Marsh & McLennan Companies, Inc. (MRSH)

MRSH Balance Sheet

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

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash & Equivalents	2,687	2,398	3,358	1,442	1,752
Cash & Short-Term Investments	2,687	2,398	3,358	1,442	1,752
Cash Growth	12.05%	-28.59%	132.87%	-17.69%	-16.13%
Accounts Receivable	6,920	6,450	5,758	5,236	5,063
Other Receivables	750	706	660	616	523
Total Trade Receivables	7,670	7,156	6,418	5,852	5,586
Other Current Assets	12,843	12,563	11,972	11,665	926
Total Current Assets	23,200	22,117	21,748	18,959	8,264
Net Property, Plant & Equipment	2,289	2,357	2,423	2,433	2,715
Other Intangible Assets	4,746	4,820	2,630	2,537	2,810
Goodwill	24,337	23,306	17,231	16,251	16,317
Other Long-Term Assets	4,138	3,881	3,998	3,934	4,282
Total Assets	58,710	56,481	48,030	44,114	34,388
Accounts Payable	3,652	3,402	3,403	3,278	3,165
Accrued Expenses	4,335	3,996	3,667	3,316	3,140
Short-Term Debt	1,267	519	1,619	268	17
Current Portion of Leases	333	325	312	310	332
Other Current Liabilities	11,473	11,276	10,794	10,660	0
Total Current Liabilities	21,060	19,518	19,795	17,832	6,654
Long-Term Debt	18,320	19,428	11,844	11,227	10,933
Long-Term Leases	1,529	1,590	1,661	1,667	1,880
Other Long-Term Liabilities	2,486	2,410	2,360	2,639	3,699
Total Long-Term Liabilities	22,335	23,428	15,865	15,533	16,512
Total Liabilities	43,395	42,946	35,660	33,365	23,166
Common Stock	561	561	561	561	561
Treasury Stock	-9,346	-7,655	-7,076	-6,207	-4,478
Additional Paid-in Capital	1,547	1,370	1,242	1,179	1,112
Accumulated Other Comprehensive Income	-5,429	-6,240	-5,295	-5,314	-4,575
Retained Earnings	27,767	25,306	22,759	20,301	18,389
Total Common Shareholders' Equity	15,100	13,342	12,191	10,520	11,009
Minority Interest	215	193	179	229	213
Shareholders' Equity	15,315	13,535	12,370	10,749	11,222
Total Liabilities & Equity	58,710	56,481	48,030	44,114	34,388
Total Debt	21,449	21,862	15,436	13,472	13,162
Net Cash (Debt)	-18,762	-19,464	-12,078	-12,030	-11,410
Net Cash Per Share	-37.98	-39.24	-24.20	-23.82	-22.24
Book Value	15,100	13,342	12,191	10,520	11,009
Book Value Per Share	30.57	26.90	24.43	20.83	21.46
Tangible Book Value	-13,983	-14,784	-7,670	-8,268	-8,118
Tangible Book Value Per Share	-28.31	-29.81	-15.37	-16.37	-15.82

Updated Jan 29, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.