Arthur J. Gallagher FY2026 Q2: revenue up 25.9%, adjusted EPS in line
Arthur J. Gallagher reported $4.00 billion of Q2 FY2026 revenue, up 25.9% from a year earlier, while adjusted EPS of $2.84 essentially matched the $2.8404 consensus. GAAP EPS fell to $1.25 from $1.40, mainly due to amortization and integration costs from recent deals. The quarter is best read as strong on revenue and adjusted profit, but messy on GAAP earnings, with no numeric guidance to anchor the next quarter.
1 · Expected vs. Actual
Free preview belowGAAP EPS fell to $1.25 from $1.40, largely because amortization of intangibles added $0.84 per share and acquisition integration added $0.33 per share. Adjusted EPS rose to $2.84 from $2.30, matching the $2.8404 consensus. The wide GAAP-to-adjusted gap is the main story.
Revenue was $4.00 billion, up 25.9% from $3.18 billion a year ago. Management said combined Brokerage and Risk Management revenue growth was 24%, with 6% organic growth. Brokerage contributed $3.50 billion and Risk Management contributed $501 million.
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Figures on this page come from the company's original SEC filings. The analysis is generated automatically and checked against validation rules, but may still contain errors or omissions. Not investment advice. · Generated 2026-09-17
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