FY2025 · ended Dec 31, 2025 · Revenue $26.98B, +10.3% YoY · Filed Feb 9, 2026
Marsh & Mclennan Companies, Inc. (MRSH) files with the SEC under industry code 6411, Insurance Agents, Brokers & Service. In fiscal 2025, which ended Dec 31, 2025, it reported revenue of $27.0 billion and net income of $4.2 billion. Free cash flow was $5.0 billion. As of Sep 30, 2026 it held $1.8 billion in cash and investments and $22.3 billion in total debt.
Revenue (TTM)
$28.46B
+7.6% vs year-ago TTM
Net income (TTM)
$4.04B
-2.1% vs year-ago TTM
Operating cash flow (TTM)
$4.47B
-12.1% vs year-ago TTM
Free cash flow (TTM)
$4.15B
-13.9% vs year-ago TTM
EPS (TTM)
$8.34
+0.1% vs year-ago TTM
Dividend per share (TTM)
$3.78
Shares outstanding
484.12M
-1.4% vs prior year
Net cash
$-20.49B
as of Sep 30, 2026
Operating margin
21.4%
FY 2026
Company profile
- Industry
- Insurance Agents, Brokers & Service (SIC 6411)
- Listed as
- MRSH (NYSE)
- Fiscal year ends
- December 31
- Incorporated in
- DE
- Headquarters
- New York, NY
- SEC filer status
- Large accelerated filer
- SEC CIK
- 62709
- Former names
- MARSH & MCLENNAN COMPANIES INC (until Jan 31, 2005)
Other Insurance Agents, Brokers & Service companies
Key figures
Fiscal-year totals from the annual reports. Balance sheet lines are as of each year end.
| Line | FY 2025 Dec 31, 2025 |
FY 2024 Dec 31, 2024 |
FY 2023 Dec 31, 2023 |
FY 2022 Dec 31, 2022 |
FY 2021 Dec 31, 2021 |
|---|---|---|---|---|---|
| Revenue | $27.0B | $24.5B | $22.7B | $20.7B | $19.8B |
| Operating income | $6.2B | $5.8B | $5.3B | $4.3B | $4.3B |
| Net income | $4.2B | $4.1B | $3.8B | $3.0B | $3.1B |
| Diluted EPS | $8.43 | $8.18 | $7.53 | $6.04 | $6.13 |
| Operating cash flow | $5.3B | $4.3B | $4.3B | $3.5B | $3.5B |
| Free cash flow | $5.0B | $4.0B | $3.8B | $3.0B | $3.1B |
| Total assets | $58.7B | $56.5B | $48.0B | $44.1B | $44.0B |
| Stockholders' equity | $15.3B | $13.5B | $12.4B | $10.7B | $11.2B |
| Cash and investments | $2.7B | $2.4B | $3.4B | $1.4B | $1.8B |
| Total debt | $21.4B | $21.9B | $15.4B | $13.7B | $13.2B |
Recent SEC filings
| Form | Description | Filed | Period |
|---|---|---|---|
| 8-K |
Current report
Other events
|
Oct 27, 2026 | Oct 27, 2026 |
| 10-Q | Quarterly report | Oct 15, 2026 | Sep 30, 2026 |
| 8-K |
Current report
Results of operations
|
Oct 15, 2026 | Oct 15, 2026 |
| 10-Q | Quarterly report | Jul 21, 2026 | Jun 30, 2026 |
| 8-K |
Current report
Results of operations
|
Jul 21, 2026 | Jul 21, 2026 |
| 8-K |
Current report
Material agreement, Agreement ended
|
Jun 4, 2026 | Jun 2, 2026 |
All 1005 Marsh & Mclennan Companies, Inc. SEC filings
Source: SEC EDGAR filings. This is company-reported data, not investment advice.