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Where the tokens are
Standardised from the company’s filings, newest period first, labelled with the company’s own fiscal calendar. A line the company does not report is left off rather than shown as zero; margins and free cash flow are worked out here, and only where every input is present.
| Line item | Q2 FY262026-06-30 | Q1 FY262026-03-31 | Q4 FY252025-12-31 | Q3 FY252025-09-30 | Q2 FY252025-06-30 | Q1 FY252025-03-31 | Q4 FY242024-12-31 | Q3 FY242024-09-30 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $4.00B | $4.76B | $3.63B | $3.37B | $3.22B | $3.73B | $2.72B | $2.81B |
| Gross profit | $4.00B | $4.76B | $3.63B | $3.37B | $3.22B | $3.73B | $2.72B | $2.81B |
| Gross margin | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% |
| Selling, general and administrative | $2.33B | $2.52B | $2.21B | $1.93B | $1.80B | $1.90B | $1.55B | $1.62B |
| Operating expenses | $3.42B | $3.56B | $3.25B | $2.82B | $2.59B | $2.70B | $2.25B | $2.27B |
| Operating income | $582.00M | $1.20B | $383.10M | $547.90M | $631.00M | $1.03B | $470.70M | $536.50M |
| Operating margin | 14.5% | 25.2% | 10.6% | 16.3% | 19.6% | 27.7% | 17.3% | 19.1% |
| EBITDA | $940.00M | $1.56B | $751.60M | $907.20M | $861.00M | $1.30B | $708.50M | $776.50M |
| Interest expense | −$168.00M | −$158.00M | −$161.20M | −$160.80M | −$158.00M | −$158.00M | −$101.60M | −$92.90M |
| Income before taxes | $414.00M | $1.04B | $180.00M | $346.90M | $473.00M | $873.00M | $333.40M | $403.30M |
| Income taxes | $90.00M | $220.00M | $25.70M | $73.30M | $105.00M | $164.00M | $74.60M | $89.20M |
| Net income | $324.00M | $823.00M | $154.30M | $273.60M | $368.00M | $709.00M | $258.80M | $314.10M |
| Net margin | 8.1% | 17.3% | 4.3% | 8.1% | 11.4% | 19.0% | 9.5% | 11.2% |
| EPS, basic | $1.26 | $3.20 | $0.59 | $1.06 | $1.43 | $2.76 | $1.14 | $1.43 |
| EPS, diluted | $1.25 | $3.16 | $0.58 | $1.04 | $1.40 | $2.72 | $1.12 | $1.39 |
| Diluted shares | 258.70M | 259.80M | 260.20M | 260.40M | 260.40M | 259.40M | 231.20M | 223.90M |
Figures describe Arthur J. Gallagher shares, not any token. As of Aug 5, 2026, from Massive's standardised financials. The company reports these figures; a token's issuer holds the shares and reports nothing of its own here.