AJG · 10-Q · 2026Q3 · Full report

Capital Expenditure Outlook

Arthur J. Gallagher & Co. · 2026-11-05 · Importance 41 · Surprise 48 · No source text

Capital expenditures were $135 million in the first nine months of 2026, up from $105 million in the comparable 2025 period, an increase of approximately 29%. Gallagher expected full-year 2026 capital-improvement expenditures of approximately $180 million, including the effect of acquisitions completed through September 30. Spending supported office moves and IT and software-development projects, and the increase reflected acquisition integration, investment timing and migration from in-house systems to cloud computing.

Key facts

• Arthur J. Gallagher & Co. expects 2026 capital-improvement expenditures of approximately $180 million, including acquisitions closed through September 30, 2026, with some spending related to office moves and IT and software development projects. source
• Capital expenditures were $135 million in the nine months ended September 30, 2026, compared with $105 million in 2025. source
• Capital expenditures increased in 2026 compared with 2025 primarily due to acquisition-integration expenditures, timing differences in IT investment spending, and the move from in-house hosted technology to cloud computing. source

Impact estimates