| Operating profit | $515M | $346M | $169M | +49% |
| Costs & expenses | $3.5B | $3.0B | $442M | +15% |
| Pre-tax earnings | $515M | $346M | $169M | +49% |
| Net earnings | $406M | $273M | $133M | +49% |
| Income tax | $109M | $73.0M | $36.0M | +49% |
| Depreciation & amortization | $349M | $276M | $73.0M | +26% |
| Share-based compensation | $14.0M | $12.0M | $2.0M | +17% |
| Working capital & other | $574M | $168M | $406M | +242% |
| Operating cash flow | $1.3B | $729M | $614M | +84% |
| Free cash flow (OCF − capex) | $1.3B | $692M | $603M | +87% |
| Capital expenditures | $48.0M | $37.0M | $11.0M | +30% |
Questions
How much did Arthur J. Gallagher's revenue grow year over year in Q3 2026?
Arthur J. Gallagher's revenue rose $611M (+18%) from $3.4B in Q3 2025 to $4.0B in Q3 2026. Operating margin 13.0% against 10.3% (+2.7 pts).