Marsh & McLennan Companies (MRSH) Financials: Revenue & Earnings

MRSH price $192.39 +1.72 +0.90%

Ticker
MRSH
Price
$192.39
Change
+1.72 +0.90%
Market cap ?
$91.81B
P/E ?
23.21
Forward P/E ?
18.36
Dividend yield ?
1.94%
Beta ?
0.58
Sector
Financial Services
Industry
Insurance - Brokers
Stocklytics score
41
Value
39
Quality
47
Growth
36

Stocklytics score rationale: value 39, quality 47, growth 36.

Financials

2016201720182019202020212022202320242025
13211000000140240000001495000000016652000000172240000001982000000020720000000227360000002445800000026981000000

Marsh & McLennan Companies, Inc. (MRSH) functions as a leading professional services organization, delivering expert guidance and innovative solutions to clients across the vital domains of risk management, strategic planning, and human capital. Based in New York City, the firm maintains a substantial global workforce, employing approximately 65,000 full-time professionals. This entity serves as the parent company…

Fair value

MRSH fair value $229.62. Price $192.39. Price is 16% below fair value.

Around fair value, but less expensive than usual. A smaller premium than on 77% of days in the past 5 years.

Fair value is an estimate of what one share is worth if future cash flows arrive as modeled. It is not a forecast of the share price. How discounted cash flow works.

Calculated with a 10-year free-cash-flow discount. Starting free cash flow 4.15B. Growth 3.93%. When analyst earnings forecasts are available, free cash flow in those years is forecast earnings times the company's usual conversion of earnings into free cash flow, kept between 60% and 130%. Years with fewer than 3 analyst estimates are left out. Growth then fades in a straight line to terminal growth by year 10, starting from the last well-covered year's growth, or from the pace across those years when the final year slows sharply, kept between 0% and 20%. Without those forecasts, year-1 growth is analyst revenue growth for the next full fiscal year, or 5-year historical revenue growth when that forecast is missing, held for five years, then fading in a straight line to terminal growth by year 10. Terminal growth 3.00%. Discount rate 8.70% (beta 0.8). Beta is kept between 0.8 and 2.0, which on its own would make the discount rate 8.7% to 15.3%. The rate is then capped at 12%. A cap is used because a discount above 12% pushes higher-beta stocks further from the price. The discount rate stays at least 5 percentage points above terminal growth. Shares 477.21M. Net debt 18.76B. The earnings value is next-12-months earnings per share, or trailing earnings when that forecast is missing, times the stock's own 10-year median P/E, kept between 8 and 40. Fewer than five years of history uses the sector's typical P/E. Fair value is the average of the cash-flow value and the earnings value when both exist. Model uncertainty is high when fair value is more than 60% from the price, or when most of the cash-flow value sits after year 10.

Compare MRSH

Earnings

DateEPS actualEPS estimateRevenueRevenue estimate
2027-02-04—2.20—6.91B
2026-10-152.031.976.86B6.64B
2026-07-212.962.907.40B7.28B
2026-04-163.293.227.60B7.41B
2026-01-292.121.976.59B6.56B
2025-10-161.851.786.35B6.32B
2025-07-172.722.676.97B6.94B
2025-04-173.063.027.06B7.08B
2025-01-301.871.766.07B5.96B
2024-10-171.631.615.70B5.71B
2024-07-182.412.406.22B6.31B
2024-04-182.892.806.47B6.38B
2024-01-251.681.635.55B5.54B
2023-10-191.471.395.38B5.52B
2023-07-202.202.125.88B5.76B
2023-04-202.532.475.92B5.87B
2023-01-261.471.405.02B5.23B
2022-10-201.181.144.77B4.88B
2022-07-211.891.865.38B5.34B
2022-04-212.302.145.55B5.49B
2022-01-271.361.345.14B5.53B
2021-10-211.080.984.58B4.43B
2021-07-221.751.435.02B4.43B
2021-04-271.991.715.08B4.79B
2021-01-281.191.144.42B4.18B
2020-10-290.820.743.97B3.53B
2020-07-301.321.134.19B3.59B
2020-04-301.641.574.65B4.45B
2020-01-301.191.184.26B4.23B
2019-10-290.770.703.97B3.61B
2019-07-301.181.134.35B4.16B
2019-04-251.521.454.07B3.88B
2019-01-311.091.033.71B3.54B
2018-10-250.780.753.50B3.37B
2018-07-261.101.113.73B3.77B
2018-04-261.381.304.00B3.77B
2018-02-011.050.953.69B3.30B
2017-10-260.790.783.34B3.30B
2017-07-271.001.003.50B3.50B
2017-04-271.000.983.50B3.18B

Dividends

Yield 1.96%. Payout ratio 44.49%. Frequency Quarterly.

Safety score 88/100 · Safe. Payout ratio is 44% of earnings. Dividends use a moderate share of free cash flow. Dividends were paid in 44 separate years. Yield is 2.0%, in a range that is usually sustainable.

Ex-dateDividendRecordPaymentFrequency
2026-10-01$0.992026-10-012026-11-13Quarterly
2026-07-23$0.992026-07-232026-08-14Quarterly
2026-04-09$0.902026-04-092026-05-15Quarterly
2026-01-29$0.902026-01-292026-02-13Quarterly
2025-10-02$0.902025-10-022025-11-14Quarterly
2025-07-24$0.902025-07-242025-08-15Quarterly
2025-04-03$0.812025-04-032025-05-15Quarterly
2025-01-30$0.812025-01-302025-02-14Quarterly
2024-10-04$0.812024-10-042024-11-15Quarterly
2024-07-25$0.812024-07-252024-08-15Quarterly
2024-04-03$0.712024-04-042024-05-15Quarterly
2024-01-24$0.712024-01-252024-02-15Quarterly
2023-10-05$0.712023-10-062023-11-15Quarterly
2023-07-26$0.712023-07-272023-08-15Quarterly
2023-04-04$0.592023-04-052023-05-15Quarterly
2023-01-25$0.592023-01-262023-02-15Quarterly
2022-10-06$0.592022-10-072022-11-15Quarterly
2022-07-27$0.592022-07-282022-08-15Quarterly
2022-04-05$0.542022-04-062022-05-13Quarterly
2022-01-26$0.542022-01-272022-02-15Quarterly
2021-10-07$0.542021-10-082021-11-15Quarterly
2021-07-28$0.542021-07-292021-08-13Quarterly
2021-04-06$0.472021-04-072021-05-14Quarterly
2021-01-29$0.472021-02-012021-02-12Quarterly
2020-10-08$0.472020-10-092020-11-13Quarterly
2020-07-24$0.472020-07-272020-08-14Quarterly
2020-04-07$0.462020-04-082020-05-15Quarterly
2020-01-28$0.462020-01-292020-02-14Quarterly
2019-10-10$0.462019-10-112019-11-15Quarterly
2019-07-10$0.462019-07-112019-08-15Quarterly
2019-04-09$0.412019-04-102019-05-15Quarterly
2019-01-29$0.412019-01-302019-02-15Quarterly
2018-10-10$0.412018-10-112018-11-15Quarterly
2018-07-10$0.412018-07-112018-08-15Quarterly
2018-04-09$0.382018-04-102018-05-15Quarterly
2018-01-30$0.382018-01-312018-02-15Quarterly
2017-10-06$0.382017-10-102017-11-15Quarterly
2017-07-07$0.382017-07-112017-08-15Quarterly
2017-04-05$0.342017-04-072017-05-15Quarterly
2017-01-23$0.342017-01-252017-02-15Quarterly
2016-10-06$0.342016-10-112016-11-15Quarterly
2016-07-07$0.342016-07-112016-08-15Quarterly
2016-04-06$0.312016-04-082016-05-13Quarterly
2016-01-21$0.312016-01-252016-02-12Quarterly
2015-10-07$0.312015-10-092015-11-13Quarterly
2015-07-08$0.312015-07-102015-08-14Quarterly
2015-04-08$0.282015-04-102015-05-15Quarterly
2015-01-22$0.282015-01-262015-02-13Quarterly
2014-10-08$0.282014-10-102014-11-17Quarterly
2014-07-09$0.282014-07-112014-08-15Quarterly
2014-04-08$0.252014-04-102014-05-15Quarterly
2014-01-27$0.252014-01-292014-02-18Quarterly
2013-10-09$0.252013-10-112013-11-15Quarterly
2013-07-09$0.252013-07-112013-08-15Quarterly
2013-04-08$0.232013-04-102013-05-15Quarterly
2013-01-24$0.232013-01-282013-02-15Quarterly
2012-10-09$0.232012-10-112012-11-15Quarterly
2012-07-09$0.232012-07-112012-08-15Quarterly
2012-04-05$0.222012-04-102012-05-15Quarterly
2012-01-26$0.222012-01-302012-02-15Quarterly
2011-10-06$0.222011-10-112011-11-15Quarterly
2011-07-07$0.222011-07-112011-08-15Quarterly
2011-04-06$0.212011-04-082011-05-16Quarterly
2011-01-26$0.212011-01-282011-02-15Quarterly
2010-10-06$0.212010-10-082010-11-15Quarterly
2010-07-07$0.202010-07-092010-08-16Quarterly
2010-04-07$0.202010-04-092010-05-17Quarterly
2010-01-27$0.202010-01-292010-02-16Quarterly
2009-10-07$0.202009-10-092009-11-16Quarterly
2009-07-08$0.202009-07-102009-08-17Quarterly
2009-04-07$0.202009-04-092009-05-15Quarterly
2009-01-28$0.202009-01-302009-02-17Quarterly
2008-10-14$0.202008-10-162008-11-14Quarterly
2008-07-03$0.202008-07-082008-08-15Quarterly
2008-04-04$0.202008-04-082008-05-15Quarterly
2008-01-24$0.202008-01-282008-02-15Quarterly
2007-10-11$0.192007-10-152007-11-15Quarterly
2007-07-03$0.192007-07-062007-08-15Quarterly
2007-04-03$0.192007-04-062007-05-15Quarterly
2007-01-22$0.192007-01-242007-02-15Quarterly

Insider trades

DateInsiderActionSharesPriceValue
2026-10-23Klisura Dean MichaelSell4.19K$200.00838.80K
2026-10-23Mills StacySell1.22K$200.00243.00K
2026-09-02Brennan KatherineBuy1.20K$83.0599.41K
2026-09-02Brennan KatherineSell1.20K$187.90224.92K
2026-09-02Brennan KatherineSell1.20K$83.0599.41K
2026-09-02Doyle John QBuy16.66K$73.191.22M
2026-09-02Doyle John QSell16.66K$188.513.14M
2026-09-02Doyle John QSell16.66K$73.191.22M
2026-08-15SCHAPIRO MORTON OBuy219$188.4441.25K
2026-08-15Yates Lloyd MBuy224$188.4442.16K
2026-08-15Lute Jane HBuy144$188.4427.19K
2026-08-15MILLS STEVEN ABuy194$188.4436.56K
2026-08-15BROUSSARD BRUCE DBuy192$188.4436.18K
2026-08-14SCHAPIRO MORTON OBuy473$189.1589.54K
2026-08-14Anderson AnthonyBuy89$189.1516.91K
2026-08-14HOPKINS DEBORAH CBuy112$189.1521.20K
2026-08-14Ingram TamaraBuy48$189.159.00K
2026-08-14Yates Lloyd MBuy65$189.1512.27K
2026-08-14Lute Jane HBuy47$189.158.82K
2026-08-14Siegmund JanBuy12$189.152.28K
2026-08-06Jones John JudeSell6.50K$191.961.25M
2026-07-29Beswick PaulSell713$198.00141.17K
2026-07-28South MartinSell7.10K$189.991.35M
2026-07-23Yates Lloyd MSell12.00K$175.652.11M
2026-05-15SCHAPIRO MORTON OBuy495$160.6079.51K
2026-05-15SCHAPIRO MORTON OBuy257$160.6041.25K
2026-05-15HOPKINS DEBORAH CBuy112——
2026-05-15Ingram TamaraBuy43——
2026-05-15Yates Lloyd MBuy60——
2026-05-15Yates Lloyd MBuy226——
2026-05-15Lute Jane HBuy41——
2026-05-15Lute Jane HBuy169——
2026-05-15Siegmund JanBuy5——
2026-05-15MILLS STEVEN ABuy264$160.6042.40K
2026-05-15Anderson AnthonyBuy88——
2026-05-01Klisura Dean MichaelBuy14.91K——
2026-05-01Jones John JudeBuy5.96K——
2026-05-01Beswick PaulBuy14.91K——
2026-05-01South MartinBuy5.96K——
2026-05-01MCGIVNEY MARK CBuy59.63K——
2026-05-01Studer Nicholas MarkBuy8.95K——
2026-05-01Doyle John QBuy89.44K——
2026-05-01Tomlinson PatrickBuy14.91K——
2026-05-01Fernandez CarmenBuy5.96K——
2026-05-01Brennan KatherineBuy5.96K——
2026-04-01Moynihan Edward FrancisOther0——
2026-04-01Moynihan Edward FrancisOther6.15K$83.05510.84K
2026-04-01Moynihan Edward FrancisOther8.87K——
2026-04-01Moynihan Edward FrancisOther9.16K$73.20670.59K
2026-04-01Moynihan Edward FrancisOther5.61K$90.79509.24K
2026-04-01Moynihan Edward FrancisOther4.33K$118.87514.47K
2026-04-01Moynihan Edward FrancisOther4.83K$117.53567.90K
2026-04-01Moynihan Edward FrancisOther3.79K$151.37572.94K
2026-04-01Moynihan Edward FrancisOther2.98K$164.15489.50K
2026-04-01Moynihan Edward FrancisOther2.38K$200.47478.12K
2026-04-01Moynihan Edward FrancisOther2.62K$230.29602.67K
2026-04-01Studer Nicholas MarkBuy5.77K——
2026-03-15Tomlinson PatrickBuy1.23K——
2026-03-15Tomlinson PatrickSell1.23K——
2026-03-15Tomlinson PatrickSell627$172.15107.94K
2026-03-11Jones John JudeSell2.36K$173.61410.07K
2026-03-04Doyle John QBuy16.66K——
2026-03-04Doyle John QSell16.66K$183.303.05M
2026-03-04Doyle John QSell16.66K$73.191.22M
2026-03-03Studer Nicholas MarkSell3.84K$184.03706.12K
2026-02-28Beswick PaulBuy6.97K——
2026-02-28Beswick PaulSell3.40K$186.74635.48K
2026-02-28Beswick PaulSell6.97K——
2026-02-28Brennan KatherineBuy6.97K——
2026-02-28Brennan KatherineSell3.85K$186.74719.88K
2026-02-28Brennan KatherineSell6.97K——
2026-02-28Doyle John QBuy59.51K——
2026-02-28Doyle John QSell30.38K$186.745.67M
2026-02-28Doyle John QSell59.51K——
2026-02-28Fernandez CarmenBuy6.97K——
2026-02-28Fernandez CarmenSell3.85K$186.74719.88K
2026-02-28Fernandez CarmenSell6.97K——
2026-02-28Jones John JudeBuy4.83K——
2026-02-28Jones John JudeSell2.46K$186.74460.13K
2026-02-28Jones John JudeSell4.83K——
2026-02-28Klisura Dean MichaelBuy9.38K——
2026-02-28Klisura Dean MichaelSell5.19K$186.74968.99K
2026-02-28Klisura Dean MichaelSell9.38K——
2026-02-28MCGIVNEY MARK CBuy17.96K——
2026-02-28MCGIVNEY MARK CSell9.17K$186.741.71M
2026-02-28MCGIVNEY MARK CSell17.96K——
2026-02-28Mills StacyBuy2.72K——
2026-02-28Mills StacySell1.28K$186.74238.47K
2026-02-28Mills StacySell2.72K——
2026-02-28South MartinBuy14.48K——
2026-02-28South MartinSell8.01K$186.741.50M
2026-02-28South MartinSell14.48K——
2026-02-28Studer Nicholas MarkBuy8.04K——
2026-02-28Studer Nicholas MarkSell8.04K——
2026-02-28Tomlinson PatrickSell2.22K——
2026-02-28Tomlinson PatrickBuy2.22K——
2026-02-28Tomlinson PatrickSell1.14K$186.74212.70K
2026-02-25Harrison PeterOther0——
2026-02-24MCGIVNEY MARK CBuy44.74K$176.997.92M
2026-02-24MCGIVNEY MARK CBuy17.96K——

Institutional holders

Latest filed quarter: Q2 2026.

Institutions holding: 1.53K, holders -52 vs prior quarter. Ownership 91.59%.

HolderSharesChangeChange %Value
BLACKROCK, INC.39.50M-2.56M-6.09%6.58B
VANGUARD CAPITAL MANAGEMENT LLC31.47M4.90K+0.02%5.25B
STATE STREET CORP22.40M330.73K+1.50%3.73B
CAPITAL WORLD INVESTORS18.12M153.16K+0.85%3.02B
WELLINGTON MANAGEMENT GROUP LLP16.98M-395.47K-2.28%2.83B
CAPITAL INTERNATIONAL INVESTORS15.73M15.60K+0.10%2.62B
GEODE CAPITAL MANAGEMENT, LLC13.51M106.10K+0.79%2.25B
PRICE T ROWE ASSOCIATES INC /MD/13.44M2.46M+22.43%2.24B
VANGUARD PORTFOLIO MANAGEMENT LLC12.57M142.57K+1.15%2.10B
CAPITAL RESEARCH GLOBAL INVESTORS10.97M-327.54K-2.90%1.83B
HARRIS ASSOCIATES L P8.69M3.52M+68.07%1.45B
ARTISAN PARTNERS LIMITED PARTNERSHIP7.27M2.39M+49.09%1.21B
FMR LLC6.95M-3.23M-31.69%1.16B
MASSACHUSETTS FINANCIAL SERVICES CO /MA/6.51M-1.69M-20.64%1.09B
MORGAN STANLEY6.31M-159.91K-2.47%1.05B
NORGES BANK6.26M6.26MNew1.04B
AMERIPRISE FINANCIAL INC5.54M46.60K+0.85%922.15M
NORTHERN TRUST CORP4.89M-76.91K-1.55%814.71M
JPMORGAN CHASE & CO4.73M-1.36M-22.37%788.59M
CLEARBRIDGE INVESTMENTS, LLC4.71M-1.72M-26.74%784.32M
UBS AM, A DISTINCT BUSINESS UNIT OF UBS ASSET MANAGEMENT AMERICAS LLC4.60M-584.87K-11.29%766.29M
INVESCO LTD.4.31M421.00K+10.84%717.64M
GOLDMAN SACHS GROUP INC4.23M555.67K+15.13%704.79M
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP4.17M715.52K+20.71%695.03M
DEUTSCHE BANK AG\4.11M409.47K+11.05%685.62M

Earnings and financials

Marsh & McLennan Companies, Inc. (MRSH) trades at $192.39, with a market cap of $91.81B and a trailing P/E of 23.21. Revenue below is the annual history on file. It describes what the business has already reported. It is not a forecast and it is not a recommendation.

Financials

2016201720182019202020212022202320242025
13211000000140240000001495000000016652000000172240000001982000000020720000000227360000002445800000026981000000

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Marsh & McLennan Companies (MRSH) Financials: Revenue & Earnings

MRSH$192.39+1.72 +0.90%

$91.81B

Market Cap

23.21

P/E

18.36

Forward P/E

41

Score

Price History