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Marsh & McLennan Companies, Inc. (MRSH)
NYSE: MRSH · Real-Time Price · USD
199.27
+8.71 (4.57%)
At close: Oct 22, 2026, 4:00 PM EDT
199.90
+0.63 (0.32%)
After-hours: Oct 22, 2026, 7:58 PM EDT

MRSH Income Statement

Millions USD. Fiscal year is Jan - Dec.
Fiscal Quarter
Q3 2026Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021
Period Ending
Sep '26 Jun '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
Revenue
6,8637,4047,5976,5956,3516,9747,0616,0675,6976,2216,4735,5545,3825,8765,9245,0224,7705,3795,5495,137
Revenue Growth (YoY)
8.06%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%
Cost of Revenue
4,0304,0914,0483,7833,8423,8473,8073,4003,3743,3883,4033,0103,2253,2773,2002,8702,8662,9513,0382,801
Gross Profit
2,8333,3133,5492,8122,5093,1273,2542,6672,3232,8333,0702,5442,1572,5992,7242,1521,9042,4282,5112,336
Other Operating Expenses
1,5701,3641,7001,1341,2871,2501,2061,0631,1471,1251,0751,0171,0941,0729749591,0561,0051,0041,121
Operating Expenses
1,5701,3641,7001,1341,2871,2501,2061,0631,1471,1251,0751,0171,0941,0729749591,0561,0051,0041,121
Operating Income
1,2631,9491,8491,6781,2221,8772,0481,6041,1761,7081,9951,5271,0631,5271,7501,1938481,4231,5071,215
Interest Expense
-248-250-240-235-237-243-245-231-154-156-159-151-145-146-136-127-118-114-110-109
Interest & Investment Income
188172125122431131338371713163432718
EBT Excluding Unusual Items
1,0331,7071,6261,4641,0101,6461,8271,4041,0351,5651,8741,4139351,3941,6301,0697341,3121,4241,124
Merger & Restructuring Charges
---45-408----395---3-314-5-10-17-456----
Gain (Loss) on Sale of Investments
--5---------------1---
Other Unusual Items
--------------------163
Pretax Income
1,0331,7021,5811,0561,0101,6461,8271,0091,0351,5651,8711,0489301,3841,6646137331,3121,424961
Income Tax Expense
221411395222253415415208283425447283192337412142181334338154
Earnings From Continuing Operations
8121,2911,1868347571,2311,4128017521,1401,4247657381,0471,2524715529781,086807
Net Income to Company
8121,2911,1868347571,2311,4128017521,1401,4247657381,0471,2524715529781,086807
Minority Interest in Earnings
-4-25-40-13-10-20-31-13-5-15-24-9-8-12-17-5-6-11-15-4
Net Income
8081,2661,1468217471,2111,3817887471,1251,4007567301,0351,2354665469671,071803
Net Income to Common
8081,2661,1468217471,2111,3817887471,1251,4007567301,0351,2354665469671,071803
Net Income Growth (YoY)
8.17%4.54%-17.02%4.19%0%7.64%-1.36%4.23%2.33%8.70%13.36%62.23%33.70%7.03%15.31%-41.97%1.68%17.93%8.95%114.71%
Shares Outstanding (Basic)
476480484487491492492491492492492493494495495496498501503504
Shares Outstanding (Diluted)
479482486490494495495496496496497498499499500501503506509511
Shares Change (YoY)
-3.04%-2.63%-1.82%-1.21%-0.40%-0.20%-0.40%-0.40%-0.60%-0.60%-0.60%-0.60%-0.80%-1.38%-1.77%-1.96%-1.95%-1.36%-0.97%-0.39%
EPS (Basic)
1.702.642.371.691.522.462.811.601.522.292.851.531.482.092.490.941.101.932.131.59
EPS (Diluted)
1.692.632.361.681.512.452.791.591.512.272.821.521.472.072.470.931.081.912.101.58
EPS Growth (YoY)
11.92%7.35%-15.41%5.66%0%7.93%-1.06%4.40%2.72%9.66%14.17%64.26%36.11%8.38%17.62%-41.17%2.86%19.38%9.95%114.49%

Additional Metrics

Fiscal Quarter
Q3 2026Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021
Period Ending
Sep '26 Jun '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
Free Cash Flow
1,3971,451-7502,0562,0101,612-6771,8801,8391,135-8681,6631,6991,383-9031,3991,2551,165-8241,304
Free Cash Flow Per Share
2.923.01-1.544.204.073.26-1.373.793.712.29-1.753.343.402.77-1.812.792.502.30-1.622.55
Dividend Per Share
0.9900.9900.9000.9000.9000.9000.8150.8150.8150.8150.7100.7100.7100.7100.5900.5900.5900.5900.5350.535
Dividend Growth (YoY)
10.00%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%
Gross Margin
41.28%44.75%46.72%42.64%39.51%44.84%46.08%43.96%40.78%45.54%47.43%45.80%40.08%44.23%45.98%42.85%39.92%45.14%45.25%45.47%
Operating Margin
18.40%26.32%24.34%25.44%19.24%26.91%29.00%26.44%20.64%27.46%30.82%27.49%19.75%25.99%29.54%23.76%17.78%26.46%27.16%23.65%
Profit Margin
11.77%17.10%15.09%12.45%11.76%17.36%19.56%12.99%13.11%18.08%21.63%13.61%13.56%17.61%20.85%9.28%11.45%17.98%19.30%15.63%
Free Cash Flow Margin
20.36%19.60%-9.87%31.18%31.65%23.11%-9.59%30.99%32.28%18.25%-13.41%29.94%31.57%23.54%-15.24%27.86%26.31%21.66%-14.85%25.38%
EBITDA
1,4942,1762,0761,9061,4462,1082,2751,8051,3561,8842,1841,7131,2431,7051,9191,3951,0171,5911,6871,393
EBITDA Margin
21.77%29.39%27.33%28.90%22.77%30.23%32.22%29.75%23.80%30.29%33.74%30.84%23.10%29.02%32.39%27.78%21.32%29.58%30.40%27.12%
D&A For EBITDA
231227227228224231227201180176189186180178169202169168180178
EBIT
1,2631,9491,8491,6781,2221,8772,0481,6041,1761,7081,9951,5271,0631,5271,7501,1938481,4231,5071,215
EBIT Margin
18.40%26.32%24.34%25.44%19.24%26.91%29.00%26.44%20.64%27.46%30.82%27.49%19.75%25.99%29.54%23.76%17.78%26.46%27.16%23.65%
Effective Tax Rate
21.39%24.15%24.98%21.02%25.05%25.21%22.71%20.61%27.34%27.16%23.89%27.00%20.64%24.35%24.76%23.16%24.69%25.46%23.74%16.02%