Marsh & McLennan Companies, Inc. (MRSH)

MRSH Financials

MRSH Quarterly Income Statement (USD)

Quarterly Report	TTM	03/31/2026	12/31/2025	09/30/2025	06/30/2025	03/31/2025	12/31/2024	09/30/2024	06/30/2024
Revenue	27.517B	7.597B	6.595B	6.351B	6.974B	7.061B	6.067B	5.697B	6.221B
Cost of Goods Sold	15.857B	4.130B	3.938B	3.894B	3.895B	3.850B	3.630B	3.442B	3.454B
Gross Profit	11.660B	3.467B	2.657B	2.457B	3.079B	3.211B	2.437B	2.255B	2.767B
Gross Profit Margin	45.6%	45.6%	40.3%	38.7%	44.1%	45.5%	40.2%	39.6%	44.5%
Total Operating Expenses	5.688B	1.713B	1.438B	1.287B	1.250B	1.206B	1.295B	1.147B	1.125B
Research & Development	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Selling, General & Administrative	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Income (EBIT)	5.972B	1.754B	1.219B	1.170B	1.829B	2.005B	1.142B	1.108B	1.642B
Operating Margin	23.1%	23.1%	18.5%	18.4%	26.2%	28.4%	18.8%	19.4%	26.4%
Income Before Tax (EBT)	5.293B	1.581B	1.056B	1.010B	1.646B	1.827B	1.009B	1.035B	1.565B
Interest Income	40.000M	11.000M	14.000M	10.000M	5.000M	19.000M	22.000M	12.000M	12.000M
Interest Expense	955.000M	240.000M	235.000M	237.000M	243.000M	245.000M	231.000M	154.000M	156.000M
Other Income/Expense	-679.000M	-173.000M	-163.000M	-160.000M	-183.000M	-178.000M	-133.000M	-73.000M	-77.000M
Net Income	3.925B	1.146B	821.000M	747.000M	1.211B	1.381B	788.000M	747.000M	1.125B
Income Tax Expense	1.285B	395.000M	222.000M	253.000M	415.000M	415.000M	208.000M	283.000M	425.000M
Net Profit Margin	15.1%	15.1%	12.4%	11.8%	17.4%	19.6%	13.0%	13.1%	18.1%
EBITDA	6.677B	1.581B	1.505B	1.471B	2.120B	2.299B	1.441B	1.369B	1.897B
EBITDA Margin	20.8%	20.8%	22.8%	23.2%	30.4%	32.6%	23.8%	24.0%	30.5%
Depreciation & Amortization	923.000M	240.000M	228.000M	224.000M	231.000M	227.000M	201.000M	180.000M	176.000M
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	484.000M	484.000M	487.000M	491.000M	492.000M	492.000M	492.000M	492.000M	492.000M
Diluted Shares Outstanding	486.000M	486.000M	490.000M	494.000M	495.000M	495.000M	496.000M	496.000M	496.000M

MRSH Annual Income Statement (USD)

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	26.981B	24.458B	22.736B	20.720B	19.820B	17.224B	16.652B	14.950B
Cost of Goods Sold	15.577B	13.996B	13.099B	12.071B	11.425B	10.129B	9.734B	8.605B
Gross Profit	11.404B	10.462B	9.637B	8.649B	8.395B	7.095B	6.918B	6.345B
Gross Profit Margin	42.3%	42.8%	42.4%	41.7%	42.4%	41.2%	41.5%	42.4%
Total Operating Expenses	5.181B	4.645B	4.355B	4.369B	4.083B	4.029B	4.241B	3.584B
Research & Development	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Selling, General & Administrative	0.00	0.00	0.00	0.00	0.00	0.00	9.734B	8.605B
Operating Income (EBIT)	6.223B	5.817B	5.282B	4.280B	4.312B	3.066B	2.677B	2.761B
Operating Margin	23.1%	23.8%	23.2%	20.7%	21.8%	17.8%	16.1%	18.5%
Income Before Tax (EBT)	5.539B	5.480B	5.026B	4.082B	4.208B	2.793B	2.439B	2.244B
Interest Income	48.000M	83.000M	78.000M	15.000M	2.000M	7.000M	39.000M	11.000M
Interest Expense	960.000M	700.000M	578.000M	469.000M	444.000M	515.000M	524.000M	290.000M
Other Income/Expense	-684.000M	-337.000M	-256.000M	-198.000M	-104.000M	-273.000M	-238.000M	-517.000M
Net Income	4.160B	4.060B	3.756B	3.050B	3.143B	2.016B	1.742B	1.650B
Income Tax Expense	1.305B	1.363B	1.224B	995.000M	1.034B	747.000M	666.000M	574.000M
Net Profit Margin	15.4%	16.6%	16.5%	14.7%	15.9%	11.7%	10.5%	11.0%
EBITDA	7.395B	6.926B	6.317B	5.270B	5.399B	4.049B	3.610B	3.028B
EBITDA Margin	27.4%	28.3%	27.8%	25.4%	27.2%	23.5%	21.7%	20.3%
Depreciation & Amortization	910.000M	746.000M	713.000M	719.000M	747.000M	741.000M	647.000M	494.000M
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	487.000M	492.000M	494.000M	499.000M	507.000M	506.000M	506.000M	506.000M
Diluted Shares Outstanding	490.000M	496.000M	499.000M	505.000M	513.000M	512.000M	511.000M	511.000M

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

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

About Marsh & McLennan Companies, Inc.

Marsh & McLennan Companies, Inc. (MRSH) functions as a leading professional services organization, delivering expert guidance and innovative solutions to clients across the vital domains of risk management, strategic planning, and human capital. Based in New York City, the firm maintains a substantial global workforce, employing approximately 65,000 full-time professionals. This entity serves as the parent company for several prominent advisory and consulting brands. These include Marsh, renowned for its insurance brokerage services; Guy Carpenter, a specialist in risk and reinsurance; Mercer, which provides comprehensive human resources and investment-related financial advice; and Oliver Wyman Group, an influential management and economic consultancy. Marsh & McLennan structures its operations into two core business segments. The "Risk and Insurance Services" division encompasses activities such as risk management, along with comprehensive insurance and reinsurance brokerage and services. The "Consulting" division offers a broad spectrum of services, including health, retirement, talent, and investment consulting, as well as specialized advice in management, economics, and brand strategy. The Risk and Insurance Services segment's operations are primarily conducted through Marsh and Guy Carpenter, while Mercer and Oliver Wyman Group are the key contributors to the Consulting segment's offerings.

New York City, NY

90,000 employees

www.corporate.marsh.com/global/home.html

Financial Services / Insurance - Brokers

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

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