Filing Flows › Arthur J. Gallagher (AJG) › Q3 2026
Arthur J. Gallagher (AJG) Q3 2026 earnings results (third quarter 2026)
10-Q filed Nov 5, 2026
Arthur J. Gallagher (AJG) reported revenue of $4.0B for the third quarter 2026 (Q3 2026), +18% from a year earlier and -0.7% from the quarter before. Operating margin was 13.0%, net earnings $406M (10.2% of revenue).
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 follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $4.0B | -0.7% | +18% |
| Operating profit | $515M | +24% | +49% |
| Net earnings | $406M | +25% | +49% |
| Operating cash flow | $1.3B | 134× | +84% |
| Free cash flow | $1.3B | — | +87% |
What changed
Revenue was $4.0B in Q3 2026, up 18% year over year and down 1% from the previous quarter.
Operating profit was $0.52B, a 13.0% margin (up 2.7 points year over year). Of the extra revenue versus Q3 2025, 28% reached operating profit, above the 10% margin then. Total costs grew 15% against revenue growth of 18%. Net earnings were $0.40B, up 48% year over year. The effective tax rate was 21.2%.
Operating cash flow was $1.3B (up 84% year over year), 331% of net earnings. Non-cash charges added back $0.35B of depreciation and amortization and $0.01B of share-based compensation. Working capital and other items added $0.57B. Capital expenditures of $0.05B left free cash flow of $1.3B.
Questions
What was Arthur J. Gallagher's revenue in the third quarter 2026?
Arthur J.
Was Arthur J. Gallagher profitable in the third quarter 2026?
Operating profit was $515M (13.0% of revenue) and net earnings $406M.