Arthur J. Gallagher & annual debt-to-equity ratio
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Arthur J. Gallagher & Debt-to-Equity Ratio Growth & History (AJG)
Arthur J. Gallagher &'s debt-to-equity ratio was 0.58 for fiscal 2025.
View full Arthur J. Gallagher & company overviewArthur J. Gallagher & annual debt-to-equity ratio history
| Fiscal year | Period ended | Debt-to-equity ratio | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | 0.58 | −0.09 | −13.33% |
| 2024 | 2024-12-31 | 0.67 | −0.11 | −13.60% |
| 2023 | 2023-12-31 | 0.78 | 0.03 | +4.11% |
| 2022 | 2022-12-31 | 0.75 | −0.04 | −4.55% |
| 2021 | 2021-12-31 | 0.78 | −0.02 | −2.03% |
| 2020 | 2020-12-31 | 0.80 | −0.18 | −17.98% |
| 2019 | 2019-12-31 | 0.98 | 0.21 | +27.09% |
| 2018 | 2018-12-31 | 0.77 | 0.06 | +9.13% |
| 2017 | 2017-12-31 | 0.70 | −0.05 | −7.00% |
| 2016 | 2016-12-31 | 0.76 | 0.12 | +18.88% |
| 2015 | 2015-12-31 | 0.64 | −0.06 | −9.21% |
| 2014 | 2014-12-31 | 0.70 | 0.00 | +0.49% |
| 2013 | 2013-12-31 | 0.70 | 0.18 | +35.55% |
| 2012 | 2012-12-31 | 0.51 | −0.04 | −6.52% |
| 2011 | 2011-12-31 | 0.55 | 0.05 | +10.84% |
| 2010 | 2010-12-31 | 0.50 | −0.12 | −19.32% |
| 2009 | 2009-12-31 | 0.62 | — | — |
Arthur J. Gallagher & quarterly debt-to-equity ratio
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| Fiscal quarter | Period ended | Debt-to-equity ratio | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | 0.59 | 0.02 | +2.98% |
| Q1 2026 | 2026-03-31 | 0.56 | −0.04 | −6.41% |
| Q4 2025 | 2025-12-31 | 0.58 | −0.09 | −13.33% |
| Q3 2025 | 2025-09-30 | 0.59 | −0.11 | −16.24% |
| Q2 2025 | 2025-06-30 | 0.58 | −0.17 | −22.41% |
| Q1 2025 | 2025-03-31 | 0.60 | −0.16 | −21.21% |
| Q4 2024 | 2024-12-31 | 0.67 | −0.11 | −13.60% |
| Q3 2024 | 2024-09-30 | 0.70 | 0.03 | +4.50% |
| Q2 2024 | 2024-06-30 | 0.74 | 0.03 | +3.64% |
| Q1 2024 | 2024-03-31 | 0.76 | 0.03 | +4.47% |
| Q4 2023 | 2023-12-31 | 0.78 | 0.03 | +4.11% |
| Q3 2023 | 2023-09-30 | 0.67 | −0.09 | −11.81% |
| Q2 2023 | 2023-06-30 | 0.72 | −0.05 | −6.44% |
| Q1 2023 | 2023-03-31 | 0.73 | 0.01 | +0.70% |
| Q4 2022 | 2022-12-31 | 0.75 | −0.04 | −4.55% |
| Q3 2022 | 2022-09-30 | 0.76 | 0.08 | +11.13% |
| Q2 2022 | 2022-06-30 | 0.77 | 0.00 | +0.01% |
| Q1 2022 | 2022-03-31 | 0.73 | 0.01 | +0.99% |
| Q4 2021 | 2021-12-31 | 0.78 | −0.02 | −2.03% |
| Q3 2021 | 2021-09-30 | 0.69 | −0.12 | −15.29% |
| Q2 2021 | 2021-06-30 | 0.77 | −0.12 | −13.10% |
| Q1 2021 | 2021-03-31 | 0.72 | −0.29 | −29.05% |
| Q4 2020 | 2020-12-31 | 0.80 | −0.18 | −17.98% |
| Q3 2020 | 2020-09-30 | 0.81 | −0.16 | −16.80% |
| Q2 2020 | 2020-06-30 | 0.88 | −0.07 | −7.18% |
| Q1 2020 | 2020-03-31 | 1.01 | 0.10 | +10.70% |
| Q4 2019 | 2019-12-31 | 0.98 | 0.21 | +27.09% |
| Q3 2019 | 2019-09-30 | 0.98 | 0.23 | +31.47% |
| Q2 2019 | 2019-06-30 | 0.95 | 0.19 | +25.26% |
| Q1 2019 | 2019-03-31 | 0.91 | 0.22 | +30.92% |
| Q4 2018 | 2018-12-31 | 0.77 | 0.06 | +9.13% |
| Q3 2018 | 2018-09-30 | 0.74 | 0.04 | +6.36% |
| Q2 2018 | 2018-06-30 | 0.76 | −0.02 | −3.05% |
| Q1 2018 | 2018-03-31 | 0.70 | −0.08 | −9.95% |
| Q4 2017 | 2017-12-31 | 0.70 | −0.05 | −7.00% |
| Q3 2017 | 2017-09-30 | 0.70 | −0.02 | −3.06% |
| Q2 2017 | 2017-06-30 | 0.78 | 0.05 | +7.29% |
| Q1 2017 | 2017-03-31 | 0.78 | 0.10 | +14.92% |
| Q4 2016 | 2016-12-31 | 0.76 | 0.12 | +18.88% |
| Q3 2016 | 2016-09-30 | 0.72 | 0.10 | +15.37% |
| Q2 2016 | 2016-06-30 | 0.73 | 0.10 | +16.56% |
| Q1 2016 | 2016-03-31 | 0.67 | −0.04 | −5.27% |
| Q4 2015 | 2015-12-31 | 0.64 | −0.06 | −9.21% |
| Q3 2015 | 2015-09-30 | 0.62 | −0.07 | −10.62% |
| Q2 2015 | 2015-06-30 | 0.63 | −0.11 | −14.37% |
| Q1 2015 | 2015-03-31 | 0.71 | −0.17 | −19.30% |
| Q4 2014 | 2014-12-31 | 0.70 | 0.00 | +0.49% |
| Q3 2014 | 2014-09-30 | 0.70 | 0.15 | +27.14% |
| Q2 2014 | 2014-06-30 | 0.73 | 0.19 | +34.65% |
| Q1 2014 | 2014-03-31 | 0.88 | 0.42 | +89.58% |
| Q4 2013 | 2013-12-31 | 0.70 | 0.18 | +35.55% |
| Q3 2013 | 2013-09-30 | 0.55 | 0.11 | +23.87% |
| Q2 2013 | 2013-06-30 | 0.54 | 0.05 | +10.72% |
| Q1 2013 | 2013-03-31 | 0.47 | −0.10 | −17.66% |
| Q4 2012 | 2012-12-31 | 0.51 | −0.04 | −6.52% |
| Q3 2012 | 2012-09-30 | 0.44 | −0.11 | −19.96% |
| Q2 2012 | 2012-06-30 | 0.49 | −0.10 | −16.84% |
| Q1 2012 | 2012-03-31 | 0.57 | −0.02 | −3.92% |
| Q4 2011 | 2011-12-31 | 0.55 | 0.05 | +10.84% |
| Q3 2011 | 2011-09-30 | 0.55 | 0.01 | +1.80% |
| Q2 2011 | 2011-06-30 | 0.59 | 0.02 | +3.61% |
| Q1 2011 | 2011-03-31 | 0.59 | — | — |
| Q4 2010 | 2010-12-31 | 0.50 | −0.12 | −19.32% |
| Q3 2010 | 2010-09-30 | 0.54 | — | — |
| Q2 2010 | 2010-06-30 | 0.57 | — | — |
| Q4 2009 | 2009-12-31 | 0.62 | — | — |
Arthur J. Gallagher & debt-to-equity ratio trends
Over the last five fiscal years, Arthur J. Gallagher &'s debt-to-equity ratio decreased from 0.80 to 0.58, a change of −0.22. The latest reported quarter, Q2 2026, shows 0.59.
About the metric
What the debt-to-equity ratio means
The debt-to-equity ratio compares interest-bearing debt with shareholders’ equity. It helps show how much debt financing a company uses relative to its accounting equity, but useful comparison levels vary by industry.
Calculation and source
How debt-to-equity is calculated
TickerStat calculates debt-to-equity as total interest-bearing debt divided by SEC-reported shareholders’ equity for the same balance-sheet date. Total liabilities are not treated as debt, and periods with non-positive equity are omitted. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review Arthur J. Gallagher & source filings ↗