MARSH & MCLENNAN COMPANIES, INC.
MARSH & MCLENNAN COMPANIES, INC.
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Financial Statements
Values in Millions ($) | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | Subscriber-only column | Subscriber-only column | Subscriber-only column | Subscriber-only column | Data beyond 3 years is for subscribers only. Unlock 17+ years of financial data Start 7-day free trial |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Assets | |||||||||||||||||
Assets Current | |||||||||||||||||
Cash And Cash Equivalents At Carrying Value | 1,700 | 1,611 | 2,687 | 2,511 | 1,677 | 1,604 | 2,398 | 1,798 | 1,653 | 1,452 | 3,358 | 2,901 | |||||
Restricted Cash And Cash Equivalents At Carrying V… | 12,203 | 11,744 | 11,473 | 12,001 | 11,871 | 11,579 | 11,276 | 11,923 | 11,497 | 11,458 | 10,794 | 11,828 | |||||
Receivables Net Current | |||||||||||||||||
Other Receivables Gross Current | 727 | 749 | 750 | 760 | 770 | 713 | 706 | 702 | 749 | 757 | 660 | 664 | |||||
Accounts Receivable Gross Current | 9,102 | 8,586 | 7,832 | 8,079 | 8,626 | 8,029 | 7,323 | 7,587 | 7,899 | 7,373 | 6,569 | 6,675 | |||||
Allowance For Doubtful Accounts Receivable Current | -159 | -159 | -162 | -173 | -169 | -157 | -167 | -165 | -160 | -157 | -151 | -155 | |||||
Receivables Net Current | 8,943 | 8,427 | 7,670 | 7,906 | 8,457 | 7,872 | 7,156 | 7,422 | 7,739 | 7,216 | 6,418 | 6,520 | |||||
Other Assets Current | 1,487 | 1,454 | 1,370 | 1,281 | 1,329 | 1,406 | 1,287 | 1,143 | 1,133 | 1,173 | 1,178 | 1,030 | |||||
Assets Current | 24,333 | 23,236 | 23,200 | 23,699 | 23,334 | 22,461 | 22,117 | 22,286 | 22,022 | 21,299 | 21,748 | 22,279 | |||||
Goodwill | 24,352 | 24,273 | 24,337 | 23,949 | 23,919 | 23,538 | 23,306 | 18,235 | 17,516 | 17,314 | 17,231 | 16,655 | |||||
Other Intangible Assets Net | 4,505 | 4,607 | 4,746 | 4,671 | 4,770 | 4,736 | 4,820 | 2,720 | 2,638 | 2,631 | 2,630 | 2,498 | |||||
Property Plant And Equipment Net | 806 | 814 | 829 | 820 | 839 | 840 | 859 | 884 | 879 | 877 | 882 | 859 | |||||
Defined Benefit Plan Assets For Plan Benefits Nonc… | 2,225 | 2,168 | 2,140 | 2,212 | 2,203 | 2,021 | 1,914 | 2,384 | 2,187 | 2,114 | 2,051 | 2,310 | |||||
Operating Lease Right Of Use Asset | 1,428 | 1,460 | 1,460 | 1,436 | 1,471 | 1,477 | 1,498 | 1,487 | 1,468 | 1,494 | 1,541 | 1,519 | |||||
Deferred Income Tax Assets Net | 199 | 193 | 212 | 248 | 280 | 250 | 237 | 242 | 285 | 276 | 357 | 348 | |||||
Other Assets Noncurrent | 1,834 | 1,801 | 1,786 | 1,748 | 1,739 | 1,692 | 1,730 | 1,626 | 1,596 | 1,567 | 1,590 | 1,532 | |||||
Assets | 59,682 | 58,552 | 58,710 | 58,783 | 58,555 | 57,015 | 56,481 | 49,864 | 48,591 | 47,572 | 48,030 | 48,000 | |||||
Liabilities And Stockhold… | |||||||||||||||||
Liabilities Current | |||||||||||||||||
Debt Current | 1,670 | 1,702 | 1,267 | 1,263 | 769 | 1,667 | 519 | 518 | 1,267 | 1,169 | 1,619 | 1,868 | |||||
Accounts Payable And Accrued Liabilities Current | 4,051 | 4,180 | 3,652 | 3,355 | 3,434 | 3,450 | 3,402 | 3,099 | 3,205 | 3,379 | 3,403 | 3,143 | |||||
Employee Related Liabilities Current | 2,629 | 1,945 | 3,962 | 3,089 | 2,372 | 1,798 | 3,620 | 2,785 | 2,086 | 1,539 | 3,346 | 2,632 | |||||
Operating Lease Liability Current | 327 | 326 | 333 | 332 | 335 | 327 | 325 | 313 | 304 | 310 | 312 | 303 | |||||
Accrued Income Taxes Current | 479 | 572 | 373 | 617 | 619 | 554 | 376 | 565 | 505 | 456 | 321 | 480 | |||||
Dividends Payable Current | - | 436 | - | 441 | - | 400 | - | 401 | - | 349 | - | 351 | |||||
Liabilities Current | 21,359 | 20,905 | 21,060 | 21,098 | 19,400 | 19,775 | 19,518 | 19,604 | 18,864 | 18,660 | 19,795 | 20,605 | |||||
Long Term Debt Noncurrent | 18,891 | 18,900 | 18,320 | 18,317 | 18,960 | 18,862 | 19,428 | 12,330 | 12,278 | 12,300 | 11,844 | 11,781 | |||||
Pension And Other Postretirement Defined Benefit P… | 739 | 752 | 786 | 791 | 816 | 832 | 840 | 704 | 715 | 747 | 779 | 840 | |||||
Operating Lease Liability Noncurrent | 1,494 | 1,523 | 1,529 | 1,514 | 1,546 | 1,563 | 1,590 | 1,618 | 1,586 | 1,600 | 1,661 | 1,643 | |||||
Other Liabilities Noncurrent | 1,486 | 1,380 | 1,412 | 1,419 | 1,577 | 1,406 | 1,265 | 1,396 | 1,261 | 1,319 | 1,267 | 1,226 | |||||
Commitments And Contingencies | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||
Stockholders Equity Inclu… | |||||||||||||||||
Preferred Stock Value | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||
Common Stock Value | 561 | 561 | 561 | 561 | 561 | 561 | 561 | 561 | 561 | 561 | 561 | 561 | |||||
Additional Paid In Capital Common Stock | 1,566 | 1,474 | 1,547 | 1,457 | 1,362 | 1,253 | 1,370 | 1,289 | 1,197 | 1,112 | 1,242 | 1,150 | |||||
Retained Earnings Accumulated Deficit | 29,301 | 28,037 | 27,767 | 26,948 | 27,088 | 25,881 | 25,306 | 24,520 | 24,578 | 23,456 | 22,759 | 22,007 | |||||
Accumulated Other Comprehensive Income Loss Net Of… | -5,575 | -5,560 | -5,429 | -5,441 | -5,244 | -5,896 | -6,240 | -4,990 | -5,527 | -5,509 | -5,295 | -5,460 | |||||
Minority Interest | 250 | 237 | 215 | 206 | 209 | 203 | 193 | 194 | 198 | 200 | 179 | 180 | |||||
Treasury Stock Common Value | -10,670 | -9,943 | -9,346 | -8,372 | -8,000 | -7,734 | -7,655 | -7,692 | -7,442 | -7,198 | -7,076 | -6,852 | |||||
Stockholders Equity | 15,433 | 14,806 | 15,315 | 15,359 | 15,976 | 14,268 | 13,535 | 13,882 | 13,565 | 12,622 | 12,370 | 11,586 | |||||
Liabilities And Stockholders Equity | 59,682 | 58,552 | 58,710 | 58,783 | 58,555 | 57,015 | 56,481 | 49,864 | 48,591 | 47,572 | 48,030 | 48,000 | |||||
Accumulated Depreciation Depletion And Amortizatio… | 1,732 | 1,695 | - | 1,669 | 1,646 | 1,590 | - | 1,638 | 1,572 | 1,585 | - | 1,619 | |||||
Preferred Stock Par Or Stated Value Per Share | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | |||||
Preferred Stock Shares Authorized | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | |||||
Preferred Stock Shares Issued | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||
Common Stock Par Or Stated Value Per Share | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | |||||
Common Stock Shares Authorized | 1,600 | 1,600 | 1,600 | 1,600 | 1,600 | 1,600 | 1,600 | 1,600 | 1,600 | 1,600 | 1,600 | 1,600 | |||||
Common Stock Shares Issued | 561 | 561 | 561 | 561 | 561 | 561 | 561 | 561 | 561 | 561 | 561 | 561 | |||||
Treasury Stock Common Shares | 83 | 78 | 76 | 71 | 69 | 68 | 69 | 70 | 69 | 68 | 69 | 68 | |||||
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Earnings Market Reaction
| Fiscal Year | Q1 1 Month | Q1 2 Month | Q1 3 Month | Q2 1 Month | Q2 2 Month | Q2 3 Month | Q3 1 Month | Q3 2 Month | Q3 3 Month | Q4 1 Month | Q4 2 Month | Q4 3 Month |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -10.58% | -9.38% | -2.21% | - | - | - | - | - | - | - | - | - |
| 2025 | 3.08% | 4.52% | -2.27% | -3.08% | -3.04% | -3.85% | -3.45% | -2.50% | -2.15% | 6.98% | 2.03% | -2.40% |
| 2024 | 1.89% | 4.09% | 6.04% | 1.59% | 5.19% | 2.94% | -0.69% | -0.78% | -6.90% | 3.26% | 1.28% | 0.00% |
| 2023 | - | - | - | - | - | - | 4.95% | 2.45% | -0.08% | 4.57% | 5.15% | 1.93% |
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Performance and Valuation Metrics
Metrics | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | Subscriber-only column | Subscriber-only column | Subscriber-only column | Subscriber-only column | Data beyond 3 years is for subscribers only. Unlock 17+ years of financial data Start 7-day free trial |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Liquidity Ratios | |||||||||||||||||
| Current Ratio | 1.14 | 1.11 | 1.10 | 1.12 | 1.20 | 1.14 | 1.13 | 1.14 | 1.17 | 1.14 | 1.10 | 1.08 | |||||
| Quick Ratio | 1.14 | 1.11 | 1.10 | 1.12 | 1.20 | 1.14 | 1.13 | 1.14 | 1.17 | 1.14 | 1.10 | 1.08 | |||||
| Working Capital | 2.97B | 2.33B | 2.14B | 2.60B | 3.93B | 2.69B | 2.60B | 2.68B | 3.16B | 2.64B | 1.95B | 1.67B | |||||
Leverage & Debt | |||||||||||||||||
| Debt to Equity | 1.38 | 1.41 | 1.38 | 1.37 | 1.21 | 1.39 | 1.44 | 1.41 | 1.39 | 1.48 | 1.60 | 1.78 | |||||
| Interest Coverage TTM | 6.28 | 6.25 | 6.48 | 6.43 | 6.97 | 7.50 | 8.31 | 9.32 | 9.27 | 9.12 | 9.14 | 8.77 | |||||
| Debt Ratio | 0.36 | 0.36 | 0.36 | 0.36 | 0.33 | 0.35 | 0.35 | 0.39 | 0.39 | 0.39 | 0.41 | 0.43 | |||||
Efficiency & Turnover | |||||||||||||||||
| Asset Turnover TTM | 0.47 | 0.48 | 0.47 | 0.49 | 0.48 | 0.48 | 0.47 | 0.49 | 0.50 | 0.57 | 0.49 | 0.55 | |||||
| Days Sales Outstanding TTM | 113.63 | 108.10 | 100.28 | 105.75 | 114.57 | 109.94 | 101.29 | 106.26 | 113.72 | 109.07 | 98.49 | 101.42 | |||||
| Receivables Turnover TTM | 3.21 | 3.38 | 3.64 | 3.45 | 3.19 | 3.32 | 3.60 | 3.43 | 3.21 | 3.35 | 3.71 | 3.60 | |||||
Per Share Metrics | |||||||||||||||||
| Diluted EPS TTM | 8.55 | 8.31 | 8.57 | 8.48 | 8.45 | 8.28 | 8.30 | 8.22 | 8.18 | 7.98 | 7.62 | 6.92 | |||||
| Free Cash Flow Per Share TTM | 9.93 | 10.18 | 10.19 | 9.83 | 9.46 | 8.49 | 8.10 | 7.66 | 7.38 | 7.88 | 7.78 | 7.24 | |||||
| Dividend Per Share TTM | 3.68 | 3.58 | 3.46 | 3.38 | 3.29 | 3.18 | 3.08 | 2.98 | 2.87 | 2.76 | 2.63 | 2.51 | |||||
Margin Metrics | |||||||||||||||||
| Gross Profit Margin TTM | 42.38% | 42.37% | 42.27% | 42.28% | 42.57% | 42.60% | 57.61% | 72.50% | 87.31% | 102.58% | 102.54% | 102.50% | |||||
| Operating Profit Margin TTM | 21.62% | 21.70% | 23.06% | 23.23% | 23.58% | 23.54% | 23.78% | 24.13% | 23.98% | 23.54% | 23.23% | 21.88% | |||||
| Net Profit Margin TTM | 14.74% | 14.68% | 15.69% | 15.84% | 16.22% | 16.36% | 16.83% | 17.03% | 17.17% | 17.04% | 16.72% | 15.54% | |||||
Growth Metrics | |||||||||||||||||
| Net Revenue Growth (1Y) | 8.33% | 9.87% | 10.32% | 10.47% | 9.18% | 7.56% | 7.57% | 7.84% | 9.44% | 10.38% | 9.73% | 6.57% | |||||
| Net Income Growth (1Y) | -1.55% | -1.44% | 2.84% | 2.70% | 3.13% | 3.30% | 8.29% | 18.20% | 24.18% | 24.01% | 24.66% | 1.44% | |||||
| EPS Growth (1Y) | 0.91% | 0.19% | 3.05% | 2.91% | 3.13% | 3.30% | 8.73% | 18.68% | 24.94% | 24.76% | 25.92% | 2.26% | |||||
Valuation Metrics | |||||||||||||||||
| P/E TTM | 19.31 | 20.56 | 21.18 | 23.15 | 25.08 | 28.49 | 24.59 | 25.97 | 24.57 | 24.48 | 23.51 | 25.91 | |||||
| P/B TTM | 5.15 | 5.61 | 5.85 | 6.31 | 6.57 | 8.18 | 7.48 | 7.63 | 7.35 | 7.69 | 7.22 | 7.72 | |||||
| P/S TTM | 2.85 | 3.02 | 3.32 | 3.67 | 4.07 | 4.66 | 4.14 | 4.42 | 4.22 | 4.17 | 3.93 | 4.03 | |||||
| Market Cap | 79.55B | 83.05B | 89.66B | 96.96B | 104.96B | 116.75B | 101.25B | 105.95B | 99.70B | 97.11B | 89.37B | 89.43B | |||||
| Enterprise Value | 86.21B | 90.30B | 95.09B | 102.03B | 111.14B | 124.10B | 107.52B | 105.07B | 100.09B | 97.67B | 104.60B | 100.18B | |||||
Calculated Values | |||||||||||||||||
| Free Cash Flow TTM | 4.77B | 4.93B | 5.00B | 4.83B | 4.65B | 4.18B | 3.99B | 3.77B | 3.63B | 3.88B | 3.84B | 3.58B | |||||
| Net Debt | 6.66B | 7.25B | 5.43B | 5.07B | 6.18B | 7.35B | 6.27B | -873.00M | 395.00M | 559.00M | 15.22B | 10.75B | |||||
Per-Share and Margin | |||||||||||||||||
| EPS TTM | |||||||||||||||||
| Adjusted EPS TTM | |||||||||||||||||
| Cash Flow Per Share TTM | |||||||||||||||||
| Pretax Margin TTM | |||||||||||||||||
| Stock Comp to Revenue TTM | |||||||||||||||||
Turnover Ratios and Averages | |||||||||||||||||
| Average Assets | |||||||||||||||||
| Average Equity | |||||||||||||||||
| Average Inventory | |||||||||||||||||
| Average Receivables | |||||||||||||||||
| Average Accounts Payables | |||||||||||||||||
| Inventory Turnover TTM | |||||||||||||||||
| Payables Turnover TTM | |||||||||||||||||
| Days Inventory Outstanding TTM | |||||||||||||||||
| Days Payables Outstanding TTM | |||||||||||||||||
| Cash Conversion Cycle TTM | |||||||||||||||||
| Working Capital to Revenue | |||||||||||||||||
| Deferred Revenue to Revenue | |||||||||||||||||
Growth Rates | |||||||||||||||||
| Total Assets Growth (1Y) | |||||||||||||||||
| Total Assets Growth (3Y) | |||||||||||||||||
| Total Assets Growth (5Y) | |||||||||||||||||
| Dividends Paid Growth (1Y) | |||||||||||||||||
| Dividends Paid Growth (3Y) | |||||||||||||||||
| Dividends Paid Growth (5Y) | |||||||||||||||||
| EPS Growth (3Y) | |||||||||||||||||
| EPS Growth (5Y) | |||||||||||||||||
| Net Income Growth (3Y) | |||||||||||||||||
| Net Income Growth (5Y) | |||||||||||||||||
| Net Profit Margin Growth (1Y) | |||||||||||||||||
| Net Profit Margin Growth (3Y) | |||||||||||||||||
| Net Profit Margin Growth (5Y) | |||||||||||||||||
| Net Revenue Growth (3Y) | |||||||||||||||||
| Net Revenue Growth (5Y) | |||||||||||||||||
| Deferred Revenue Growth (1Y) | |||||||||||||||||
| Retained Earnings Growth (1Y) | |||||||||||||||||
Credit, Liquidity, Returns, Payout | |||||||||||||||||
| Cash Ratio | |||||||||||||||||
| Net Working Capital | |||||||||||||||||
| Debt to EBITDA TTM | |||||||||||||||||
| Net Debt to EBITDA TTM | |||||||||||||||||
| Net Debt to Equity | |||||||||||||||||
| Altman A | |||||||||||||||||
| Altman B | |||||||||||||||||
| Altman C | |||||||||||||||||
| Altman D | |||||||||||||||||
| Altman E | |||||||||||||||||
| Altman Z-Score | |||||||||||||||||
| ROA TTM | |||||||||||||||||
| ROE TTM | |||||||||||||||||
| NOPAT TTM | |||||||||||||||||
| ROIC TTM | |||||||||||||||||
| Effective Tax Rate TTM | |||||||||||||||||
| Payout Ratio TTM | |||||||||||||||||
| Dilution Ratio | |||||||||||||||||
| Retained Earnings to Equity | |||||||||||||||||
| Treasury Stock to Equity | |||||||||||||||||
| Treasury Stock Change (1Y) | |||||||||||||||||
| Accrued to Current Liabilities | |||||||||||||||||
Valuation Ratios | |||||||||||||||||
| P/CF TTM | |||||||||||||||||
| Dividend Yield TTM | |||||||||||||||||
| Free Cash Flow Yield TTM | |||||||||||||||||
| EV EBITDA TTM | |||||||||||||||||
| EV EBIT TTM | |||||||||||||||||
| Stock Compensation TTM | |||||||||||||||||
| Adjusted Net Income TTM | |||||||||||||||||
| Billings TTM | |||||||||||||||||
| Total Debt | |||||||||||||||||
| Invested Capital | |||||||||||||||||
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Insider Transactions
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Institutional Ownership
MARSH & MCLENNAN COMPANIES, INC. (MRSH) — SEC Financial Statements & Analysis
MARSH & MCLENNAN COMPANIES, INC. (MRSH) is a insurance agents, brokers & service company, incorporated in DE. MARSH & MCLENNAN COMPANIES, INC. trades on MRSH: NYSE as: MRSH. Based on its latest SEC filing (Form 10-Q, period ending 2026-06-30), MARSH & MCLENNAN COMPANIES, INC. reported a 8.33% year-over-year revenue growth, a Gross Profit Margin of 42.38% (TTM), a Debt-to-Equity ratio of 1.38x, a Price-to-Sales (P/S) ratio of 2.85x (TTM), a Price-to-Book (P/B) ratio of 5.15 (TTM), at a market cap of $79.55B. Figures below are sourced from SEC EDGAR, as-filed.
- Net Revenue TTM Growth 1Y
- 8.33%
- Gross Profit Margin TTM
- 42.38%
- Debt To Equity
- 1.38x
- P/S TTM
- 2.85x
- P/B TTM
- 5.15
- Market Cap
- $79.55B
Data as of 2026-06-30 · Source: SEC EDGAR
Frequently Asked Questions
What industry is MARSH & MCLENNAN COMPANIES, INC. in?
MARSH & MCLENNAN COMPANIES, INC. (MRSH) operates in the Insurance Agents, Brokers & Service industry.
What is MRSH's market cap?
MARSH & MCLENNAN COMPANIES, INC. (MRSH) has a market capitalization of $79.55B as of 2026-06-30.
What is MRSH's P/E ratio?
MARSH & MCLENNAN COMPANIES, INC. (MRSH)'s trailing twelve month P/E ratio is 19.31x as of 2026-06-30.
What exchange does MRSH trade on?
MARSH & MCLENNAN COMPANIES, INC. (MRSH) trades on the MRSH: NYSE.
Where is MARSH & MCLENNAN COMPANIES, INC. incorporated?
MARSH & MCLENNAN COMPANIES, INC. is incorporated in DE.