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Marsh MRSH Risk and Insurance Services — 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
Guy Carpenter6646771,9041,883
Subtotal4,7354,5269,7019,185
Fiduciary interest income8899173202
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

Item 1.Financial Statements.

FAQ

What is Marsh's risk and insurance services — revenue?
Marsh (MRSH) reported risk and insurance services — revenue of $4.82B in Q2 2026.
How has Marsh's risk and insurance services — revenue changed year-over-year?
Marsh's risk and insurance services — revenue increased by 4.3% year-over-year, from $4.63B to $4.82B.
What does risk and insurance services — revenue mean?
The total top-line revenue generated by the risk and insurance services segment, encompassing both core service fees and interest income on fiduciary funds. This metric serves as the primary indicator of the segment's overall market scale and financial contribution to the firm. It captures the full economic impact of the segment's operations.

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