Marsh & McLennan Companies, Inc. (MRSH)

NYSE: MRSH · Real-Time Price · USD

170.10

-3.91 (-2.25%)

At close: Apr 24, 2026, 4:00 PM EDT

172.14

+2.04 (1.20%)

After-hours: Apr 24, 2026, 7:56 PM EDT

MRSH Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	27,517	26,981	24,458	22,736	20,720	19,820
Revenue Growth (YoY)	9.87%	10.32%	7.57%	9.73%	4.54%	15.07%
Cost of Revenue	15,857	15,577	13,996	13,099	12,071	11,425
Gross Profit	11,660	11,404	10,462	9,637	8,649	8,395
Other Operating Expenses	5,688	5,181	4,645	4,355	4,369	4,083
Total Operating Expenses	5,688	5,181	4,645	4,355	4,369	4,083
Operating Income	5,972	6,223	5,817	5,282	4,280	4,312
Interest Income	75	82	95	83	36	63
Interest Expense	-955	-960	-700	-578	-469	-444
Other Non-Operating Income (Expense)	201	194	268	239	235	277
Total Non-Operating Income (Expense)	-679	-684	-337	-256	-198	-104
Pretax Income	5,293	5,539	5,480	5,026	4,082	4,208
Provision for Income Taxes	1,285	1,305	1,363	1,224	995	1,034
Net Income	3,925	4,160	4,060	3,756	3,050	3,143
Minority Interest in Earnings	83	74	57	46	37	31
Net Income to Common	3,925	4,160	4,060	3,756	3,050	3,143
Net Income Growth	-2.87%	2.46%	8.09%	23.15%	-2.96%	55.90%
Shares Outstanding (Basic)	489	491	492	494	499	507
Shares Outstanding (Diluted)	491	494	496	499	505	513
Shares Change (YoY)	-0.91%	-0.40%	-0.60%	-1.19%	-1.56%	0.19%
EPS (Basic)	8.04	8.48	8.26	7.60	6.11	6.20
EPS (Diluted)	8.00	8.43	8.18	7.53	6.04	6.13
EPS Growth	-1.96%	3.06%	8.63%	24.67%	-1.47%	55.58%
Shares Outstanding	482	485	492.68	492.62	494.79	501.91
Free Cash Flow	4,928	5,001	3,986	3,842	2,995	3,110
Free Cash Flow Growth	-1.46%	25.46%	3.75%	28.28%	-3.70%	2.50%
Free Cash Flow Per Share	10.03	10.12	8.04	7.70	5.93	6.06
Dividends Per Share	3.600	3.515	3.155	2.720	2.305	2.070
Dividend Growth	2.42%	11.41%	15.99%	18.00%	11.35%	11.89%
Gross Margin	42.37%	42.27%	42.78%	42.39%	41.74%	42.36%
Operating Margin	21.70%	23.06%	23.78%	23.23%	20.66%	21.76%
Profit Margin	14.57%	15.69%	16.83%	16.72%	14.90%	16.01%
FCF Margin	17.91%	18.54%	16.30%	16.90%	14.45%	15.69%
EBITDA	7,180	7,428	6,843	6,283	5,403	5,386
EBITDA Margin	26.09%	27.53%	27.98%	27.63%	26.08%	27.17%
EBIT	5,972	6,223	5,817	5,282	4,280	4,312
EBIT Margin	21.70%	23.06%	23.78%	23.23%	20.66%	21.76%
Effective Tax Rate	24.28%	23.56%	24.87%	24.35%	24.38%	24.57%

Updated Apr 16, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.