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Marsh MRSH Commissions and fees

Commissions and fees at other companies

The Baldwin Insurance Group, Inc. logo
The Baldwin Insurance Group, Inc.BWIN
$420.55M+24.1%
Morgan Stanley logo
Morgan StanleyMS
$1.69B+14.1%
The Baldwin Insurance Group, Inc. logo
The Baldwin Insurance Group, Inc.BWIN
$20.74M+15.4%
The Baldwin Insurance Group, Inc. logo
The Baldwin Insurance Group, Inc.BWIN
$43.47M+116%
The Baldwin Insurance Group, Inc. logo
The Baldwin Insurance Group, Inc.BWIN
$3.79M-22.3%
Morgan Stanley logo
Morgan StanleyMS
$0

Other financials

Income statement

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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

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

Cash flow

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

Valuation

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Market cap$91.37B+2.3%
Enterprise value$111.41B
P/E23×
P/S3.3×

Profitability

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

Returns & leverage

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Current ratio1.1×-0.1×

Where this comes from

Reported directly by Marsh in its filing.

Tagged under the XBRL concept mrsh:AccruedFeesandOtherRevenueReceivableGrossCurrent.

The source filing: Marsh’s 10-Q, filed July 21, 2026.

Filed
Jul 21, 2026, 8:13 AM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0000062709-26-000195
(In millions, except share data)(Unaudited) June 30, 2026December 31, 2025
Cash and cash equivalents$1,700$2,687
Cash and cash equivalents held in a fiduciary capacity12,20311,473
Receivables
Commissions and fees8,2897,015
Advanced premiums and claims8667
Other727750
9,1027,832
Less-allowance for credit losses(159)(162)

Item 1.Financial Statements.

FAQ

What is Marsh's commissions and fees?
Marsh (MRSH) reported commissions and fees of $8.29B in Q2 2026.
What does commissions and fees mean?
This represents revenue that has been earned through professional services provided but has not yet been billed or collected from clients. It reflects the firm's ongoing service delivery and the timing of billing cycles in consulting and brokerage engagements. Monitoring this helps assess the efficiency of the revenue recognition and collection process.

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