Marsh & McLennan Companies, Inc. (MRSH)
NYSE: MRSH · Real-Time Price · USD
180.74
+4.34 (2.46%)
At close: Jul 24, 2026, 4:00 PM EDT
181.00
+0.26 (0.14%)
After-hours: Jul 24, 2026, 7:34 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 | Jun '26 Jun 30, 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 |
| 27,947 | 26,981 | 24,458 | 22,736 | 20,720 | 19,820 | |
Revenue Growth (YoY) | 8.33% | 10.32% | 7.57% | 9.73% | 4.54% | 15.07% |
Cost of Revenue | 16,103 | 15,577 | 13,996 | 13,099 | 12,071 | 11,425 |
Gross Profit | 11,844 | 11,404 | 10,462 | 9,637 | 8,649 | 8,395 |
Other Operating Expenses | 5,802 | 5,181 | 4,645 | 4,355 | 4,369 | 4,083 |
Total Operating Expenses | 5,802 | 5,181 | 4,645 | 4,355 | 4,369 | 4,083 |
Operating Income | 6,042 | 6,223 | 5,817 | 5,282 | 4,280 | 4,312 |
Interest Income | 66 | 82 | 95 | 83 | 36 | 63 |
Interest Expense | -962 | -960 | -700 | -578 | -469 | -444 |
Other Non-Operating Income (Expense) | 203 | 194 | 268 | 239 | 235 | 277 |
Total Non-Operating Income (Expense) | -693 | -684 | -337 | -256 | -198 | -104 |
Pretax Income | 5,349 | 5,539 | 5,480 | 5,026 | 4,082 | 4,208 |
Provision for Income Taxes | 1,281 | 1,305 | 1,363 | 1,224 | 995 | 1,034 |
Net Income | 4,068 | 4,234 | 4,117 | 3,802 | 3,087 | 3,174 |
Minority Interest in Earnings | 88 | 74 | 57 | 46 | 37 | 31 |
Net Income to Common | 3,980 | 4,160 | 4,060 | 3,756 | 3,050 | 3,143 |
Net Income Growth | -3.56% | 2.46% | 8.09% | 23.15% | -2.96% | 55.90% |
Shares Outstanding (Basic) | 486 | 491 | 492 | 494 | 499 | 507 |
Shares Outstanding (Diluted) | 488 | 494 | 496 | 499 | 505 | 513 |
Shares Change (YoY) | -1.51% | -0.40% | -0.60% | -1.19% | -1.56% | 0.19% |
EPS (Basic) | 8.22 | 8.48 | 8.26 | 7.60 | 6.11 | 6.20 |
EPS (Diluted) | 8.18 | 8.43 | 8.18 | 7.53 | 6.04 | 6.13 |
EPS Growth | -1.92% | 3.06% | 8.63% | 24.67% | -1.47% | 55.58% |
Free Cash Flow | 4,767 | 5,001 | 3,986 | 3,842 | 2,995 | 3,110 |
Free Cash Flow Growth | 2.43% | 25.46% | 3.75% | 28.28% | -3.70% | 2.50% |
Free Cash Flow Per Share | 9.77 | 10.12 | 8.04 | 7.70 | 5.93 | 6.06 |
Dividends Per Share | 3.690 | 3.515 | 3.155 | 2.720 | 2.305 | 2.070 |
Dividend Growth | 10.31% | 11.41% | 15.99% | 18.00% | 11.35% | 11.89% |
Gross Margin | 42.38% | 42.27% | 42.78% | 42.39% | 41.74% | 42.36% |
Operating Margin | 21.62% | 23.06% | 23.78% | 23.23% | 20.66% | 21.76% |
Profit Margin | 14.56% | 15.69% | 16.83% | 16.72% | 14.90% | 16.01% |
FCF Margin | 17.06% | 18.54% | 16.30% | 16.90% | 14.45% | 15.69% |
EBITDA | 7,249 | 7,428 | 6,843 | 6,283 | 5,403 | 5,386 |
EBITDA Margin | 25.94% | 27.53% | 27.98% | 27.63% | 26.08% | 27.17% |
EBIT | 6,042 | 6,223 | 5,817 | 5,282 | 4,280 | 4,312 |
EBIT Margin | 21.62% | 23.06% | 23.78% | 23.23% | 20.66% | 21.76% |
Effective Tax Rate | 23.95% | 23.56% | 24.87% | 24.35% | 24.38% | 24.57% |