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Saturday 17 October 2026 Export MRSH’s income statement to Excel — free account

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
Overview Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios Filings 10-Q 10-K

Marsh (MRSH) Book value per share

Alert me on Book value per share

Marsh's book value per share at the end of fiscal 2025 was 31.2×, up 13.4% from 27.5× in fiscal 2024. At the end of the quarter to 30 September 2026 it was 31.3×. Over the past ten years it has ranged from 12.1× (fiscal 2016) to 31.2× (fiscal 2025) — the current reading is the highest in ten years. Marsh ranks 6th of 22 Insurance Brokers companies by book value per share.

Book value per share, annual

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Annual newest first

Period Book value per share Change
FY2025 31.2× 13.38%
FY2024 27.5× 9.86%
FY2023 25.0× 16.25%
FY2022 21.5× (2.68%)
FY2021 22.1× 20.95%
FY2020 18.3× 16.58%
FY2019 15.7× 4.73%
FY2018 15.0× 3.32%
FY2017 14.5× 20.04%
FY2016 12.1× (2.80%)

Quarterly newest first

Period Book value per share Change
Sep 2026 31.3× (2.58%)
Jun 2026 32.2× 5.10%
Mar 2026 30.6× (1.93%)
Dec 2025 31.2× (0.29%)
43 more quarters

Against its own ten years

Low 12.1× High 31.2×
Ten-year median 18.3×
Current reading's percentile 100

Book value per share against peers

Company Book value per share
AJG Arthur J. Gallagher & Co. compare 92.5×
WTW Willis Towers Watson Public Limited Company compare 82.7×
ERIE Erie Indemnity Company compare 53.4×
AON Aon plc compare 45.4×
BRO Brown & Brown, Inc. compare 38.3×
MRSH Marsh 31.3×
BWIN Baldwin Insurance Group, Inc. compare 15.3×
CRVL CorVel Corp. compare 8.0×
ARX Accelerant Holdings compare 3.4×

What Book value per share is

BV per Share tells an investor how much of a company’s accounting net worth stands behind each share.

(Shareholders Equity (Total) ÷ Shares (Basic, Weighted))

The full definition of Book value per share →

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