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    Marsh & McLennan Companies, Inc. (MRSH)

    Official site

    FINANCIAL SERVICES • INSURANCE BROKERS • NYSE

    $189.78
    -2.86 (-1.48%)

    Market Cap: $91.93B

    Last updated: Sep 01, 2026 at 10:00 AM ET

    Earnings

    Performance (10Y)

    Beat Rate
    98%(39/40)
    Avg Surprise
    +5.71%
    Streak
    32 Q

    Upcoming Estimates

    Sep 30, 2026
    EPS Consensus$1.97
    Range$1.92 - $2.01
    22 analysts
    EPS Revisions
    9
    0
    7d
    9
    8
    30d
    EPS Estimate Drift
    90d ago$1.98+0.3%
    60d ago$1.98+0.5%
    30d ago$1.98+0.1%
    7d ago$1.98+0.1%
    Current$1.97
    Revenue Consensus
    $6.7B
    Range$6.6B - $6.7B
    12 analysts
    Dec 31, 2026
    EPS Consensus$2.35
    Range$2.20 - $2.44
    23 analysts
    Revenue Consensus
    $7.2B
    Range$7.1B - $7.3B
    16 analysts
    PeriodReportedEst.SurpriseB/MYoY
    Dec 26EST
    		-$2.35---
    Sep 26EST
    		-$1.97---
    Jun 26
    		$2.96$2.88+2.78%Beat+8.8%
    Mar 26
    		$3.29$3.22+2.17%Beat+7.5%
    Dec 25
    		$2.12$1.97+7.61%Beat+13.4%
    Sep 25
    		$1.85$1.78+3.93%Beat+13.5%
    Jun 25
    		$2.72$2.66+2.26%Beat+12.9%
    Mar 25
    		$3.06$3.00+2.00%Beat+5.9%
    Dec 24
    		$1.87$1.76+6.25%Beat+11.3%
    Sep 24
    		$1.63$1.62+0.62%Beat+3.8%
    Jun 24
    		$2.41$2.39+0.84%Beat+9.5%
    Mar 24
    		$2.89$2.80+3.21%Beat+14.2%
    Dec 23
    		$1.68$1.63+3.07%Beat+14.3%
    Sep 23
    		$1.57$1.39+12.95%Beat+33.1%
    Jun 23
    		$2.20$2.12+3.77%Beat+16.4%
    Mar 23
    		$2.53$2.47+2.43%Beat+10.0%
    Dec 22
    		$1.47$1.41+4.26%Beat+8.1%
    Sep 22
    		$1.18$1.14+3.51%Beat+9.3%
    Jun 22
    		$1.89$1.86+1.61%Beat+8.0%
    Mar 22
    		$2.30$2.14+7.48%Beat+15.6%
    Dec 21
    		$1.36$1.35+0.74%Beat+14.3%
    Sep 21
    		$1.08$1.00+8.00%Beat+31.7%
    Jun 21
    		$1.75$1.43+22.38%Beat+32.6%
    Mar 21
    		$1.99$1.71+16.37%Beat+21.3%
    Dec 20
    		$1.19$1.12+6.25%Beat+0.0%
    Sep 20
    		$0.82$0.72+13.89%Beat+6.5%
    Jun 20
    		$1.32$1.13+16.81%Beat+11.9%
    Mar 20
    		$1.64$1.56+5.13%Beat+7.9%
    Dec 19
    		$1.19$1.18+0.85%Beat+9.2%
    Sep 19
    		$0.77$0.70+10.00%Beat-1.3%
    Jun 19
    		$1.18$1.13+4.42%Beat+7.3%
    Mar 19
    		$1.52$1.44+5.56%Beat+10.1%
    Dec 18
    		$1.09$1.04+4.81%Beat+3.8%
    Sep 18
    		$0.78$0.74+5.41%Beat-1.3%
    Jun 18
    		$1.10$1.11-0.90%Miss+10.0%
    Mar 18
    		$1.38$1.30+6.15%Beat+27.8%
    Dec 17
    		$1.05$0.94+11.70%Beat+18.0%
    Sep 17
    		$0.79$0.78+1.28%Beat+14.5%
    Jun 17
    		$1.00$1.00+0.00%Beat-
    Mar 17
    		$1.08$0.98+10.20%Beat-
    Dec 16
    		$0.89$0.83+7.23%Beat-
    Sep 16
    		$0.69$0.68+1.47%Beat-

    Dividends

    Dividend Metrics

    Yield1.94%
    Annual/Share$3.69
    Payout Ratio34.88%
    Frequency4
    Pay MonthsFeb, May, Aug, Oct

    Growth

    3Y CAGR+15.09%
    5Y CAGR+13.26%
    View MRSH's full dividend history

    Key Metrics

    Valuation
    P/E Ratio18.57EV/EBITDA15.43x
    Price/FCF19.11xFCF Yield5.23%
    Profitability
    Profit Margin14.20%Operating Margin26.30%
    ROE25.90%ROIC10.95%
    Financial Health
    Debt/Equity1.35xInterest Coverage5.35x
    Current RatioN/AQuick RatioN/A
    Trading Statistics
    Beta0.58Avg Volume1.91M
    52-Week High$204.5652-Week Low$155.72

    Technical Indicators Dashboard

    Moving Averages

    SMA 10$191.15
    SMA 20$190.55
    SMA 50$182.56
    SMA 200$176.69
    EMA 10$191.05
    EMA 20$189.73
    EMA 50$183.97
    EMA 200$181.45

    MACD

    Line: 2.29Signal: 2.79Hist: -0.51

    ADX

    ADX: 31.3+DI: 26.1-DI: 18.2

    Aroon & PSAR

    Aroon Up8.0
    Aroon DownN/A
    PSAR$195.86

    Bollinger Bands

    Upper Band$195.66
    Lower Band$185.44
    %B Position537%(Upper)
    Band Width0.42

    RSI (14-Day)

    Neutral
    52.5

    Momentum Oscillators

    Stoch %K57.9
    Stoch %D65.3
    Williams %R-51.0
    ROC (10d)3.0%
    Momentum5.57
    CCI (20d)-0.4
    MFI (14d)44.4

    Volatility Measures

    ATR (14d)$4.01(2.1%)
    StdDev (20d)2.56
    Hist Vol17.1%(Low)

    Volume Flow

    VWAP$190.64
    OBV-34.0M
    AD Line-982.7M
    CMF (20d)-0.134

    Volume Metrics

    Avg Vol (20d)1.9M
    Vol Ratio1.2x
    VWMA (20d)$190.76

    Pivot Points

    R3$198.83
    R2$196.73
    R1$194.68
    Pivot Point$192.58
    S1$190.53
    S2$188.43
    S3$186.38

    Advanced Oscillators

    TSI14.74
    Ultimate Osc41.5
    KST40.69

    Financial Data

    QuarterJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024Jun 2024Mar 2024Dec 2023Sep 2023
    Total Revenue$7.16B$7.37B$6.38B$6.14B$6.74B$6.84B$5.87B$5.56B$6.08B$6.35B$5.44B$5.25B
    Cost of RevenueN/A$4.13B$3.94B$3.89B$3.90B$3.85B$3.63B$3.44B$3.45B$3.47B$3.27B$3.29B
    Gross ProfitN/A$3.47B$2.66B$2.46B$3.08B$3.21B$2.44B$2.25B$2.77B$3.00B$2.29B$2.10B
    Operating Expenses$5.50B$5.84B$5.38B$5.18B$5.14B$5.06B$4.92B$4.59B$4.58B$4.55B$4.45B$4.39B
    R&D$0$0$0$0$0$0$0$0$0$0$0$0
    SG&A$0$0$0$0$0$0$0$0$0$0$0$0
    Operating IncomeN/A$1.75B$1.22B$1.17B$1.83B$2.00B$1.14B$1.11B$1.64B$1.93B$1.10B$996.00M
    Interest Income$8.00M$11.00M$14.00M$10.00M$5.00M$19.00M$22.00M$12.00M$12.00M$37.00M$38.00M$16.00M
    Interest Expense$250.00M$240.00M$235.00M$237.00M$243.00M$245.00M$231.00M$154.00M$156.00M$159.00M$151.00M$145.00M
    Income Before Tax$1.70B$1.58B$1.06B$1.01B$1.65B$1.83B$1.01B$1.03B$1.56B$1.87B$1.05B$930.00M
    Income Tax Expense$411.00M$395.00M$222.00M$253.00M$415.00M$415.00M$208.00M$283.00M$425.00M$447.00M$283.00M$192.00M
    Net Income$1.29B$1.19B$834.00M$757.00M$1.23B$1.41B$801.00M$752.00M$1.14B$1.42B$765.00M$738.00M
    EBITDA$1.88B$1.76B$1.23B$1.18B$1.83B$2.01B$1.14B$1.15B$1.68B$1.99B$1.18B$1.05B
    EBIT$1.65B$1.53B$1.00B$958.00M$1.60B$1.78B$942.00M$967.00M$1.50B$1.80B$989.00M$868.00M
    * Some calculated fields are derived from available data when not provided by source

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    Government Contracts

    Gov Obligations (TTM)
    $6.15M
    Gov Obligations / Revenue
    0.0%
    Obligations YoY
    17.7%
    Active Awards
    23
    New Awards (TTM)
    10
    Avg Remaining Term
    18.1 mo

    Top agency: Department of Defense at 52.2% of trailing twelve month obligations across 6 agencies

    Recent Awards

    Award IDAgencyObligatedStart
    HT001125FE006Department of DefenseDefense Health Agency$1.75MSep 15, 2025
    HT001126FE008Department of DefenseDefense Health Agency$1.72MJan 15, 2026
    2043FY25C00025Department of the TreasuryInternal Revenue Service$1.04MAug 4, 2025
    2023H225C00107Department of the TreasuryInternal Revenue Service$965050Aug 1, 2025
    693JJ626C000012Department of TransportationFederal Railroad Administration$744000Jun 8, 2026
    12FPC126F0032Department of AgricultureUnder Secretary for Farm and Foreign Agricultural Services$29100Mar 23, 2026
    12FPC125F0083Department of AgricultureUnder Secretary for Farm and Foreign Agricultural Services$20005Sep 3, 2025
    12FPC126F0069Department of AgricultureUnder Secretary for Farm and Foreign Agricultural Services$19400Jun 8, 2026
    70T01026P7663N004Department of Homeland SecurityTransportation Security Administration$14400Sep 1, 2026
    19AQMM25P0859Department of StateDepartment of State$13125Oct 1, 2025

    Federal contract obligations are bookings recorded by the awarding agency, not recognized revenue. They can exceed 100% of revenue and can be negative when contracts are de-obligated. Source: USAspending.gov prime awards, data through Jul 31, 2026.

    News

    Canada Pension Plan Investment Board Purchases New Position in Marsh & McLennan Companies, Inc. $MRSH

    The Canada Pension Plan Investment Board has acquired a new position in Marsh & McLennan Companies (NYSE:MRSH), purchasing 1.61 million shares valued at approximately $267.6 million. This investment gives the board a 0.34% stake in the financial services provider, which recently exceeded EPS expectations and increased its quarterly dividend. Despite a cautious outlook from analysts, institutional investors collectively own a significant portion of the company's stock.

    MarketBeat•8/26/26•
    Somewhat-Bullish

    Sone Capital Management LLC Makes New Investment in Marsh & McLennan Companies, Inc. $MRSH

    Sone Capital Management LLC has made a new investment in Marsh & McLennan Companies, Inc. (NYSE:MRSH), acquiring 65,402 shares valued at approximately $10.9 million. This comes as Marsh & McLennan reported strong quarterly earnings, beating analyst expectations with an EPS of $2.96 and a 6.2% year-over-year revenue increase to $7.28 billion. The company also raised its quarterly dividend to $0.99 per share, bringing its annualized yield to 2.0%.

    MarketBeat•8/25/26•
    Bullish

    The Manufacturers Life Insurance Company Makes New $311.19 Million Investment in Marsh & McLennan Companies, Inc. $MRSH

    The Manufacturers Life Insurance Company has made a significant new investment of $311.19 million in Marsh & McLennan Companies, Inc., acquiring 1.87 million shares. This investment positions the company as a notable institutional holder of Marsh & McLennan stock. The financial services provider recently exceeded quarterly earnings expectations and increased its dividend, though analyst sentiment remains mixed with a consensus "Hold" rating.

    MarketBeat•8/25/26•
    Somewhat-Bullish

    Osmosis Investment Management UK Ltd Takes $1.87 Million Position in Marsh & McLennan Companies, Inc. $MRSH

    Osmosis Investment Management UK Ltd has acquired a new position in Marsh & McLennan Companies, Inc. (NYSE:MRSH) during the second quarter, purchasing 11,225 shares valued at approximately $1.87 million. Other institutional investors have also adjusted their holdings in the company, which recently reported exceeding quarterly earnings expectations and increased its quarterly dividend to $0.99 per share. Analysts currently maintain a consensus "Hold" rating for Marsh & McLennan with an average price target of $203.50.

    MarketBeat•8/25/26•
    Bullish

    Meiji Yasuda Asset Management Co Ltd. Makes New $2.20 Million Investment in Marsh & McLennan Companies, Inc. $MRSH

    Meiji Yasuda Asset Management Co Ltd. has initiated a new investment in Marsh & McLennan Companies, Inc. (NYSE:MRSH) by purchasing 13,211 shares valued at approximately $2.20 million. This move aligns with other institutional investors, who collectively own 87.99% of the company. Marsh & McLennan recently reported strong quarterly earnings, exceeding analyst expectations, and increased its quarterly dividend.

    MarketBeat•8/25/26•
    Bullish

    Frequently Asked Questions About MRSH

    What is MRSH's current dividend yield?
    Marsh & McLennan Companies, Inc. (MRSH) has a current dividend yield of 1.94%.
    Does MRSH pay dividends?
    Yes, Marsh & McLennan Companies, Inc. pays dividends with a current yield of 1.94%.
    What is MRSH's P/E ratio?
    Marsh & McLennan Companies, Inc. has a price-to-earnings (P/E) ratio of 18.57.
    What is MRSH's market cap?
    Marsh & McLennan Companies, Inc. (MRSH) has a market capitalization of $91.93B with a current stock price of $189.78.

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