Marsh logo

Marsh

MRSHNYSEStock Fundamentals

Marsh is a global professional services firm specializing in risk, strategy, and people. The company provides insurance and reinsurance brokerage, risk management advisory, and human capital consulting services to clients in 130 countries. Its core value proposition centers on helping organizations navigate complex risk environments and optimize their workforce through data-driven insights and specialized industry expertise.

Market Cap$79.6B
Revenue TTM$27.5B
Net Income TTM$3.9B
P/E Ratio20.27
Net Margin14.26%
EPS TTM$8.00
Free Cash Flow TTM$4.9B
Employees85.0K
CEOJohn Quinlan Doyle
CountryUnited States of America
Financial Services
Insurance - Brokers
SegmentsInsurance Brokerage, Management Consulting, Reinsurance, Human Resources Services
Business ModelsCommission-based brokerage, Fee-for-service consulting, Asset-based management fees, Underwriting management
Most Recent EarningsApr 16, 2026 · 1 month 8 days agoQ1 2026
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Next EarningsJul 16, 2026 · in 2 monthsBefore Market Open · Q2 2026

Financials

Based on Q1 2026 filing

Op. Margin21.7%
Current Ratio1.11
Total Debt$22.8B
Cash$1.6B
CapEx TTM$298.0M

Net Income

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Operating Cash Flow

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Free Cash Flow

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EPS (Diluted)

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Business Segments

Risk and Insurance Services

primary

This segment provides global insurance and reinsurance brokerage and risk management services. It advises clients on risk identification, program design, and alternative risk financing while facilitating the placement of coverage with insurance and reinsurance markets.

Products

Marsh Risk, Guy Carpenter, Marsh McLennan Agency (MMA), Victor Insurance Managers, GC Securities, GC Capital & Advisory, Insurer Consulting Group (ICG)

Customers

Middle-market businesses, Multinational corporations, Government entities, Insurance carriers, High net-worth individuals

Consulting

major

This segment offers specialized advice and solutions focused on health, wealth, and career needs, alongside strategic management and economic consulting. It helps organizations manage employee benefits, retirement plans, and complex business transformations.

Products

Mercer, Marsh Management Consulting, Oliver Wyman, Lippincott, NERA Economic Consulting, Mercer Investments, Mercer Trust Company

Customers

Corporate employers, Pension funds, Institutional investors, Legal firms, Public sector organizations

Business Overview

Competitive Position

A leading global provider of risk and human capital services, characterized by a massive scale of operations and a multi-brand strategy targeting diverse market tiers.

Geographies

Global, North America, Europe, Asia-Pacific

Customer Segments

Enterprise, Mid-market, Government, Institutional Investors, Retail

Upstream Dependencies

Insurance carriers, Reinsurance markets, Data and analytics providers, Skilled professional talent

Downstream Customers

Commercial businesses, Public entities, Family offices, Employee-sponsored retirement plans

Competitors & Partners

Partners

Aon plc logo

Aon plc

AON

Industry peer often involved in co-brokerage or market-wide placement facilities

U

United States Treasury

Regulatory and advisory collaboration via the Federal Advisory Committee on Insurance

Subsidiaries

M

Mercer

Health, wealth, and career consulting business

G

Guy Carpenter

Reinsurance intermediary and advisory firm

O

Oliver Wyman

Management consulting firm

M

Marsh McLennan Agency

Middle-market insurance brokerage

V

Victor Insurance Managers

Specialty underwriting manager

N

NERA Economic Consulting

Economic analysis and advisory

L

Lippincott

Brand strategy and design firm

M

MMC Securities LLC

SEC registered broker-dealer

Marsh logo

Marsh FAQ

Common questions about Marsh

Marsh is a global professional services firm specializing in risk, strategy, and people. The company provides insurance and reinsurance brokerage, risk management advisory, and human capital consulting services to clients in 130 countries. Its core value proposition centers on helping organizations navigate complex risk environments and optimize their workforce through data-driven insights and specialized industry expertise.

Marsh (MRSH) has a market capitalization of $79.6B and trades on NYSE.

Marsh generated $27.5B in trailing twelve-month revenue with net income of $3.9B, representing a net margin of 14.3%, with free cash flow of $4.9B. These figures are based on the Q1 2026 filing.

Marsh's key competitors include Arthur J. Gallagher & Co., Aon, WTW, and others. These companies compete in similar markets and product categories.

Marsh has approximately 85,000 employees.