Arthur J. Gallagher & Co. earnings overview

AJG FY2026 Q1 · Calendar Q2 2026

Arthur J. Gallagher & Co.

Arthur J. Gallagher delivered a solid Q1 2026, with revenue growth of 28% (5% organic, 23% M&A) and an 18% increase in adjusted EBITDAC -- the 24th consecutive quarter of double-digit EBITDAC growth. EPS of $4.47 edged the $4.43 consensus, while revenue of $4.72B came in slightly below the $4.73B estimate. The AssuredPartners integration is eight months post-close and contributed $60M of annualized revenue. Management maintained its full-year organic growth outlook of approximately 6% and its 40-60 bps margin expansion target. The M&A pipeline deepened to ~40 term sheets (~$400M annualized revenue), up from ~$350M last quarter. AI deployment across core platforms (Gallagher Drive, Blueprint) and growing specialty E&S exposure to data-center and AI infrastructure are emerging as incremental growth drivers. The stock's abnormal move of +0.55% on the report was modest, consistent with an…