Arthur J. Gallagher & annual operating expenses
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Arthur J. Gallagher & Operating Expenses Growth & History (AJG)
Arthur J. Gallagher &'s operating expenses was $12.07B for fiscal 2025.
View full Arthur J. Gallagher & company overviewArthur J. Gallagher & annual operating expenses history
| Fiscal year | Period ended | Operating expenses | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | $12.07B | $2.39B | +24.70% |
| 2024 | 2024-12-31 | $9.68B | $793.0M | +8.92% |
| 2023 | 2023-12-31 | $8.89B | $1.69B | +23.42% |
| 2022 | 2022-12-31 | $7.20B | $1.14B | +18.80% |
| 2021 | 2021-12-31 | $6.06B | $810.5M | +15.44% |
| 2020 | 2020-12-31 | $5.25B | $34.5M | +0.66% |
| 2019 | 2019-12-31 | $5.22B | $577.5M | +12.45% |
| 2018 | 2018-12-31 | $4.64B | $385.3M | +9.06% |
| 2017 | 2017-12-31 | $4.25B | $315.0M | +8.00% |
| 2016 | 2016-12-31 | $3.94B | −$1.16B | −22.76% |
| 2015 | 2015-12-31 | $5.10B | $1.82B | +55.64% |
| 2014 | 2014-12-31 | $3.28B | $824.8M | +33.65% |
| 2013 | 2013-12-31 | $2.45B | $1.97B | +407.31% |
| 2012 | 2012-12-31 | $483.2M | $64.2M | +15.32% |
| 2011 | 2011-12-31 | $419.0M | $64.4M | +18.16% |
| 2010 | 2010-12-31 | $354.6M | $23.3M | +7.03% |
| 2009 | 2009-12-31 | $331.3M | −$51.1M | −13.36% |
| 2008 | 2008-12-31 | $382.4M | — | — |
Arthur J. Gallagher & quarterly operating expenses
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| Fiscal quarter | Period ended | Operating expenses | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $3.59B | $840.0M | +30.56% |
| Q1 2026 | 2026-03-31 | $3.71B | $861.0M | +30.17% |
| Q4 2025 | 2025-12-31 | $3.45B | $1.07B | +44.76% |
| Q3 2025 | 2025-09-30 | $3.02B | $615.2M | +25.60% |
| Q2 2025 | 2025-06-30 | $2.75B | $339.2M | +14.08% |
| Q1 2025 | 2025-03-31 | $2.85B | $370.0M | +14.90% |
| Q4 2024 | 2024-12-31 | $2.38B | −$131.6M | −5.23% |
| Q3 2024 | 2024-09-30 | $2.40B | $275.6M | +12.95% |
| Q2 2024 | 2024-06-30 | $2.41B | $265.3M | +12.37% |
| Q1 2024 | 2024-03-31 | $2.48B | $383.7M | +18.27% |
| Q4 2023 | 2023-12-31 | $2.51B | $608.0M | +31.89% |
| Q3 2023 | 2023-09-30 | $2.13B | $398.9M | +23.07% |
| Q2 2023 | 2023-06-30 | $2.14B | $453.8M | +26.84% |
| Q1 2023 | 2023-03-31 | $2.10B | $225.6M | +12.03% |
| Q4 2022 | 2022-12-31 | $1.91B | $275.8M | +16.92% |
| Q3 2022 | 2022-09-30 | $1.73B | $188.3M | +12.22% |
| Q2 2022 | 2022-06-30 | $1.69B | $248.3M | +17.21% |
| Q1 2022 | 2022-03-31 | $1.87B | $427.2M | +29.51% |
| Q4 2021 | 2021-12-31 | $1.63B | $60.6M | +3.86% |
| Q3 2021 | 2021-09-30 | $1.54B | $220.3M | +16.68% |
| Q2 2021 | 2021-06-30 | $1.44B | $191.3M | +15.29% |
| Q1 2021 | 2021-03-31 | $1.45B | $122.0M | +9.20% |
| Q4 2020 | 2020-12-31 | $1.57B | −$67.5M | −4.12% |
| Q3 2020 | 2020-09-30 | $1.32B | $7.4M | +0.56% |
| Q2 2020 | 2020-06-30 | $1.25B | −$9.2M | −0.73% |
| Q1 2020 | 2020-03-31 | $1.33B | $39.2M | +3.05% |
| Q4 2019 | 2019-12-31 | $1.64B | $457.4M | +38.76% |
| Q3 2019 | 2019-09-30 | $1.31B | $133.6M | +11.33% |
| Q2 2019 | 2019-06-30 | $1.26B | $145.3M | +13.03% |
| Q1 2019 | 2019-03-31 | $1.29B | $122.1M | +10.49% |
| Q4 2018 | 2018-12-31 | $1.18B | — | — |
| Q3 2018 | 2018-09-30 | $1.18B | −$337.4M | −22.24% |
| Q2 2018 | 2018-06-30 | $1.11B | −$320.4M | −22.32% |
| Q1 2018 | 2018-03-31 | $1.16B | −$282.6M | −19.53% |
| Q3 2017 | 2017-09-30 | $1.52B | $129.4M | +9.33% |
| Q2 2017 | 2017-06-30 | $1.44B | $145.8M | +11.31% |
| Q1 2017 | 2017-03-31 | $1.45B | $202.1M | +16.24% |
| Q3 2016 | 2016-09-30 | $1.39B | $38.3M | +2.84% |
| Q2 2016 | 2016-06-30 | $1.29B | $46.7M | +3.76% |
| Q1 2016 | 2016-03-31 | $1.24B | $353.6M | +39.68% |
| Q4 2015 | 2015-12-31 | $1.62B | $150.6M | +10.28% |
| Q3 2015 | 2015-09-30 | $1.35B | $483.9M | +55.93% |
| Q2 2015 | 2015-06-30 | $1.24B | $446.0M | +55.97% |
| Q1 2015 | 2015-03-31 | $891.1M | $742.3M | +498.86% |
| Q4 2014 | 2014-12-31 | $1.47B | −$581.4M | −28.41% |
| Q3 2014 | 2014-09-30 | $865.2M | $732.1M | +550.04% |
| Q2 2014 | 2014-06-30 | $796.9M | $659.1M | +478.30% |
| Q1 2014 | 2014-03-31 | $148.8M | $15.0M | +11.21% |
| Q4 2013 | 2013-12-31 | $2.05B | $1.92B | +1479.17% |
| Q3 2013 | 2013-09-30 | $133.1M | $11.5M | +9.46% |
| Q2 2013 | 2013-06-30 | $137.8M | $14.1M | +11.40% |
| Q1 2013 | 2013-03-31 | $133.8M | $25.5M | +23.55% |
| Q4 2012 | 2012-12-31 | $129.6M | $23.3M | +21.92% |
| Q3 2012 | 2012-09-30 | $121.6M | $11.1M | +10.05% |
| Q2 2012 | 2012-06-30 | $123.7M | $15.5M | +14.33% |
| Q1 2012 | 2012-03-31 | $108.3M | $14.3M | +15.21% |
| Q4 2011 | 2011-12-31 | $106.3M | $5.1M | +5.04% |
| Q3 2011 | 2011-09-30 | $110.5M | $25.7M | +30.31% |
| Q2 2011 | 2011-06-30 | $108.2M | $20.8M | +23.80% |
| Q1 2011 | 2011-03-31 | $94.0M | $12.8M | +15.76% |
| Q4 2010 | 2010-12-31 | $101.2M | — | — |
| Q3 2010 | 2010-09-30 | $84.8M | $1.1M | +1.31% |
| Q2 2010 | 2010-06-30 | $87.4M | $8.3M | +10.49% |
| Q1 2010 | 2010-03-31 | $81.2M | — | — |
| Q3 2009 | 2009-09-30 | $83.7M | — | — |
| Q2 2009 | 2009-06-30 | $79.1M | — | — |
Arthur J. Gallagher & operating expenses trends
Over the last five fiscal years, Arthur J. Gallagher &'s operating expenses increased from $5.25B to $12.07B, a change of $6.82B. The latest reported quarter, Q2 2026, shows $3.59B.
About the metric
What operating expenses mean
Operating expenses are the recurring costs of running a company’s business beyond the direct costs used to calculate gross profit. They commonly include selling, general and administrative expenses, research and development, and other operating costs.
Calculation and source
SEC-reported and calculated operating expenses
TickerStat uses operating expenses reported in company SEC filings when available. When a separate total is unavailable, it calculates operating expenses as aligned gross profit minus operating income for the same fiscal period. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review Arthur J. Gallagher & source filings ↗Community posts
Gallagher’s earnings rise as acquisitions supplement underlying growth
Arthur J. Gallagher ($AJG) reported third-quarter 2026 revenue before reimbursements of $3.93 billion, compared with $3.33 billion a year earlier. Net earnings increased to $406 million from $273 million, with diluted EPS of $1.55 versus $1 ...
