MARSH & MCLENNAN COMPANIES, INC.MRSHEarnings & Financial Report
Marsh & McLennan Companies, Inc., doing business as Marsh McLennan and Marsh, is a global professional services firm, headquartered in New York City with businesses in insurance brokerage, risk management, reinsurance services, talent management, investment advisory, and management consulting. Its four main operating companies are Marsh, which offers risk management, insurance broking, insurance program management, risk consulting, analytical modeling and alternative risk financing services; ...
MRSH Q1 FY2026 Key Financial Metrics
Revenue
$7.6B
Gross Profit
N/A
Operating Profit
$1.8B
Net Profit
$1.1B
Gross Margin
N/A
Operating Margin
23.1%
Net Margin
15.1%
YoY Growth
7.6%
MARSH & MCLENNAN COMPANIES, INC. Q1 FY2026 Financial Summary
MARSH & MCLENNAN COMPANIES, INC. reported revenue of $7.6B (up 7.6% YoY) for Q1 FY2026, with a net profit of $1.1B (15.1% margin).
Key Financial Metrics
| Total Revenue | $7.6B |
|---|---|
| Net Profit | $1.1B |
| Gross Margin | N/A |
| Operating Margin | 23.1% |
| Report Period | Q1 FY2026 |
Revenue Breakdown
MARSH & MCLENNAN COMPANIES, INC. Q1 FY2026 revenue of $7.6B breaks down across 4 segments, led by Marsh Risk at $3.7B (49.0% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Marsh Risk | $3.7B | 49.0% |
| Mercer | $1.7B | 21.9% |
| Guy Carpenter | $1.2B | 16.3% |
| Marsh Management Consulting | $897.0M | 11.8% |
MARSH & MCLENNAN COMPANIES, INC. Annual Revenue by Year
MARSH & MCLENNAN COMPANIES, INC. annual revenue history includes year-by-year totals (for example, 2025 revenue was $27.0B).
MARSH & MCLENNAN COMPANIES, INC. Quarterly Revenue & Net Profit History
MARSH & MCLENNAN COMPANIES, INC. results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q1 FY2026 | $7.6B | +7.6% | $1.1B | 15.1% |
| Q4 FY2025 | $6.6B | +8.7% | $821.0M | 12.4% |
| Q3 FY2025 | $6.4B | +11.5% | $747.0M | 11.8% |
| Q2 FY2025 | $7.0B | +12.1% | $1.2B | 17.4% |
| Q1 FY2025 | $7.1B | +9.1% | $1.4B | 19.6% |
| Q4 FY2024 | $6.1B | +9.2% | $788.0M | 13.0% |
| Q3 FY2024 | $5.7B | +5.9% | $747.0M | 13.1% |
| Q2 FY2024 | $6.2B | +5.9% | $1.1B | 18.1% |
Income Statement
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $6.22B | $5.70B | $6.07B | $7.06B | $6.97B | $6.35B | $6.59B | $7.60B |
| YoY Growth | 5.9% | 5.9% | 9.2% | 9.1% | 12.1% | 11.5% | 8.7% | 7.6% |
Balance Sheet
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $48.59B | $49.86B | $56.48B | $57.02B | $58.55B | $58.78B | $58.71B | $58.6M |
| Liabilities | $35.03B | $35.98B | $42.95B | $42.75B | $42.58B | $43.42B | $43.40B | $43.7M |
| Equity | $13.56B | $13.88B | $13.54B | $14.27B | $15.98B | $15.36B | $15.31B | $14.8M |
Cash Flow
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|
| Operating CF | $1.22B | $1.91B | $1.96B | $-622.0M | $1.67B | $2.08B | $2.16B |