MRSH
Marsh McLennanPrevious close
200.62
Change
+3.59 / +1.82%
P/E (TTM) ?
23.6
Market Cap
$96.2B
1M
+17.51%
S&P 500 −0.91% over same period
Volume / Avg Volume
2.9M / 2.2M
1.32× average
Latest earnings analysisFY2026 Q3Reported 2026-10-15
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.
Read the full analysis →Revenue$6.86BYoY +8.10%
EPS (non-GAAP)$2.03Beatest. $2.01
Next-day move+4.56%
Recent Earnings
Click to read the FinDog analysis| Period | Reported | Revenue | Analysis |
|---|---|---|---|
| FY2026 Q3 Quarter ended 2026-09 | 2026-10-15 | $6.9B | Read analysis → |
| FY2026 Q2 Quarter ended 2026-06 | 2026-07-21 | $7.4B | Read analysis → |
| FY2026 Q1 Quarter ended 2026-03 | 2026-04-16 | $7.6B | Pending |
| FY2025 Q4 Quarter ended 2025-12 | 2026-01-29 | $27.0B | Pending |
| FY2025 Q3 Quarter ended 2025-09 | 2025-10-16 | $6.4B | Pending |
| FY2025 Q2 Quarter ended 2025-06 | 2025-07-17 | $7.0B | Pending |
| FY2025 Q1 Quarter ended 2025-03 | 2025-04-17 | $7.1B | Pending |
Decision Panel
Trends · Valuation · Earnings reaction · Guidance credibility — all from company filings and market dataValuation
P/E is at percentile 33 of its 5-year rangeMid-range
5-year range 20.5 – 28.6 · Median 26.4
Last 4 quarters: $3.0B in buybacks + $1.8B in dividends, 5.01% of market cap combined
P/E (TTM)
23.6
P/B
6.5
P/S
3.4
Dividend Yield
1.88%
Earnings Reaction
Over the last 7 reports, the stock moved ±2.5% on average on the first trading day after, rising 4 times
Most recent +4.56%
Volatility & Correlation
1-year beta -0.76 · Correlation with S&P 500 -0.36Low beta
Annualized volatility 26% vs. 12% for the S&P 500
Insider Trading
View all →Last 90 days · Open-market buys and sells by officers and directors · Amounts in USD millions
Buy 0 · $0.00MSell 5 · $5.7MNet selling $5.7M
- 10-23Mills StacyVice President and ControllerSell$0.24M1,215 shares · Avg price 200.00
- 10-23Klisura Dean MichaelPresident & CEO, Marsh RESell$0.84M4,194 shares · Avg price 200.00
- 09-02Doyle John QPresident and CEOSell$3.1M16,656 shares · Avg price 188.51
- 09-02Brennan KatherineSVP and General CounselSell$0.22M1,197 shares · Avg price 187.90
- 08-06Jones John JudeChief Marketing OfficerSell$1.2M6,500 shares · Avg price 191.96
Multi-Quarter Financial Trends
View all quarters →Last 12 quarters · As reported by the company
| Quarter | Revenue ($B) | YoY | Gross Margin | Net Income ($B) | EPS |
|---|---|---|---|---|---|
| FY2026 Q3 | 6.86 | +8.1% | — | 0.81 | 1.69 |
| FY2026 Q2 | 7.40 | +6.2% | — | 1.27 | 2.63 |
| FY2026 Q1 | 7.60 | +7.6% | — | 1.15 | 2.36 |
| FY2025 Q4 | 6.60 | +8.7% | — | 0.82 | 1.68 |
| FY2025 Q3 | 6.35 | +11.5% | — | 0.75 | 1.51 |
| FY2025 Q2 | 6.97 | +12.1% | — | 1.21 | 2.45 |
| FY2025 Q1 | 7.06 | +9.1% | — | 1.38 | 2.79 |
| FY2024 Q4 | 6.07 | +9.2% | — | 0.79 | 1.58 |
| FY2024 Q3 | 5.70 | +5.9% | — | 0.75 | 1.51 |
| FY2024 Q2 | 6.22 | +5.9% | — | 1.13 | 2.27 |
| FY2024 Q1 | 6.47 | +9.3% | — | 1.40 | 2.82 |
| FY2023 Q4 | 5.55 | +10.6% | — | 0.76 | 1.52 |