In mathematics, the arithmetic–geometric mean (AGM or agM) of two positive real numbers x and y is the mutual limit of a sequence of arithmetic means and a sequence of geometric means. The arithmetic–geometric mean is used in fast algorithms for exponential, trigonometric functions, and other special functions, as well as some mathematical constants, in particular, computing π.

The AGM is defined as the limit of the interdependent sequences ${\displaystyle a_{i}}$ and ${\displaystyle g_{i}}$. Assuming ${\displaystyle x\geq y\geq 0}$, we write:$${\displaystyle {\begin{aligned}a_{0}&=x,\\g_{0}&=y\\a_{n+1}&={\tfrac {1}{2}}(a_{n}+g_{n}),\\g_{n+1}&={\sqrt {a_{n}g_{n}}}\,.\end{aligned}}}$$These two sequences converge to the same number, the arithmetic–geometric mean of x and y; it is denoted by M(x, y), or sometimes by agm(x, y) or AGM(x, y).

The arithmetic–geometric mean can be extended to complex numbers and, when the branches of the square root are allowed to be taken inconsistently, it is a multivalued function.

To find the arithmetic–geometric mean of a₀ = 24 and g₀ = 6, iterate as follows:$${\displaystyle {\begin{array}{rcccl}a_{1}&=&{\tfrac {1}{2}}(24+6)&=&15\\g_{1}&=&{\sqrt {24\cdot 6}}&=&12\\a_{2}&=&{\tfrac {1}{2}}(15+12)&=&13.5\\g_{2}&=&{\sqrt {15\cdot 12}}&=&13.416\ 407\ 8649\dots \\&&\vdots &&\end{array}}}$$The first five iterations give the following values:

The number of digits in which a_n and g_n agree (underlined) approximately doubles with each iteration. The arithmetic–geometric mean of 24 and 6 is the common limit of these two sequences, which is approximately 13.4581714817256154207668131569743992430538388544.

The first algorithm based on this sequence pair appeared in the works of Lagrange. Its properties were further analyzed by Gauss.

Both the geometric mean and arithmetic mean of two positive numbers x and y are between the two numbers. (They are strictly between when x ≠ y.) The geometric mean of two positive numbers is never greater than the arithmetic mean. So the geometric means are an increasing sequence g₀ ≤ g₁ ≤ g₂ ≤ ...; the arithmetic means are a decreasing sequence a₀ ≥ a₁ ≥ a₂ ≥ ...; and g_n ≤ M(x, y) ≤ a_n for any n. These are strict inequalities if x ≠ y.

M(x, y) is thus a number between x and y; it is also between the geometric and arithmetic mean of x and y.