Marsh & McLennan Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Year	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013 - 1994
Revenue	22,736	20,720	19,820	17,224	16,652	14,950	14,024	13,211	12,893	12,951	Upgrade
Revenue Growth (YoY)	9.73%	4.54%	15.07%	3.44%	11.38%	6.60%	6.15%	2.47%	-0.45%	5.63%	Upgrade
Gross Profit	22,736	20,720	19,820	17,224	16,652	14,950	14,024	13,211	12,893	12,951	Upgrade
Selling, General & Admin	17,454	16,440	15,508	14,158	13,975	12,189	11,369	10,780	10,474	10,650	Upgrade
Operating Expenses	17,454	16,440	15,508	14,158	13,975	12,189	11,369	10,780	10,474	10,650	Upgrade
Operating Income	5,282	4,280	4,312	3,066	2,677	2,761	2,655	2,431	2,419	2,301	Upgrade
Interest Expense / Income	578	469	444	515	524	290	237	189	163	165	Upgrade
Other Expense / Income	-276	-234	-309	-212	-255	247	-207	-211	-14	85	Upgrade
Pretax Income	4,980	4,045	4,177	2,763	2,408	2,224	2,625	2,453	2,270	2,051	Upgrade
Income Tax	1,224	995	1,034	747	666	574	1,133	685	671	586	Upgrade
Net Income	3,756	3,050	3,143	2,016	1,742	1,650	1,492	1,768	1,599	1,465	Upgrade
Net Income Growth	23.15%	-2.96%	55.90%	15.73%	5.58%	10.59%	-15.61%	10.57%	9.15%	7.96%	Upgrade
Shares Outstanding (Basic)	494	499	507	506	506	506	513	519	531	545	Upgrade
Shares Outstanding (Diluted)	499	505	513	512	511	511	519	524	536	553	Upgrade
Shares Change	-1.19%	-1.56%	0.20%	0.20%	-	-1.54%	-0.95%	-2.24%	-3.07%	-0.90%	Upgrade
EPS (Basic)	7.60	6.11	6.20	3.98	3.44	3.26	2.91	3.41	3.01	2.69	Upgrade
EPS (Diluted)	7.53	6.04	6.13	3.94	3.41	3.23	2.87	3.38	2.98	2.65	Upgrade
EPS Growth	24.67%	-1.47%	55.58%	15.54%	5.57%	12.54%	-15.09%	13.42%	12.45%	9.05%	Upgrade
Free Cash Flow	3,842	2,995	3,110	3,034	1,940	2,117	1,599	1,758	1,565	1,754	Upgrade
Free Cash Flow Per Share	7.78	6.00	6.13	6.00	3.83	4.18	3.12	3.39	2.95	3.22	Upgrade
Dividend Per Share	2.600	2.250	2.000	1.840	1.740	1.580	1.430	1.300	1.180	1.060	Upgrade
Dividend Growth	15.56%	12.50%	8.70%	5.75%	10.13%	10.49%	10.00%	10.17%	11.32%	10.42%	Upgrade
Gross Margin	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	Upgrade
Operating Margin	23.23%	20.66%	21.76%	17.80%	16.08%	18.47%	18.93%	18.40%	18.76%	17.77%	Upgrade
Profit Margin	16.52%	14.72%	15.86%	11.70%	10.46%	11.04%	10.64%	13.38%	12.40%	11.31%	Upgrade
Free Cash Flow Margin	16.90%	14.45%	15.69%	17.61%	11.65%	14.16%	11.40%	13.31%	12.14%	13.54%	Upgrade
Effective Tax Rate	24.58%	24.60%	24.75%	27.04%	27.66%	25.81%	43.16%	27.92%	29.56%	28.57%	Upgrade
EBITDA	6,559	5,637	5,695	4,374	3,894	3,008	3,343	3,080	2,856	2,604	Upgrade
EBITDA Margin	28.85%	27.21%	28.73%	25.39%	23.38%	20.12%	23.84%	23.31%	22.15%	20.11%	Upgrade
Depreciation & Amortization	1,001	1,123	1,074	1,096	962	494	481	438	423	388	Upgrade
EBIT	5,558	4,514	4,621	3,278	2,932	2,514	2,862	2,642	2,433	2,216	Upgrade
EBIT Margin	24.45%	21.79%	23.31%	19.03%	17.61%	16.82%	20.41%	20.00%	18.87%	17.11%	Upgrade

Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual (10-K) and quarterly (10-Q) reports submitted to the Securities and Exchange Commission (SEC).