Marsh & McLennan Companies
MRSH · NYSE
Key indicators
MRSH profitability and balance sheet ratios
EPS $1.69 in Q3 FY26, up 11.6% on a year earlier.
| Period | EPS |
|---|---|
| Dec 2024 | $1.59 |
| Mar 2025 | $2.79 |
| Jun 2025 | $2.45 |
| Sep 2025 | $1.51 |
| Dec 2025 | $1.67 |
| Q1 FY26 | $2.36 |
| Q2 FY26 | $2.63 |
| Q3 FY26 | $1.69 |
Where the money went
Q3 FY26, from revenue to net income
Marsh & McLennan Companies brought in $6.9B of revenue in Q3 FY26. 12¢ of every dollar became profit.
- Revenue
- $6.9B
- Costs, expenses and taxes
- $6.1B
- Net income
- $0.8B
- Net margin
- 11.8%
Income statement
Revenue and profit by reporting period
| Line item | Q1 FY26 | Q2 FY26 | Q3 FY26 |
|---|---|---|---|
| Revenue | $7.6B | $7.4B | $6.9B |
| Gross profit | $7.6B | $7.4B | $6.9B |
| Operating income | $1.8B | $1.9B | $1.2B |
| Net income | $1.1B | $1.3B | $0.8B |
| Diluted EPS | $2.36 | $2.63 | $1.69 |
Balance sheet
What the company owns and owes at period end
| Line item | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|
| Total assets | $58.6B | $59.7B | $59.8B |
| Total liabilities | $44.0B | $44.5B | $45.1B |
| Shareholder equity | $14.6B | $15.2B | $14.7B |
| Cash and short-term investments | $1.1B | $1.1B | $1.2B |
| Total debt | $20.6B | $20.6B | $20.5B |
Cash flow
Cash in and out from operations, investing and financing
| Line item | Q1 FY26 | Q2 FY26 | Q3 FY26 |
|---|---|---|---|
| Operating cash flow | −$0.7B | $1.5B | $1.5B |
| Investing cash flow | −$0.1B | −$0.2B | −$0.2B |
| Financing cash flow | $0.1B | −$0.8B | −$1.1B |
| Capital expenditure | −$0.1B | −$0.1B | −$0.1B |
| Free cash flow | −$0.8B | $1.5B | $1.4B |
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