Arthur J. Gallagher Beats Q4 Earnings, Shares Down 16% YTD; AJG Reports $2.38 Adj EPS on $3.59B Revenue

Arthur J. Gallagher & Co. (AJG) reported stronger-than-expected Q4 earnings on January 29, 2026, with adjusted EPS of $2.38 on $3.59 billion in revenue, beating consensus estimates of $2.35 and $3.58 billion, respectively. Net income for the quarter totaled $151 million, or 58 cents per share. Full-year profit reached $1.49 billion ($5.74 per share) on $13.78 billion in revenue. Despite the beat, AJG shares closed at $245.84 — down 5% year-to-date and 16% over the past 12 months.