Marsh & McLennan Companies, Inc., doing business as Marsh McLennan and Marsh, is a global professional services firm headquartered in New York City, with businesses in insurance brokerage, risk management, reinsurance services, talent management, investment advisory, and management consulting. Its four main operating companies are Marsh (54% of 2025 revenues), which offers risk management, insurance broking, insurance program management, risk consulting, analytical modeling, and alternative risk financing services; Marsh Re (formerly Guy Carpenter; 10% of 2025 revenues), a reinsurance intermediary and advisor; Mercer (23% of 2025 revenues), which provides consulting to employers for health insurance, retirement plans, and pension plans; and Oliver Wyman (13% of 2025 revenues), including Lippincott and NERA Economic Consulting, which provides consulting services. In 2024, risk and insurance services contributed a total of 63% of revenues and 71% of operating profit, while consulting contributed 37% of revenues and 29% of operating profit. It is the largest insurance broker worldwide.
| trading_symbol | registrant_name | time | price | change | percentage_change |
|---|---|---|---|---|---|
| MRSH | MARSH & MCLENNAN COMPANIES, INC. | 2026-05-22 14:59:46 | 164.16 | -0.97 | -0.58 |
| trading_symbol | central_index_key | registrant_name | isin_number | lei_number | ein_number | exchange | sic_code | sic_description | fiscal_year_end | state_of_incorporation | address_street | address_city | address_state | address_zip_code | address_country | address_country_code | phone_number | mailing_address | business_address | former_name | industry | founding_date | chief_executive_officer | number_of_employees | website | market_cap | shares_issued | shares_outstanding | description | update_time |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| MRSH | 0000062709 | MARSH & MCLENNAN COMPANIES, INC. | US5717481023 | — | 362668272 | NYSE | 6411 | Insurance Agents, Brokers & Service | 1231 | DE | 1166 AVENUE OF THE AMERICAS | NEW YORK | NY | 10036 | UNITED STATES | US | 2123455000 | 1166 AVENUE OF THE AMERICAS, NEW YORK, NY, 10036 | 1166 AVENUE OF THE AMERICAS, NEW YORK, NY, 10036 | MARSH & MCLENNAN COMPANIES INC | Insurance brokers | 1905 | John Q. Doyle | 95,000 | https://marsh.com | 107,422,546,097 | 560,641,640 | 481,794,501 | Marsh & McLennan Companies, Inc., doing business as Marsh McLennan and Marsh, is a global professional services firm headquartered in New York City, with businesses in insurance brokerage, risk management, reinsurance services, talent management, investment advisory, and management consulting. Its four main operating companies are Marsh (54% of 2025 revenues), which offers risk management, insurance broking, insurance program management, risk consulting, analytical modeling, and alternative risk financing services; Marsh Re (formerly Guy Carpenter; 10% of 2025 revenues), a reinsurance intermediary and advisor; Mercer (23% of 2025 revenues), which provides consulting to employers for health insurance, retirement plans, and pension plans; and Oliver Wyman (13% of 2025 revenues), including Lippincott and NERA Economic Consulting, which provides consulting services. In 2024, risk and insurance services contributed a total of 63% of revenues and 71% of operating profit, while consulting contributed 37% of revenues and 29% of operating profit. It is the largest insurance broker worldwide. | 2026-05-21 15:16:40 |
| Fiscal Year | Market Cap | Change In Market Cap | Percentage Change In Market Cap | Shares Outstanding | Change In Shares Outstanding | Percentage Change In Shares Outstanding |
|---|---|---|---|---|---|---|
| 2025 | 107,422,546,097 | 3,836,277,034 | 3.7035 | 484,124,253 | -7,006,873 | -1.4267 |
| 2024 | 103,586,269,063 | 10,736,390,457 | 11.5632 | 491,131,126 | -525,070 | -0.1068 |
| 2023 | 92,849,878,606 | 15,429,250,292 | 19.9291 | 491,656,196 | -2,915,255 | -0.5895 |
| Executive Name | Executive Position | Fiscal Year | Salary | Bonus | Stock Awards | Incentive Plan Compensation | Other Compensation | Total Compensation |
|---|---|---|---|---|---|---|---|---|
| Martin C. South | President, Chair, Chief Executive Officer | 2025 | 1,000,000 | 0 | 1,759,442 | 3,500,000 | 141,544 | 8,000,994 |
| Patrick Tomlinson | President, Chair, Chief Executive Officer | 2025 | 900,000 | 0 | 1,264,631 | 2,700,000 | 154,008 | 6,175,422 |
| Mark C. Mcgivney | Chief Financial Officer | 2025 | 1,000,000 | 0 | 1,979,499 | 3,100,000 | 190,519 | 8,123,648 |
| John Q. Doyle | President, CEO | 2025 | 1,500,000 | 0 | 9,209,469 | 5,550,000 | 416,562 | 25,051,051 |
| Dean M. Klisura | President, Chair, Chief Executive Officer | 2025 | 875,000 | 0 | 1,099,778 | 3,300,000 | 143,211 | 6,520,596 |
| Fiscal Year | Employee Count |
|---|---|
| 2016 | 60,000 |
| 2015 | 60,000 |
| 2014 | 57,000 |
| Fiscal Year | 2025 | 2024 | 2023 |
|---|---|---|---|
| Revenue | 26,981,000,000 | 24,458,000,000 | 22,736,000,000 |
| Cost Of Revenue | — | — | — |
| Gross Profit | 26,981,000,000 | 24,458,000,000 | 22,736,000,000 |
| Research And Development Expenses | — | — | — |
| General And Administrative Expenses | — | — | — |
| Operating Expenses | 20,758,000,000 | 18,641,000,000 | 17,454,000,000 |
| Operating Income | 6,223,000,000 | 5,817,000,000 | 5,282,000,000 |
| Net Income | 4,160,000,000 | 4,060,000,000 | 3,756,000,000 |
| Earnings Per Share Basic | 8.48 | 8.26 | 7.6 |
| Earnings Per Share Diluted | 8.43 | 8.18 | 7.53 |
| Weighted Average Shares Outstanding Basic | 491,000,000 | 492,000,000 | 494,000,000 |
| Weighted Average Shares Outstanding Diluted | 494,000,000 | 496,000,000 | 499,000,000 |
| Fiscal Year | 2025 | 2024 | 2023 |
|---|---|---|---|
| Cash And Cash Equivalents | 2,687,000,000 | 2,398,000,000 | 3,358,000,000 |
| Marketable Securities Current | — | — | — |
| Accounts Receivable | 7,670,000,000 | 7,156,000,000 | 6,418,000,000 |
| Inventories | — | — | — |
| Non Trade Receivables | — | — | — |
| Other Assets Current | 1,370,000,000 | 1,287,000,000 | 1,178,000,000 |
| Total Assets Current | 23,200,000,000 | 22,117,000,000 | 21,748,000,000 |
| Marketable Securities Non Current | — | — | — |
| Property Plant And Equipment | 829,000,000 | 859,000,000 | 882,000,000 |
| Other Assets Non Current | 1,786,000,000 | 1,730,000,000 | 1,590,000,000 |
| Total Assets Non Current | 35,510,000,000 | 34,364,000,000 | 26,282,000,000 |
| Total Assets | 58,710,000,000 | 56,481,000,000 | 48,030,000,000 |
| Accounts Payable | 3,652,000,000 | 3,402,000,000 | 3,403,000,000 |
| Deferred Revenue | — | — | — |
| Short Term Debt | 1,267,000,000 | 519,000,000 | 1,619,000,000 |
| Other Liabilities Current | 373,000,000 | 376,000,000 | 321,000,000 |
| Total Liabilities Current | 21,060,000,000 | 19,518,000,000 | 19,795,000,000 |
| Long Term Debt | 19,587,000,000 | 19,947,000,000 | 13,463,000,000 |
| Other Liabilities Non Current | 1,412,000,000 | 1,265,000,000 | 1,267,000,000 |
| Total Liabilities Non Current | 22,335,000,000 | 23,428,000,000 | 15,865,000,000 |
| Total Liabilities | 43,395,000,000 | 42,946,000,000 | 35,660,000,000 |
| Common Stock | 561,000,000 | 561,000,000 | 561,000,000 |
| Retained Earnings | 27,767,000,000 | 25,306,000,000 | 22,759,000,000 |
| Accumulated Other Comprehensive Income | -5,429,000,000 | -6,240,000,000 | -5,295,000,000 |
| Total Shareholders Equity | 15,315,000,000 | 13,535,000,000 | 12,370,000,000 |
| Fiscal Year | 2025 | 2024 | 2023 |
|---|---|---|---|
| Depreciation And Amortization | 361,000,000 | 369,000,000 | 713,000,000 |
| Share Based Compensation Expense | 394,000,000 | 368,000,000 | 363,000,000 |
| Other Non Cash Income Expense | — | — | — |
| Change In Accounts Receivable | 128,000,000 | 467,000,000 | 467,000,000 |
| Change In Inventories | — | — | — |
| Change In Non Trade Receivables | — | — | — |
| Change In Other Assets | 143,000,000 | 217,000,000 | 154,000,000 |
| Change In Accounts Payable | — | — | — |
| Change In Other Liabilities | 93,000,000 | 55,000,000 | 64,000,000 |
| Cash From Operating Activities | 5,292,000,000 | 4,302,000,000 | 4,258,000,000 |
| Purchases Of Marketable Securities | — | — | — |
| Sales Of Marketable Securities | 100,000,000 | 55,000,000 | 38,000,000 |
| Acquisition Of Property Plant And Equipment | 291,000,000 | 316,000,000 | 416,000,000 |
| Acquisition Of Business | 652,000,000 | 8,542,000,000 | -976,000,000 |
| Other Investing Activities | -2,000,000 | -1,000,000 | -11,000,000 |
| Cash From Investing Activities | -845,000,000 | -8,821,000,000 | -1,417,000,000 |
| Tax Withholding For Share Based Compensation | 148,000,000 | 180,000,000 | 148,000,000 |
| Payments Of Dividends | 1,685,000,000 | 1,499,000,000 | 1,285,000,000 |
| Issuance Of Common Stock | — | — | — |
| Repurchase Of Common Stock | 2,012,000,000 | 900,000,000 | 1,150,000,000 |
| Issuance Of Long Term Debt | 0 | 8,170,000,000 | 2,169,000,000 |
| Repayment Of Long Term Debt | 519,000,000 | 1,617,000,000 | 266,000,000 |
| Other Financing Activities | — | — | — |
| Cash From Financing Activities | -4,634,000,000 | 4,455,000,000 | -1,119,000,000 |
| Change In Cash | 486,000,000 | -478,000,000 | 2,050,000,000 |
| Cash At End Of Period | 2,687,000,000 | 2,398,000,000 | 3,358,000,000 |
| Income Taxes Paid | 1,292,000,000 | 1,239,000,000 | 1,119,000,000 |
| Interest Paid | 885,000,000 | 591,000,000 | 499,000,000 |
| Fiscal Year | 2025 | 2024 | 2023 |
|---|---|---|---|
| Earnings Per Share | 8.48 | 8.26 | 7.6 |
| Price To Earnings Ratio | 21.8774 | 25.7155 | 24.9303 |
| Earnings Growth Rate | 2.6634 | 8.6842 | 24.3863 |
| Price Earnings To Growth Ratio | 8.214 | 2.9612 | 1.0223 |
| Book Value Per Share | 31.1914 | 27.5102 | 25.0405 |
| Price To Book Ratio | 5.9478 | 7.7211 | 7.5665 |
| Ebitda | 6,773,000,000 | 6,368,000,000 | 6,166,000,000 |
| Enterprise Value | 109,257,320,000 | 122,573,720,000 | 105,322,180,000 |
| Dividend Yield | 0.0185 | 0.0143 | 0.0137 |
| Dividend Payout Ratio | 0.405 | 0.3692 | 0.3421 |
| Debt To Equity Ratio | 1.3617 | 1.5121 | 1.2192 |
| Capital Expenditures | 331,000,000 | 346,000,000 | 724,000,000 |
| Free Cash Flow | 4,961,000,000 | 3,956,000,000 | 3,534,000,000 |
| Return On Equity | 0.2716 | 0.3 | 0.3036 |
| One Year Beta | 0.3365 | 0.3111 | 0.7091 |
| Three Year Beta | 0.4206 | 0.7308 | 0.8048 |
| Five Year Beta | 0.6301 | 0.8055 | 0.8456 |
| Insider Name | Relationship To Issuer | Transaction Date | Amount Of Securities | Acquired Or Disposed | Securities Owned Following Transaction |
|---|---|---|---|---|---|
| Lute Jane H | Director | 2026-05-15 | 169 | A | 7,520 |
| Lute Jane H | Director | 2026-05-15 | 41 | A | 7,561 |
| Yates Lloyd M | Director | 2026-05-15 | 225 | A | 10,980 |
| Yates Lloyd M | Director | 2026-05-15 | 60 | A | 11,041 |
| Ingram Tamara | Director | 2026-05-15 | 43 | A | 7,736 |
| Investor Name | Period Of Report | Market Value | Amount Of Securities | Price Per Security |
|---|---|---|---|---|
| GROUPAMA ASSET MANAGMENT | 2026-03-31 | 653,213 | 3,766 | 173.4501 |
| VERUS CAPITAL PARTNERS, LLC | 2026-03-31 | 322,143 | 1,857 | 173.475 |
| VESTOR CAPITAL, LLC | 2026-03-31 | 139,000 | 802 | 173.3167 |
| SOA Wealth Advisors, LLC. | 2026-03-31 | 473,156 | 2,728 | 173.4443 |
| Union Heritage Capital, LLC | 2026-03-31 | 2,439,401 | 14,064 | 173.45 |
| Registrant Name | Period Of Report | Fund Name | Fund Symbol | Amount Of Units | Value In Usd | Percentage Value Compared To Assets |
|---|---|---|---|---|---|---|
| AQR Funds | 2026-03-31 | Class N | QMFNX | 530 | 91,928.5 | 0.4303 |
| AQR Funds | 2026-03-31 | Class I | QNZIX | -275 | -47,698.75 | -0.0232 |
| AQR Funds | 2026-03-31 | Class R6 | QNZRX | -275 | -47,698.75 | -0.0232 |
| AQR Funds | 2026-03-31 | Class N | QNZNX | -275 | -47,698.75 | -0.0232 |
| AQR Funds | 2026-03-31 | Class I | QHFIX | 982 | 170,327.9 | 0.2912 |