Marsh Q3 2026: revenue $6.86 billion, adjusted EPS $2.03, up 10%
Marsh earned $808 million, or $1.69 per share, on $6.86 billion of revenue, and adjusted EPS of $2.03 beat the $2.0133 consensus by $0.02. The catch: 3 of the 8.1% revenue gain came from acquisitions and other deal items, so underlying growth was only 5%. Capital return stayed heavy, with $980 million paid out in buybacks and dividends.
1 · Expected vs. Actual
Free preview belowGAAP EPS of $1.69 was up 11.9% from $1.51, and adjusted EPS of $2.03 rose 10% from $1.85. That topped the $2.0133 consensus by $0.02, or 0.8% — a beat, but a thin one. Adjusted profit excludes $312 million of operating income adjustments, including $144 million of Greensill litigation costs and a $126 million gain on consolidating an entity.
Revenue of $6.86 billion rose 8.1% from $6.35 billion a year earlier, but only 5% of that was underlying. The rest came from acquisitions, dispositions and other items that the company itself strips out to show the real trend. Risk and Insurance Services, the biggest piece at $4.20 billion, grew just 3% on an underlying basis.
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Figures on this page come from the company's original SEC filings. The analysis is generated automatically and checked against validation rules, but may still contain errors or omissions. Not investment advice. · Generated 2026-10-15
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