Marsh & McLennan Companies, Inc.
MRSH · NYSE
Financial statements
Annual and quarterly income, balance-sheet, cash-flow and key-statistics data.
Income statement
| Period | Revenue | Gross profit | Operating income | Net income | EPS |
|---|---|---|---|---|---|
| 2022 FY | 20.72B | 8.65B | 4.28B | 3.05B | 6.11 |
| 2023 FY | 22.74B | 9.64B | 5.28B | 3.76B | 7.60 |
| 2024 FY | 24.46B | 10.46B | 5.82B | 4.06B | 8.25 |
| 2025 FY | 26.98B | 11.40B | 6.22B | 4.16B | 8.48 |
Balance sheet
| Period | Total assets | Liabilities | Cash | Debt | Equity |
|---|---|---|---|---|---|
| 2022 FY | 44.11B | 33.37B | 1.44B | 13.47B | 10.52B |
| 2023 FY | 48.03B | 35.66B | 3.36B | 15.44B | 12.19B |
| 2024 FY | 56.48B | 42.95B | 2.40B | 21.86B | 13.34B |
| 2025 FY | 58.71B | 43.40B | 2.69B | 21.45B | 15.10B |
Cash flow
| Period | Operating cash flow | Capital expenditure | Free cash flow | Dividends paid | Net cash change |
|---|---|---|---|---|---|
| 2022 FY | 3.47B | -470.00M | 3.00B | -1.14B | 728.00M |
| 2023 FY | 4.26B | -416.00M | 3.84B | -1.30B | 2.05B |
| 2024 FY | 4.30B | -316.00M | 3.99B | -1.51B | -478.00M |
| 2025 FY | 5.29B | -291.00M | 5.00B | -1.70B | 486.00M |
Key statistics
| Period | Market cap | Enterprise value | P/E | Price / sales | Debt / equity |
|---|---|---|---|---|---|
| 2022 FY | 82.57B | 94.60B | — | — | — |
| 2023 FY | 93.60B | 105.68B | — | — | — |
| 2024 FY | 104.51B | 123.97B | — | — | — |
| 2025 FY | 90.35B | 109.11B | — | — | — |
| 2026-12-31 | — | — | — | — | — |
| 2027-12-31 | — | — | — | — | — |
| 2028-12-31 | — | — | — | — | — |
Income statement
| Period | Revenue | Gross profit | Operating income | Net income | EPS |
|---|---|---|---|---|---|
| 2025 Q2 | 6.97B | 3.08B | 1.83B | 1.21B | 2.46 |
| 2025 Q3 | 6.35B | 2.46B | 1.17B | 747.00M | 1.52 |
| 2025 Q4 | 6.60B | 2.66B | 1.22B | 821.00M | 1.69 |
| 2026 Q1 | 7.60B | 3.47B | 1.75B | 1.15B | 2.37 |
Balance sheet
| Period | Total assets | Liabilities | Cash | Debt | Equity |
|---|---|---|---|---|---|
| 2025 Q2 | 58.56B | 42.58B | 1.68B | 21.61B | 15.77B |
| 2025 Q3 | 58.78B | 43.42B | 2.51B | 21.43B | 15.15B |
| 2025 Q4 | 58.71B | 43.40B | 2.69B | 21.45B | 15.10B |
| 2026 Q1 | 58.55B | 43.75B | 1.61B | 22.45B | 14.57B |
Cash flow
| Period | Operating cash flow | Capital expenditure | Free cash flow | Dividends paid | Net cash change |
|---|---|---|---|---|---|
| 2025 Q2 | 1.67B | -59.00M | 1.61B | -406.00M | 73.00M |
| 2025 Q3 | 2.08B | -72.00M | 2.01B | -445.00M | 964.00M |
| 2025 Q4 | 2.16B | -105.00M | 2.06B | -444.00M | -352.00M |
| 2026 Q1 | -688.00M | -62.00M | -750.00M | -440.00M | -805.00M |
Key statistics
| Period | Market cap | Enterprise value | P/E | Price / sales | Debt / equity |
|---|---|---|---|---|---|
| 2025 Q2 | 107.57B | 127.50B | — | — | — |
| 2025 Q3 | 98.95B | 117.87B | — | — | — |
| 2025 Q4 | 90.35B | 109.11B | — | — | — |
| 2026 Q1 | 83.95B | 104.79B | — | — | — |
| 2026-06-30 | — | — | — | — | — |
| 2026-09-30 | — | — | — | — | — |
| 2026-12-31 | — | — | — | — | — |