Marsh & Mclennan Companies, Inc. (MMC) Financial Statements
Industry: Insurance Agents, Brokers & Service
In fiscal 2025, Marsh & Mclennan Companies reported revenue of $26.98B, up 10.3% from $24.46B the year before. Net income was $4.16B (a 15.4% net margin), or $8.43 per diluted share. Operating margin was 23.1%. Operating activities generated $5.29B of cash, leaving $5.00B of free cash flow. At fiscal year end, Marsh & Mclennan Companies held $58.71B in total assets against $43.40B in total liabilities, including $2.69B of cash and equivalents.
Open the full interactive Marsh & Mclennan Companies financials → Quarterly statements, key ratios, valuation history and price charts.
Marsh & Mclennan Companies Key Stats
| Share Price | $177.01 |
|---|---|
| Market Cap | $85.32B |
| P/E Ratio | 21.0 |
| Revenue YoY Growth | +10.3% |
| 52-Week Range | $155.53 – $202.59 |
| Shares Outstanding | 480.0 million (basic, 2026 Q2) |
Marsh & Mclennan Companies Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $17.22B | $19.82B | $20.72B | $22.74B | $24.46B | $26.98B |
| Operating Income | $3.07B | $4.31B | $4.28B | $5.28B | $5.82B | $6.22B |
| Pre-Tax Income | $2.79B | $4.21B | $4.08B | $5.03B | $5.48B | $5.54B |
| Income Tax | $747.0M | $1.03B | $995.0M | $1.22B | $1.36B | $1.30B |
| Net Income | $2.02B | $3.14B | $3.05B | $3.76B | $4.06B | $4.16B |
| Diluted EPS | $3.94 | $6.13 | $6.04 | $7.53 | $8.18 | $8.43 |
Marsh & Mclennan Companies Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $6.35B | $6.59B | $7.60B | $7.40B |
| Net Income | $747.0M | $821.0M | $1.15B | $1.27B |
| Diluted EPS | $1.51 | $1.66 | $2.36 | $2.63 |
Marsh & Mclennan Companies Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $2.09B | $1.75B | $1.44B | $3.36B | $2.40B | $2.69B |
| Current Assets | $8.15B | $8.26B | $8.30B | $21.75B | $22.12B | $23.20B |
| Total Assets | $33.05B | $34.39B | $33.45B | $48.03B | $56.48B | $58.71B |
| Current Liabilities | $6.56B | $6.65B | $7.17B | $19.80B | $19.52B | $21.06B |
| Total Long-Term Debt | $11.31B | $10.95B | $11.49B | $13.46B | $19.95B | $19.59B |
| Total Liabilities | $23.79B | $23.17B | $22.70B | $35.66B | $42.95B | $43.40B |
| Shareholders' Equity | $9.26B | $11.22B | $10.75B | $12.37B | $13.54B | $15.31B |
Marsh & Mclennan Companies Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | $3.38B | $3.52B | $3.46B | $4.26B | $4.30B | $5.29B |
| Cash From Investing | -$814.0M | -$1.16B | -$850.0M | -$1.42B | -$8.82B | -$845.0M |
| Cash From Financing | -$1.88B | -$1.30B | -$1.05B | -$1.12B | $4.46B | -$4.63B |
| Free Cash Flow | $3.03B | $3.11B | $3.00B | $3.84B | $3.99B | $5.00B |
Figures from Marsh & Mclennan Companies' 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Marsh & Mclennan Companies financials page for every line item.
Marsh & Mclennan Companies Company Profile
| Ticker | MMC |
|---|---|
| Exchange | NYSE |
| Industry | Insurance Agents, Brokers & Service |
| Headquarters | New York, New York |
| Incorporated in | Delaware |
| Fiscal Year End | December 31 |
| SEC Filer Category | Large accelerated filer |
| SEC CIK | 0000062709 |
Frequently Asked Questions
What was Marsh & Mclennan Companies' revenue in fiscal 2025?
Marsh & Mclennan Companies (MMC) reported revenue of $26.98B for fiscal 2025.
What is Marsh & Mclennan Companies' annual revenue history?
Marsh & Mclennan Companies' annual revenue by fiscal year: 2020: $17.22B; 2021: $19.82B; 2022: $20.72B; 2023: $22.74B; 2024: $24.46B; 2025: $26.98B.
What was Marsh & Mclennan Companies' net income in fiscal 2025?
Marsh & Mclennan Companies reported net income of $4.16B for fiscal 2025.
What was Marsh & Mclennan Companies' earnings per share (EPS) in fiscal 2025?
Marsh & Mclennan Companies' diluted EPS was $8.43 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did Marsh & Mclennan Companies generate in fiscal 2025?
Marsh & Mclennan Companies generated $5.00B of free cash flow in fiscal 2025.
What was Marsh & Mclennan Companies' revenue last quarter?
In its most recent reported quarter (2026 Q2), Marsh & Mclennan Companies reported revenue of $7.40B.
How much debt does Marsh & Mclennan Companies have?
Marsh & Mclennan Companies reported $19.59B of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of Marsh & Mclennan Companies are outstanding?
Marsh & Mclennan Companies reported a weighted average of 480.0 million basic shares outstanding in 2026 Q2.
What is Marsh & Mclennan Companies' market cap?
Based on its latest closing price, Marsh & Mclennan Companies (MMC) has a market capitalization of about $85.32B.
When does Marsh & Mclennan Companies' fiscal year end?
Marsh & Mclennan Companies' fiscal year end, as registered with the SEC, is December 31.
Where is Marsh & Mclennan Companies headquartered?
Marsh & Mclennan Companies lists its business address in New York, New York in its SEC filings.