MARSH & MCLENNAN COMPANIES, INC.
Company Stats
- Market Cap
- $81.5B
- as of Sep 30, 2026
- Shares Outstanding
- 475.5M
- Free Float
- 99.6%
Income Statement
- Revenue
- $27.0B
- Operating Income
- $6.2B
- Net Income
- $4.2B
- EBITDA
- $6.6B
- Revenue Growth, 3Y
- 9.2%
- FCF Margin, 3Y Avg
- 17.2%
- FCF Margin, Worst Year
- 16.3%
Cash Flow
- Free Cash Flow
- $5.0B
- FCF Yield
- 6.1%
- Owner FCF Yield
- 5.7%
Balance Sheet
- Cash & Equivalents
- $2.7B
Returns & Capital
- Dividends Paid
- $1.7B
- Dividend Yield
- 2.1%
- Dividend Payout, 3Y Avg
- 37.6%
- Share Repurchases
- $2.0B
- Buyback Yield, 3Y Avg
- 1.7%
- SBC, 3Y Avg
- $375.0M
Cash Flow by Year
| Year | Revenue | FCF | Margin |
|---|---|---|---|
| FY2025 | $27.0B | $5.0B | 18.5% |
| FY2024 | $24.5B | $4.0B | 16.3% |
| FY2023 | $22.7B | $3.8B | 16.9% |
| FY2022 | $20.7B | $3.0B | 14.5% |
| FY2021 | $19.8B | $3.1B | 15.7% |
Annual filing data through FY ended December 31, 2025; shares and float as of November 7, 2026. Yields and enterprise value use the calculated market cap above, at its as-of date. Ratios are our calculations from reported figures.
Stronger demand supports expansion as pricing diverges
Financial Services Earnings: Demand Strong, Costs Bite Back