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Marsh MRSH Consulting — Depreciation and amortization expense

Other segment segments

Risk and Insurance Services
$51M

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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$91.36B+2.3%
Enterprise value$111.4B
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 us-gaap:DepreciationDepletionAndAmortization.

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)Three Months Ended June 30, / RevenueThree Months Ended June 30, / Compensation and benefitsThree Months Ended June 30, / Depreciationandamortization expenseThree Months Ended June 30, / Identified intangibleamortization expenseThree Months Ended June 30, / Other segment itemsThree Months Ended June 30, / Operating Income(Loss)
2026 –
Risk and Insurance Services$4,823$2,583$51$119$592$1,478
Consulting2,6021,5242418534502
Total Segments7,4254,107751371,1261,980
Corporate/Eliminations(21)341511(81)
Total Consolidated$7,404$4,141$90$137$1,137$1,899
2025 –
Risk and Insurance Services$4,625$2,462$51$121$548$1,443

Item 1.Financial Statements.

FAQ

What is Marsh's consulting — depreciation and amortization expense?
Marsh (MRSH) reported consulting — depreciation and amortization expense of $24M in Q2 2026.
How has Marsh's consulting — depreciation and amortization expense changed year-over-year?
Marsh's consulting — depreciation and amortization expense decreased by 4.0% year-over-year, from $25M to $24M.
What is the long-term trend for Marsh's consulting — depreciation and amortization expense?
Over 2 years (2023 to 2025), Marsh's consulting — depreciation and amortization expense has grown at a -2.9% compound annual growth rate (CAGR), from $106M to $100M.
What does consulting — depreciation and amortization expense mean?
Represents the systematic allocation of the cost of tangible and intangible assets over their useful lives within the consulting segment. This non-cash expense reflects the consumption of capital investments, such as office equipment, technology infrastructure, and acquired intellectual property. It is a critical component for calculating EBITDA and assessing capital intensity.

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