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Company research / MRSH

Marsh & McLennan Companies, Inc. (MRSH)

Formerly traded as MMC.

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SEC name MARSH & MCLENNAN COMPANIES, INC. · CIK 0000062709 · NYSE · Insurance Agents, Brokers & Service

  • Sector Finance & Real Estate
  • Incorporated DE
  • Fiscal year ends Dec 31

For the year ended 2025-12-31, Marsh & McLennan Companies, Inc. reported revenue of $26.98B. Revenue grew 10.3% from the prior annual period. Over the twelve months to 2026-09-30, revenue was $28.46B.

Key ratios (year ended 2025-12-31)

23.1%
Operating margin
15.4%
Net margin
27.2%
Return on year-end equity
10.3%
Revenue growth (YoY)

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Latest selected filing: Form 10-Q (quarterly report) · 2026-10-15

Headquarters locality: New York City · View on map

Annual financials

Annual flows and balances are grouped by their actual period end. Select a figure to open its SEC filing. n/a means a matching observation is unavailable. Free cash flow is operating cash flow minus capital expenditures, and EBITDA is operating income plus depreciation and amortization, for the same period, computed by TickerFacts.

The first column covers the twelve months to 2026-09-30 from the latest quarterly report: flows are the last fiscal year plus this year to date minus the same months a year earlier, and balances are as of that date. Per-share figures are annual only.

Period endedTTM to
2026-09-30		2025-12-312024-12-312023-12-312022-12-312021-12-312020-12-312019-12-312018-12-312017-12-312016-12-31
Revenue$28.46B$26.98B$24.46B$22.74B$20.72B$19.82B$17.22B$16.65B$14.95B$14.02B$13.21B
Operating Income$6.09B$6.22B$5.82B$5.28B$4.28B$4.31B$3.07B$2.68B$2.76B$2.65B$2.43B
Depreciation & Amortization$359.00M$361.00M$369.00M$370.00M$381.00M$747.00M$741.00M$647.00M$494.00M$481.00M$438.00M
EBITDA$6.45B$6.58B$6.19B$5.65B$4.66B$5.06B$3.81B$3.32B$3.25B$3.14B$2.87B
Net Income$4.04B$4.16B$4.06B$3.76B$3.05B$3.14B$2.02B$1.74B$1.65B$1.49B$1.77B
EPS (Diluted)n/a$8.43$8.18$7.53$6.04$6.13$3.94$3.41$3.23$2.87$3.38
Total Assets$59.81B$58.71B$56.48B$48.03B$44.11B$44.01B$33.05B$31.36B$21.58B$20.43B$18.19B
Long-Term Debt$18.91B$19.59B$19.95B$13.46B$11.49B$10.95B$11.31B$11.96B$5.82Bn/an/a
Shareholders' Equity$14.91B$15.31B$13.54B$12.37B$10.75B$11.22B$9.26B$7.94B$7.58B$7.44B$6.27B
Cash & Equivalents$1.84B$2.69B$2.40B$3.36B$1.44B$1.75B$2.09B$1.16B$1.07B$1.21B$1.03B
Operating Cash Flow$4.47B$5.29B$4.30B$4.26B$3.46B$3.52B$3.38B$2.36B$2.43B$1.89B$2.01B
Capital Expenditures$320.00M$291.00M$316.00M$416.00M$470.00M$406.00M$348.00M$421.00M$314.00M$302.00M$253.00M
Free Cash Flow$4.15B$5.00B$3.99B$3.84B$3.00B$3.11B$3.03B$1.94B$2.11B$1.59B$1.75B
Share Repurchases$3.03B$2.01B$900.00M$1.15B$1.95B$1.16B$0$485.00M$675.00M$900.00M$800.00M
Dividends Paid$1.80B$1.70B$1.51B$1.30B$1.14B$1.03B$943.00M$890.00M$807.00M$740.00M$682.00M
Shares Outstanding475.00M485.00M491.00M492.00M495.00M504.00M508.00M504.00M504.00M509.00M514.00M
Dividends Per Sharen/a$3.43$3.05$2.60$2.25n/an/an/an/an/an/a
Weighted Average Diluted Sharesn/a494.00M496.00M499.00M505.00M513.00M512.00M511.00M511.00M519.00M524.00M
EPS (Basic)n/a$8.48$8.26$7.60$6.11$6.20$3.98$3.44$3.26$2.91$3.41

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