Income StatementBalance SheetCash FlowSegments
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Marsh Balance Sheet Statement

Assets, liabilities, and shareholders' equity

Marsh holds $58.6B in total assets. Cash and equivalents total $1.6B. The current ratio is 1.11. Based on the Q1 2026 filing.

Total Assets$58.6BLong Term Debt$18.9BCash And Equivalents$1.6BTotal Current Assets$23.2BTotal Current Liabilities$20.9B
Latest FilingQ1 2026
Report Date2026-04-16
Market Cap$78.0B
P/E Ratio19.88

Current Assets

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Accounts receivable, net$7.2B$7.9B$8.5B$7.9B$7.7B$8.4B
Allowance for Doubtful Accounts$167.0M$157.0M$169.0M$173.0M$162.0M$159.0M
Cash and cash equivalents$2.4B$1.6B$1.7B$2.5B$2.7B$1.6B
Commissions and fees$6.5B———$7.0B$7.8B
Advanced premiums and claims$84.0M———$67.0M$60.0M
Other current assets$1.3B$1.4B$1.3B$1.3B$1.4B$1.5B
Other Receivables, Gross$706.0M$713.0M$770.0M$760.0M$750.0M$749.0M
Restricted cash$11.3B$11.6B$11.9B$12.0B$11.5B$11.7B
Total current assets$22.1B$22.5B$23.3B$23.7B$23.2B$23.2B

Current Liabilities

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Accrued Manufacturing Costs$3.6B$1.8B$2.4B$3.1B$4.0B$1.9B
Accounts payable and other current liabilities (Note 11)$3.4B$3.5B$3.4B$3.4B$3.7B$4.2B
Accrued Income Taxes, Current$376.0M$554.0M$619.0M$617.0M$373.0M$572.0M
Compensation and benefits$3.6B$1.8B$2.4B$3.1B$4.0B$1.9B
Fiduciary liabilities$11.3B———$11.5B$11.7B
Current portion of long-term debt$0.0$619.0M$150.0M$0.0$0.0$1.0B
Dividends payable$0.0$400.0M—$441.0M$0.0$436.0M
Operating lease liabilities, current$325.0M$327.0M$335.0M$332.0M$333.0M$326.0M
Short-term borrowings$0.0—$150.0M$0.0$0.0$1.0B
Total current liabilities$19.5B$19.8B$19.4B$21.1B$21.1B$20.9B

Equity

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Accumulated other comprehensive income (loss)-$6.2B-$5.9B-$5.2B-$5.4B-$5.4B-$5.6B
Additional paid-in capital$1.4B$1.3B$1.4B$1.5B$1.5B$1.5B
Common stock; $0.001 par value; 6,000 shares authorized; 3,755 and 3,751 shares issued and outstanding as of March 31, 2026 and December 31, 2025, respectively$561.0M$561.0M$561.0M$561.0M$561.0M$561.0M
Preferred stock; $0.001 par value; 100 shares authorized; no shares issued and outstanding$0.0$0.0$0.0$0.0$0.0$0.0
Retained earnings$25.3B$25.9B$27.1B$26.9B$27.8B$28.0B
Total liabilities and stockholders' equity$56.5B$57.0B$58.6B$58.8B$58.7B$58.6B
Treasury stock$7.7B$7.7B$8.0B$8.4B$9.3B$9.9B

Other

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Commitments and contingencies$0.0$0.0$0.0$0.0$0.0$0.0
Allowance for doubtful accounts$167.0M$157.0M$169.0M$173.0M$162.0M$159.0M
Short-term debt and current portion of long-term debt$519.0M$1.7B$769.0M$1.3B$1.3B$1.7B
Liability For Errors And Omissions$305.0M———$288.0M$286.0M
Noncontrolling interests in subsidiaries$193.0M$203.0M$209.0M$206.0M$215.0M$237.0M
Stockholders Equity Subtotal Before Treasury Stock$21.2B———$24.7B$24.7B

Non-Current Assets

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Deferred Tax Assets and Other Non-Current Assets$1.7B$1.7B$1.7B$1.7B$1.8B$1.8B
Goodwill$23.3B$23.5B$23.9B$23.9B$24.3B$24.3B
Net Investment in Lease$1.5B$1.5B$1.5B$1.4B$1.5B$1.5B
Deferred tax assets$237.0M$250.0M$280.0M$248.0M$212.0M$193.0M
Prepaid pension assets$1.9B$2.0B$2.2B$2.2B$2.1B$2.2B
Operating lease right-of-use assets$1.5B$1.5B$1.5B$1.4B$1.5B$1.5B
Other non-current assets$1.7B$1.7B$1.7B$1.7B$1.8B$1.8B
Other Intangible Assets Net$4.8B$4.7B$4.8B$4.7B$4.7B$4.6B
Operating Lease Right-of-Use Assets in Other Assets$1.5B$1.5B$1.5B$1.4B$1.5B$1.5B
Property and equipment, net$859.0M$840.0M$839.0M$820.0M$829.0M$814.0M
Software and Technology Licenses, Net$1.7B$1.7B$1.7B$1.7B$1.8B$1.8B
Total assets$56.5B$57.0B$58.6B$58.8B$58.7B$58.6B

Non-Current Liabilities

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Defined Benefit Pension Plan Liabilities (Non-Current)$840.0M$832.0M$816.0M$791.0M$786.0M$752.0M
Long-term debt$19.4B$18.9B$19.0B$18.3B$18.3B$18.9B
Retirement and nonpension postretirement benefit obligations$840.0M$832.0M$816.0M$791.0M$786.0M$752.0M
Operating lease liabilities, non-current$1.6B$1.6B$1.5B$1.5B$1.5B$1.5B
Operating Lease Liabilities (Total)$1.9B$1.9B$1.9B$1.8B$1.9B$1.8B
Other non-current liabilities$1.3B$1.4B$1.6B$1.4B$1.4B$1.4B