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Marsh MRSH Business Segments

FY'25FY'24FY'23
Revenue by Business
Consulting$9.79B+7.2%$9.13B
Operating Income (Loss) by Business
Consulting$1.9B+7.1%$1.77B+6.2%$1.67B
Compensation and benefits by Business
Risk and Insurance Services$9.71B+14.3%$8.5B+10.3%$7.7B+8.5%
Restructuring Charges by Business
Consulting$64M-19.0%$79M
Number of acquisitions made (in acquisitions) by Business
Consulting6
Risk and Insurance Services14+40.0%10
Intangible Amortization by Business
Risk and Insurance Services$475M+45.7%$326M+9.8%$297M+2.1%
Depreciation and amortization expense by Business
Consulting$100M-12.3%$114M+7.5%$106M

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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.