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

Marsh & McLennan Companies, Inc. (MRSH)MRSHMarsh & McLennan Companies, Inc.

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

95,000 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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Financials

SEC Filings

Quarterly Income Statement (USD)

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

Quarterly Report	TTM	Quarter ended Jun 2026	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
Revenue	27.95B	7.40B	7.60B	6.59B	6.35B	6.97B	7.06B	6.07B	5.70B
Cost of Goods Sold	16.10B	4.14B	4.13B	3.94B	3.89B	3.90B	3.85B	3.63B	3.44B
Gross Profit	11.84B	3.26B	3.47B	2.66B	2.46B	3.08B	3.21B	2.44B	2.25B
Gross Profit Margin	42.4%	44.1%	45.6%	40.3%	38.7%	44.1%	45.5%	40.2%	39.6%
Total Operating Expenses	5.80B	1.36B	1.71B	1.44B	1.29B	1.25B	1.21B	1.29B	1.15B
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)	6.04B	1.90B	1.75B	1.22B	1.17B	1.83B	2.00B	1.14B	1.11B
Operating Margin	21.6%	25.6%	23.1%	18.5%	18.4%	26.2%	28.4%	18.8%	19.4%
Income Before Tax (EBT)	5.35B	1.70B	1.58B	1.06B	1.01B	1.65B	1.83B	1.01B	1.03B
Interest Income	43.00M	8.00M	11.00M	14.00M	10.00M	5.00M	19.00M	22.00M	12.00M
Interest Expense	962.00M	250.00M	240.00M	235.00M	237.00M	243.00M	245.00M	231.00M	154.00M
Other Income/Expense	-693.00M	-197.00M	-173.00M	-163.00M	-160.00M	-183.00M	-178.00M	-133.00M	-73.00M
Net Income	3.98B	1.27B	1.15B	821.00M	747.00M	1.21B	1.38B	788.00M	747.00M
Income Tax Expense	1.28B	411.00M	395.00M	222.00M	253.00M	415.00M	415.00M	208.00M	283.00M
Net Profit Margin	14.2%	17.1%	15.1%	12.4%	11.8%	17.4%	19.6%	13.0%	13.1%
EBITDA	6.73B	1.90B	1.99B	1.45B	1.39B	2.06B	2.23B	1.34B	1.29B
EBITDA Margin	24.1%	25.6%	26.2%	21.9%	21.9%	29.5%	31.6%	22.1%	22.6%
Depreciation & Amortization	692.00M	0.00	240.00M	228.00M	224.00M	231.00M	227.00M	201.00M	180.00M
EPS Basic	8.21	2.63	2.37	1.69	1.52	2.46	2.81	1.60	1.52
EPS Diluted	8.18	2.63	2.36	1.68	1.51	2.45	2.79	1.59	1.51
Shares Outstanding	482.00M	482.00M	484.00M	487.00M	491.00M	492.00M	492.00M	492.00M	492.00M
Diluted Shares Outstanding	484.00M	484.00M	486.00M	490.00M	494.00M	495.00M	495.00M	496.00M	496.00M

Annual Income Statement (USD)

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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	15.58B	14.00B	13.10B	12.07B	11.43B	10.13B	9.73B	8.61B
Gross Profit	11.40B	10.46B	9.64B	8.65B	8.39B	7.09B	6.92B	6.34B
Gross Profit Margin	42.3%	42.8%	42.4%	41.7%	42.4%	41.2%	41.5%	42.4%
Total Operating Expenses	5.18B	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)	5.54B	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	-684.00M	-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	1.30B	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	487.00M	492.00M	494.00M	499.00M	507.00M	506.00M	506.00M	506.00M
Diluted Shares Outstanding	490.00M	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.