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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 Financials Overview

Millions USD. Fiscal year is Jan - Dec.

Revenue & Profits
Chart
Fiscal Quarter
Q3 2026Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021
Period EndingSep '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
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%
Gross Profit
2,8333,3133,5492,8122,5093,1273,2542,6672,3232,8333,0702,5442,1572,5992,7242,1521,9042,4282,5112,336
Operating Income
1,2631,9491,8491,6781,2221,8772,0481,6041,1761,7081,9951,5271,0631,5271,7501,1938481,4231,5071,215
Net Income
8081,2661,1468217471,2111,3817887471,1251,4007567301,0351,2354665469671,071803
Earnings Per Share
1.692.632.361.681.512.452.791.591.512.272.821.521.472.072.470.931.081.912.101.58
EPS Growth
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%

Revenue by Segment
Chart
Fiscal Quarter
Q3 2026Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021
Period EndingSep '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
EMEA
9941,0631,2089348131,0061,0598467479121,025780692858932733615780869713
Asia Pacific
384439369355361409335345342391336315311357312288286347294560
Latin America
147153136178137132124179134137125173134137115162118118104155
US / Canada
2,2012,4162,0132,1972,0892,3021,9351,9641,7111,8251,5171,6281,5631,6861,3851,5281,4511,5331,2791,448
Reinsurance
3746641,2402153986771,2062013816321,1482523595761,071171328522999170
Fiduciary Interest Income
100888592109991031121381251221231311089163401343
Investments and Retirement
762740752759705685670675625612672654635637581591561597617648
Health and Benefits
578611661527555594608495520547538502496518545455451587524457
Workforce and Rewards
332247248331319219218317307220215288294219218283272205202272
Management Consulting
1,0131,0048971,027886873818954810837789856781798687765667695667722
Revenue (Total)
6,8637,4047,5976,5956,3516,9747,0616,0675,6976,2216,4735,5545,3825,8765,9245,0224,7705,3795,5495,137

Cash & Debt
Chart
Fiscal Quarter
Q3 2026Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021
Period EndingSep '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
Cash & Investments
1,8421,7001,6112,6872,5111,6771,6042,3981,7981,6531,4523,3582,9011,1711,0061,4428029097721,752
Total Debt
22,33222,38222,45121,44921,42621,61022,41921,86214,77915,43515,37915,43615,59514,63014,98113,47213,28413,86413,90513,162
Net Cash (Debt)
-20,490-20,682-20,840-18,762-18,915-19,933-20,815-19,464-12,981-13,782-13,927-12,078-12,694-13,459-13,975-12,030-12,482-12,955-13,133-11,410
Net Cash Growth
--------------------
Net Cash Per Share
-42.78-42.91-42.88-38.29-38.29-40.27-42.05-39.24-26.17-27.79-28.02-24.25-25.44-26.97-27.95-24.01-24.82-25.60-25.80-22.33

Cash Flow & CapEx
Chart
Fiscal Quarter
Q3 2026Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021
Period EndingSep '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
Operating Cash Flow
1,4781,523-6882,1612,0821,671-6221,9561,9121,215-7811,7831,8101,484-8191,5021,3831,282-7021,442
Capital Expenditures
-81-72-62-105-72-59-55-76-73-80-87-120-111-101-84-103-128-117-122-138
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 Growth
-30.50%-9.99%-9.36%9.30%42.03%-13.05%8.24%-17.93%-18.87%35.38%18.71%-7.29%3.98%8.27%--0.69%

Margins
Chart
Fiscal Quarter
Q3 2026Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021
Period EndingSep '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
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%
Pretax Margin
15.05%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%
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%
FCF 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%

Dividends
Chart
Fiscal Quarter
Q3 2026Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021
Period EndingSep '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
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 Per Share Growth
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%
Dividend Yield
2.21%2.19%2.07%1.88%1.70%1.53%1.33%1.49%1.36%1.39%1.38%1.43%1.36%1.32%1.42%1.39%1.50%1.41%1.25%1.19%

Valuation
Chart
Fiscal Quarter
Q3 2026Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021
Period EndingSep '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
PE Ratio
20.1620.2321.3921.8524.0126.1029.7725.6927.2425.9325.8324.8727.1228.3525.6326.9122.0023.0726.5227.92
Forward PE
15.5615.6516.7318.3620.2822.5125.6023.0424.3123.6524.1822.3523.1123.9622.0322.7820.9722.2525.4126.23
P/FCF Ratio
19.6116.89-18.1720.5323.15-26.1729.1128.66-24.3226.2729.69-27.4125.6927.32-28.22
PS Ratio
2.862.883.053.373.754.184.804.264.584.404.354.114.234.313.913.963.583.774.224.43