Marsh McLennan Q2 FY26: 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
- 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
| 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 |
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