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MARSH & MCLENNAN COMPANIES, INC.

MRSHNYSE

Built from MARSH & MCLENNAN COMPANIES, INC.'s own SEC filings · updates as new filings land · sources cited throughout

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← Research LibraryThe BriefFY2025 10-K · headline figures audited against SEC data

Revenue rose 10.3% to $26.98B, 4% underlying and 6% from acquisitions, while buybacks more than doubled to $2.01B.

The read at a glance✓ Audited against SEC data
  • Growth — Revenue +10.3% to $26.98B; 4% underlyingOK
  • Profitability — Operating income $6.2bn, +7%; operating margin 23.1%, down 72 bpsNote
  • Cash — Free cash flow $5.00B, +25.5%OK
  • Accounting — Earnings quality safeOK
  • Capital — Buybacks $2.01B, +123.6%; dividends $1.70B, +12.3%Note
  • Mix — Risk and Insurance $17.27B; Consulting $9.79BNote

Business

Marsh operates through two segments: Risk and Insurance Services, which covers risk management and insurance and reinsurance broking through Marsh Risk and Guy Carpenter, and Consulting, which covers health, wealth and career advice and management consulting through Mercer and Marsh Management Consulting.

Where the revenue comes from

Fiscal 2025, as MARSH & MCLENNAN COMPANIES, INC. reports it. History and quarterly detail are in the app.

  • Risk and Insurance Services$17.3B
  • Consulting$9.8B

Leadership changes

From MARSH & MCLENNAN COMPANIES, INC.'s own filings, the day they're filed.

  • Mark McGivney · President · appointmenteff. 2026-04-08
  • Nick Studer · President · appointmenteff. 2026-04-01
  • Peter Harrison · appointmenteff. 2026-02-25

Latest filings

  • 10-Q · Quarterly report2026-07-21
  • 8-K · Company announcement2026-07-21
  • 8-K · Company announcement2026-06-04
  • 8-K · Company announcement2026-05-22
  • 8-K · Company announcement2026-04-16
In the full recordFree for 14 days
  • What changed🔒
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  • Growth quality🔒
  • Margins & accounting🔒
  • Capital allocation🔒
  • Real risks🔒
  • The long arc🔒
  • Company history🔒
  • The filings, readable — with what changed vs the prior year highlighted🔒
  • Full financial statements, industry-aware, sources cited throughout🔒
  • Forensic score history & components — the trend, not one year🔒
  • Ownership: insider buys/sells, clusters, activist stakes🔒
  • Ana — ask about MARSH & MCLENNAN COMPANIES, INC., every answer cited to the official filings🔒

Every figure comes from the company's filings, and analysis whose figures don't match SEC data is rejected before publication.

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