Financials · Insurance Brokers
Marsh McLennan: revenue, profit and dividends
In fiscal 2025, Marsh McLennan had revenue of $27B, up 7.7% a year on average since 2015, and net income of $4.16B (15.4% of revenue). Its dividend per share has gone up 3 years in a row, to $3.43. It has 8% fewer shares than in 2015.
Revenue, fiscal 2025
average annual revenue growth since 2015 · +10.3% vs 2024
- Ticker
- MRSH · NYSE
- Sector
- Financials
- Sub-industry
- Insurance Brokers
- Headquarters
- New York City, New York
- Founded
- 1905
- In the S&P 500 since
- August 31, 1987
- Latest fiscal year
- 2025, ended December 31, 2025
- SEC filer
- Marsh & Mclennan Companies, Inc. · CIK 0000062709
Revenue and net income
Revenue went from $11.1B in 2007 to $27B in 2025. Net loss in 2008.
Diluted earnings per share
Diluted EPS went from $4.45 in 2007 to $8.43 in 2025. Ten-year growth: 11.0% a year.
Dividends per share
Raised 3 years in a row, every year from 2023 to 2025.
Shares outstanding
7.8% fewer shares in 2025 than in 2015 (536M → 494M): buybacks outweighed new shares.
Operating cash flow, capex and free cash flow
Free cash flow (operating cash flow minus capital expenditure) was $5.0B in 2025, 18.5% of revenue. Negative in 2007.
The chart data could not be loaded. The table below has the same figures.
Year by year
| Fiscal year | Revenue | Net income | Net margin | Diluted EPS | Dividend | Shares | Operating cash flow | Capex | Free cash flow |
|---|---|---|---|---|---|---|---|---|---|
| 2025 | $27B | $4.16B | 15.4% | $8.43 | $3.43 | 494M | $5.29B | $291M | $5.0B |
| 2024 | $24.5B | $4.06B | 16.6% | $8.18 | $3.05 | 496M | $4.3B | $316M | $3.99B |
| 2023 | $22.7B | $3.76B | 16.5% | $7.53 | $2.60 | 499M | $4.26B | $416M | $3.84B |
| 2022 | $20.7B | $3.05B | 14.7% | $6.04 | $2.25 | 505M | $3.46B | $470M | $3.0B |
| 2021 | $19.8B | $3.14B | 15.9% | $6.13 | — | 513M | $3.52B | $406M | $3.11B |
| 2020 | $17.2B | $2.02B | 11.7% | $3.94 | — | 512M | $3.38B | $348M | $3.03B |
| 2019 | $16.7B | $1.74B | 10.5% | $3.41 | — | 511M | $2.36B | $421M | $1.94B |
| 2018 | $14.9B | $1.65B | 11.0% | $3.23 | — | 511M | $2.43B | $314M | $2.11B |
| 2017 | $14B | $1.49B | 10.6% | $2.87 | — | 519M | $1.89B | $302M | $1.59B |
| 2016 | $13.2B | $1.77B | 13.4% | $3.38 | — | 524M | $2.01B | $253M | $1.75B |
| 2015 | $12.9B | $1.6B | 12.4% | $2.98 | — | 536M | $1.89B | $325M | $1.56B |
| 2014 | $13B | $1.47B | 11.3% | $2.65 | — | 553M | $2.12B | $368M | $1.75B |
| 2013 | $12.3B | $1.36B | 11.1% | $2.43 | — | 558M | $1.34B | $401M | $940M |
| 2012 | $11.9B | $1.18B | 9.9% | $2.13 | $0.90 | 552M | $1.32B | $320M | $1.0B |
| 2011 | $11.5B | $993M | 8.6% | $1.79 | $0.86 | 551M | $1.71B | $280M | $1.43B |
| 2010 | $10.6B | $855M | 8.1% | $1.55 | $0.81 | 544M | $722M | $271M | $451M |
| 2009 | $9.83B | $227M | 2.3% | $0.42 | $0.80 | 524M | $640M | $305M | $335M |
| 2008 | $10.7B | −$73M | −0.7% | −$0.14 | $0.80 | 515M | $940M | $386M | $554M |
| 2007 | $11.1B | $2.48B | 22.2% | $4.45 | — | 542M | −$303M | $378M | −$681M |
Fiscal years, labelled by the year in which they end. US dollars; per-share figures and share counts adjusted for splits. —: not in the data.
About these figures
- Older years are as filed at the time and may predate later restatements, mergers or spin-offs. How the figures are made.
Other Insurance Brokers companies
Source: SEC EDGAR (company filings), data as of November 8, 2026. Sectors, sub-industries, headquarters and index dates: Wikipedia, CC BY-SA 4.0.