DalsnaFinance Account

Marsh McLennan $MRSH

Financials · Insurance Brokers · NYSE/NASDAQ

S&P 500 Russell 1000 New York

Create a scorecard

$189.78

+1.28 (+0.68%)

As of Oct 20, 2026, 10:33 AM EDT

Price history

Loading chart…

Key facts

52-week range (closes): $157.32 – $207.02 Lowest close Jun 3, 2026, highest Oct 14, 2025; 251 daily closes to Oct 13, 2026 from Dalsna Finance's price archive
Fiscal year ends: December Fiscal 2025 ended Dec 31, 2025, from SEC filings
In the S&P 500 since: Aug 31, 1987 · All S&P 500 changes

Marsh McLennan (MRSH) is trading up at $189.78 (+0.68%) on NYSE/NASDAQ, as of the latest quote. It is a S&P 500 constituent in the Financials sector.

Marsh McLennan revenue & net income history (FY2016–FY2025)

RevenueNet incomeNet margin (right axis, %)

Marsh McLennan annual financial statements
	FY2016Dec 2016	FY2017Dec 2017	FY2018Dec 2018	FY2019Dec 2019	FY2020Dec 2020	FY2021Dec 2021	FY2022Dec 2022	FY2023Dec 2023	FY2024Dec 2024	FY2025Dec 2025
Income statement
Revenue	$13.2B	$14.0B	$14.9B	$16.7B	$17.2B	$19.8B	$20.7B	$22.7B	$24.5B	$27.0B
Growth (year over year)	+2.5%	+6.2%	+6.6%	+11.4%	+3.4%	+15.1%	+4.5%	+9.7%	+7.6%	+10.3%
Operating income	$2.43B	$2.65B	$2.76B	$2.68B	$3.07B	$4.31B	$4.28B	$5.28B	$5.82B	$6.22B
Operating margin	18.4%	18.9%	18.5%	16.1%	17.8%	21.8%	20.7%	23.2%	23.8%	23.1%
Net income	$1.77B	$1.49B	$1.65B	$1.74B	$2.02B	$3.14B	$3.05B	$3.76B	$4.06B	$4.16B
Net margin	13.4%	10.6%	11.0%	10.5%	11.7%	15.9%	14.7%	16.5%	16.6%	15.4%
EPS (diluted)	$3.38	$2.87	$3.23	$3.41	$3.94	$6.13	$6.04	$7.53	$8.18	$8.43
Balance sheet
Cash and equivalents	$1.03B	$1.21B	$1.07B	$1.16B	$2.09B	$1.75B	$1.44B	$3.36B	$2.40B	$2.69B
Total assets	$18.2B	$20.4B	$21.6B	$31.4B	$33.0B	$44.0B	$44.1B	$48.0B	$56.5B	$58.7B
Total liabilities	$11.9B	$13.0B	$14.0B	$23.4B	$23.8B	$23.2B	$33.4B	$35.7B	$42.9B	$43.4B
Long-term debt	$4.50B	$5.22B	$5.51B	$10.7B	$10.8B	$10.9B	$11.2B	$11.8B	$19.4B	$18.3B
Shareholders' equity	$6.27B	$7.44B	$7.58B	$7.94B	$9.26B	$11.2B	$10.7B	$12.4B	$13.5B	$15.3B
Cash flow
Operating cash flow	$2.01B	$1.89B	$2.43B	$2.36B	$3.38B	$3.52B	$3.46B	$4.26B	$4.30B	$5.29B
Capital expenditure	$253.0M	$302.0M	$314.0M	$421.0M	$348.0M	$406.0M	$470.0M	$416.0M	$316.0M	$291.0M
Free cash flow	$1.75B	$1.59B	$2.11B	$1.94B	$3.03B	$3.11B	$3.00B	$3.84B	$3.99B	$5.00B
Dividends paid	$682.0M	$740.0M	$807.0M	$890.0M	$943.0M	$1.03B	$1.14B	$1.30B	$1.51B	$1.70B
Share buybacks	$800.0M	$900.0M	$675.0M	$485.0M	$0	$1.16B	$1.95B	$1.15B	$900.0M	$2.01B

RevenueNet incomeNet margin (right axis, %)

Marsh McLennan quarterly financial statements
	Q4 FY24^†Dec 2024	Q1 FY25Mar 2025	Q2 FY25Jun 2025	Q3 FY25Sep 2025	Q4 FY25^†Dec 2025	Q1 FY26Mar 2026	Q2 FY26Jun 2026	Q3 FY26Sep 2026
Income statement
Revenue	$6.07B	$7.06B	$6.97B	$6.35B	$6.59B	$7.60B	$7.40B	$6.86B
Growth (year over year)	+9.2%	+9.1%	+12.1%	+11.5%	+8.7%	+7.6%	+6.2%	+8.1%
Operating income	$1.14B	$2.00B	$1.83B	$1.17B	$1.22B	$1.75B	$1.90B	$1.22B
Operating margin	18.8%	28.4%	26.2%	18.4%	18.5%	23.1%	25.6%	17.7%
Net income	$788.0M	$1.38B	$1.21B	$747.0M	$821.0M	$1.15B	$1.27B	$808.0M
Net margin	13.0%	19.6%	17.4%	11.8%	12.4%	15.1%	17.1%	11.8%
EPS (diluted)	$1.58	$2.79	$2.45	$1.51	$1.68	$2.36	$2.63	$1.69
Balance sheet
Cash and equivalents	$2.40B	$1.60B	$1.68B	$2.51B	$2.69B	$1.61B	$1.70B	$1.84B
Total assets	$56.5B	$57.0B	$58.6B	$58.8B	$58.7B	$58.6B	$59.7B	$59.8B
Total liabilities	$42.9B	$42.7B	$42.6B	$43.4B	$43.4B	$43.7B	$44.2B	$44.9B
Long-term debt	$19.4B	$18.9B	$19.0B	$18.3B	$18.3B	$18.9B	$18.9B	$18.9B
Shareholders' equity	$13.5B	$14.3B	$16.0B	$15.4B	$15.3B	$14.8B	$15.4B	$14.9B
Cash flow
Operating cash flow	$1.96B	−$622.0M	$1.67B	$2.08B	$2.16B	−$688.0M	$1.52B	$1.48B
Capital expenditure	$76.0M	$55.0M	$59.0M	$72.0M	$105.0M	$62.0M	$72.0M	$81.0M
Free cash flow	$1.88B	−$677.0M	$1.61B	$2.01B	$2.06B	−$750.0M	$1.45B	$1.40B
Dividends paid	$403.0M	$405.0M	$405.0M	$445.0M	$444.0M	$440.0M	$438.0M	$476.0M
Share buybacks	$0	$300.0M	$300.0M	$402.0M	$1.01B	$755.0M	$757.0M	$504.0M

From Marsh McLennan's 10-K and 10-Q filings with the SEC; its fiscal year ends in December. Each period shows the latest figure the company has reported for it, including restatements. Net margin is our own calculation from those reported figures (net income ÷ revenue); it is left blank where revenue is zero or missing. † Quarter derived from the company's year-to-date or full-year totals. Filings on SEC EDGAR →

Marsh McLennan vs the Financials sector and the S&P 500

Marsh McLennan's latest reported figures next to the median of the other 75 S&P 500 Financials companies and of the other 502 S&P 500 companies; each median is taken over the companies with a comparable figure (counts in the footnote). A median is the middle value, not an average, so one very large company does not move it.

Marsh McLennan compared with the median Financials company and the median S&P 500 company
Measure	Marsh McLennan	Financials (75 other S&P 500 companies)	S&P 500 (502 other companies)
Revenue growth, latest fiscal year	+10.3%	+7.2%	+7.0%
Net margin, latest fiscal year	15.4%	19.4%	12.9%
Dividend per share, latest fiscal year	$3.43	$2.35	$2.40
Share price change, 1 year	−0.7%	+6.6%	+5.9%

Marsh McLennan: fiscal year ended December 2025, from its 10-K and 10-Q filings with the SEC. Medians computed October 20, 2026 from each company's latest annual filing (fiscal years ending between July 2025 and September 2026) and our price archive. Prices for every company, Marsh McLennan included, are the last regular-session prices of October 19, 2026; the 1-year change compares that price with each company's last close on or before October 20, 2025. Net margin and price change are our calculations from reported figures. Each median counts only the companies with a comparable figure (sector / S&P 500): revenue growth 75/496, net margin 75/496, dividend per share 61/349, 1-year price change 75/490; the reasons below can overlap. 12 are left out of the price figure because our archive holds no comparable close for them; dividend medians are among the 61 sector and 349 S&P 500 companies reporting a per-share dividend. The S&P 500 price figure is the middle company's change, not the index's return.

About Marsh McLennan

Marsh & McLennan Companies, Inc., trading as Marsh McLennan and Marsh, is an American 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; Marsh Re, a reinsurance intermediary and advisor; Mercer, which provides consulting to employers for health insurance, retirement plans, and pension plans; and Oliver Wyman, including Lippincott and NERA Economic Consulting, which provides consulting services. In 2024, risk and insurance services contributed a total of 63% of revenues and 71% of operating profit, while consulting contributed 37% of revenues and 29% of operating profit. It is the largest insurance broker worldwide.

Source: Wikipedia — Marsh McLennan