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Marsh

MRSH

Marsh is a global professional services firm specializing in risk, strategy, and people.

Market cap
$85.76B-5.7%
Revenue$27.5B+9.9%
Net income$3.9B-2.9%
Free cash flow$4.9B+18.0%
EPS (diluted)$8.00-2.0%
Trailing twelve months · change vs. prior year

Earnings

Next report

Jul 21, 2026 (In 1 week)
Revenue estimate$7.3B
EPS estimate$2.89

Financials

Q1 2026

Income statement

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Revenue$7.6B+7.6%
Operating income$1.8B-12.5%
Net income$1.1B-17.0%
EPS (diluted)$2.36-15.4%

Balance sheet

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Cash & equivalents$1.6B+0.4%
Total debt$21.8B+2.0%
Total assets$58.6B+2.7%

Cash flow

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Operating cash flow-$688.0M-10.6%
CapEx$62.0M+12.7%
Free cash flow-$750.0M-10.8%

Valuation & ratios

Valuation

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Market cap$85.76B-5.7%
Enterprise value$105.95B
P/E21.9×
P/S3.1×

Profitability

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Operating margin21.7%-1.8pp
Net margin14.3%-1.9pp
FCF margin17.9%+1.2pp

Returns & leverage

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Current ratio1.1×0.0×

Segments

By segment

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Risk and Insurance Services$5.1B
Consulting$2.6B

Competitors

Profile

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.

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.

GeographiesGlobal, North America, Europe, Asia-Pacific
Customer segmentsEnterprise, Mid-market, Government, Institutional Investors, Retail
Business modelCommission-based brokerage, Fee-for-service consulting, Asset-based management fees, Underwriting management
SuppliersInsurance carriers, Reinsurance markets, Data and analytics providers, Skilled professional talent
CustomersCommercial businesses, Public entities, Family offices, Employee-sponsored retirement plans
Listed1969
Employees85.0K
CEOJohn Quinlan Doyle
FilingsSEC EDGAR

Questions, answered.

What is Marsh's market cap?
Marsh (MRSH) has a market capitalization of $85.8B and trades on NYSE.
What is Marsh's revenue and profitability?
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.
Who are Marsh's competitors?
Marsh's key competitors include Aon, WTW, Arthur J. Gallagher & Co., and others. These companies compete in similar markets and product categories.
Who does Marsh partner with?
Marsh's notable partners include Aon, United States Treasury.
What subsidiaries does Marsh have?
Marsh's subsidiaries include Mercer, Guy Carpenter, Oliver Wyman, and others.
Where is Marsh headquartered?
Marsh is headquartered in United States of America and employs approximately 85,000 people. It has been publicly traded since 1969.