Marsh

MRSH Financial Insurance Brokers

Marsh’s revenue for fiscal 2025 (year ended December 2025) was $27.0 billion, up 10.3% from fiscal 2024. In the quarter to September 2026, revenue grew 8.06%, EPS grew 12.2%, free cash flow fell 9.99% and total debt rose 3.12%, each against the same quarter a year earlier. Member of the S&P 500; dividend growth for ten consecutive years, revenue growth for ten, operating cash flow growth for three.

188.35 1.81 +0.97%
Market cap
$89.0B
P/E
22.4×
Fwd P/E
19.2×
Dividend yield
2.01%
F-score
6/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a

Marsh 10-Q filed Oct 15, 2026

Fiscal Q3 2026 · Period ended Sep 30, 2026 · Filed · accepted 8:16 AM ET · Document on sec.gov · Filing index

What changed

Part I, Item 2, Management’s Discussion and Analysis, against the 10-Q filed Jul 21, 2026: 8 added · 11 removed · 60 modified; 40 with only figures updated

  1. Modified

    References in this report are to Marsh & McLennan Companies, Inc. and its consolidated subsidiaries (the "Company" or "Marsh"), unless the context otherwise requires. Effective January 14, 2026, the Company updated its brand name from Marsh McLennan to Marsh and the brand names of Marsh and Oliver Wyman Group businesses to Marsh Risk ("Risk") and Marsh Management Consulting ("Management Consulting"), respectively. References to As a result of the Company Company's previously announced brand change, results that were previously reported under our Guy Carpenter business will now be reported as "Reinsurance" and its businesses in this report reflect these changesresults that were previously reported as Mercer will now be reported as "People and Investments". Mercer Within People and Guy Carpenter Investments, results for Wealth will continue now be reported as "Investments and Retirement", Health will now be reported as "Health and Benefits" and Career will now be reported as "Workforce and Rewards". References to report under their current brands through a transition periodthe Company and its businesses in this report reflect these changes.

78 more changes in this Item, word by word, in Powerpack.

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