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; ...
Revenue
$6.2B
Gross Profit
N/A
Operating Profit
$1.6B
Net Profit
$1.1B
Gross Margin
N/A
Operating Margin
26.4%
Net Margin
18.1%
YoY Growth
5.9%
EPS
$2.27
Financial Flow
MARSH & MCLENNAN COMPANIES, INC. Q2 2024 Financial Summary
MARSH & MCLENNAN COMPANIES, INC. reported revenue of $6.2B (up 5.9% YoY) for Q2 2024, with a net profit of $1.1B (up 8.7% YoY) (18.1% margin). Cost of goods sold was N/A.
Key Financial Metrics
| Total Revenue | $6.2B |
|---|---|
| Net Profit | $1.1B |
| Gross Margin | N/A |
| Operating Margin | 26.4% |
| Report Period | Q2 2024 |
Revenue Breakdown
MARSH & MCLENNAN COMPANIES, INC. Q2 2024 revenue of $6.2B breaks down across 5 segments, led by Marsh Insurance Group at $3.3B (53.7% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Marsh Insurance Group | $3.3B | 53.7% |
| Mercer Consulting Group | $1.4B | 22.2% |
| Oliver Wyman Group Consulting Group | $837.0M | 13.5% |
| Guy Carpenter | $632.0M | 10.2% |
| Current Fiscal Period Acquisitions | $48.0M | 0.8% |
MARSH & MCLENNAN COMPANIES, INC. Revenue by Segment — Quarterly Trend
MARSH & MCLENNAN COMPANIES, INC. revenue by segment across the last 4 reported quarters, showing how each business line (such as Marsh Insurance Group and Mercer Consulting Group) has evolved quarter over quarter.
| Segment | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 |
|---|---|---|---|---|
| Marsh Insurance Group | $3.6B | $3.4B | $3.8B | — |
| Mercer Consulting Group | — | $1.6B | $1.5B | $1.5B |
| Oliver Wyman Group Consulting Group | — | $886.0M | — | $818.0M |
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).
| Year | Annual Revenue |
|---|---|
| 2025 | $27.0B |
| 2024 | $24.5B |
| 2023 | $22.7B |
| 2022 | $20.7B |
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 |
|---|---|---|---|---|
| Q4 2025 | $6.6B | +8.7% | $821.0M | 12.4% |
| Q3 2025 | $6.4B | +11.5% | $747.0M | 11.8% |
| Q2 2025 | $7.0B | +12.1% | $1.2B | 17.4% |
| Q1 2025 | $7.1B | +9.1% | $1.4B | 19.6% |
| Q4 2024 | $6.1B | +9.2% | $788.0M | 13.0% |
| Q3 2024 | $5.7B | +5.9% | $747.0M | 13.1% |
| Q2 2024 | $6.2B | +5.9% | $1.1B | 18.1% |
| Q1 2024 | $6.5B | +9.3% | $1.4B | 21.6% |
Income Statement
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $6.47B | $6.22B | $5.70B | $6.07B | $7.06B | $6.97B | $6.35B | $6.59B |
| YoY Growth | 9.3% | 5.9% | 5.9% | 9.2% | 9.1% | 12.1% | 11.5% | 8.7% |
Balance Sheet
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $47.57B | $48.59B | $49.86B | $56.48B | $57.02B | $58.55B | $58.78B | $58.71B |
| Liabilities | $34.95B | $35.03B | $35.98B | $42.95B | $42.75B | $42.58B | $43.42B | $43.40B |
| Equity | $12.62B | $13.56B | $13.88B | $13.54B | $14.27B | $15.98B | $15.36B | $15.31B |
Cash Flow
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $-781.0M | $1.22B | $1.91B | $1.96B | $-622.0M | $1.67B | $2.08B | $2.16B |