Marsh McLennan

MRSH · Financials · Market cap $90.8B

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

Revenue$7.4B +6% year over year

Gross profit–

Operating profit$1.9B

Net profit$1.3B 17% margin

Numbers and detail

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	7.4	100%	+6%
Marsh Risk	4.1	55%
Mercer	1.6	22%
Marsh Management Consulting	1	14%
Guy Carpenter	0.7	9%
Operating	−0	74%	+0pp
Compensation and benefits	−4.1	56%	+0pp
Other operating	−1.4	18%	+0pp
Operating profit	1.9	26% margin	−1pp
Tax	−0.4
Interest & other costs	−0.2
Net profit	1.3	17%	+0pp

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%
Operating	−0	77%	+0pp
Compensation and benefits	−4.1	54%	+0pp
Other operating	−1.7	23%	+0pp
Operating profit	1.8	23% margin	−5pp
Tax	−0.5
Interest & other costs	−0.2
Net profit	1.1	15%	−4pp

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	6.4	100%	+11%
Marsh	3.5	55%
Mercer	1.6	25%
Oliver Wyman Group	0.9	14%
Guy Carpenter	0.4	6%
Operating	−0	82%	+0pp
Compensation and benefits	−3.9	61%	+0pp
Other operating	−1.3	20%	+0pp
Operating profit	1.2	18% margin	−1pp
Tax	−0.3
Interest & other costs	−0.2
Net profit	0.7	12%	−1pp

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	7	100%	+12%
Risk and Insurance	4.6	66%
Consulting	2.4	34%
Operating	−-0.1	74%	+0pp
Compensation and benefits	−3.9	56%	+0pp
Other operating	−1.3	18%	+0pp
Operating profit	1.8	26% margin	+0pp
Tax	−0.4
Interest & other costs	−0.2
Net profit	1.2	17%	−1pp

Quarter by quarter

Pick a quarter and the diagram above changes. Bars compare revenue across the quarters we hold.

Quarter	Period	Reported	Revenue	Year over year	Operating margin	Net profit	Net margin
Q2 FY26	Apr 1 – Jun 30, 2026	Jul 21, 2026	$7.4B	+6%	26%	$1.3B	17%
Q1 FY26	Mar 31, 2026	Apr 16, 2026	$7.6B	+8%	24%	$1.1B	15%
Q3 FY25	Jul 1 – Sep 30, 2025	Oct 16, 2025	$6.4B	+11%	19%	$0.7B	12%
Q2 FY25	Apr 1 – Jun 30, 2025	Jul 17, 2025	$7B	+12%	26%	$1.2B	17%