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) Shares outstanding
Marsh's shares outstanding at the end of fiscal 2025 was $494.0M, unchanged from fiscal 2024. At the end of the quarter to 30 September 2026 it was $479.0M. Over the past ten years it has ranged from $494.0M (fiscal 2025) to $536.0M (fiscal 2015) — the current reading is the lowest in ten years. Marsh ranks 1st of 21 Insurance Brokers companies by shares outstanding.
Shares outstanding, annual
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Annual newest first
| Period | Shares outstanding | Change |
|---|---|---|
| FY2025 | $494.0M | (0.40%) |
| FY2024 | $496.0M | (0.60%) |
| FY2023 | $499.0M | (1.19%) |
| FY2022 | $505.0M | (1.56%) |
| FY2021 | $513.0M | 0.20% |
| FY2020 | $512.0M | 0.20% |
| FY2019 | $511.0M | 0.00% |
| FY2018 | $511.0M | (1.54%) |
| FY2017 | $519.0M | (0.95%) |
| FY2016 | $524.0M | (2.24%) |
Quarterly newest first
| Period | Shares outstanding | Change |
|---|---|---|
| Sep 2026 | $479.0M | (0.62%) |
| Jun 2026 | $482.0M | (0.82%) |
| Mar 2026 | $486.0M | (1.62%) |
| Dec 2025 | $494.0M | 0.00% |
| 43 more quarters | Free account |
Against its own ten years
Shares outstanding against peers
| Company | Shares outstanding |
|---|---|
| MRSH Marsh | $479.0M |
| BRO Brown & Brown, Inc. compare | $334.0M |
| AJG Arthur J. Gallagher & Co. compare | $258.7M |
| ARX Accelerant Holdings compare | $219.7M |
| AON Aon plc compare | $213.9M |
| WTW Willis Towers Watson Public Limited Company compare | $94.0M |
| BWIN Baldwin Insurance Group, Inc. compare | $92.8M |
| ERIE Erie Indemnity Company compare | $52.3M |
| CRVL CorVel Corp. compare | $50.9M |
What Shares outstanding is
Shares (Diluted, Weighted) tells an investor how many shares a company’s earnings are spread across once potential new shares are counted.
Reported line item
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
- Book value per share
- Revenue growth
- Piotroski F-score
- The full statement