Arthur J. Gallagher: brokerage compounding still has to justify the acquisition machine

Arthur J. Gallagher reported 2025 revenue of $13.94 billion and Q1 2026 revenue of $4.76 billion. The thesis depends on brokerage organic growth, acquisition discipline, cash conversion, integration quality and insurance-cycle resilience.

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SEC datasetSEC company tickers exchange datasetRetrieved 2026-05-20 · Issuer identity, ticker, exchange and CIK SEC APISEC submissions APIRetrieved 2026-05-20 · Filing chronology and company identity SEC XBRL APISEC companyfacts APIRetrieved 2026-05-20 · Financial statement cross-checks Annual report2025 Form 10-K filed 2026-02-172026 · Annual business, risk and financial baseline Quarterly reportQ1 2026 Form 10-Q filed 2026-05-072026 · Latest interim financial baseline Current reportForm 8-K filed 2026-05-132026 · Recent filing chronology Proxy statementDEF 14A filed 2026-03-232026 · Governance and incentive context