Marsh MRSH Business Segments
| Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | ||
|---|---|---|---|---|---|---|
| Revenue by Business | ||||||
| Consulting | $2.56B+10.5% | $2.64B+8.3% | $2.47B+9.0% | $2.37B+7.0% | $2.31B+4.5% | |
| Risk and Insurance Services | $5.05B+6.1% | —— | —— | —— | $4.76B+23.7% | |
| Operating Income (Loss) by Business | ||||||
| Consulting | $525M+15.1% | $483M+3.6% | $501M+8.4% | $456M+11.2% | $456M+5.6% | |
| Risk and Insurance Services | $1.31B-18.7% | —— | —— | —— | $1.61B+47.8% | |
| Compensation and benefits by Business | ||||||
| Consulting | $1.48B+8.2% | —— | —— | —— | $1.36B+1.8% | |
| Risk and Insurance Services | $2.61B+6.3% | $2.37B+9.0% | $2.42B+15.7% | $2.46B+16.8% | $2.45B+15.7% | |
| Restructuring Charges by Business | ||||||
| Consulting | $13M+62.5% | $32M-34.7% | $18M+28.6% | $6M+20.0% | $8M-27.3% | |
| Risk and Insurance Services | $27M+17.4% | —— | —— | —— | $23M-37.8% | |
| Number of acquisitions made (in acquisitions) by Business | ||||||
| Consulting | 1-33.3% | 1.5— | 1.5— | 1.5— | 1.5-70.0% | |
| Risk and Insurance Services | 1-71.4% | 3.5+40.0% | 3.5+40.0% | 3.5+40.0% | 3.5+40.0% | |
| Intangible Amortization by Business | ||||||
| Consulting | $19M0.0% | —— | —— | —— | $19M+49.0% | |
| Risk and Insurance Services | $119M-0.8% | $118M+26.9% | $116M+50.6% | $121M+57.1% | $120M+51.9% | |
| Depreciation and amortization expense by Business | ||||||
| Consulting | $25M+4.2% | $26M0.0% | $25M0.0% | $25M-3.8% | $24M-35.1% | |
| Risk and Insurance Services | $50M0.0% | —— | —— | —— | $50M+4.2% | |
| Goodwill expected to be tax deductible by Business | ||||||
| Risk and Insurance Services | $3M— | $264M-85.3% | —— | —— | —— | |
| Goodwill by Business | ||||||
| Consulting | $4.7B— | $4.8B— | —— | —— | —— | |
| Risk and Insurance Services | $19.5B— | $19.5B— | —— | —— | —— |
Chart any of these lines over time, or line them up against competitors.
Compare these in charts →Questions, answered.
- How does Marsh break its business down?
- Marsh (MRSH) reports revenue by business across 2 parts — Consulting and Risk and Insurance Services. Each is extracted from the segment footnotes and tracked over time.
- Where does Marsh's segment data come from?
- Segment breakdowns are pulled from the segment footnotes in Marsh's SEC filings (the XBRL dimensional tags), so every line ties back to a reported figure. Switch between quarterly, annual, and TTM, or open any segment for its full history.
