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Marsh & McLennan Companies, Inc. (MRSH) stock

MRSHNYSEInsurance Agents, Brokers & ServiceFiscal year ends December 31
Financials through Q3 FY2026, quarter ended Sep 30, 2026Last filing: 10-Q on Oct 15, 2026Score 12/30
$205.69−1.83 (-0.88%)

Close on Nov 12, 2026Market cap $97.81BP/E 24.6Yield 1.67%

Marsh & McLennan Companies, Inc. grew revenue 7.6% to $28.46B over the twelve months to Sep 30, 2026. Operating income fell 1.0% to $6.09B, moving the operating margin from 23.2% to 21.4%. Free cash flow was $4.15B, down 13.9% from a year earlier. At the latest close the market valued the company at $97.81B, 24.6 times its earnings.

Revenue
$28.46B
+7.6% vs. a year earlier
Operating income
$6.09B
-1.0% vs. a year earlier
Free cash flow
$4.15B
-13.9% vs. a year earlier
EPS, diluted
$8.35
+0.1% vs. a year earlier

Key statistics

Valuation at the latest close; fundamentals over the trailing twelve months, balances at Sep 30, 2026

Valuation

Market cap
$97.81B
P/E ratio
24.6
Price to sales
3.44
Price to book
–
Dividend yield
1.67%
Free cash flow yield
4.25%

Fundamentals

Revenue
$28.46B
Net income
$4.04B
EPS, diluted
$8.35
Free cash flow
$4.15B
Diluted shares
479M

Trading

Next earnings
Jan 28, 2027 (estimated, before the open)
Previous close
$207.52
Open
$210.00
Day's range
$205.62 – $210.00
Volume
1,350,436
Average volume (20 days)
2,267,588
Index membership
S&P 500, Russell 1000, Russell 3000
Beta (5 years)
0.60
52-week range
$156.60 – $214.00
RSI (14 days)
64.2
Volatility (1 year)
25.9%
Relative volume
0.54×
WACC
7.3%

Index membership is inferred from the holdings of funds that track each index (VOO, IVV, SPYM, IWB, IWV), as reported to the SEC for Jun 30, 2026. Join dates come from quarterly fund reports since 2019, so they are accurate to the quarter.

Market cap history

Month-end market cap since 2009, using shares outstanding reported at the time

Total return vs. the S&P 500

Price change plus reinvested dividends, to the close on Nov 12, 2026. The S&P 500 is measured by the SPY fund.

PeriodMRSHS&P 500DifferenceMRSH per yearS&P 500 per year
1 month+16.5%-2.7%+19.2 pts
3 months+9.5%-1.7%+11.3 pts
Year to date+13.3%+11.9%+1.4 pts
1 year+15.0%+12.0%+3.0 pts
3 years+8.1%+78.2%−70.1 pts+2.6%+21.2%
5 years+33.7%+73.2%−39.5 pts+6.0%+11.6%
10 years+259.5%+309.6%−50.1 pts+13.7%+15.1%

Fifteen years at a glance

Fiscal years 2011 to 2025 and trailing twelve months, USD

Revenue

$28.46B+7.6% YoY

Operating income

$6.09B-1.0% YoY

Net income

$4.04B-2.1% YoY

EPS, diluted

$8.35+0.1% YoY

Free cash flow

$4.15B-13.9% YoY
Reported periodTrailing twelve months

Press releases

Releases Marsh & McLennan Companies filed with the SEC as exhibits to Form 8-K or 6-K

All press releases and earnings

About Marsh & McLennan Companies

Insurance Agents, Brokers & Service

Marsh & McLennan Companies, operating as Marsh, provides professional services in risk management, insurance brokerage, human resources, and business consulting. The company conducts operations through two principal divisions: Risk and Insurance Services, and Consulting. Its risk and insurance offerings include insurance and reinsurance broking, program design, catastrophe analytics, actuarial advisory, and alternative risk financing. In consulting, the company delivers health benefits management, retirement consulting, investment advisory, brand strategy, and economic analysis. It serves a broad client base, including corporations, government entities, middle-market businesses, public organizations, insurance carriers, and individual consumers.

Company profile, executives and history

Marsh & McLennan Companies stock: common questions

What is Marsh & McLennan Companies's stock price?

MRSH closed at $205.69 on Nov 12, 2026, down 0.88% on the day. Over the past 52 weeks it traded between $156.60 and $214.00.

What is Marsh & McLennan Companies's market cap?

Marsh & McLennan Companies was worth $97.81B at the close on Nov 12, 2026: the share price times the diluted shares outstanding.

What is MRSH's P/E ratio?

MRSH trades at 24.6 times earnings, based on diluted earnings per share of $8.35 over the twelve months to Sep 30, 2026.

How much revenue does Marsh & McLennan Companies make?

Marsh & McLennan Companies reported revenue of $28.46B for the twelve months to Sep 30, 2026, up 7.6% from a year earlier.

Does Marsh & McLennan Companies pay a dividend?

Yes. Marsh & McLennan Companies paid $3.43 per share over the last twelve months, a yield of 1.67% at the latest price, and has raised its annual dividend 3 years in a row.

When does Marsh & McLennan Companies report earnings next?

Marsh & McLennan Companies is expected to report Q4 FY2026 results on Jan 28, 2027, before the open. The date is estimated from its past reporting pattern until the company confirms it.

How has MRSH stock performed over the past year?

Including dividends, MRSH returned +15.0% over the past year, against +12.0% for the S&P 500.

How many MRSH shares are sold short?

6M shares were sold short at the latest FINRA report, 1.29% of the float, or 2.6 days of average trading volume.

Who are Marsh & McLennan Companies's competitors?

Companies most similar to Marsh & McLennan Companies by business, industry and size include AON, AJG, WTW, BRO, EQH.

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