Arthur J. Gallagher & Co. posts revenue increase of 20% to $3.32bn for Q3’25

Core Insights - Arthur J. Gallagher & Co. reported total revenue of $3.32 billion for Q3 2025, a 20% increase from $2.8 billion in Q3 2024, marking the 19th consecutive quarter of double-digit growth [1][7] Revenue Breakdown - The brokerage unit generated $2.9 billion in Q3 2025, up from $2.4 billion in Q3 2024, while the risk management segment contributed $402.1 million compared to $369.7 million in the same quarter last year [2] - For the first nine months of 2025, total revenue reached $10.1 billion, an increase from $8.72 billion in 9M 2024, with the brokerage arm reporting $9.02 billion and the risk management segment $1.2 billion [3] Earnings Performance - Net earnings for Q3 2025 decreased to $1.04 billion from $1.39 billion in Q3 2024, with the brokerage arm contributing $1.57 billion and the risk management arm $19 million [4] - For 9M 2025, net earnings also dipped to $5.16 billion from $5.4 billion in 9M 2024, with the brokerage arm at $6.65 billion and the risk management arm at $51 million [5] Operating Expenses and Acquisitions - Operating expenses for Q3 2025 were $433.6 million, up from $342 million in Q3 2024, and for 9M 2025, they totaled $1.14 billion compared to $1.02 billion in 9M 2024 [5] - The company completed six acquisitions in Q3 2025, with annualized revenues of $3.03 billion, compared to three acquisitions generating $32.7 million in Q3 2024 [6] Strategic Outlook - The CEO highlighted a strong third quarter with 20% revenue growth, 4.8% organic growth, and over $450 million in incremental revenue from acquisitions, emphasizing a robust client-centric culture [7]