Marsh & Mclennan Companies, Inc. MRSH
Slide the table for earlier years · "·" marks a figure not available in our data for that year.
What this company does
Written from the business description in Marsh & McLennan Companies, Inc.'s annual report to the U.S. Securities and Exchange Commission, filed 9 February 2026. Every sentence was checked against that document before publication.
Growth
Revenue compounded at +9.4% a year over the five years to FY2025 — but profit grew faster: net income at +15.6%, earnings per share at +16.4%.
The share count fell from 0.51B to 0.48B — the buyback concentrates the same profit into fewer slices.
Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.
Profitability
Each USD of equity produced 29 cents of profit this year.
The 19-year record
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue $B | 27.0 | 24.5 | 22.7 | 20.7 | 19.8 | 17.2 | 16.7 | 14.9 | 14.0 | 13.2 | 12.9 | 13.0 | 12.3 | 11.9 | 11.5 | 10.6 | 9.8 | 10.7 | 11.1 |
| Operating income $B | 6.2 | 5.8 | 5.3 | 4.3 | 4.3 | 3.1 | 2.7 | 2.8 | 2.7 | 2.4 | 2.4 | 2.3 | 2.1 | 1.8 | 1.6 | 0.9 | 0.8 | 0.7 | 0.9 |
| EBITDA $B | 6.6 | 6.2 | 5.7 | 4.7 | 5.1 | 3.8 | 3.3 | 3.3 | 3.1 | 2.9 | 2.8 | 2.7 | 2.4 | 2.2 | 2.0 | 1.2 | 1.1 | 1.0 | 1.2 |
| Income tax $B | 1.3 | 1.4 | 1.2 | 1.0 | 1.0 | 0.7 | 0.7 | 0.6 | 1.1 | 0.7 | 0.7 | 0.6 | 0.6 | 0.5 | 0.4 | 0.2 | 0.0 | 0.1 | 0.3 |
| Net income $B | 4.2 | 4.1 | 3.8 | 3.0 | 3.1 | 2.0 | 1.7 | 1.6 | 1.5 | 1.8 | 1.6 | 1.5 | 1.4 | 1.2 | 1.0 | 0.9 | 0.2 | −0.1 | 2.5 |
| Free cash flow $B | 5.0 | 4.0 | 3.8 | 3.0 | 3.1 | 3.0 | 1.9 | 2.1 | 1.6 | 1.8 | 1.6 | 1.8 | 0.9 | 1.0 | 1.4 | 0.5 | 0.3 | 0.6 | −0.7 |
| EPS, diluted $ | 8.43 | 8.18 | 7.53 | 6.04 | 6.13 | 3.94 | 3.41 | 3.23 | 2.87 | 3.38 | 2.98 | 2.65 | 2.43 | 2.13 | 1.79 | 1.55 | 0.42 | −0.14 | 4.45 |
| Dividend / sh $ | 3.43 | 3.05 | 2.60 | 2.25 | ◌ | ◌ | ◌ | ◌ | ◌ | ◌ | ◌ | ◌ | ◌ | 0.90 | 0.86 | 0.81 | 0.80 | 0.80 | ◌ |
| Payout % | 41 | 37 | 35 | 37 | 33 | 47 | 51 | 49 | 50 | 39 | 40 | 40 | 39 | 42 | 48 | 53 | 190 | −564 | 17 |
| ROE % | 28.8 | 31.3 | 32.5 | 27.8 | 30.7 | 23.4 | 22.4 | 22.0 | 21.8 | 27.5 | 23.3 | 19.4 | 18.6 | 18.7 | 16.1 | 13.9 | 3.9 | −1.1 | 31.5 |
| Shares out B | 0.48 | 0.49 | 0.49 | 0.49 | 0.50 | 0.51 | 0.50 | 0.50 | 0.51 | 0.51 | 0.52 | 0.54 | 0.55 | 0.55 | 0.54 | 0.54 | 0.53 | 0.51 | 0.52 |
Slide the table for earlier years. "—" not applicable · "◌" not available in our data.
This company against its peers
Company facts, as filed
Reconciled in 18 of the 19 fiscal years we could check. 1 of those reconciliations are divergences — the figures exist but don't fit the formula this check expects; that isn't the same as an error. Two checks were skipped: the balance sheet is not tagged before 2008.