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Marsh MRSH Q3 2026 earnings

Reported October 15, 2026 · Before market open

Revenue$6.9BBeat by $218.6M
Adjusted EPS$2.03Beat by $0.06
Revenue estimate$6.6B
EPS estimate$1.97
“Marsh delivered a strong third quarter, generating 5% underlying revenue growth and double-digit EPS growth. We also made significant progress in executing our Thrive program and successfully completed our brand transition.”
John Doyle

Next report

Oct 15, 2026 (Today)
Revenue estimate$6.6B
EPS estimate$1.97

Financials

Q3 2026

Income statement

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Revenue$6.9B+8.1%
Operating income$1.2B+3.8%
Net income$808.0M+8.2%
EPS (diluted)$1.69+11.9%

Balance sheet

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Cash & equivalents$1.8B-26.6%
Total debt$22.3B+10.7%
Total assets$59.8B+1.7%

Cash flow

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Operating cash flow$1.5B-29.0%
CapEx$81.0M+12.5%
Free cash flow$1.4B-30.5%

Valuation & ratios

Valuation

as of 09/30/26
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Market cap$81.47B—
Enterprise value$101.94B—
P/E20.2×—
P/S2.9×—

Profitability

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Operating margin21.4%-1.8pp
Net margin14.2%-1.4pp
FCF margin14.6%-3.6pp

Returns & leverage

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Current ratio1.1×0.0×

Segments

By product

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Investments and Retirement$762.0M—
Health and Benefits$578.0M—
Workforce and Rewards$332.0M—

By segment

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Risk and Insurance Services$4.2B—
Consulting$2.7B—

FAQ

When did Marsh report Q3 2026 earnings?
Marsh (MRSH) reported Q3 2026 earnings on October 15, 2026 before market open.
What were Marsh's Q3 2026 revenue and EPS?
Marsh reported revenue of $6.9B and adjusted eps of $2.03 for Q3 2026.
Did Marsh beat estimates in Q3 2026?
Revenue beat the consensus estimate of $6.6B by $218.6M. EPS beat the consensus estimate of $1.97 by $0.06.
How did Marsh's Q3 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 8.1% from $6.4B a year earlier.
Where can I find Marsh's Q3 2026 SEC filings?
You can read the 8-K earnings release (0000062709-26-000256) and the 10-Q periodic report (0000062709-26-000258) directly on SEC EDGAR. The filing index links above go to sec.gov.