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Marsh MRSH Health — Revenue

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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$91.37B+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:RevenueFromContractWithCustomerExcludingAssessedTax.

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, 2026Three Months Ended June 30, 2025Six Months Ended June 30, 2026Six Months Ended June 30, 2025
Total Risk and Insurance Services$4,823$4,625$9,874$9,387
Mercer:
Wealth$740$685$1,492$1,355
Health6115941,2721,202
Career247219495437
Total Mercer1,5981,4983,2592,994
Marsh Management Consulting1,0048731,9011,691
Total Consulting$2,602$2,371$5,160$4,685

Item 1.Financial Statements.

FAQ

What is Marsh's health — revenue?
Marsh (MRSH) reported health — revenue of $611M in Q2 2026.
What does health — revenue mean?
This metric represents the total revenue generated by the firm's health-related consulting and advisory services. It captures the financial performance of business units dedicated to human capital, employee benefits, and health strategy solutions. Tracking this revenue stream provides insight into the firm's market position and growth within the specialized health and benefits consulting sector.

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