What is Marsh's consulting — goodwill?

Marsh (MRSH) reported consulting — goodwill of $4.8B in Q2 2026.

What does consulting — goodwill mean?

Represents the premium paid over the fair market value of net assets during the acquisition of businesses within the consulting segment. It reflects the value of intangible assets such as brand reputation, client relationships, and proprietary methodologies. Significant changes in this balance often result from new acquisitions or impairment testing.

Marsh (MRSH) Consulting — Goodwill

Screener

Other segment segments

Risk and Insurance Services

$55M—

Similar metrics at other companies

ITConsulting — Goodwill

$96.35M+0.6%

IBMConsulting — Goodwill

$10.38B—

FORRConsulting — Goodwill

$8.26M-0.5%

FCNEconomic Consulting — Goodwill

$268.75M-0.1%

JPA Consulting — Goodwill

$1.41B+2.5%

TDCConsulting Services — Goodwill

$7M0.0%

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 us-gaap:Goodwill.

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

Goodwill allocated to the Company’s reportable segments at June 30, 2026 is $19.6 billion for Risk and Insurance Services and $4.8 billion for Consulting.

Item 1.Financial Statements.

FAQ

What is Marsh's consulting — goodwill?: Marsh (MRSH) reported consulting — goodwill of $4.8B in Q2 2026.
What does consulting — goodwill mean?: Represents the premium paid over the fair market value of net assets during the acquisition of businesses within the consulting segment. It reflects the value of intangible assets such as brand reputation, client relationships, and proprietary methodologies. Significant changes in this balance often result from new acquisitions or impairment testing.