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Marsh MRSH Risk and Insurance Services — Operating Income (Loss)

Other segment segments

Consulting
$502M

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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$92.24B+2.4%
Enterprise value$112.28B
P/E23.2×
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:OperatingIncomeLoss.

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 — operating income (loss)?
Marsh (MRSH) reported risk and insurance services — operating income (loss) of $1.48B in Q2 2026.
How has Marsh's risk and insurance services — operating income (loss) changed year-over-year?
Marsh's risk and insurance services — operating income (loss) increased by 2.4% year-over-year, from $1.44B to $1.48B.
What does risk and insurance services — operating income (loss) mean?
This represents the profitability of the Risk and Insurance Services segment after deducting operating expenses from segment revenue. It serves as a primary indicator of the segment's ability to generate earnings from its core brokerage and risk advisory activities. Investors use this to assess the segment's contribution to the overall company's bottom line and its competitive performance.

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