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Marsh MRSH Q2 2025 earnings

Reported July 17, 2025 · Before market open

Revenue$7.0BBeat by $35.1M
EPS$2.72Beat by $0.05
Revenue estimate$6.9B
EPS estimate$2.67

Next report

Oct 15, 2026 (In 1 week)
Revenue estimate$6.7B
EPS estimate$1.97

Financials

Q2 2025

Income statement

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Revenue$7.0B+12.1%
Operating income$1.8B+11.4%
Net income$1.2B+7.6%
EPS (diluted)$2.45+7.9%

Balance sheet

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Cash & equivalents$1.7B+1.5%
Total debt$21.0B+42.9%
Total assets$58.6B+20.5%

Cash flow

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Operating cash flow$1.7B+37.5%
CapEx$59.0M-26.3%
Free cash flow$1.6B+42.0%

Valuation & ratios

Profitability

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Operating margin23.6%-0.4pp
Net margin16%-1.0pp
FCF margin18%+2.7pp

Returns & leverage

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Current ratio1.2×0.0×

Segments

By segment

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Risk and Insurance Services$4.6B+20.2%

FAQ

When did Marsh report Q2 2025 earnings?
Marsh (MRSH) reported Q2 2025 earnings on July 17, 2025 before market open.
What were Marsh's Q2 2025 revenue and EPS?
Marsh reported revenue of $7.0B and eps of $2.72 for Q2 2025.
Did Marsh beat estimates in Q2 2025?
Revenue beat the consensus estimate of $6.9B by $35.1M. EPS beat the consensus estimate of $2.67 by $0.05.
How did Marsh's Q2 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 12.1% from $6.2B a year earlier and eps grew 12.9% from $2.41.
Where can I find Marsh's Q2 2025 SEC filings?
You can read the 8-K earnings release (0000062709-25-000067) and the 10-Q periodic report (0000062709-25-000069) directly on SEC EDGAR. The filing index links above go to sec.gov.