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Marsh MRSH Risk and Insurance Services — Compensation and benefits

Other segment segments

Consulting
$1.52B

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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:LaborAndRelatedExpense.

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 risk and insurance services — compensation and benefits?
Marsh (MRSH) reported risk and insurance services — compensation and benefits of $2.58B in Q2 2026.
How has Marsh's risk and insurance services — compensation and benefits changed year-over-year?
Marsh's risk and insurance services — compensation and benefits increased by 4.9% year-over-year, from $2.46B to $2.58B.
What is the long-term trend for Marsh's risk and insurance services — compensation and benefits?
Over 3 years (2022 to 2025), Marsh's risk and insurance services — compensation and benefits has grown at a 11.0% compound annual growth rate (CAGR), from $7.1B to $9.71B.
What does risk and insurance services — compensation and benefits mean?
This represents the total expenditure on salaries, bonuses, and employee benefits for the risk and insurance services segment. As a professional services firm, this is typically the largest operating expense. It reflects the cost of human capital required to deliver advisory and brokerage services.

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