Pricing Log in Create free account
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) P/E ratio

Alert me on P/E ratio

As of 16 October 2026, Marsh (MRSH) trades at a P/E ratio of 22.4×. Over the past ten years it has ranged from 17.1× (January 2016) to 37.7× (December 2019); the current reading is higher than 31% of that period. That is below the Insurance Brokers industry median of 25.2× and above the Financial sector median of 12.4×.

P/E ratio, daily

Embed this chart

Annual newest first

Period P/E ratio Change
FY2025 21.9× (15.13%)
FY2024 25.8× 3.02%
FY2023 25.0× (8.04%)
FY2022 27.2× (3.10%)
FY2021 28.1× (4.48%)
FY2020 29.4× (8.97%)
FY2019 32.3× 32.01%
FY2018 24.5× (11.46%)
FY2017 27.6× 38.82%
FY2016 19.9× 7.68%

Quarterly newest first

Period P/E ratio Change
Sep 2026 20.3× 0.17%
Jun 2026 20.3× (6.01%)
Mar 2026 21.6× (1.39%)
Dec 2025 21.9× (8.92%)
43 more quarters

Against its own ten years

Low 17.1× High 37.7×
Ten-year median 25.9×
Current reading's percentile 25

P/E ratio against peers

Company P/E ratio
BWIN Baldwin Insurance Group, Inc. compare n/m
ARX Accelerant Holdings compare n/m
AON Aon plc compare 16.0×
WTW Willis Towers Watson Public Limited Company compare 19.3×
BRO Brown & Brown, Inc. compare 19.3×
ERIE Erie Indemnity Company compare 19.7×
MRSH Marsh 22.4×
CRVL CorVel Corp. compare 35.4×
AJG Arthur J. Gallagher & Co. compare 41.6×
Insurance Brokers industry median 25.2×
Financial sector median 12.4×
Market median 18.1×

What P/E ratio is

Price to Earnings Ratio shows how much investors pay for each dollar of a company’s annual profit per share.

Stock Price ÷ EPS (Basic) (TTM)

The full definition of P/E ratio →

More on MRSH