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Marsh & McLennan Companies, Inc. (MRSH)
NYSE: MRSH · Real-Time Price · USD
192.19
+8.88 (4.84%)
At close: Jul 28, 2026, 4:00 PM EDT
192.20
+0.01 (0.01%)
After-hours: Jul 28, 2026, 7:34 PM EDT

MRSH Financials Overview

Millions USD. Fiscal year is Jan - Dec.

Revenue & Profits
Chart
Fiscal QuarterQ2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021Q3 2021
Period EndingJun '26 Mar '26 Dec '25 Sep '25 Jun '25 Mar '25 Dec '24 Sep '24 Jun '24 Mar '24 Dec '23 Sep '23 Jun '23 Mar '23 Dec '22 Sep '22 Jun '22 Mar '22 Dec '21 Sep '21
Revenue
7,4047,5976,5956,3516,9747,0616,0675,6976,2216,4735,5545,3825,8765,9245,0224,7705,3795,5495,1374,583
Revenue Growth
6.17%7.59%8.70%11.48%12.10%9.08%9.24%5.85%5.87%9.27%10.59%12.83%9.24%6.76%-2.24%4.08%7.22%9.17%16.33%15.50%
Gross Profit
3,2633,4672,6572,4573,0793,2112,4372,2552,7673,0032,2862,0952,5392,7171,9841,8472,3692,4492,2321,730
Operating Income
1,8991,7541,2191,1701,8292,0051,1421,1081,6421,9251,1039961,4571,7266807911,3641,445986740
Net Income
1,2661,1468217471,2111,3817887471,1251,4007567301,0351,2354665469671,071803537
Earnings Per Share
2.632.361.681.512.452.791.591.512.272.821.521.472.072.470.931.091.912.101.571.05
EPS Growth
7.35%-15.41%5.66%0%7.93%-1.06%4.61%2.72%9.66%14.17%63.44%34.86%8.38%17.62%-40.76%3.81%19.38%9.95%115.07%69.36%

Revenue by Segment
Chart
Fiscal QuarterQ2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021Q3 2021
Period EndingJun '26 Mar '26 Dec '25 Sep '25 Jun '25 Mar '25 Dec '24 Sep '24 Jun '24 Mar '24 Dec '23 Sep '23 Jun '23 Mar '23 Dec '22 Sep '22 Jun '22 Mar '22 Dec '21 Sep '21
EMEA
1,0631,2089348131,0061,0598467479121,025780692858932733615780869713600
Asia Pacific
439369355361409335345342391336315311357312288286347294560281
Latin America
153136178137132124179134137125173134137115162118118104155105
US / Canada
2,4162,0132,1972,0892,3021,9351,9641,7111,8251,5171,6281,5631,6861,3851,5281,4511,5331,2791,4481,366
Guy Carpenter
6641,2402153986771,2062013816321,1482523595761,071171328522999170314
Fiduciary Interest Income
8885921099910311213812512212313110891634013434
Wealth
740752759705685670675625612672654635637581591561597617648613
Health
611661527555594608495520547538502496518545455451587524457449
Career
247248331319219218317307220215288294219218283272205202272253
Oliver Wyman Group
1,0048971,027886873818954810837789856781798687765667695667722610
Revenue (Total)
7,4047,5976,5956,3516,9747,0616,0675,6976,2216,4735,5545,3825,8765,9245,0224,7705,3795,5495,1374,583

Cash & Debt
Chart
Fiscal QuarterQ2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021Q3 2021
Period EndingJun '26 Mar '26 Dec '25 Sep '25 Jun '25 Mar '25 Dec '24 Sep '24 Jun '24 Mar '24 Dec '23 Sep '23 Jun '23 Mar '23 Dec '22 Sep '22 Jun '22 Mar '22 Dec '21 Sep '21
Cash & Investments
1,7001,6112,6872,5111,6771,6042,3981,7981,6531,4523,3582,9011,1711,0061,4428029097721,7521,398
Total Debt
22,38222,45121,44921,42621,61022,41921,86214,77915,43515,37915,43615,59514,63014,98113,47213,28413,86413,90513,16212,983
Net Cash (Debt)
-20,682-20,840-18,762-18,915-19,933-20,815-19,464-12,981-13,782-13,927-12,078-12,694-13,459-13,975-12,030-12,482-12,955-13,133-11,410-11,585
Net Cash Growth
--------------------
Net Cash Per Share
-42.91-42.88-38.29-38.29-40.27-42.05-39.24-26.17-27.79-28.08-24.35-25.44-26.97-27.95-24.01-24.82-25.60-25.80-22.33-22.58

Cash Flow & CapEx
Chart
Fiscal QuarterQ2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021Q3 2021
Period EndingJun '26 Mar '26 Dec '25 Sep '25 Jun '25 Mar '25 Dec '24 Sep '24 Jun '24 Mar '24 Dec '23 Sep '23 Jun '23 Mar '23 Dec '22 Sep '22 Jun '22 Mar '22 Dec '21 Sep '21
Operating Cash Flow
1,523-6882,1612,0821,671-6221,9561,9121,215-7811,7831,8201,474-8191,5021,3831,282-7021,4421,324
Capital Expenditures
-72-62-105-72-59-55-76-73-80-87-120-111-101-84-103-128-117-122-138-117
Free Cash Flow
1,451-7502,0562,0101,612-6771,8801,8391,135-8681,6631,7091,373-9031,3991,2551,165-8241,3041,207
Free Cash Flow Growth
-9.99%-9.36%9.30%42.03%-13.05%7.61%-17.33%-18.87%36.18%17.85%-7.29%3.98%8.27%--0.69%-10.13%

Margins
Chart
Fiscal QuarterQ2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021Q3 2021
Period EndingJun '26 Mar '26 Dec '25 Sep '25 Jun '25 Mar '25 Dec '24 Sep '24 Jun '24 Mar '24 Dec '23 Sep '23 Jun '23 Mar '23 Dec '22 Sep '22 Jun '22 Mar '22 Dec '21 Sep '21
Gross Margin
44.07%45.64%40.29%38.69%44.15%45.48%40.17%39.58%44.48%46.39%41.16%38.93%43.21%45.86%39.51%38.72%44.04%44.13%43.45%37.75%
Operating Margin
25.65%23.09%18.48%18.42%26.23%28.40%18.82%19.45%26.39%29.74%19.86%18.51%24.80%29.14%13.54%16.58%25.36%26.04%19.19%16.15%
Pretax Margin
22.99%20.81%16.01%15.90%23.60%25.87%16.63%18.17%25.16%28.90%18.87%17.28%23.55%28.09%12.21%15.37%24.39%25.66%18.71%15.62%
Profit Margin
17.44%15.61%12.65%11.92%17.65%20.00%13.20%13.20%18.32%22.00%13.77%13.71%17.82%21.13%9.38%11.57%18.18%19.57%15.71%11.83%
FCF Margin
19.60%-9.87%31.18%31.65%23.11%-9.59%30.99%32.28%18.24%-13.41%29.94%31.75%23.37%-15.24%27.86%26.31%21.66%-14.85%25.38%26.34%

Dividends
Chart
Fiscal QuarterQ2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021Q3 2021
Period EndingJun '26 Mar '26 Dec '25 Sep '25 Jun '25 Mar '25 Dec '24 Sep '24 Jun '24 Mar '24 Dec '23 Sep '23 Jun '23 Mar '23 Dec '22 Sep '22 Jun '22 Mar '22 Dec '21 Sep '21
Dividend Per Share
0.9900.9000.9000.9000.9000.8150.8150.8150.8150.7100.7100.7100.7100.5900.5900.5900.5900.5350.5350.535
Dividend Per Share Growth
10.00%10.43%10.43%10.43%10.43%14.79%14.79%14.79%14.79%20.34%20.34%20.34%20.34%10.28%10.28%10.28%10.28%15.05%15.05%15.05%
Dividend Yield
0.55%0.52%0.49%0.45%0.38%0.34%0.39%0.37%0.34%0.35%0.38%0.38%0.32%0.36%0.36%0.39%0.35%0.32%0.32%0.35%

Valuation
Chart
Fiscal QuarterQ2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021Q3 2021
Period EndingJun '26 Mar '26 Dec '25 Sep '25 Jun '25 Mar '25 Dec '24 Sep '24 Jun '24 Mar '24 Dec '23 Sep '23 Jun '23 Mar '23 Dec '22 Sep '22 Jun '22 Mar '22 Dec '21 Sep '21
PE Ratio
20.3821.6822.0124.1626.2229.9125.9727.4726.0826.1425.1627.4228.6726.0227.4022.3823.4226.9728.3628.63
Forward PE
15.6516.7318.3620.2822.5125.6023.0424.3123.6524.1822.3523.1123.9622.0322.7820.9722.2525.4126.2323.80
P/FCF Ratio
16.7116.9617.9920.4723.1128.7826.2529.0628.4926.1824.2926.2229.7428.2627.3425.5627.1830.9728.0524.49
PS Ratio
2.853.043.333.734.174.804.284.574.394.364.114.234.303.913.953.563.754.224.404.00