Marsh & McLennan Companies (MMC) Financials: History & Chart

Marsh & McLennan Companies, Inc. (MMC)MMCMarsh & McLennan Companies, Inc.

About Marsh & McLennan Companies, Inc.

Marsh & McLennan Companies (MMC) operates as a leading global professional services organization, delivering expert guidance and innovative solutions to clients worldwide across the critical domains of risk, strategic planning, and human capital. Its operations are bifurcated into two primary divisions: Risk and Insurance Services, and Consulting. The Risk and Insurance Services arm provides an extensive range of risk management capabilities, encompassing strategic risk advice, risk transfer mechanisms, and solutions for risk control and mitigation. This segment is also proficient in insurance and reinsurance brokerage, offers sophisticated catastrophe and financial modeling, delivers associated advisory services, and manages insurance programs. Its diverse clientele includes businesses, governmental bodies, insurance companies, associations, specialized professional service organizations, and private individuals. Conversely, the Consulting division specializes in advisory services and products related to health, wealth, and career development. It also extends its expertise to specialized management, economic analysis, and brand strategy consulting. Founded in 1871, Marsh & McLennan Companies, Inc. maintains its corporate headquarters in New York, New York.

New York City, NY

90,000 employees

www.mmc.com

Financial Services / Insurance - Brokers

Sector: Financial Services
Industry: Insurance - Brokers
CEO: John Quinlan Doyle

View full financials

Financials

SEC Filings

Quarterly Income Statement (USD)

Swipe horizontally to review earlier periods. The line-item column stays pinned.

Quarterly Report	TTM	Quarter ended Mar 2026	Quarter ended Dec 2025	Quarter ended Sep 2025	Quarter ended Jun 2025	Quarter ended Mar 2025	Quarter ended Dec 2024	Quarter ended Sep 2024	Quarter ended Jun 2024
Revenue	27.52B	7.60B	6.59B	6.35B	6.97B	7.06B	6.07B	5.70B	6.22B
Cost of Goods Sold	7.79B	0.00	0.00	3.89B	3.90B	3.85B	3.63B	3.44B	3.45B
Gross Profit	5.54B	0.00	0.00	2.46B	3.08B	3.21B	2.44B	2.25B	2.77B
Gross Profit Margin	20.1%	0.0%	0.0%	38.7%	44.1%	45.5%	40.2%	39.6%	44.5%
Total Operating Expenses	13.76B	5.84B	5.38B	1.29B	1.25B	1.21B	1.29B	1.15B	1.13B
Research & Development	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Selling, General & Administrative	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Income (EBIT)	5.97B	1.75B	1.22B	1.17B	1.83B	2.00B	1.14B	1.11B	1.64B
Operating Margin	21.7%	23.1%	18.5%	18.4%	26.2%	28.4%	18.8%	19.4%	26.4%
Income Before Tax (EBT)	5.29B	1.58B	1.06B	1.01B	1.65B	1.83B	1.01B	1.03B	1.56B
Interest Income	40.00M	11.00M	14.00M	10.00M	5.00M	19.00M	22.00M	12.00M	12.00M
Interest Expense	475.00M	-240.00M	235.00M	237.00M	243.00M	245.00M	231.00M	154.00M	156.00M
Other Income/Expense	-679.00M	-173.00M	-163.00M	-160.00M	-183.00M	-178.00M	-133.00M	-73.00M	-77.00M
Net Income	3.92B	1.15B	821.00M	747.00M	1.21B	1.38B	788.00M	747.00M	1.13B
Income Tax Expense	1.28B	395.00M	222.00M	253.00M	415.00M	415.00M	208.00M	283.00M	425.00M
Net Profit Margin	14.3%	15.1%	12.4%	11.8%	17.4%	19.6%	13.0%	13.1%	18.1%
EBITDA	6.88B	1.98B	1.45B	1.39B	2.06B	2.23B	1.34B	1.29B	1.82B
EBITDA Margin	25.0%	26.1%	21.9%	21.9%	29.5%	31.6%	22.1%	22.6%	29.2%
Depreciation & Amortization	910.00M	227.00M	228.00M	224.00M	231.00M	227.00M	201.00M	180.00M	176.00M
EPS Basic	8.04	2.37	1.69	1.52	2.46	2.81	1.60	1.52	2.29
EPS Diluted	8.00	2.36	1.68	1.51	2.45	2.79	1.59	1.51	2.27
Shares Outstanding	484.00M	484.00M	487.00M	491.00M	492.00M	492.00M	492.00M	492.00M	492.00M
Diluted Shares Outstanding	486.00M	486.00M	490.00M	494.00M	495.00M	495.00M	496.00M	496.00M	496.00M

Annual Income Statement (USD)

Swipe horizontally to review earlier years. The line-item column stays pinned.

Annual Report	12/31/2025	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018
Revenue	26.98B	24.46B	22.74B	20.72B	19.82B	17.22B	16.65B	14.95B
Cost of Goods Sold	0.00	14.00B	13.10B	12.07B	11.43B	10.13B	9.73B	8.61B
Gross Profit	26.98B	10.46B	9.64B	8.65B	8.39B	7.09B	6.92B	6.34B
Gross Profit Margin	100.0%	42.8%	42.4%	41.7%	42.4%	41.2%	41.5%	42.4%
Total Operating Expenses	20.76B	4.64B	4.36B	4.37B	4.08B	4.03B	4.24B	3.58B
Research & Development	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Selling, General & Administrative	0.00	0.00	0.00	0.00	0.00	0.00	9.73B	8.61B
Operating Income (EBIT)	6.22B	5.82B	5.28B	4.28B	4.31B	3.07B	2.68B	2.76B
Operating Margin	23.1%	23.8%	23.2%	20.7%	21.8%	17.8%	16.1%	18.5%
Income Before Tax (EBT)	-21.44B	5.48B	5.03B	4.08B	4.21B	2.79B	2.44B	2.24B
Interest Income	48.00M	83.00M	78.00M	15.00M	2.00M	7.00M	39.00M	11.00M
Interest Expense	960.00M	700.00M	578.00M	469.00M	444.00M	515.00M	524.00M	290.00M
Other Income/Expense	-27.66B	-337.00M	-256.00M	-198.00M	-104.00M	-273.00M	-238.00M	-517.00M
Net Income	4.16B	4.06B	3.76B	3.05B	3.14B	2.02B	1.74B	1.65B
Income Tax Expense	-25.68B	1.36B	1.22B	995.00M	1.03B	747.00M	666.00M	574.00M
Net Profit Margin	15.4%	16.6%	16.5%	14.7%	15.9%	11.7%	10.5%	11.0%
EBITDA	7.13B	6.56B	6.00B	5.00B	5.06B	3.81B	3.32B	3.25B
EBITDA Margin	26.4%	26.8%	26.4%	24.1%	25.5%	22.1%	20.0%	21.8%
Depreciation & Amortization	910.00M	746.00M	713.00M	719.00M	747.00M	741.00M	647.00M	494.00M
EPS Basic	8.48	8.25	7.60	6.11	6.20	3.98	3.44	3.26
EPS Diluted	8.43	8.18	7.53	6.04	6.13	3.94	3.41	3.23
Shares Outstanding	491.00M	492.00M	494.00M	499.00M	507.00M	506.00M	506.00M	506.00M
Diluted Shares Outstanding	494.00M	496.00M	499.00M	505.00M	513.00M	512.00M	511.00M	511.00M

Values are displayed in USD. Negative numbers shown in red.

Values are displayed in USD. Negative numbers are shown in red.