Arthur J. Gallagher (AJG) Earnings: Q3 2026 Results and Next Report Date

The quarter ended September 30, 2026 and Arthur J. Gallagher published the results on October 29, 2026. Revenue and diluted EPS are shown against Q3 2025, the same quarter a year earlier, which takes seasonal swings out of the comparison. Arthur J. Gallagher reports EPS two ways: GAAP, under the accounting rules every US filer follows, and adjusted, which leaves out items the company considers outside its operating results. The release reconciles the two, and when they diverge, the reconciliation says why.

• Revenue here is Gallagher's total revenues, which include reimbursements in the Risk Management segment. The headline table in Gallagher's release uses revenues before reimbursements: $3,930 million in Q3 2026 against $3,325 million a year earlier.
• Gallagher closed its roughly $14 billion acquisition of AssuredPartners on August 18, 2025, so the year-ago quarter holds only about six weeks of it. Q3 2025 Brokerage results also included about $76 million of interest income earned on the cash raised to pay for the deal.

Source: Arthur J. Gallagher Q3 2026 results, October 29, 2026. Also in the Form 10-Q for the quarter ended September 30, 2026. Figures as reported; checked against the release on November 10, 2026.

How Arthur J. Gallagher splits revenue in its own release, under its own labels, for Q3 2026 against Q3 2025. Indented lines are parts of the line above them.

• Arthur J. Gallagher's Brokerage revenue was $3.5 billion in Q3 2026, up 19% from $2.9 billion in Q3 2025, 87% of total revenue.
• Arthur J. Gallagher's Risk Management revenue was $503 million in Q3 2026, up 14% from $442 million in Q3 2025, 13% of total revenue.

Segment lines are the figures writers cite most often, because they show where the growth in a quarter came from. Companies redraw their segments from time to time and restate the prior year to match, so a year-ago figure here can differ from the one printed a year ago. When that has happened, the note above says so.

Revenue and diluted EPS for the last 5 quarters. Each date links to that quarter's release.

GAAP total revenues and diluted EPS, each as first reported in that quarter's release. Gallagher's 10-K says its brokerage revenue is seasonal and varies from quarter to quarter with the timing of contract-effective dates, which is why the quarters differ in size.

Arthur J. Gallagher's next report is expected around January 28, 2027, a date estimated from its reporting history that the company has not yet confirmed. This page will show Q3 2026 until those results are out and have been checked against the release.

Each quarter keeps its own page with the figures as reported, so a link to one stays pointed at the same numbers after the next report.

• Q3 2026 (this page), reported Oct 29, 2026

Arthur J. Gallagher earns most of its revenue as an insurance broker. In Q3 2026 the Brokerage segment brought in $3,473 million of Gallagher's $3,976 million in total revenues, made up of $2,371 million of commissions, $776 million of fees, $148 million of supplemental revenues, $74 million of contingent revenues and $104 million of interest income, premium finance revenues and other income. The Risk Management segment, which runs third-party claims administration, added $503 million. (Arthur J. Gallagher Q3 2026 earnings release (Form 8-K, Exhibit 99.1), Oct 29, 2026)

Most of the growth came from acquisitions. Gallagher's combined Brokerage and Risk Management revenue grew 18%, but organic growth was 5%: organic base commissions and fees rose 4%, organic supplemental revenues 14%, and organic contingent revenues were flat. Risk Management organic fees grew 10%. Gallagher excludes all AssuredPartners revenue from organic growth because that deal closed in the middle of Q3 2025. (Arthur J. Gallagher Q3 2026 earnings release (Form 8-K, Exhibit 99.1), Oct 29, 2026)

Interest income fell. Brokerage interest income, premium finance revenues and other income dropped to $104 million from $157 million a year earlier, because Q3 2025 included about $76 million of interest earned on the cash Gallagher had raised to fund AssuredPartners. (Arthur J. Gallagher Q3 2026 earnings release (Form 8-K, Exhibit 99.1), Oct 29, 2026)

Gallagher is mostly a U.S. business. Of Q3 2026 total revenues, $2,812 million came from the United States, $560 million from the United Kingdom, $177 million from Australia, $106 million from Canada, $55 million from New Zealand and $266 million from other countries. Over the first nine months of 2026, about 69% of combined Brokerage and Risk Management revenue was domestic. (Arthur J. Gallagher Form 10-Q, Q3 2026, Nov 5, 2026)

Insurance pricing turned softer this year. Gallagher's 10-Q cites the Council of Insurance Agents and Brokers survey, which found U.S. commercial property/casualty rates decreased 1.2% and 2.0% in the first and second quarters of 2026, after increases of 4.2%, 3.7%, 1.6% and 0.2% across the four quarters of 2025. Gallagher reports significant carrier competition across property-related coverages. (Arthur J. Gallagher Form 10-Q, Q3 2026, Nov 5, 2026)

Arthur J. Gallagher's adjusted EPS of $3.00 was almost double its GAAP diluted EPS of $1.55 in Q3 2026. The largest single exclusion is amortization of acquired intangible assets, worth $0.82 a share in Brokerage and $0.02 in Risk Management. Adjusted EPS also leaves out acquisition integration costs ($0.30 in Brokerage), acquisition-related adjustments ($0.19), workforce and lease termination charges ($0.10) and Corporate transaction-related costs ($0.05), and takes out $0.04 of net gains on divestitures. (Arthur J. Gallagher Q3 2026 earnings release (Form 8-K, Exhibit 99.1), Oct 29, 2026)

The Corporate segment holds Gallagher's debt costs. It lost $0.66 a share on a reported basis, including $169 million of pretax interest and banking costs. At September 30, 2026 Gallagher had $9,550 million of public debt, $2,683 million of private placement borrowings and $630 million drawn on its line of credit. (Arthur J. Gallagher Q3 2026 earnings release (Form 8-K, Exhibit 99.1), Oct 29, 2026)

Gallagher's diluted weighted average shares were 259,369 thousand, against 260,408 thousand a year earlier. It repurchased about 0.4 million shares for about $100 million in the quarter, and about 2.7 million shares for about $580 million over nine months. The consolidated effective tax rate was 21.2%, against 21.1% a year earlier. (Arthur J. Gallagher Q3 2026 earnings release (Form 8-K, Exhibit 99.1), Oct 29, 2026)

Diluted EPS divides net income by the weighted average number of shares outstanding in the quarter, plus the shares that options and other equity awards could add. Buybacks shrink that count and lift EPS for the same profit; share issuance and stock awards enlarge it.

Arthur J. Gallagher's earnings release does not contain a numeric outlook for revenue or EPS. The release points readers to a separate CFO Commentary and Supplemental Quarterly Data document posted at ajg.com/IR, which is not part of the SEC filing. (Arthur J. Gallagher Q3 2026 earnings release (Form 8-K, Exhibit 99.1), Oct 29, 2026)

Gallagher's acquisition pace slowed after AssuredPartners. It closed 5 brokerage acquisitions in Q3 2026 with about $102 million of estimated annualized revenue, against 6 deals worth $3,036 million a year earlier, and 19 deals with $209 million of annualized revenue over the first nine months of 2026. (Arthur J. Gallagher Q3 2026 earnings release (Form 8-K, Exhibit 99.1), Oct 29, 2026)

A consensus figure is the average of the models published by the analysts who cover Arthur J. Gallagher, collected by a data provider and revised up to the day of the report. A quarter that lands above it says how expectations were set as much as how the business did, and the share price on the day also reflects the guidance and the lines no consensus covers.

The consensus figures on this page are Yahoo Finance's, as pulled on the date shown. Each comes with the number of analysts behind it; the smaller that number, the more one revised estimate can move the average.

The figures below are the ones Arthur J. Gallagher's own release and filings put weight on for Q3 2026, with the latest reported value for each.

What the quarter means for a holding is a separate question from what it reported. The case for and against owning AJG is on is AJG a buy or a sell?, what analysts expect next is on the AJG forecast, and what the company does is on the Arthur J. Gallagher (AJG) stock page.

Every number on this page can be traced to a document Arthur J. Gallagher published. Checking one takes a couple of minutes, and it is worth doing before you quote a figure anywhere.

• The results release is the document linked in the source line above. Companies publish it on their investor relations site at the moment results go out, and it carries the headline tables: revenue, operating income, net income and EPS for the quarter and the year-ago quarter.
• The same release is filed with the SEC as Exhibit 99.1 to a Form 8-K under Item 2.02, usually on the day of the report. The SEC copy does not change after the fact, which makes it the safer thing to link when you cite a number.
• The quarterly report (Form 10-Q) follows within a few weeks and carries the full financial statements, the segment note and management's discussion of what changed. The fourth quarter is covered by the annual report (Form 10-K) instead.
• Restated comparisons are flagged in the notes on this page. When a company redraws its segments or changes how it adjusts EPS, it restates the year-ago column, so the year-ago figure in a new release can differ from the one printed a year ago. This page always uses the comparison in the newer release, because that is the like-for-like one.

A walk-through of every line in a release, with what each one tells you, is in how to read an earnings report.