FINHUB Insights

MRSH · Q3 FY25 · Jul 1 – Sep 30, 2025

Marsh McLennan Q3 FY25: where the revenue came from and where it went

Marsh McLennan Q3 FY25: revenue $6.4B (+11% year over year). Net profit $0.7B. Largest cohort Marsh $3.5B. The whole income statement as a sankey diagram from the SEC filing.

Period
Jul 1 – Sep 30, 2025
Reported
Oct 16, 2025 10-Q
Sankey diagram of Marsh McLennan's income statement for Q3 FY25: revenue of $6.4 billion splits into segments and flows out into costs, taxes and net profit.

Tap the diagram to enlarge · figures in billions of dollars

Revenue$6.4B +11% year over year
Operating profit$1.2B 18% margin
Net profit$0.7B 12% margin

The numbers

All figures in billions of U.S. dollars, for Q3 FY25 (period ends Sep 30, 2025).
ItemValueShare of revenueYear 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−082%+0pp
Compensation and benefits−3.961%+0pp
Other operating−1.320%+0pp
Operating profit1.218% margin−1pp
Tax−0.3
Interest & other costs−0.2
Net profit0.712%−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.

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