Marsh & McLennan Companies, Inc.

Marsh & McLennan Companies, Inc.

MMC
Marsh & McLennan Companies, Inc.US flagNew York Stock Exchange
182.70
USD
-2.93
- -
89.82BMarket Cap
2012 Y
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
TTM
Revenue per Share
21.92
22.33
23.76
24.28
25.45
27.34
29.55
32.91
34.04
39.09
41.52
46.02
49.71
53.82
Basic EPS, GAAP
2.16
2.47
2.69
3.01
3.41
2.91
3.26
3.44
3.98
6.2
6.11
7.6
8.25
8.4
Free Cash Flow per Basic Share
2.43
2.44
3.89
3.56
3.87
3.69
4.8
4.67
6.68
6.93
6.94
8.62
8.74
10.35
Dividend per Share
0.91
0.97
1.07
1.19
1.31
1.44
1.59
1.76
1.86
2.02
2.28
2.63
3.08
3.37
Book Value per Share
16.89
18.24
19.99
22.34
24.95
26.71
29.46
31.15
33.27
37.38
41.81
47.21
52.58
55.97
Tangible Book Value per Share
-1.2
1.11
-1.47
-4.37
-6.21
-5.69
-6.82
-18.78
-17.7
-15.59
-16.11
-15.16
-29.66
-26.98
Basic Weighted Avg Shares
544
549
545
531
519
513
506
506
506
507
499
494
492
492
Sales/Revenue/Turnover
11,924
12,261
12,951
12,893
13,211
14,024
14,950
16,652
17,224
19,820
20,720
22,736
24,458
26,453
Operating Margin (%)
15.34
16.94
17.77
18.76
18.4
18.93
18.47
16.08
17.8
21.76
20.66
23.23
23.78
23.23
Depreciation Expense
349
358
388
423
438
481
494
647
741
747
719
713
746
883
Net Income, GAAP
1,176
1,357
1,465
1,599
1,768
1,492
1,650
1,742
2,016
3,143
3,050
3,756
4,060
4,127
Effective Tax Rate (%)
29.01
30.11
28.49
29.09
27.62
42.87
25.58
27.31
26.75
24.57
24.38
24.35
24.87
23.51
Profit Margin (%)
9.86
11.07
11.31
12.4
13.38
10.64
11.04
10.46
11.7
15.86
14.72
16.52
16.6
15.6
Working Capital
2,399
2,491
1,856
1,336
802
1,300
1,010
389
1,599
1,610
1,127
1,953
2,599
2,601
LT Debt
2,658
2,621
3,368
4,402
4,495
5,225
5,510
12,667
12,720
12,813
12,894
13,505
21,018
19,831
Total Equity
6,606
7,975
7,133
6,602
6,272
7,442
7,584
7,943
9,260
11,222
10,749
12,370
13,535
15,359
Return on Invested Capital (%)
13.99
14.02
15.14
15.71
15.71
12.46
15.4
10.84
9.89
13.65
13.2
15.2
13.68
14.11
Return on Capital (%)
10.81
11.47
11.32
10.92
10.98
8.66
9.21
8.21
7.79
10.96
10.07
11.29
10.43
10.73
Return on Common Equity (%)
13.29
14.13
14.01
14.05
14.25
11.2
11.53
11.36
12.37
17.57
15.32
17
16.51
15.69

Capital Structure

FRC

in mil. unless spec.
Mar'25
Jun'25
Sep'25
ST Debt
1,994
1,104
1,595
LT Borrowings
18,862
18,960
18,317
LT Finance Leases
1,563
1,546
1,514
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
493
492
490
Market Capitalization
119,599
107,516
99,052

Working Capital

FRC

in mil. unless spec.
Mar'25
Jun'25
Sep'25
Total Current Assets
22,461
23,334
23,699
Cash, Cash Equivalents & STI
1,604
1,677
2,511
Accounts Receivable, Net
7,215
7,751
7,256
Inventories
- -
- -
- -
Total Current Liabilities
19,775
19,400
21,098
Payables & Accruals
4,404
4,053
4,413
ST Debt
1,994
1,104
1,595
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
7.09%
11.61%
9.42%
Free Cash Flow
8.49%
13.93%
1.03%
Net Income, GAAP
12.02%
19.98%
8.09%
Sales/Revenue/Turnover
6.65%
8.07%
7.57%
Total Cash Common Dividend
10.06%
11.26%
16.56%

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
5,924
5,876
5,382
5,554
22,736
2024
6,473
6,221
5,697
6,067
24,458
2025
7,061
6,974
6,351
- -
- -

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
2.49
2.09
1.48
1.53
7.6
2024
2.85
2.29
1.52
1.6
8.25
2025
2.81
2.46
1.52
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
0.6
0.6
0.71
0.72
2.63
2024
0.72
0.72
0.82
0.82
3.08
2025
0.82
0.82
0.91
- -
- -

Company Description

MCPAPIChat
CEO
John Quinlan Doyle
Full Time Employees
90,000
Sector
Financial Services
Industry
Insurance - Brokers
Address
1166 Avenue of the Americas New York City NY United States of America 10036-2774
IPO Date
Dec 30, 1987
Website
mmc.com
Business
Marsh & McLennan Companies, Inc. (NYSE: MMC) operates as a global professional services firm specializing in risk, strategy, and people, delivering advisory services and solutions through its four primary businesses: Marsh, Guy Carpenter, Mercer, and Oliver Wyman. Marsh provides insurance broking, risk management, risk consulting, analytical modeling, alternative risk financing, and insurance program management services to a broad range of corporate, individual, and public sector clients worldwide; Guy Carpenter offers reinsurance intermediation, advisory, and capital strategies; Mercer delivers consulting on health, retirement, pension plans, talent management, investments, and HR-related outsourcing; and Oliver Wyman furnishes management consulting, including through subsidiaries like Lippincott for branding and NERA Economic Consulting for economic analysis. The company serves clients across diverse industries in over 130 countries, with significant operations in the United States (49% of revenue), EMEA (32%), Asia Pacific (11%), and other regions including Canada and Latin America; it generates annual revenue exceeding $24 billion, with Risk and Insurance Services accounting for 63% of revenues and Consulting for 37%. Founded in 1871 and headquartered in New York City, Marsh & McLennan maintains its position as the world's largest insurance broker by revenue. In recent developments, the company pursues aggressive acquisition activity, spending $8.5 billion in 2024—its largest year on record, including the addition of McGriff to Marsh McLennan Agency (now generating approximately $5 billion in revenue)—and $224 million in the first nine months of 2025 on deals such as Marsh McLennan Agency's purchases of three Hawaii brokerages (Atlas Insurance Agency, Pyramid Insurance Centre, and IC International) and Hayden Wood Insurance Agency, alongside Mercer's acquisitions of SECOR Asset Management in May 2025 to bolster global investment capabilities and Cardano in late 2024 to expand pension and investment services in the UK and Netherlands. Furthermore, Marsh & McLennan announces in October 2025 a rebranding to Marsh effective January 2026, alongside the creation of a new Business and Client Services unit to centralize investments in operational excellence, data, AI, analytics, and client innovation, supporting ongoing margin expansion for 17 consecutive years and strategic growth initiatives like the Thrive program targeting $400 million in savings.

Company News

MCPAPIChat
  • Medline's Prime Vendor model expands outside the United States

  • Calamos Advisors LLC Trims Stock Holdings in Marsh & McLennan Companies, Inc. $MRSH

  • Calamos Advisors LLC Has $24.43 Million Stake in Marsh & McLennan Companies, Inc. $MRSH

  • Marsh & McLennan Companies, Inc. $MRSH Holdings Lowered by Private Trust Co. NA

  • Private Trust Co. NA Lowers Stake in Marsh & McLennan Companies, Inc. $MRSH

  • Lbp Am Sa Buys New Stake in Marsh & McLennan Companies, Inc. $MRSH

  • Marsh & McLennan Companies Q1 Earnings Call Highlights

  • Marsh & McLennan Companies Q1 Earnings Call Highlights

  • Marsh & McLennan Companies (NYSE:MRSH) Stock Price Down 6.2% on Analyst Downgrade

  • Baillie Gifford & Co. Increases Position in Marsh & McLennan Companies, Inc. $MRSH

  • Marsh & McLennan Companies, Inc. $MRSH Shares Acquired by Baillie Gifford & Co.

  • Deprince Race & Zollo Inc. Purchases 18,845 Shares of Marsh & McLennan Companies, Inc. $MRSH

  • Deprince Race & Zollo Inc. Boosts Stock Position in Marsh & McLennan Companies, Inc. $MRSH

  • Carnegie Investment Counsel Reduces Stock Position in Marsh & McLennan Companies, Inc. $MRSH

  • Carnegie Investment Counsel Sells 33,011 Shares of Marsh & McLennan Companies, Inc. $MRSH

  • Marsh & McLennan Companies, Inc. $MRSH Stock Holdings Trimmed by CCLA Investment Management

  • CCLA Investment Management Trims Stock Position in Marsh & McLennan Companies, Inc. $MRSH

  • Princeton Global Asset Management LLC Has $61,000 Stock Holdings in Marsh & McLennan Companies, Inc. $MRSH

  • Princeton Global Asset Management LLC Reduces Stock Position in Marsh & McLennan Companies, Inc. $MRSH

  • Ascent Group LLC Has $2.72 Million Stock Position in Marsh & McLennan Companies, Inc. $MRSH