MRSHNYSEInsurance Agents, Brokers & ServiceFiscal year ends December 31

MARSH & MCLENNAN COMPANIES, INC.

Financials through Q3 FY2026, quarter ended Sep 30, 2026Last filing: 10-Q on Oct 15, 2026

$188.50+0.15 (+0.08%)

Close on Oct 19, 2026

Market cap: $90.29B
P/E (TTM): 22.6
Dividend yield: 1.82%

MARSH & MCLENNAN COMPANIES, INC. income statement

Annual Quarterly TTM

Millions of USD, except per-share data. Shares in millions.

Line item	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31	FY 2020 2020-12-31	FY 2019 2019-12-31	FY 2018 2018-12-31	FY 2017 2017-12-31	FY 2016 2016-12-31	FY 2015 2015-12-31	FY 2014 2014-12-31	FY 2013 2013-12-31	FY 2012 2012-12-31	FY 2011 2011-12-31	FY 2010 2010-12-31	FY 2009 2009-12-31	FY 2008 2008-12-31	FY 2007 2007-12-31
Revenue	26,981	24,458	22,736	20,720	19,820	17,224	16,652	14,950	14,024	13,211	12,893	12,951	12,261	11,924	11,526	10,550	9,831	10,730	11,135
Operating Expenses	20,758	18,641	17,454	16,440	15,508	14,158	13,975	12,189	11,369	10,780	10,474	10,650	10,184	10,095	9,888	9,611	9,053	10,051	10,281
Operating Income	6,223	5,817	5,282	4,280	4,312	3,066	2,677	2,761	2,655	2,431	2,419	2,301	2,077	1,829	1,638	939	778	679	854
Interest Expense	960	700	578	469	444	515	524	290	237	189	163	165	167	181	199	233	241	220	267
Interest & Investment Income	48	83	78	15	2.00	7.00	39	11	9.00	5.00	13	21	18	24	28	20	17	47	95
Income from Equity Investments	–	–	–	–	–	–	12	17	–	–	–	–	–	–	–	-1.00	-6.00	-9.00	–
Merger & Restructuring Charges	222	276	301	427	70	89	112	161	40	44	28	12	22	78	51	114	–	327	–
Asset Impairment Charges	0	0	–	–	–	–	–	–	–	–	–	–	–	8.00	–	–	315	540	0
Gain (Loss) on Investments	34	12	5.00	21	61	-22	22	-12	15	0	38	37	69	24	8.00	40	-8.00	-20	176
Gain (Loss) on Sale of Assets	–	–	–	–	–	–	–	–	–	6.00	–	–	–	–	–	–	–	–	–
Legal Settlements	–	–	–	-30	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Pretax Income	5,539	5,480	5,026	4,082	4,208	2,793	2,439	2,244	2,643	2,480	2,307	2,057	1,973	1,696	1,404	769	552	494	–
Income Tax Expense	1,305	1,363	1,224	995	1,034	747	666	574	1,133	685	671	586	594	492	422	204	21	113	298
Income from Continuing Operations	–	–	–	–	–	–	1,742	1,650	1,490	1,768	1,599	1,439	1,351	1,179	960	565	531	381	557
Income from Discontinued Operations	–	–	–	–	–	–	0	0	2.00	0	0	26	6.00	-3.00	33	306	-290	-443	1,932
Net Income incl. Noncontrolling Interests	4,234	4,117	3,802	3,087	3,174	2,046	1,773	1,670	1,512	1,795	1,636	1,497	1,385	1,201	1,015	871	241	-62	2,489
Minority Interest in Earnings	74	57	46	37	31	30	31	20	20	27	37	32	28	25	22	16	14	11	14
Net Income	4,160	4,060	3,756	3,050	3,143	2,016	1,742	1,650	1,492	1,768	1,599	1,465	1,357	1,176	993	855	227	-73	2,475
EPS (Basic)(per share)	8.48	8.26	7.60	6.11	6.20	3.98	3.44	3.26	2.91	3.41	3.01	2.69	2.47	2.16	1.82	1.56	0.43	-0.13	4.49
EPS (Diluted)(per share)	8.43	8.18	7.53	6.04	6.13	3.94	3.41	3.23	2.87	3.38	2.98	2.65	2.43	2.13	1.79	1.55	0.42	-0.14	4.45
Shares Outstanding (Basic, Weighted)(shares)	491	492	494	499	507	506	506	506	513	519	531	545	549	544	542	540	522	514	539
Shares Outstanding (Diluted, Weighted)(shares)	494	496	499	505	513	512	511	511	519	524	536	553	558	552	551	544	524	515	542
Dividend per Share(per share)	3.43	3.05	2.60	2.25	–	–	–	–	–	–	–	–	–	0.90	0.86	0.81	0.80	0.80	–
EBITDA	6,584	6,186	5,652	4,661	5,059	3,807	3,324	3,255	3,136	2,869	2,842	2,689	2,435	2,178	1,970	–	–	–	–

Italic numbers are calculated by StockData (for example Q4 = full year − nine months). Per-share data and share counts are adjusted for stock splits. Hover a number for its source; click it to open the filing on SEC.gov. Click a row to chart it.

Ratios

Latest available, balances at Sep 30, 2026

Profitability, TTM

Gross margin: –
Operating margin: 21.4%
Net margin: 14.2%
Return on equity, FY2025: –

Financial strength

Current ratio: 1.09
Debt to equity: –
Debt to assets: 34.3%
Cash to current liabilities: 8.3%

Valuation

P/E ratio: 22.6
Price to sales: 3.17
Price to book: –
Dividend yield: 1.82%