Arthur J. Gallagher & (AJG) Revenue — Quarter Ended Jun 30, 2023
Revenue declined from the prior quarter but rose compared to the same quarter last year. The sequential decrease followed a period of growth in the preceding quarter.
Key takeaway
Quarter ended Jun 30, 2023 · FY2023 Q2
Revenue declined from the prior quarter but rose compared to the same quarter last year. The sequential decrease followed a period of growth in the preceding quarter.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$2.4B
Revenue reported for this quarter.
Quarter-over-quarter
-9.8%
Change from the immediately preceding quarter.
Year-over-year
+19.5%
Change from the comparable year-ago quarter.
Trailing four quarters
$9.2B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Sep 30, 2022 | $2B | -4.4% |
| Dec 31, 2022 | $2B | +2.8% |
| Mar 31, 2023 | $2.7B | +11.1% |
| Jun 30, 2023 | $2.4B | +19.5% |
Revenue performance
The reported revenue moved lower from the immediately preceding quarter, reversing the prior quarter's upward trend.
Quarterly comparison
Compared with the same quarter one year earlier, revenue was higher. The sequential decline contrasts with the year-over-year increase.
What to watch
The filing notes that integrating the acquired Buck operations involves expected integration expenses, which may affect near-term results.