Marsh & McLennan Cos Inc

Latest Results (22.10.2025):

Marsh & McLennan Cos Inc reported solid financial performance for the third quarter of 2025, demonstrating significant growth in revenue, operating income, and earnings per share. The company achieved an 11% increase in consolidated revenue and showed strong underlying growth, reflecting its robust position in the professional services sector.

Revenue Growth

Consolidated revenue for Q3 2025 reached $6.4 billion, marking an 11% increase compared to Q3 2024, with an underlying growth of 4%. This growth was driven by strong performances across all business segments, including a 16% increase in Marsh’s revenue.

Operating Income

GAAP operating income rose by 6% to $1.2 billion, while adjusted operating income saw a significant 13% increase to $1.4 billion. This improvement underscores the company’s effective cost management and operational efficiencies.

Earnings Per Share

The third quarter GAAP earnings per share (EPS) were $1.51, with adjusted EPS increasing by 11% to $1.85. For the nine months ended September 30, 2025, GAAP EPS was $6.75, and adjusted EPS rose by 9% to $7.63.

Segment Performance

All major segments reported growth, with Risk & Insurance Services revenue up by 13%, Consulting revenue increasing by 9%, and Mercer’s revenue growing by 9%. Oliver Wyman also contributed with a 9% rise in revenue, highlighting the strength across Marsh & McLennan’s diverse business lines.

Share Repurchases and Branding

In Q3 2025, the company repurchased approximately 1.9 million shares for $400 million. Additionally, Marsh & McLennan announced a rebranding to Marsh effective January 2026 and the creation of the Business and Client Services (BCS) unit to enhance client impact and operational efficiency.