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    Marsh & McLennan Companies, Inc. (MRSH)

    Official site

    FINANCIAL SERVICES • INSURANCE BROKERS • NYSE

    $186.47
    +8.07 (+4.52%)

    Market Cap: $85.13B

    Last updated: Oct 16, 2026 at 1:55 PM ET

    Earnings

    Performance (10Y)

    Beat Rate
    97%(38/39)
    Avg Surprise
    +5.82%
    Streak
    32 Q

    Upcoming Estimates

    Period ending Dec 31, 2026
    EPS Consensus$2.35
    Range$2.21 - $2.44
    23 analysts
    Revenue Consensus
    $7.2B
    Range$7.1B - $7.3B
    17 analysts
    PeriodReportedEst.SurpriseB/MYoY
    Dec 26EST
    		-$2.35---
    Sep 26
    Reported Oct 15
    		$N/A$1.96N/ABeat-
    Jun 26
    Reported Jul 21
    		$2.96$2.88+2.78%Beat+8.8%
    Mar 26
    Reported Apr 16
    		$3.29$3.22+2.17%Beat+7.5%
    Dec 25
    Reported Jan 29
    		$2.12$1.97+7.61%Beat+13.4%
    Sep 25
    Reported Oct 16
    		$1.85$1.78+3.93%Beat+13.5%
    Jun 25
    Reported Jul 17
    		$2.72$2.66+2.26%Beat+12.9%
    Mar 25
    Reported Apr 17
    		$3.06$3.00+2.00%Beat+5.9%
    Dec 24
    Reported Jan 30
    		$1.87$1.76+6.25%Beat+11.3%
    Sep 24
    Reported Oct 17
    		$1.63$1.62+0.62%Beat+3.8%
    Jun 24
    Reported Jul 18
    		$2.41$2.39+0.84%Beat+9.5%
    Mar 24
    Reported Apr 18
    		$2.89$2.80+3.21%Beat+14.2%
    Dec 23
    Reported Jan 25
    		$1.68$1.63+3.07%Beat+14.3%
    Sep 23
    Reported Oct 19
    		$1.57$1.39+12.95%Beat+33.1%
    Jun 23
    Reported Jul 20
    		$2.20$2.12+3.77%Beat+16.4%
    Mar 23
    Reported Apr 20
    		$2.53$2.47+2.43%Beat+10.0%
    Dec 22
    Reported Jan 26
    		$1.47$1.41+4.26%Beat+8.1%
    Sep 22
    Reported Oct 20
    		$1.18$1.14+3.51%Beat+9.3%
    Jun 22
    Reported Jul 21
    		$1.89$1.86+1.61%Beat+8.0%
    Mar 22
    Reported Apr 21
    		$2.30$2.14+7.48%Beat+15.6%
    Dec 21
    Reported Jan 27
    		$1.36$1.35+0.74%Beat+14.3%
    Sep 21
    Reported Oct 21
    		$1.08$1.00+8.00%Beat+31.7%
    Jun 21
    Reported Jul 22
    		$1.75$1.43+22.38%Beat+32.6%
    Mar 21
    Reported Apr 27
    		$1.99$1.71+16.37%Beat+21.3%
    Dec 20
    Reported Jan 28
    		$1.19$1.12+6.25%Beat+0.0%
    Sep 20
    Reported Oct 29
    		$0.82$0.72+13.89%Beat+6.5%
    Jun 20
    Reported Jul 30
    		$1.32$1.13+16.81%Beat+11.9%
    Mar 20
    Reported Apr 30
    		$1.64$1.56+5.13%Beat+7.9%
    Dec 19
    Reported Jan 30
    		$1.19$1.18+0.85%Beat+9.2%
    Sep 19
    Reported Oct 29
    		$0.77$0.70+10.00%Beat-1.3%
    Jun 19
    Reported Jul 30
    		$1.18$1.13+4.42%Beat+7.3%
    Mar 19
    Reported Apr 25
    		$1.52$1.44+5.56%Beat+10.1%
    Dec 18
    Reported Jan 31
    		$1.09$1.04+4.81%Beat+3.8%
    Sep 18
    Reported Oct 25
    		$0.78$0.74+5.41%Beat-1.3%
    Jun 18
    Reported Jul 26
    		$1.10$1.11-0.90%Miss+10.0%
    Mar 18
    Reported Apr 26
    		$1.38$1.30+6.15%Beat+27.8%
    Dec 17
    Reported Feb 1
    		$1.05$0.94+11.70%Beat+18.0%
    Sep 17
    Reported Oct 26
    		$0.79$0.78+1.28%Beat-
    Jun 17
    Reported Jul 27
    		$1.00$1.00+0.00%Beat-
    Mar 17
    Reported Apr 27
    		$1.08$0.98+10.20%Beat-
    Dec 16
    Reported Feb 2
    		$0.89$0.83+7.23%Beat-

    Dividends

    Dividend Metrics

    Forward Yield2.12%
    Forward Annual Dividend$3.96
    Payout Ratio40.22%
    FrequencyQuarterly
    Pay MonthsFeb, May, Aug, Oct, Nov

    Growth

    3Y CAGR+15.09%
    5Y CAGR+13.26%
    MRSH dividend history and ex-dividend datesRun MRSH in the free DRIP calculator

    Key Metrics

    Valuation
    P/E Ratio18.25EV/EBITDA17.73x
    Price/FCF21.37xFCF Yield4.68%
    Profitability
    Profit Margin14.20%Operating Margin26.30%
    ROE25.90%ROIC11.13%
    Financial Health
    Debt/Equity1.43xInterest Coverage5.32x
    Current RatioN/AQuick RatioN/A
    Trading Statistics
    Beta0.58Avg Volume3.09M
    52-Week High$197.3452-Week Low$154.82

    Technical Indicators Dashboard

    Moving Averages

    SMA 10$175.67
    SMA 20$172.96
    SMA 50$180.56
    SMA 200$175.33
    EMA 10$177.13
    EMA 20$175.95
    EMA 50$177.29
    EMA 200$179.48

    MACD

    Line: 0.34Signal: -1.54Hist: 1.88

    ADX

    ADX: 28.6+DI: 36.2-DI: 16.8

    Aroon & PSAR

    Aroon Up100.0
    Aroon Down76.0
    PSAR$169.10

    Bollinger Bands

    Upper Band$181.93
    Lower Band$163.99
    %B Position1037%(Upper)
    Band Width1.25

    RSI (14-Day)

    Neutral
    69.8

    Momentum Oscillators

    Stoch %K87.5
    Stoch %D88.0
    Williams %R-18.6
    ROC (10d)8.5%
    Momentum14.62
    CCI (20d)277.6
    MFI (14d)67.8

    Volatility Measures

    ATR (14d)$4.07(2.2%)
    StdDev (20d)4.49
    Hist Vol21.1%(Moderate)

    Volume Flow

    VWAP$186.71
    OBV-13.9M
    AD Line-1.0B
    CMF (20d)-0.192

    Volume Metrics

    Avg Vol (20d)3.1M
    Vol Ratio1.4x
    VWMA (20d)$173.35

    Pivot Points

    R3$182.68
    R2$181.04
    R1$179.72
    Pivot Point$178.08
    S1$176.76
    S2$175.12
    S3$173.80

    Advanced Oscillators

    TSI2.01
    Ultimate Osc63.6
    KST-30.85

    Financial Data

    QuarterSep 2026Jun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024Jun 2024Mar 2024Dec 2023
    Total Revenue$6.63B$7.16B$7.37B$6.38B$6.14B$6.74B$6.84B$5.87B$5.56B$6.08B$6.35B$5.44B
    Cost of RevenueN/AN/A$4.13B$3.94B$3.89B$3.90B$3.85B$3.63B$3.44B$3.45B$3.47B$3.27B
    Gross ProfitN/AN/A$3.47B$2.66B$2.46B$3.08B$3.21B$2.44B$2.25B$2.77B$3.00B$2.29B
    Operating Expenses$5.65B$5.50B$5.84B$5.38B$5.18B$5.14B$5.06B$4.92B$4.59B$4.58B$4.55B$4.45B
    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/AN/A$1.75B$1.22B$1.17B$1.83B$2.00B$1.14B$1.11B$1.64B$1.93B$1.10B
    Interest Income$10.00M$8.00M$11.00M$14.00M$10.00M$5.00M$19.00M$22.00M$12.00M$12.00M$37.00M$38.00M
    Interest Expense$248.00M$250.00M$240.00M$235.00M$237.00M$243.00M$245.00M$231.00M$154.00M$156.00M$159.00M$151.00M
    Income Before Tax$1.03B$1.70B$1.58B$1.06B$1.01B$1.65B$1.83B$1.01B$1.03B$1.56B$1.87B$1.05B
    Income Tax Expense$221.00M$411.00M$395.00M$222.00M$253.00M$415.00M$415.00M$208.00M$283.00M$425.00M$447.00M$283.00M
    Net Income$812.00M$1.29B$1.19B$834.00M$757.00M$1.23B$1.41B$801.00M$752.00M$1.14B$1.42B$765.00M
    EBITDA$1.22B$1.88B$1.76B$1.23B$1.18B$1.83B$2.01B$1.14B$1.15B$1.68B$1.99B$1.18B
    EBIT$985.00M$1.65B$1.53B$1.00B$958.00M$1.60B$1.78B$942.00M$967.00M$1.50B$1.80B$989.00M
    * 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

    70,041 Marsh & McLennan Companies, Inc. $MRSH Shares Sold by Curated Wealth Partners LLC

    Curated Wealth Partners LLC significantly reduced its stake in Marsh & McLennan Companies, selling 70,041 shares and retaining 5,469 shares valued at approximately $934,000. Despite this...

    MarketBeat•10/16/26•Somewhat-Bullish

    Marsh & McLennan Companies, Inc. (MRSH) Tops Q3 EPS by 6c

    Marsh & McLennan Companies, Inc. (MRSH) announced its Q3 earnings, surpassing analyst expectations. The company reported an EPS of $2.03, which is $0.06 higher than the estimated $1.97. Additionally...

    StreetInsider•10/15/26•Bullish

    Evercore cuts target for Marsh & McLennan stock to USD 224.00

    Evercore has lowered its price target for Marsh & McLennan stock to $224.00, ahead of the company's third-quarter earnings report. This adjustment, alongside other analyst target changes from Goldman Sachs and UBS...

    ad-hoc-news.de•10/15/26•Somewhat-Bearish

    Rep. Kevin Hern Unloads Shares of Marsh & McLennan Companies, Inc. (NYSE:MRSH)

    Representative Kevin Hern recently sold shares of Marsh & McLennan Companies (NYSE: MRSH) valued between $50,001 and $100,000 from his family trust on September 17th. This sale was part of a broader divestment of various...

    MarketBeat•10/15/26•Neutral

    Price to earnings forward of Marsh & McLennan Cos Inc Shs Cert.Deposito Arg.Repr. 0.0625 Shs – BCBA:MRSHC

    The article provides financial information for Marsh & McLennan Cos Inc Shs Cert.Deposito Arg.Repr. 0.0625 Shs (BCBA:MRSHC)...

    TradingView•10/15/26•Neutral

    MRSH Valuation and Fair Value

    P/E
    18.2x
    Forward P/E
    15.0x
    EV/EBITDA
    17.7x
    P/FCF
    21.4x
    PEG
    1.5x
    P/B
    6.0x
    See GNG's fair value

    MRSH Profitability: Margins, ROIC and FCF

    Operating margin
    26.3%
    Net margin
    14.2%
    ROIC
    11.1%
    ROE
    25.9%
    FCF margin
    15.1%
    FCF yield
    4.7%

    MRSH Competitors

    CompanyTicker
    PNC Financial Services Group IncPNC
    KKR & Co. Inc.KKR
    Intercontinental Exchange IncICE
    Brookfield CorpBN
    U.S. BancorpUSB
    Moodys CorporationMCO
    MMCMMC
    Lloyds Banking Group PLC ADRLYG

    Sector: Financial Services

    MRSH Analyst Ratings

    Consensus
    Hold
    Analysts
    23
    Strong Buy
    2
    Buy
    5
    Hold
    15
    Sell
    0
    Strong Sell
    1

    MRSH Bull Case vs Bear Case

    Bull case

    • MRSH converts 15.1% of revenue into free cash flow.
    • MRSH beat EPS estimates in 100.0% of its last 8 reported quarters.

    MRSH Earnings: Beat Rate and Next Report

    Beat rate
    8 of 8 quarters (100.0%)
    Average surprise
    3.5%
    EPS estimate (fiscal period ending Dec 31, 2026)
    $2.35

    MRSH Dividend

    Forward yield
    2.1%
    Payout ratio
    40.2%
    3Y DPS growth
    15.1%
    5Y DPS growth
    13.3%
    Pay months
    Feb, May, Aug, Oct, Nov
    MRSH dividend history

    Frequently Asked Questions About MRSH

    What is MRSH's current dividend yield?

    Marsh & McLennan Companies, Inc. (MRSH) has a forward dividend yield of 2.12%.

    Does MRSH pay dividends?

    Yes, Marsh & McLennan Companies, Inc. pays dividends with a forward dividend yield of 2.12%.

    What is MRSH's P/E ratio?

    Marsh & McLennan Companies, Inc. has a price-to-earnings (P/E) ratio of 18.25.

    What is MRSH's market cap?

    Marsh & McLennan Companies, Inc. (MRSH) has a market capitalization of $85.13B with a current stock price of $186.47.

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