Short answer
Arthur J. Gallagher & Co. (AJG) filed its Q3 2025 10-Q quarterly report on Nov 10, 2025 for the quarter ended Sep 30, 2025. Quarterly revenue was $3.4B (up 19.9% year over year) with net income of $273M.
Q3 2025 key financials · XBRL
- Revenue
- $3.4B
- +19.9% YoY · +4.5% QoQ
- Net income
- $273M
- −12.8% YoY · −25.5% QoQ
- EPS (diluted)
- $1.04
- −25.2% YoY · −25.7% QoQ
Source: XBRL data from the Arthur J. Gallagher & Co. (AJG) Q3 2025 10-Q on SEC EDGAR. USD.
Arthur J. Gallagher & Co. Q3 2025 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Revenue $2.92B Q3 2025 vs $2.40B Q3 2024 brokerage segment, +$0.53B (22%); $9.02B YTD 2025 vs $7.64B YTD 2024, +$1.39B (18%)
- Operating margin brokerage YTD 38.0% vs 35.7% YoY, net earnings margin brokerage Q3 14.0% vs 16.0% YoY; risk management EBITDAC margin Q3 21.8% vs 20.8% YoY
- Best segment brokerage: Q3 net earnings $410.4M (+7%), YTD $1.73B (+27%); Worst segment corporate: Q3 net loss $186.3M (-64%), YTD net loss $519.4M (-81%)
- Cash provided by operations $1.18B YTD 2025 vs $1.84B YTD 2024; $15.3B acquisitions cash paid YTD 2025 vs $669M YTD 2024, including $13.8B AssuredPartners acquisition
- Management expects continued price firming in commercial property/casualty; guidance includes $575M and $150M total integration costs over three years for AssuredPartners and Woodruff Sawyer acquisitions, respectively
Risk Factors
- No material changes to risk factors from 10-K for year ended December 31, 2024
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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