Marsh & McLennan Companies, Inc. (MMC) Earnings History
Elite Compounder36 years of earnings data (1989–2024) · 5-year EPS CAGR exceeds 18% — top-tier earnings quality
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Marsh & McLennan Companies, Inc. (MMC) Earnings Overview
As of June 23, 2026, Marsh & McLennan Companies, Inc. (MMC) reported trailing twelve-month net income of $4.13B, reflecting +8.6% year-over-year growth. The company earned $8.35 per diluted share over the past four quarters, with a net profit margin of 16.6%.
Looking at the long-term picture, MMC's 5-year EPS compound annual growth rate (CAGR) stands at +19.1%, indicating exceptional earnings growth. The company achieved its highest annual net income of $4.06B in fiscal 2024, representing a new all-time high.
Marsh & McLennan Companies, Inc. maintains industry-leading profitability with a gross margin of 42.8%, operating margin of 23.8%, and net margin of 16.6%. This margin structure demonstrates strong pricing power and operational efficiency. View revenue history →
Compared to peers including AON ($3.94B net income, 21.5% margin), WTW ($1.67B net income, 16.5% margin), AJG ($1.49B net income, 10.7% margin), MMC has room to improve margins relative to the peer group. Compare MMC vs AON →
MMC Earnings vs Peers
Earnings metrics vs comparable public companies
MMC Historical Earnings Data (1989–2024)
36 years| Fiscal Year | Net Income | YoY % | Operating Income | EPS (Diluted) | Net Margin | Op. Margin |
|---|---|---|---|---|---|---|
| 2024 | $4.06B | +8.1% | $5.82B | $8.18 | 16.6% | 23.8% |
| 2023 | $3.76B | +23.1% | $5.28B | $7.53 | 16.5% | 23.2% |
| 2022 | $3.05B | -3.0% | $4.28B | $6.04 | 14.7% | 20.7% |
| 2021 | $3.14B | +55.9% | $4.31B | $6.13 | 15.9% | 21.8% |
| 2020 | $2.02B | +15.7% | $3.07B | $3.94 | 11.7% | 17.8% |
| 2019 | $1.74B | +5.6% | $2.68B | $3.41 | 10.5% | 16.1% |
| 2018 | $1.65B | +10.6% | $2.76B | $3.23 | 11.0% | 18.5% |
| 2017 | $1.49B | -15.6% | $2.65B | $2.87 | 10.6% | 18.9% |
| 2016 | $1.77B | +10.6% | $2.43B | $3.37 | 13.4% | 18.4% |
| 2015 | $1.60B | +9.1% | $2.42B | $2.98 | 12.4% | 18.8% |
| 2014 | $1.47B | +8.0% | $2.30B | $2.65 | 11.3% | 17.8% |
| 2013 | $1.36B | +15.4% | $2.08B | $2.43 | 11.1% | 16.9% |
| 2012 | $1.18B | +18.4% | $1.83B | $2.13 | 9.9% | 15.3% |
| 2011 | $993M | +16.1% | $1.64B | $1.80 | 8.6% | 14.2% |
| 2010 | $855M | +276.7% | $939M | $1.57 | 8.1% | 8.9% |
| 2009 | $227M | +411.0% | $778M | $0.46 | 2.3% | 7.9% |
| 2008 | -$73M | -102.9% | $679M | $-0.14 | -0.7% | 6.3% |
| 2007 | $2.48B | +150.0% | $846M | $4.53 | 22.1% | 7.6% |
| 2006 | $990M | +145.0% | $948M | $1.78 | 8.3% | 8.0% |
| 2005 | $404M | +7.4% | $590M | $0.74 | 3.5% | 5.1% |
| 2004 | $376M | -75.6% | $600M | $0.33 | 3.2% | 5.1% |
| 2003 | $1.54B | +12.8% | $2.50B | $2.81 | 13.3% | 21.5% |
| 2002 | $1.36B | +40.1% | $2.27B | $2.45 | 13.1% | 21.8% |
| 2001 | $974M | -17.5% | $1.76B | $1.70 | 9.9% | 17.9% |
| 2000 | $1.18B | +62.7% | $2.18B | $2.08 | 11.5% | 21.1% |
| 1999 | $726M | -8.8% | $1.47B | $1.33 | 7.9% | 16.0% |
| 1998 | $796M | +83.4% | $1.42B | $1.51 | 11.1% | 19.7% |
| 1997 | $434M | -5.4% | $798M | $0.80 | 7.2% | 13.3% |
| 1996 | $459M | +13.9% | $715M | $1.04 | 10.4% | 16.2% |
| 1995 | $403M | +8.5% | $695M | $0.91 | 10.2% | 17.6% |
| 1994 | $372M | +11.8% | $670M | $0.84 | 10.8% | 19.5% |
| 1993 | $332M | +26.1% | $593M | $0.75 | 10.5% | 18.7% |
| 1992 | $264M | -13.7% | $541M | $0.61 | 9.0% | 18.4% |
| 1991 | $306M | +0.5% | $498M | $0.70 | 11.0% | 17.9% |
| 1990 | $304M | +3.1% | $527M | $0.69 | 11.2% | 19.4% |
| 1989 | $295M | - | $510M | $0.68 | 12.1% | 21.0% |
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MMC — Frequently Asked Questions
Quick answers to the most common questions about buying MMC stock.
What is MMC earnings per share (EPS)?
MMC trailing twelve-month (TTM) diluted EPS is $8.35, reflecting +8.6% year-over-year growth. The 5-year EPS CAGR is +19.1%. Complete EPS history from 1989 to 2024 is available in the table on this page.
What is Marsh & McLennan Companies, Inc.'s net income?
Marsh & McLennan Companies, Inc. (MMC) trailing twelve-month net income is $4.1B as of 2024. Earnings grew +8.6% year-over-year. Marsh & McLennan Companies, Inc. has been profitable for 16 consecutive years.
Is MMC profitable?
Yes, MMC is profitable with a TTM net income of $4.1B and a net profit margin of +16.6%. Marsh & McLennan Companies, Inc. has generated profits for 16 consecutive years.
What is MMC's earnings growth rate?
MMC compound annual EPS growth rates (CAGR): 1-Year: +8.6%, 3-Year: +10.1%, 5-Year: +19.1%, 10-Year: +11.9%. These figures measure the annualised rate of diluted EPS growth over each period, based on data from 1989 to 2024.
What are MMC's profit margins?
Marsh & McLennan Companies, Inc. net profit margin is +16.6%, operating margin is +23.8%, and gross margin is +42.8%. Above-average net margins reflect strong pricing power and competitive moat. Return on Equity is +31.3%.
Is MMC growing earnings?
MMC is growing earnings steadily. YoY EPS growth of +8.6% is consistent with the 5-year CAGR of +19.1%. TTM net income is $4.1B.
What was MMC's best earnings year?
Marsh & McLennan Companies, Inc.'s highest annual net income on record is $4.1B, achieved in fiscal year 2024. Earnings history on this page spans 1989 to 2024 and includes all annual and quarterly figures.
What were MMC's earnings last quarter?
MMC's most recent reported quarter was Q3 2025. Net income was $747M with diluted EPS of $1.51. For a full breakdown of all quarters, see the quarterly earnings table on this page.