Skip to content
Screener

Marsh MRSH Q2 2026 earnings

Reported July 21, 2026 · Before market open

Revenue$7.4BBeat by $124.5M
EPS$2.96Beat by $0.08
Revenue estimate$7.3B
EPS estimate$2.88
“I am pleased with our solid results in the quarter and our execution in a dynamic environment. Our performance in the first half underscores strong demand for Marsh's expertise and capabilities across risk, people, strategy, and investments.”
John Doyle

Next report

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

Financials

Q2 2026

Income statement

See full
Revenue$7.4B+6.2%
Operating income$1.9B+3.8%
Net income$1.3B+4.5%
EPS (diluted)$2.63+7.3%

Balance sheet

See full
Cash & equivalents$1.7B+1.4%
Total debt$21.7B+3.5%
Total assets$59.7B+1.9%

Cash flow

See full
Operating cash flow$1.5B-8.9%
CapEx$72.0M+22.0%
Free cash flow$1.5B-10.0%

Valuation & ratios

Valuation

as of 10/02/26
See full
Market cap$82.01B-8.2%
Enterprise value$102.04B—
P/E20.6×—
P/S2.9×—

Profitability

See full
Operating margin21.6%-2.0pp
Net margin14.2%-1.8pp
FCF margin17.1%-1.0pp

Returns & leverage

See full
Current ratio1.1×-0.1×

Segments

By segment

See full
Risk and Insurance Services$4.8B+4.3%
Consulting$2.6B—

FAQ

When did Marsh report Q2 2026 earnings?
Marsh (MRSH) reported Q2 2026 earnings on July 21, 2026 before market open.
What were Marsh's Q2 2026 revenue and EPS?
Marsh reported revenue of $7.4B and eps of $2.96 for Q2 2026.
Did Marsh beat estimates in Q2 2026?
Revenue beat the consensus estimate of $7.3B by $124.5M. EPS beat the consensus estimate of $2.88 by $0.08.
How did Marsh's Q2 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 6.2% from $7.0B a year earlier and eps grew 8.8% from $2.72.
Where can I find Marsh's Q2 2026 SEC filings?
You can read the 8-K earnings release (0000062709-26-000193) and the 10-Q periodic report (0000062709-26-000195) directly on SEC EDGAR. The filing index links above go to sec.gov.