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 (MRSH) Net income
Marsh's net income for fiscal 2025 was $4.2B, unchanged from fiscal 2024. Over the twelve months to 30 September 2026 it was $4.1B. Over the past ten years it has ranged from $1.5B (fiscal 2017) to $4.2B (fiscal 2025) — the current reading is the highest in ten years. Net income has risen for 3 consecutive fiscal years. Marsh ranks 1st of 22 Insurance Brokers companies by net income.
Net income, annual
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Annual newest first
| Period | Net income | Change |
|---|---|---|
| FY2025 | $4.2B | 2.84% |
| FY2024 | $4.1B | 8.29% |
| FY2023 | $3.8B | 23.16% |
| FY2022 | $3.1B | (2.74%) |
| FY2021 | $3.2B | 55.13% |
| FY2020 | $2.0B | 15.40% |
| FY2019 | $1.8B | 6.17% |
| FY2018 | $1.7B | 10.45% |
| FY2017 | $1.5B | (15.77%) |
| FY2016 | $1.8B | 9.72% |
Quarterly newest first
| Period | Net income | Change |
|---|---|---|
| Sep 2026 | $812.0M | (37.10%) |
| Jun 2026 | $1.3B | 8.85% |
| Mar 2026 | $1.2B | 42.21% |
| Dec 2025 | $834.0M | 10.17% |
| 43 more quarters | Free account |
Against its own ten years
Net income against peers
| Company | Net income |
|---|---|
| MRSH Marsh | $4.1B |
| AON Aon plc compare | $4.0B |
| WTW Willis Towers Watson Public Limited Company compare | $1.6B |
| AJG Arthur J. Gallagher & Co. compare | $1.6B |
| BRO Brown & Brown, Inc. compare | $1.2B |
| ERIE Erie Indemnity Company compare | $559.3M |
| CRVL CorVel Corp. compare | $115.3M |
| BWIN Baldwin Insurance Group, Inc. compare | −$131.8M |
| ARX Accelerant Holdings compare | −$1.3B |
What Net income is
Net Income tells an investor how much profit a company kept in a period after every cost, interest charge and tax.
Reported line item
More on MRSH
- Revenue
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- The full statement