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) Total debt
Marsh's total debt at the end of fiscal 2025 was $18.3B, down 5.70% from $19.4B in fiscal 2024. At the end of the quarter to 30 September 2026 it was $18.9B. Over the past ten years it has ranged from $4.4B (fiscal 2015) to $19.4B (fiscal 2024); the current reading is higher than 91% of that period. Marsh ranks 1st of 22 Insurance Brokers companies by total debt.
Total debt, annual
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Annual newest first
| Period | Total debt | Change |
|---|---|---|
| FY2025 | $18.3B | (5.70%) |
| FY2024 | $19.4B | 64.03% |
| FY2023 | $11.8B | 5.50% |
| FY2022 | $11.2B | 2.69% |
| FY2021 | $10.9B | 1.27% |
| FY2020 | $10.8B | 0.51% |
| FY2019 | $10.7B | 94.94% |
| FY2018 | $5.5B | 5.45% |
| FY2017 | $5.2B | 16.24% |
| FY2016 | $4.5B | 2.11% |
Quarterly newest first
| Period | Total debt | Change |
|---|---|---|
| Sep 2026 | $18.9B | (0.01%) |
| Jun 2026 | $18.9B | (0.05%) |
| Mar 2026 | $18.9B | 3.17% |
| Dec 2025 | $18.3B | 0.02% |
| 43 more quarters | Free account |
Against its own ten years
Total debt against peers
| Company | Total debt |
|---|---|
| MRSH Marsh | $18.9B |
| AON Aon plc compare | $15.0B |
| AJG Arthur J. Gallagher & Co. compare | $12.0B |
| BRO Brown & Brown, Inc. compare | $7.8B |
| WTW Willis Towers Watson Public Limited Company compare | $6.5B |
| BWIN Baldwin Insurance Group, Inc. compare | $2.5B |
| ARX Accelerant Holdings compare | $120.1M |
| ERIE Erie Indemnity Company compare | $40.0M |
| CRVL CorVel Corp. compare | $34.6M |
What Total debt is
Total Debt tells an investor how much a company has borrowed in all, whether the money is due within a year or later.
Long Term Debt (Total) + Current Part of Debt
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
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- The full statement