Marsh & McLennan Companies revenue and financials

MRSH · NYSE · USD

$171.74+0.77%+$1.31

Close · October 6, 2026

In the fiscal year ended December 2025, Marsh & McLennan Companies reported revenue of $26.98B (+10.32% year over year). Net income was $4.16B, a net margin of 15.4%.

Annual revenue · 2025: $26.98B

$13.21B2016
$14.02B2017
$14.95B2018
$16.65B2019
$17.22B2020
$19.82B2021
$20.72B2022
$22.74B2023
$24.46B2024
$26.98B2025

Fiscal year ending in December. Sources and method on the page Methodology and sources.

At a glance

Revenue growth: +10.32%; 2025 vs 2024
Net income growth: +2.46%; 2025 vs 2024
Net margin: 15.4%; 2024: 16.6%

Financial data

Amounts in millions of USD; per-share values in USD; shares in millions.

Income statement · Annual
Item	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
Total revenue	26,981	24,458	22,736	20,720	19,820	17,224	16,652	14,950	14,024	13,211
Cost of revenue	15,209	13,565	12,712	11,725	11,110	—	—	—	—	—
Gross profit	11,772	10,893	10,024	8,995	8,710	—	—	—	—	—
Operating income	6,223	5,817	5,282	4,280	4,312	3,066	2,677	2,761	2,655	2,431
EBIT	6,921	6,480	5,822	4,942	4,752	—	—	—	—	—
EBITDA	7,831	7,226	6,535	5,661	5,499	—	—	—	—	—
Interest expense	960	700	578	469	444	515	524	290	237	189
Pre-tax income	5,539	5,480	5,026	4,082	4,208	—	—	—	—	—
Income tax	1,305	1,363	1,224	995	1,034	747	666	574	1,133	685
Net income	4,160	4,060	3,756	3,050	3,143	2,016	1,742	1,650	1,492	1,768
Net income to common shareholders	4,160	4,060	3,756	3,050	3,143	—	—	—	—	—
Basic EPS	8.48	8.26	7.60	6.11	6.20	3.98	3.44	3.26	2.91	3.41
Diluted EPS	8.43	8.18	7.53	6.04	6.13	3.94	3.41	3.23	2.87	3.38
Average shares (basic)	491	492	494	499	507	—	—	—	—	—
Average shares (diluted)	494	496	499	505	513	512	511	511	519	524
Dividend per share	3.52	3.16	2.72	2.31	2.07	—	—	—	—	—