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 Income Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Fiscal Quarter | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Sep '25 Sep 30, 2025 | Jun '25 Jun 30, 2025 | Mar '25 Mar 31, 2025 | Dec '24 Dec 31, 2024 | Sep '24 Sep 30, 2024 | Jun '24 Jun 30, 2024 | Mar '24 Mar 31, 2024 | Dec '23 Dec 31, 2023 | Sep '23 Sep 30, 2023 | Jun '23 Jun 30, 2023 | Mar '23 Mar 31, 2023 | Dec '22 Dec 31, 2022 | Sep '22 Sep 30, 2022 | Jun '22 Jun 30, 2022 | Mar '22 Mar 31, 2022 | Dec '21 Dec 31, 2021 | Sep '21 Sep 30, 2021 |
| 7,404 | 7,597 | 6,595 | 6,351 | 6,974 | 7,061 | 6,067 | 5,697 | 6,221 | 6,473 | 5,554 | 5,382 | 5,876 | 5,924 | 5,022 | 4,770 | 5,379 | 5,549 | 5,137 | 4,583 | |
Revenue Growth (YoY) | 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% |
Cost of Revenue | 4,141 | 4,130 | 3,938 | 3,894 | 3,895 | 3,850 | 3,630 | 3,442 | 3,454 | 3,470 | 3,268 | 3,287 | 3,337 | 3,207 | 3,038 | 2,923 | 3,010 | 3,100 | 2,905 | 2,853 |
Gross Profit | 3,263 | 3,467 | 2,657 | 2,457 | 3,079 | 3,211 | 2,437 | 2,255 | 2,767 | 3,003 | 2,286 | 2,095 | 2,539 | 2,717 | 1,984 | 1,847 | 2,369 | 2,449 | 2,232 | 1,730 |
Other Operating Expenses | 1,364 | 1,713 | 1,438 | 1,287 | 1,250 | 1,206 | 1,295 | 1,147 | 1,125 | 1,078 | 1,183 | 1,099 | 1,082 | 991 | 1,304 | 1,056 | 1,005 | 1,004 | 1,246 | 990 |
Total Operating Expenses | 1,364 | 1,713 | 1,438 | 1,287 | 1,250 | 1,206 | 1,295 | 1,147 | 1,125 | 1,078 | 1,183 | 1,099 | 1,082 | 991 | 1,304 | 1,056 | 1,005 | 1,004 | 1,246 | 990 |
Operating Income | 1,899 | 1,754 | 1,219 | 1,170 | 1,829 | 2,005 | 1,142 | 1,108 | 1,642 | 1,925 | 1,103 | 996 | 1,457 | 1,726 | 680 | 791 | 1,364 | 1,445 | 986 | 740 |
Interest Income | 3 | 17 | 21 | 25 | 12 | 24 | 31 | 13 | 13 | 38 | 37 | 17 | 13 | 16 | 3 | 3 | 3 | 27 | 18 | 14 |
Interest Expense | -250 | -240 | -235 | -237 | -243 | -245 | -231 | -154 | -156 | -159 | -151 | -145 | -146 | -136 | -127 | -118 | -114 | -110 | -109 | -107 |
Other Non-Operating Income (Expense) | 50 | 50 | 51 | 52 | 48 | 43 | 67 | 68 | 66 | 67 | 59 | 62 | 60 | 58 | 57 | 57 | 59 | 62 | 66 | 69 |
Total Non-Operating Income (Expense) | -197 | -173 | -163 | -160 | -183 | -178 | -133 | -73 | -77 | -54 | -55 | -66 | -73 | -62 | -67 | -58 | -52 | -21 | -25 | -24 |
Pretax Income | 1,702 | 1,581 | 1,056 | 1,010 | 1,646 | 1,827 | 1,009 | 1,035 | 1,565 | 1,871 | 1,048 | 930 | 1,384 | 1,664 | 613 | 733 | 1,312 | 1,424 | 961 | 716 |
Provision for Income Taxes | 411 | 395 | 222 | 253 | 415 | 415 | 208 | 283 | 425 | 447 | 283 | 192 | 337 | 412 | 142 | 181 | 334 | 338 | 154 | 174 |
Net Income | 1,291 | 1,186 | 834 | 757 | 1,231 | 1,412 | 801 | 752 | 1,140 | 1,424 | 765 | 738 | 1,047 | 1,252 | 471 | 552 | 978 | 1,086 | 807 | 542 |
Minority Interest in Earnings | 25 | 40 | 13 | 10 | 20 | 31 | 13 | 5 | 15 | 24 | 9 | 8 | 12 | 17 | 5 | 6 | 11 | 15 | 4 | 5 |
Net Income to Common | 1,266 | 1,146 | 821 | 747 | 1,211 | 1,381 | 788 | 747 | 1,125 | 1,400 | 756 | 730 | 1,035 | 1,235 | 466 | 546 | 967 | 1,071 | 803 | 537 |
Net Income Growth (YoY) | 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% | 69.94% |
Shares Outstanding (Basic) | 480 | 484 | 487 | 491 | 492 | 492 | 491 | 492 | 492 | 493 | 493 | 494 | 495 | 495 | 496 | 498 | 501 | 503 | 504 | 506 |
Shares Outstanding (Diluted) | 482 | 486 | 490 | 494 | 495 | 495 | 496 | 496 | 496 | 496 | 496 | 499 | 499 | 500 | 501 | 503 | 506 | 509 | 511 | 513 |
Shares Change (YoY) | -2.63% | -1.82% | -1.21% | -0.40% | -0.20% | -0.20% | - | -0.60% | -0.60% | -0.80% | -1.00% | -0.80% | -1.38% | -1.77% | -1.96% | -1.95% | -1.36% | -0.97% | -0.39% | 0.98% |
EPS (Basic) | 2.64 | 2.37 | 1.69 | 1.52 | 2.46 | 2.81 | 1.60 | 1.52 | 2.28 | 2.84 | 1.53 | 1.48 | 2.09 | 2.50 | 0.94 | 1.10 | 1.93 | 2.12 | 1.59 | 1.06 |
EPS (Diluted) | 2.63 | 2.36 | 1.68 | 1.51 | 2.45 | 2.79 | 1.59 | 1.51 | 2.27 | 2.82 | 1.52 | 1.47 | 2.07 | 2.47 | 0.93 | 1.09 | 1.91 | 2.10 | 1.57 | 1.05 |
EPS Growth (YoY) | 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% |
Free Cash Flow | 1,451 | -750 | 2,056 | 2,010 | 1,612 | -677 | 1,880 | 1,839 | 1,135 | -868 | 1,663 | 1,709 | 1,373 | -903 | 1,399 | 1,255 | 1,165 | -824 | 1,304 | 1,207 |
Free Cash Flow Growth (YoY) | -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% |
Free Cash Flow Per Share | 3.01 | -1.54 | 4.20 | 4.07 | 3.26 | -1.37 | 3.79 | 3.71 | 2.29 | -1.75 | 3.35 | 3.42 | 2.75 | -1.81 | 2.79 | 2.50 | 2.30 | -1.62 | 2.55 | 2.35 |
Dividends Per Share | 0.990 | 0.900 | 0.900 | 0.900 | 0.900 | 0.815 | 0.815 | 0.815 | 0.815 | 0.710 | 0.710 | 0.710 | 0.710 | 0.590 | 0.590 | 0.590 | 0.590 | 0.535 | 0.535 | 0.535 |
Dividend Growth (YoY) | 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% |
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% |
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% |
EBITDA | 2,201 | 2,057 | 1,523 | 1,468 | 2,132 | 2,305 | 1,417 | 1,362 | 1,883 | 2,181 | 1,362 | 1,248 | 1,705 | 1,968 | 1,063 | 1,031 | 1,607 | 1,702 | 1,250 | 1,002 |
EBITDA Margin | 29.73% | 27.08% | 23.09% | 23.11% | 30.57% | 32.64% | 23.36% | 23.91% | 30.27% | 33.69% | 24.52% | 23.19% | 29.02% | 33.22% | 21.17% | 21.61% | 29.88% | 30.67% | 24.33% | 21.86% |
EBIT | 1,899 | 1,754 | 1,219 | 1,170 | 1,829 | 2,005 | 1,142 | 1,108 | 1,642 | 1,925 | 1,103 | 996 | 1,457 | 1,726 | 680 | 791 | 1,364 | 1,445 | 986 | 740 |
EBIT 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% |
Effective Tax Rate | 24.15% | 24.98% | 21.02% | 25.05% | 25.21% | 22.71% | 20.61% | 27.34% | 27.16% | 23.89% | 27.00% | 20.65% | 24.35% | 24.76% | 23.16% | 24.69% | 25.46% | 23.74% | 16.02% | 24.30% |