FINHUB Insights

MRSH · Q2 FY25 · Apr 1 – Jun 30, 2025

Marsh McLennan Q2 FY25: where the revenue came from and where it went

Marsh McLennan Q2 FY25: revenue $7B (+12% year over year). Net profit $1.2B. Largest cohort Risk and Insurance $4.6B. The whole income statement as a sankey diagram from the SEC filing.

Period
Apr 1 – Jun 30, 2025
Reported
Jul 17, 2025 10-Q
Sankey diagram of Marsh McLennan's income statement for Q2 FY25: revenue of $7 billion splits into segments and flows out into costs, taxes and net profit.

Tap the diagram to enlarge · figures in billions of dollars

Revenue$7B +12% year over year
Operating profit$1.8B 26% margin
Net profit$1.2B 17% margin

The numbers

All figures in billions of U.S. dollars, for Q2 FY25 (period ends Jun 30, 2025).
ItemValueShare of revenueYear over year
Revenue 7 100% +12%
Risk and Insurance 4.6 66%
Consulting 2.4 34%
Operating−-0.174%+0pp
Compensation and benefits−3.956%+0pp
Other operating−1.318%+0pp
Operating profit1.826% margin+0pp
Tax−0.4
Interest & other costs−0.2
Net profit1.217%−1pp
Filing on EDGAR More quarters of MRSH

Source of the numbers: tables in the filing (10-Q). The diagram is generated automatically and checked against EDGAR before release. How we calculate it → About and methodology.

Older quarters