{
  "url": "https://struct.news/briefs/gallagher-grew-revenue-24-net-income-fell-12",
  "title": "Gallagher grew revenue 24%. Net income fell 12%.",
  "summary": "Accounts receivable climbed to $6.1 billion, faster than revenue, as acquisition costs and borrowing weighed on profit.",
  "published_at": "2026-08-05T23:46:27.285334+00:00",
  "publisher": "Struct",
  "usage": "Figures are as reported by the company. Quote with attribution to the source filing.",
  "company": {
    "name": "Arthur J. Gallagher & Co.",
    "ticker": "AJG",
    "cik": "1628280",
    "sector": "Financial Services",
    "industry": "Insurance Brokers"
  },
  "source_filing": {
    "form": "10-Q",
    "filed": "2026-08-05",
    "accession": "0001628280-26-053489",
    "url": "https://www.sec.gov/Archives/edgar/data/354190/000162828026053489/ajg-20260630.htm"
  },
  "comparison_filing": {
    "form": "10-Q",
    "filed": "2025-08-01",
    "url": "https://www.sec.gov/Archives/edgar/data/354190/000035419025000011/ajg-20250630.htm"
  },
  "reported_figures": [
    {
      "group": "The filing in three numbers",
      "label": "Revenue",
      "value": 13942000000,
      "display": "$13.9B",
      "unit": "usd",
      "period": "2025-12-31",
      "detail": null,
      "source": {
        "kind": "sec_filing",
        "label": "Filed company results",
        "form": "10-Q",
        "accession": "0001628280-26-053489",
        "filing_date": "2026-08-05"
      }
    },
    {
      "group": "The filing in three numbers",
      "label": "Revenue YoY",
      "value": 20.657723929035043,
      "display": "+20.7%",
      "unit": "percent",
      "period": "2025-12-31",
      "detail": null,
      "source": {
        "kind": "jodie_calculation",
        "label": "Calculated from filed company results",
        "form": "10-Q",
        "accession": "0001628280-26-053489",
        "filing_date": "2026-08-05"
      }
    },
    {
      "group": "The filing in three numbers",
      "label": "Net margin",
      "value": 10.715822694018074,
      "display": "+10.7%",
      "unit": "percent",
      "period": "2025-12-31",
      "detail": null,
      "source": {
        "kind": "jodie_calculation",
        "label": "Calculated from filed company results",
        "form": "10-Q",
        "accession": "0001628280-26-053489",
        "filing_date": "2026-08-05"
      }
    }
  ],
  "watch_next": [
    {
      "type": "interest_rates",
      "statement": "Higher borrowing under Gallagher's Credit Agreement increased interest expense in the latest three-month period, adding pressure to margins.",
      "importance": "medium",
      "evidence": "Interest expense - The interest expense for the three and six-month periods ended June 30, 2026 increased compared to the same periods in 2025 primarily due to an increase in borrowings outstanding under the Credit Agreement",
      "source_date": "2026-08-05"
    },
    {
      "type": "capital_investment",
      "statement": "Gallagher said higher capital expenditures reflected acquisition integration and the move from in-house systems to cloud computing.",
      "importance": "medium",
      "evidence": "Capital expenditures increased in 2026 compared to 2025 primarily due to an increase in acquisition integration related expenditures, differences in the period over period timing of expenditures related to investments in information technology, and by the movement of information technology to cloud computing based technology",
      "source_date": "2026-08-05"
    }
  ],
  "related_tickers": [
    "AJG"
  ],
  "disclaimer": "Descriptive reporting of filed results. Not investment advice, and contains no forecast or recommendation."
}