Arthur J. Gallagher stock posts 18% Q3 segment revenue growth

Arthur J. Gallagher & Co. reported stronger third-quarter results on October 29, 2026, for the period ended September 30. According to the company release published by PR Newswire, total revenue reached USD 3.976 billion, up from USD 3.365 billion a year earlier. Net earnings increased to USD 406 million from USD 273 million.

Revenue before reimbursements rose to USD 3.930 billion from USD 3.325 billion. The combined Brokerage and Risk Management segments generated 18% revenue growth, including 5% organic growth. The company said strong client retention, new business and continued expansion among clients supported the quarter, while acquisitions remained an important part of its growth model.

Adjusted earnings expand further

Gallagher's adjusted results also improved. Adjusted net earnings rose to USD 782 million from USD 604 million, while adjusted diluted earnings per share increased to USD 3.00 from USD 2.31. Adjusted EBITDAC reached USD 1.253 billion, compared with USD 1.013 billion in the prior-year quarter.

The Brokerage segment produced USD 3.473 billion in revenue, compared with USD 2.922 billion in the third quarter of 2025. Its adjusted EBITDAC increased to USD 1.222 billion from USD 975 million, and its adjusted EBITDAC margin expanded to 35.3% from 33.3%. Gallagher noted that the prior-year period included approximately USD 76 million of interest income from cash raised for the AssuredPartners acquisition, which affects the year-over-year comparison.

Risk Management revenue before reimbursements rose to USD 457 million from USD 402 million. The segment's adjusted EBITDAC increased to USD 104 million from USD 89 million, while its adjusted margin reached 22.8%, up from 21.9%.

Acquisitions remain part of strategy

Gallagher closed five acquisitions in the quarter, adding estimated annualized revenue of USD 102 million. In the first nine months of 2026, the company completed 19 acquisitions with estimated annualized revenue of USD 209 million. The company also repurchased approximately 0.4 million shares for approximately USD 100 million during the quarter.

The board declared a quarterly dividend of USD 0.70 per share, compared with USD 0.65 a year earlier. For the first nine months, reported net earnings totaled USD 1.553 billion, up from USD 1.350 billion, while adjusted diluted earnings per share rose to USD 10.32 from USD 8.35.

The real-time quote of Arthur J. Gallagher stock showed the shares trading at 247.80 euros on Lang & Schwarz at 12:48 CET on Tuesday, November 3, 2026.

Investors can place the results in the broader context of the US market through current S&P 500 market developments.

Further earnings coverage and company-specific analysis are available in more news and analyses on Arthur J. Gallagher stock.