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.
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Marsh 10-Q filed Oct 15, 2026
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
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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 toAs a result of theCompanyCompany's previously announced brand change, results that were previously reported under our Guy Carpenter business will now be reported as "Reinsurance" andits businesses in this report reflect these changesresults that were previously reported as Mercer will now be reported as "People and Investments".MercerWithin People andGuy CarpenterInvestments, results for Wealth willcontinuenow 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 toreport 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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