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 growth
Marsh's revenue growth over the twelve months to 30 September 2026 was 7.58%, down 2.7 percentage points from fiscal 2025 (10.3%). Over the past ten years it has ranged from −0.45% (fiscal 2015) to 15.1% (fiscal 2021); the current reading is higher than 82% of that period. That is above the Insurance Brokers industry median of 7.09% and in line with the Financial sector median of 7.51%.
Revenue growth, annual
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Annual newest first
| Period | Revenue growth | Change (points) |
|---|---|---|
| FY2025 | 10.3% | 2.75 |
| FY2024 | 7.57% | (2.16) |
| FY2023 | 9.73% | 5.19 |
| FY2022 | 4.54% | (10.53) |
| FY2021 | 15.1% | 11.63 |
| FY2020 | 3.44% | (7.94) |
| FY2019 | 11.4% | 4.78 |
| FY2018 | 6.60% | 0.45 |
| FY2017 | 6.15% | 3.68 |
| FY2016 | 2.47% | 2.92 |
Quarterly newest first
| Period | Revenue growth | Change (points) |
|---|---|---|
| Sep 2026 | 8.06% | 1.89 |
| Jun 2026 | 6.17% | (1.42) |
| Mar 2026 | 7.59% | (1.11) |
| Dec 2025 | 8.70% | (2.78) |
| 43 more quarters | Free account |
Against its own ten years
Revenue growth against peers
| Company | Revenue growth |
|---|---|
| ARX Accelerant Holdings compare | 54.6% |
| BRO Brown & Brown, Inc. compare | 34.2% |
| AJG Arthur J. Gallagher & Co. compare | 26.3% |
| BWIN Baldwin Insurance Group, Inc. compare | 19.0% |
| MRSH Marsh | 7.58% |
| CRVL CorVel Corp. compare | 7.09% |
| AON Aon plc compare | 4.92% |
| ERIE Erie Indemnity Company compare | 3.67% |
| WTW Willis Towers Watson Public Limited Company compare | 3.00% |
| Insurance Brokers industry median | 7.09% |
| Financial sector median | 7.51% |
| Market median | 7.41% |
What Revenue growth is
Revenue Growth shows how fast a company’s sales are rising or falling compared with the same period a year earlier.
(Revenue − Revenue a year earlier) ÷ |Revenue a year earlier|
More on MRSH
- Revenue
- 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
- Piotroski F-score
- The full statement