Marsh & McLennan Companies, Inc. (MRSH)

MRSH Balance Sheet

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

Assets

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash & Equivalents	1,700	2,687	2,398	3,358	1,442	1,752
Cash & Short-Term Investments	1,700	2,687	2,398	3,358	1,442	1,752
Cash Growth	1.37%	12.05%	-28.59%	132.87%	-17.69%	-16.13%
Accounts Receivable	8,860	7,460	6,923	6,115	5,571	5,353
Other Receivables	727	750	706	659	613	518
Receivables	9,587	8,210	7,629	6,774	6,184	5,871
Other Current Assets	13,046	12,303	12,090	11,616	11,333	641
Total Current Assets	24,333	23,200	22,117	21,748	18,959	8,264
Property, Plant & Equipment	2,234	2,289	2,357	2,423	2,433	2,715
Long-Term Investments	551	515	541	449	396	468
Goodwill	24,352	24,337	23,306	17,231	16,251	16,317
Other Intangible Assets	4,505	5,212	5,294	3,149	3,029	3,285
Long-Term Deferred Tax Assets	199	212	237	357	358	551
Long-Term Deferred Charges	-	460	399	372	347	314
Other Long-Term Assets	3,508	2,485	2,230	2,301	2,341	2,474
Total Assets	59,682	58,710	56,481	48,030	44,114	34,388

Liabilities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Accounts Payable	4,051	3,561	3,316	3,332	3,214	3,086
Accrued Expenses	2,629	3,962	3,620	3,346	3,095	2,942
Short-Term Debt	1,024	-	-	-	-	-
Current Portion of Long-Term Debt	646	1,267	519	1,619	268	17
Current Portion of Leases	327	333	325	312	310	332
Current Income Taxes Payable	479	373	376	321	221	198
Other Current Liabilities	12,203	11,564	11,362	10,865	10,724	79
Total Current Liabilities	21,359	21,060	19,518	19,795	17,832	6,654
Long-Term Debt	18,891	18,320	19,428	11,844	11,227	10,933
Long-Term Leases	1,494	1,529	1,590	1,661	1,667	1,880
Pension & Post-Retirement Benefits	739	786	840	779	921	1,632
Long-Term Deferred Tax Liabilities	-	537	454	543	522	737
Other Long-Term Liabilities	1,766	1,163	1,116	1,038	1,196	1,330
Total Liabilities	44,249	43,395	42,946	35,660	33,365	23,166

Shareholders' Equity

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Common Stock	561	561	561	561	561	561
Additional Paid-In Capital	1,566	1,547	1,370	1,242	1,179	1,112
Retained Earnings	29,301	27,767	25,306	22,759	20,301	18,389
Treasury Stock	-10,670	-9,346	-7,655	-7,076	-6,207	-4,478
Comprehensive Income & Other	-5,575	-5,429	-6,240	-5,295	-5,314	-4,575
Total Common Equity	15,183	15,100	13,342	12,191	10,520	11,009
Minority Interest	250	215	193	179	229	213
Shareholders' Equity	15,433	15,315	13,535	12,370	10,749	11,222
Total Liabilities & Equity	59,682	58,710	56,481	48,030	44,114	34,388

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Total Debt	22,382	21,449	21,862	15,436	13,472	13,162
Net Cash (Debt)	-20,682	-18,762	-19,464	-12,078	-12,030	-11,410
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	-42.34	-37.98	-39.24	-24.20	-23.82	-22.24
Filing Date Shares Outstanding	477.21	484.12	491.13	491.66	494.57	502.77
Total Common Shares Outstanding	477.92	484.86	491.4	492	494.79	503.54
Working Capital	2,974	2,140	2,599	1,953	1,127	1,610
Book Value Per Share	31.77	31.14	27.15	24.78	21.26	21.86
Tangible Book Value	-13,674	-14,449	-15,258	-8,189	-8,760	-8,593
Tangible Book Value Per Share	-28.61	-29.80	-31.05	-16.64	-17.70	-17.07
Land	-	363	364	360	372	385
Machinery	-	710	696	776	772	811
Leasehold Improvements	-	1,425	1,337	1,308	1,258	1,240

Data Source: S&P Global Market Intelligence Last updated: Jul 21, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Aug 24, 2026

Data Sources Report a data error