Marsh & McLennan Companies, Inc. (MRSH)
NYSE: MRSH · Real-Time Price · USD
191.45
-1.39 (-0.72%)
Aug 4, 2026, 4:00 PM EDT - Market closed

MRSH Financials Overview

Millions USD. Fiscal year is Jan - Dec.

Revenue & Profits

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Revenue
27,94726,98124,45822,73620,72019,820
Revenue Growth
8.33%10.32%7.57%9.73%4.54%15.07%
Gross Profit
11,84411,40410,4629,6378,6498,395
Operating Income
6,0426,2235,8175,2824,2804,312
Net Income
3,9804,1604,0603,7563,0503,143
Earnings Per Share
8.188.438.187.536.046.13
EPS Growth
-1.92%3.06%8.63%24.67%-1.47%55.58%

Revenue by Segment

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
EMEA
4,0183,8123,5303,2622,9973,236
Asia Pacific
1,5241,4601,4141,2951,2151,172
Latin America
604571575559502453
US / Canada
8,7158,5237,0176,2625,7915,342
Guy Carpenter
2,5172,4962,3622,2582,0201,867
Fiduciary Interest Income
37440349745312015
Wealth
2,9562,8192,5842,5072,3662,509
Health
2,3542,2842,1002,0612,0171,855
Career
1,1451,0871,0591,019962890
Oliver Wyman Group
3,8143,6043,3903,1222,7942,535
Revenue (Total)
27,94726,98124,45822,73620,72019,820

Cash & Debt

Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Cash & Investments
1,7002,6872,3983,3581,4421,752
Total Debt
22,38221,44921,86215,43613,47213,162
Net Cash (Debt)
-20,682-18,762-19,464-12,078-12,030-11,410
Net Cash Growth
------
Net Cash Per Share
-42.38-37.98-39.24-24.20-23.82-22.24

Cash Flow & CapEx

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Operating Cash Flow
5,0785,2924,3024,2583,4653,516
Capital Expenditures
-311-291-316-416-470-406
Free Cash Flow
4,7675,0013,9863,8422,9953,110
Free Cash Flow Growth
2.43%25.46%3.75%28.28%-3.70%2.50%

Margins

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Gross Margin
42.38%42.27%42.78%42.39%41.74%42.36%
Operating Margin
21.62%23.06%23.78%23.23%20.66%21.76%
Pretax Margin
19.14%20.53%22.41%22.11%19.70%21.23%
Profit Margin
14.56%15.69%16.83%16.72%14.90%16.01%
FCF Margin
17.06%18.54%16.30%16.90%14.45%15.69%

Dividends

Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingAug '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Dividend Per Share
3.9603.5153.1552.7202.3052.070
Dividend Per Share Growth
10.31%11.41%15.99%18.00%11.35%11.89%
Dividend Yield
2.07%1.87%1.45%1.39%1.38%1.16%

Valuation

Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingAug '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
PE Ratio
23.4422.0125.9725.1627.4028.36
Forward PE
17.4518.3623.0422.3522.7826.23
P/FCF Ratio
19.1717.9926.2524.2927.3428.05
PS Ratio
3.273.334.284.113.954.40