stockrowMarsh
MRSH Financial Insurance Brokers
Marsh’s revenue for fiscal 2025 (year ended December 2025) was $27.0 billion, up 10.3% from fiscal 2024.
- Revenue
- +8.06%
- EPS
- +11.8%
- Free cash flow
- −30.5%
- Total debt
- +3.12%
Quarter to September 2026, against a year earlier
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Marsh (MRSH) Operating cash flow
Marsh's operating cash flow for fiscal 2025 was $5.3B, up 23.0% from $4.3B in fiscal 2024. Over the twelve months to 30 September 2026 it was $4.5B. Over the past ten years it has ranged from $1.9B (fiscal 2015) to $5.3B (fiscal 2025) — the current reading is the highest in ten years. Operating cash flow has risen for 3 consecutive fiscal years. Marsh ranks 1st of 23 Insurance Brokers companies by operating cash flow.
Operating cash flow, annual
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Annual newest first
| Period | Operating cash flow | Change |
|---|---|---|
| FY2025 | $5.3B | 23.01% |
| FY2024 | $4.3B | 1.03% |
| FY2023 | $4.3B | 22.89% |
| FY2022 | $3.5B | (1.45%) |
| FY2021 | $3.5B | 3.96% |
| FY2020 | $3.4B | 43.24% |
| FY2019 | $2.4B | (2.76%) |
| FY2018 | $2.4B | 28.26% |
| FY2017 | $1.9B | (5.68%) |
| FY2016 | $2.0B | 6.30% |
Quarterly newest first
| Period | Operating cash flow | Change |
|---|---|---|
| Sep 2026 | $1.5B | (2.95%) |
| Jun 2026 | $1.5B | — |
| Mar 2026 | −$688.0M | — |
| Dec 2025 | $2.2B | 3.79% |
| 43 more quarters | Free account |
Against its own ten years
Operating cash flow against peers
| Company | Operating cash flow |
|---|---|
| MRSH Marsh | $4.5B |
| AON Aon plc compare | $3.6B |
| AJG Arthur J. Gallagher & Co. compare | $2.4B |
| WTW Willis Towers Watson Public Limited Company compare | $2.0B |
| BRO Brown & Brown, Inc. compare | $1.6B |
| ERIE Erie Indemnity Company compare | $691.8M |
| RYAN Ryan Specialty Holdings Inc. compare | $570.2M |
| CRVL CorVel Corp. compare | $150.6M |
| BWIN Baldwin Insurance Group, Inc. compare | $90.8M |
What Operating cash flow is
Operating Cash Flow shows how much cash a company’s day-to-day business actually brings in, after paying suppliers, staff and taxes.
Reported line item
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- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free 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