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Marsh MRSH Non-Controlling Interests

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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:MinorityInterest.

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, except share data)(Unaudited) June 30, 2026December 31, 2025
Additional paid-in capital1,5661,547
Retained earnings29,30127,767
Accumulated other comprehensive loss(5,575)(5,429)
Non-controlling interests250215
26,10324,661
Less – treasury shares, at cost, 82,719,184 shares at June 30, 2026and 75,783,063 shares at December 31, 2025(10,670)(9,346)
Total equity15,43315,315
$59,682$58,710

Item 1.Financial Statements.

FAQ

What is Marsh's non-controlling interests?
Marsh (MRSH) reported non-controlling interests of $250M in Q2 2026.
What does non-controlling interests mean?
Equity attributable to minority shareholders in subsidiaries not fully owned by the parent — their proportional claim on subsidiary net assets.

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