Marsh & McLennan Companies, Inc. (MRSH)
NYSE: MRSH · Real-Time Price · USD
183.95
+5.77 (3.24%)
Jan 29, 2026, 9:38 AM EST - Market open
MRSH Income Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Fiscal Year | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | 2016 - 2020 |
|---|---|---|---|---|---|---|
Period Ending | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 | 2016 - 2020 |
| 26,981 | 24,458 | 22,736 | 20,720 | 19,820 | Upgrade | |
Revenue Growth (YoY) | 10.32% | 7.57% | 9.73% | 4.54% | 15.07% | Upgrade |
Cost of Revenue | 15,383 | 13,565 | 12,712 | 11,725 | 11,110 | Upgrade |
Gross Profit | 11,598 | 10,893 | 10,024 | 8,995 | 8,710 | Upgrade |
Other Operating Expenses | 5,181 | 4,413 | 4,157 | 4,053 | 3,958 | Upgrade |
Operating Expenses | 5,181 | 4,413 | 4,157 | 4,053 | 3,958 | Upgrade |
Operating Income | 6,417 | 6,480 | 5,867 | 4,942 | 4,752 | Upgrade |
Interest Expense | -960 | -700 | -578 | -469 | -444 | Upgrade |
Interest & Investment Income | 82 | 95 | 83 | 36 | 63 | Upgrade |
EBT Excluding Unusual Items | 5,539 | 5,875 | 5,372 | 4,509 | 4,371 | Upgrade |
Merger & Restructuring Charges | - | -119 | -45 | - | - | Upgrade |
Other Unusual Items | - | -276 | -301 | -427 | -163 | Upgrade |
Pretax Income | 5,539 | 5,480 | 5,026 | 4,082 | 4,208 | Upgrade |
Income Tax Expense | 1,305 | 1,363 | 1,224 | 995 | 1,034 | Upgrade |
Earnings From Continuing Operations | 4,234 | 4,117 | 3,802 | 3,087 | 3,174 | Upgrade |
Net Income to Company | 4,234 | 4,117 | 3,802 | 3,087 | 3,174 | Upgrade |
Minority Interest in Earnings | -74 | -57 | -46 | -37 | -31 | Upgrade |
Net Income | 4,160 | 4,060 | 3,756 | 3,050 | 3,143 | Upgrade |
Net Income to Common | 4,160 | 4,060 | 3,756 | 3,050 | 3,143 | Upgrade |
Net Income Growth | 2.46% | 8.09% | 23.15% | -2.96% | 55.90% | Upgrade |
Shares Outstanding (Basic) | 491 | 492 | 494 | 499 | 507 | Upgrade |
Shares Outstanding (Diluted) | 494 | 496 | 499 | 505 | 513 | Upgrade |
Shares Change (YoY) | -0.40% | -0.60% | -1.19% | -1.56% | 0.19% | Upgrade |
EPS (Basic) | 8.47 | 8.25 | 7.60 | 6.11 | 6.20 | Upgrade |
EPS (Diluted) | 8.43 | 8.18 | 7.53 | 6.04 | 6.13 | Upgrade |
EPS Growth | 3.06% | 8.63% | 24.67% | -1.47% | 55.58% | Upgrade |
Free Cash Flow | 5,001 | 3,986 | 3,842 | 2,995 | 3,110 | Upgrade |
Free Cash Flow Per Share | 10.12 | 8.04 | 7.70 | 5.93 | 6.06 | Upgrade |
Dividend Per Share | - | 3.155 | 2.720 | 2.305 | 2.070 | Upgrade |
Dividend Growth | - | 15.99% | 18.00% | 11.35% | 11.89% | Upgrade |
Gross Margin | 42.99% | 44.54% | 44.09% | 43.41% | 43.95% | Upgrade |
Operating Margin | 23.78% | 26.49% | 25.80% | 23.85% | 23.98% | Upgrade |
Profit Margin | 15.42% | 16.60% | 16.52% | 14.72% | 15.86% | Upgrade |
Free Cash Flow Margin | 18.54% | 16.30% | 16.90% | 14.46% | 15.69% | Upgrade |
EBITDA | 7,327 | 7,226 | 6,580 | 5,661 | 5,499 | Upgrade |
EBITDA Margin | 27.16% | 29.54% | 28.94% | 27.32% | 27.74% | Upgrade |
D&A For EBITDA | 910 | 746 | 713 | 719 | 747 | Upgrade |
EBIT | 6,417 | 6,480 | 5,867 | 4,942 | 4,752 | Upgrade |
EBIT Margin | 23.78% | 26.49% | 25.80% | 23.85% | 23.98% | Upgrade |
Effective Tax Rate | 23.56% | 24.87% | 24.35% | 24.38% | 24.57% | Upgrade |
Updated Jan 29, 2026. Source: S&P Global Market Intelligence. Standard template. Financial Sources.