Marsh McLennan

MRSH Financials Market cap $86.1B as of Sep 14, 2026 16:00 ET S&P 500

Q2 FY26 Apr 1 – Jun 30, 2026 reported Jul 21, 2026

Revenue$7.40B +6% year over year

Operating profit$1.90B 26% margin

Net profit$1.27B 17% margin

The numbers behind the diagram

All figures in billions of U.S. dollars, for Q2 FY26 (period ends Jun 30, 2026).
Item	Value	Share of revenue	Year over year
Revenue	7.40	100%	+6%
Risk and Insurance	4.82	65%	+4%
Consulting	2.60	35%	+10%
Other and unallocated	−0.02	0%
Operating expenses	−5.51	74%
Compensation and benefits	−4.14	56%	+0pp
Other operating	−1.36	18%	+0pp
Operating profit	1.90	26% margin	−1pp
Interest & other costs	−0.22
Tax	−0.41
Net profit	1.27	17% margin	+0pp

Figures are rounded to the precision shown, so a column can differ slightly from its own total.

Filing on EDGAR This quarter on its own page

All figures in billions of U.S. dollars, for Q1 FY26 (period ends Mar 31, 2026).
Item	Value	Share of revenue	Year over year
Revenue	7.6	100%	+8%
Marsh Risk	3.8	50%
Mercer	1.7	22%
Guy Carpenter	1.3	17%
Marsh Management Consulting	0.9	12%
Other and unallocated	−0.1	−1%
Operating expenses	−5.8	76%
Compensation and benefits	−4.1	54%	+0pp
Other operating	−1.7	22%	+0pp
Operating profit	1.8	23% margin	−5pp
Interest & other costs	−0.2
Tax	−0.5
Net profit	1.1	15% margin	−4pp

Filing on EDGAR This quarter on its own page

All figures in billions of U.S. dollars, for Q3 FY25 (period ends Sep 30, 2025).
Item	Value	Share of revenue	Year over year
Revenue	6.35	100%	+11%
Risk and Insurance	3.91	61%
Consulting	2.47	39%
Other and unallocated	−0.02	0%
Operating expenses	−5.18	82%
Compensation and benefits	−3.89	62%	+0pp
Other operating	−1.29	20%	+0pp
Operating profit	1.17	18% margin	−1pp
Interest & other costs	−0.17
Tax	−0.25
Net profit	0.75	12% margin	−1pp

Figures are rounded to the precision shown, so a column can differ slightly from its own total.

Filing on EDGAR This quarter on its own page

All figures in billions of U.S. dollars, for Q2 FY25 (period ends Jun 30, 2025).
Item	Value	Share of revenue	Year over year
Revenue	6.97	100%	+12%
Risk and Insurance	4.63	66%
Consulting	2.37	34%
Other and unallocated	−0.02	0%
Operating expenses	−5.15	74%
Compensation and benefits	−3.90	56%	+0pp
Other operating	−1.25	18%	+0pp
Operating profit	1.83	26% margin	+0pp
Interest & other costs	−0.20
Tax	−0.42
Net profit	1.21	17% margin	−1pp

Figures are rounded to the precision shown, so a column can differ slightly from its own total.

Filing on EDGAR This quarter on its own page

Financial health

The balance sheet, the quarter's capital flow, the debt schedule and the capital structure of the quarter shown above.

Every set of results we hold, newest first. Open one on its own page.

Quarter	Period	Reported	Revenue	Year over year	Operating margin	Net profit	Net margin
Q2 FY26 Apr 1 – Jun 30, 2026 reported Jul 21, 2026 Operating margin 26% Net profit $1.3B	Apr 1 – Jun 30, 2026	Jul 21, 2026	$7.4B	+6%	26%	$1.3B	17%
Q1 FY26 ended Mar 31, 2026 reported Apr 16, 2026 Operating margin 23% Net profit $1.1B	ended Mar 31, 2026	Apr 16, 2026	$7.6B	+8%	23%	$1.1B	15%
Q3 FY25 Jul 1 – Sep 30, 2025 reported Oct 16, 2025 Operating margin 18% Net profit $0.7B	Jul 1 – Sep 30, 2025	Oct 16, 2025	$6.4B	+11%	18%	$0.7B	12%
Q2 FY25 Apr 1 – Jun 30, 2025 reported Jul 17, 2025 Operating margin 26% Net profit $1.2B	Apr 1 – Jun 30, 2025	Jul 17, 2025	$7.0B	+12%	26%	$1.2B	17%