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
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
Revenue	26,981	24,458	22,736	20,720	19,820
Revenue Growth (YoY)	10.32%	7.57%	9.73%	4.54%	15.07%
Cost of Revenue	15,577	13,996	13,099	12,071	11,425
Gross Profit	11,404	10,462	9,637	8,649	8,395
Other Operating Expenses	5,181	4,645	4,355	4,369	4,083
Total Operating Expenses	5,181	4,645	4,355	4,369	4,083
Operating Income	6,223	5,817	5,282	4,280	4,312
Interest Income	82	95	83	36	63
Interest Expense	-960	-700	-578	-469	-444
Other Non-Operating Income (Expense)	194	268	239	235	277
Total Non-Operating Income (Expense)	-684	-337	-256	-198	-104
Pretax Income	5,539	5,480	5,026	4,082	4,208
Provision for Income Taxes	1,305	1,363	1,224	995	1,034
Net Income	4,160	4,060	3,756	3,050	3,143
Minority Interest in Earnings	74	57	46	37	31
Net Income to Common	4,160	4,060	3,756	3,050	3,143
Net Income Growth	2.46%	8.09%	23.15%	-2.96%	55.90%
Shares Outstanding (Basic)	491	492	494	499	507
Shares Outstanding (Diluted)	494	496	499	505	513
Shares Change (YoY)	-0.40%	-0.60%	-1.19%	-1.56%	0.19%
EPS (Basic)	8.48	8.26	7.60	6.11	6.20
EPS (Diluted)	8.43	8.18	7.53	6.04	6.13
EPS Growth	3.06%	8.63%	24.67%	-1.47%	55.58%
Free Cash Flow	5,001	3,986	3,842	2,995	3,110
Free Cash Flow Growth	25.46%	3.75%	28.28%	-3.70%	2.50%
Free Cash Flow Per Share	10.12	8.04	7.70	5.93	6.06
Dividends Per Share	3.515	3.155	2.720	2.305	2.070
Dividend Growth	11.41%	15.99%	18.00%	11.35%	11.89%
Gross Margin	42.27%	42.78%	42.39%	41.74%	42.36%
Operating Margin	23.06%	23.78%	23.23%	20.66%	21.76%
Profit Margin	15.69%	16.83%	16.72%	14.90%	16.01%
FCF Margin	18.54%	16.30%	16.90%	14.45%	15.69%
EBITDA	7,428	6,843	6,283	5,403	5,386
EBITDA Margin	27.53%	27.98%	27.63%	26.08%	27.17%
EBIT	6,223	5,817	5,282	4,280	4,312
EBIT Margin	23.06%	23.78%	23.23%	20.66%	21.76%
Effective Tax Rate	23.56%	24.87%	24.35%	24.38%	24.57%

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