Arthur J. Gallagher stock reports strong Q3 growth and holds outlook

Published on 11/02/2026 at 10:32 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Arthur J. Gallagher stock follows a strong third quarter as management retains its 2026 organic-growth outlook. Integration remains central to the story.

Growth Holds As Outlook Stands

Arthur J. Gallagher reported 18 percent revenue growth across Brokerage and Risk Management in the third quarter, including 5 percent organic growth.
Adjusted earnings per share rose to 3.00 US dollars from 2.31 US dollars, while adjusted EBITDAC increased 25 percent.
Management retained its 2026 organic-growth outlook of approximately 6 percent for the combined segments.

Arthur J. Gallagher, US3635761097, Illustration mit AI erstellt.

Arthur J. Gallagher & Co. reported strong third-quarter results on Thursday, October 29, 2026, and kept its full-year organic-growth outlook. The insurance brokerage said its combined Brokerage and Risk Management segments delivered 18 percent revenue growth, including 5 percent organic growth. The results were released by Arthur J. Gallagher investor relations.

Arthur J. Gallagher stock traded at 247.45 euros on Lang & Schwarz at 10:30 CET on Monday, November 2, 2026.

Brokerage Drives Quarterly Expansion

Brokerage revenue rose to 3.473 billion US dollars from 2.922 billion US dollars a year earlier. Adjusted Brokerage revenue reached 3.460 billion US dollars, compared with 2.928 billion US dollars in the prior-year quarter. Adjusted Brokerage EBITDAC increased to 1.222 billion US dollars from 975 million US dollars, lifting the adjusted margin to 35.3 percent from 33.3 percent.

Risk Management revenue before reimbursements rose to 457 million US dollars from 402 million US dollars. Organic growth in the segment was 10 percent, while adjusted EBITDAC advanced to 104 million US dollars from 89 million US dollars. The adjusted margin expanded to 22.8 percent from 21.9 percent.

Adjusted Earnings Reflect Integration Costs

Total reported revenue before reimbursements was 3.930 billion US dollars, compared with 3.325 billion US dollars in the third quarter of 2025. Reported net earnings rose to 406 million US dollars from 273 million US dollars, and diluted earnings per share increased to 1.55 US dollars from 1.04 US dollars.

On an adjusted basis, net earnings increased to 782 million US dollars from 604 million US dollars. Adjusted earnings per share rose to 3.00 US dollars from 2.31 US dollars, while adjusted EBITDAC reached 1.253 billion US dollars versus 1.013 billion US dollars. Gallagher said the quarter marked its 26th consecutive period of double-digit adjusted EBITDAC growth.

The company separates these adjusted measures from its GAAP results because they exclude items such as acquisition integration costs, amortization of acquired intangible assets, workforce and lease termination charges, and selected transaction-related effects. The comparison also reflects approximately 76 million US dollars of interest income in the third quarter of 2025 from funds associated with the AssuredPartners financing.

Outlook Keeps Acquisitions In Focus

Chief Executive J. Patrick Gallagher Jr. cited client retention, new business, growth in clients' operations and acquisitions as the main contributors to the quarter. Management retained its 2026 organic-growth outlook of approximately 6 percent for the combined Brokerage and Risk Management segments. It also expects brokerage organic growth of about 5 percent in the fourth quarter and for the full year.

Gallagher closed five acquisitions in the quarter with estimated annualized revenue of 102 million US dollars. The AssuredPartners integration remains an important factor for investors because acquisition benefits, integration costs and the loss of prior-year financing income affect the comparability of reported and adjusted results. The company also repurchased approximately 0.4 million shares for about 100 million US dollars during the quarter.

For investors, the release points to continued earnings momentum but also to a business model that depends on disciplined integration and recurring organic expansion. The maintained outlook reduces the immediate risk of a sharper forecast reset, while the difference between reported and adjusted results keeps the quality of growth and acquisition execution central to the investment case.