Arthur J. Gallagher & Co. · AJG · Next earnings

Arthur J. Gallagher & Co. reports Thursday, Oct 29, 2026

AJG reports after market close with consensus EPS at $3.04 and revenue at $4.05B. Last quarter: AJG Q1 2026: Revenue Up 28%, Margin Expansion Continues as AssuredPartners Integration Progresses

Reports After market close39 days awayDate estimated Financial Services

What the street expects

Consensus for the coming report
Consensus EPS $3.04 Calendar consensus
Consensus revenue $4.05B Calendar consensus
Report date Oct 29, 2026 Thursday, date estimated
Session After market close 39 days away

Where AJG left off: FY2026 Q1

Full report

AJG Q1 2026: Revenue Up 28%, Margin Expansion Continues as AssuredPartners Integration Progresses

EPS surprise +0.9% Reported $4.47 vs $4.43
Revenue surprise -0.3% Reported $4.72B vs $4.73B
Stock move +0.8% Event window
Subsequent drift -1.0% Up to 20 sessions

Guidance was maintained. Management reaffirmed its full-year organic broker-segment growth outlook of approximately 6% and its underlying margin expansion target of 40-60 basis points. AssuredPartners synergy targets of $160M-$280M by 2028 were unchanged. The M&A pipeline continues to build with ~40 term sheets representing ~$400M in annualized revenue, up from ~$350M in the prior quarter.

What to watch on the call

Carried forward from the last transcript

Risks management flagged

  • Further decline in property pricing could pressure organic growth.
  • Geopolitical tensions affecting marine war, political violence, and terror coverage lines.
  • Lower valuation multiples could pressure acquisition economics.
  • Exposure to emerging specialty E&S risks requiring additional capacity.
  • Execution risk around AssuredPartners integration and synergy realization.

Questions analysts left open

  • Q2 organic growth expectations for Americas Retail brokerage.
  • M&A market conditions and their influence on share-buyback decisions.
  • Floor for core commission and fee organic growth.
  • Impact of property rate declines on full-year organic growth guidance.
  • Multiples trends for tuck-in acquisitions.

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Recent AJG quarters

All AJG earnings
+0.8%FY2026 Q1

Sources

  1. FN2 corporate events calendar, resolved from the earnings calendar feed
  2. FN2 earnings calendar analyst consensus
  3. Earnings call transcript analysis, FY2026 Q1

Methodology

The report date comes from FN2's resolved corporate-events calendar and is marked estimated until the company confirms it. Consensus figures are the calendar's latest analyst estimates for the fiscal period and are not an FN2 forecast.

Risks and open questions are carried forward verbatim from FN2's structured analysis of the previous earnings call. Missing values stay missing and are never estimated.

By FN2 Research · Updated . For educational purposes only; not investment advice.