Arthur J. Gallagher (AJG) Operating Expenses (2009 - 2026)
Arthur J. Gallagher's (AJG) quarterly Operating Expenses came in at $643.0 million in Q1 2026, up 31.22% YoY from $490.0 million in Q1 2025, and down 93.86% on a QoQ basis from $10.5 billion in Q4 2025.
Arthur J. Gallagher (AJG) Operating Expenses (2009 - 2026) Analysis & Trends
Arthur J. Gallagher (AJG) has 18 years of Operating Expenses data on file, last reported at $643.0 million in Q1 2026.
- Quarterly Operating Expenses rose 31.22% year-over-year to $643.0 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $12.2 billion (up 225.26% YoY) and the FY2025 annual result came in at $12.1 billion, up 588.2% from the prior year.
- Operating Expenses eased to $643.0 million in Q1 2026, from $10.5 billion in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $10.5 billion in Q4 2025 to a low of $323.9 million in Q2 2022.
- A 5-year average of $1.6 billion and a median of $580.8 million in 2025 frame the typical range for Operating Expenses.
- Annual changes were most pronounced in 2024 — Operating Expenses plunged 82.54% — and 2025, when it soared 2287.36%.
- Tracing AJG's Operating Expenses over 5 years: stood at $368.2 million in 2022, then soared by 582.86% to $2.5 billion in 2023, then sank by 82.54% to $439.0 million in 2024, then soared by 2287.36% to $10.5 billion in 2025, then sank by 93.86% to $643.0 million in 2026.
- The last three Operating Expenses figures came in at $643.0 million (Q1 2026), $10.5 billion (Q4 2025), and $580.8 million (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | XChange TEC.INC | 265.99 Bn | 265.99 Bn | - | - |
| 2 | Marsh & Mclennan Companies | 92.14 Bn | 79.94 Bn | 6.04 Bn | 5.51 Bn |
| 3 | Aon | 75.64 Bn | 74.37 Bn | - | 3.33 Bn |
| 4 | Arthur J. Gallagher | 67.55 Bn | 66.16 Bn | - | 3.59 Bn |
| 5 | Willis Towers Watson | 32.13 Bn | 30.47 Bn | 2.09 Bn | 2.10 Bn |
| 6 | Brown & Brown | 23.98 Bn | 23.06 Bn | 1.41 Bn | 1.29 Bn |
| 7 | Erie Indemnity | 12.29 Bn | 11.94 Bn | - | 885.67 Mn |
| 8 | Neptune Insurance Holdings | 4.61 Bn | 4.59 Bn | - | 29.32 Mn |
| 9 | Accelerant Holdings | 4.28 Bn | 2.62 Bn | 285.20 Mn | 269.50 Mn |
| 10 | Corvel | 3.60 Bn | 3.25 Bn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 3.59 Bn |
| Mar 31, 2026 | 643.00 Mn |
| Dec 31, 2025 | 10.48 Bn |
| Sep 30, 2025 | 580.80 Mn |
| Jun 30, 2025 | 519.30 Mn |
| Mar 31, 2025 | 490.00 Mn |
| Dec 31, 2024 | 439.00 Mn |
| Sep 30, 2024 | 2.40 Bn |
| Jun 30, 2024 | 425.60 Mn |
| Mar 31, 2024 | 435.70 Mn |
| Dec 31, 2023 | 2.51 Bn |
| Sep 30, 2023 | 2.13 Bn |
| Jun 30, 2023 | 2.14 Bn |
| Mar 31, 2023 | 382.50 Mn |
| Dec 31, 2022 | 368.20 Mn |
| Sep 30, 2022 | 1.73 Bn |
| Jun 30, 2022 | 323.90 Mn |
| Mar 31, 2022 | 1.90 Bn |
| Dec 31, 2021 | 320.30 Mn |
| Sep 30, 2021 | 265.60 Mn |