AJG · 10-Q · 2026Q2 · Full report
Capital Expenditure Outlook
Arthur J. Gallagher & Co. · 2026-08-05 · Importance 77 · Surprise 66 · In source text
Capital expenditures were $87 million for the six months ended June 30, 2026, up from $68 million in the prior-year period, a 28% increase. Gallagher expects total 2026 capital improvement expenditures of approximately $227 million, including acquisition-related expenditures. Planned spending includes office moves, information technology and software development projects. The company is also moving information technology from in-house hosted environments to cloud computing-based technology, with related expenditures generally recorded as deferred costs rather than fixed assets.
Key facts
- In 2026, we expect total expenditures for capital improvements to be approximately $227 million (includes the impact of acquisitions closed through June 30, 2026). source
- Capital expenditures were $87 million and $68 million for the six-month periods ended June 30, 2026 and 2025, respectively. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| cash | negative | committed | -0.2% | In 2026, we expect total expenditures for capital improvements to be approximately $227 million (includes the impact of acquisitions… |
| assets | positive | committed | +0.2% | In 2026, we expect total expenditures for capital improvements to be approximately $227 million (includes the impact of acquisitions… |