Marsh McLennan Q3 FY25: where the revenue came from and where it went
The whole income statement of Marsh McLennan for this quarter, as one diagram: what earned the revenue, and what it went on.
- Period
- Jul 1 – Sep 30, 2025
- Reported
- Oct 16, 2025
Revenue$6.35B
+11% year over year
Operating profit$1.17B
18% margin
Net profit$0.75B
12% margin
The numbers
| 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 |
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