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) Revenue
Marsh's revenue for fiscal 2025 was $27.0B, up 10.3% from $24.5B in fiscal 2024. Over the twelve months to 30 September 2026 it was $28.5B. Over the past ten years it has ranged from $12.9B (fiscal 2015) to $27.0B (fiscal 2025) — the current reading is the highest in ten years. Revenue has risen for 10 consecutive fiscal years. Marsh ranks 1st of 21 Insurance Brokers companies by revenue.
Revenue, annual
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Annual newest first
| Period | Revenue | Change |
|---|---|---|
| FY2025 | $27.0B | 10.32% |
| FY2024 | $24.5B | 7.57% |
| FY2023 | $22.7B | 9.73% |
| FY2022 | $20.7B | 4.54% |
| FY2021 | $19.8B | 15.07% |
| FY2020 | $17.2B | 3.44% |
| FY2019 | $16.7B | 11.38% |
| FY2018 | $15.0B | 6.60% |
| FY2017 | $14.0B | 6.15% |
| FY2016 | $13.2B | 2.47% |
Quarterly newest first
| Period | Revenue | Change |
|---|---|---|
| Sep 2026 | $6.9B | (7.31%) |
| Jun 2026 | $7.4B | (2.54%) |
| Mar 2026 | $7.6B | 15.19% |
| Dec 2025 | $6.6B | 3.84% |
| 43 more quarters | Free account |
Against its own ten years
Revenue against peers
| Company | Revenue |
|---|---|
| MRSH Marsh | $28.5B |
| AON Aon plc compare | $17.6B |
| AJG Arthur J. Gallagher & Co. compare | $15.8B |
| WTW Willis Towers Watson Public Limited Company compare | $10.1B |
| BRO Brown & Brown, Inc. compare | $6.8B |
| ERIE Erie Indemnity Company compare | $4.1B |
| BWIN Baldwin Insurance Group, Inc. compare | $1.7B |
| ARX Accelerant Holdings compare | $1.1B |
| CRVL CorVel Corp. compare | $983.7M |
What Revenue is
Revenue tells an investor how much a company brought in from selling its goods and services over a period, before any costs are taken out.
Reported line item
More on MRSH
- Net income
- 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