Marsh & McLennan Cos. (MMC) Financials
Income statement, balance sheet, and financial data
Annual Financials
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
| Income Statement | |||||
| Revenue | 7.6B | 7.8B | 8B | 8.7B | 8.4B |
| Cost of Revenue | 4.9B | 5B | 5.1B | 6B | 5.5B |
| Gross Profit | 2.7B | 2.8B | 2.8B | 2.7B | 2.9B |
| Operating Income | 1.2B | 1.4B | 1.3B | 1.3B | 1.4B |
| Net Income | 810M | 822M | 908M | 844M | 410M |
| EPS (Basic) | $3.87 | $3.77 | $4.03 | $3.65 | $1.63 |
| EPS (Diluted) | $3.86 | $3.76 | $4.02 | $3.63 | $1.62 |
| Balance Sheet | |||||
| Total Assets | 5.2B | 5B | 5.4B | 5.2B | 5.6B |
| Total Liabilities | 5.1B | 5.1B | 5.2B | 5.4B | 5.5B |
| Stockholders' Equity | -185M | -279M | -126M | -480M | -179M |
| Cash & Equivalents | 647M | 634M | 634M | 452M | 926M |
| Total Debt | 2.9B | 2.9B | 2.9B | 3.2B | 3B |
Quarterly Financials
| Metric | Q3 2025 | Q2 2025 | Q1 2025 | Q1 2025 | Q3 2024 | Q2 2024 | Q1 2024 | Q1 2024 |
|---|---|---|---|---|---|---|---|---|
| Income Statement | ||||||||
| Revenue | 5.8B | 3.9B | 1.8B | — | 6B | 4B | 1.9B | — |
| Cost of Revenue | 3.7B | 2.4B | 1.2B | — | 3.8B | 2.5B | 1.2B | — |
| Gross Profit | 2.1B | 1.4B | 644M | — | 2.2B | 1.5B | 685M | — |
| Operating Income | 1B | 698M | 286M | — | 1.1B | 715M | 318M | — |
| Net Income | 645M | 456M | 186M | — | 640M | 473M | 215M | — |
| EPS (Basic) | $3.07 | $2.16 | $0.87 | — | $2.92 | $2.15 | $0.97 | — |
| EPS (Diluted) | $3.06 | $2.15 | $0.87 | — | $2.91 | $2.14 | $0.97 | — |
| Balance Sheet | ||||||||
| Total Assets | 5.3B | 5.3B | 5.1B | 5B | 5.3B | 5.4B | 5.3B | 5.4B |
| Total Liabilities | 5.1B | 5.1B | 5.1B | 5.1B | 5.2B | 5.2B | 5.2B | 5.2B |
| Stockholders' Equity | -78M | -84M | -254M | -279M | -88M | -26M | -75M | -126M |
| Cash & Equivalents | 559M | 390M | 377M | 634M | 646M | 398M | 368M | 634M |
| Total Debt | — | — | — | — | — | — | — | — |