Marsh & McLennan Companies, Inc. (MRSH) Earnings History
Growth Compounder37 years of earnings data (1989–2025) · Consistent double-digit EPS growth over 5 years
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Marsh & McLennan Companies, Inc. (MRSH) Earnings Overview
As of November 8, 2026, Marsh & McLennan Companies, Inc. (MRSH) reported trailing twelve-month net income of $4.04B, reflecting +3.1% year-over-year growth. The company earned $8.44 per diluted share over the past four quarters, with a net profit margin of 15.4%.
Looking at the long-term picture, MRSH's 5-year EPS compound annual growth rate (CAGR) stands at +16.4%, indicating exceptional earnings growth. The company achieved its highest annual net income of $4.16B in fiscal 2025, representing a new all-time high.
Marsh & McLennan Companies, Inc. maintains industry-leading profitability with a gross margin of 42.3%, operating margin of 23.1%, and net margin of 15.4%. This margin structure demonstrates strong pricing power and operational efficiency. View revenue history →
Compared to peers including AON ($3.93B net income, 21.5% margin), WTW ($1.56B net income, 16.5% margin), AJG ($1.70B net income, 10.7% margin), MRSH has room to improve margins relative to the peer group. Compare MRSH vs AON →
MRSH Earnings vs Peers
Earnings metrics vs comparable public companies
MRSH Historical Earnings Data (1989–2025)
37 years| Fiscal Year | Net Income | YoY % | Operating Income | EPS (Diluted) | Net Margin | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $4.16B | +2.5% | $6.22B | $8.43 | 15.4% | 23.1% |
| 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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MRSH — Frequently Asked Questions
Quick answers to the most common questions about buying MRSH stock.
What is MRSH earnings per share (EPS)?
MRSH trailing twelve-month (TTM) diluted EPS is $8.44, reflecting +3.1% year-over-year growth. The 5-year EPS CAGR is +16.4%. Complete EPS history from 1989 to 2025 is available in the table on this page.
What is Marsh & McLennan Companies, Inc.'s net income?
Marsh & McLennan Companies, Inc. (MRSH) trailing twelve-month net income is $4.0B as of 2025. Earnings grew +3.1% year-over-year. Marsh & McLennan Companies, Inc. has been profitable for 17 consecutive years.
Is MRSH profitable?
Yes, MRSH is profitable with a TTM net income of $4.0B and a net profit margin of +15.4%. Marsh & McLennan Companies, Inc. has generated profits for 17 consecutive years.
What is MRSH's earnings growth rate?
MRSH compound annual EPS growth rates (CAGR): 1-Year: +3.1%, 3-Year: +11.8%, 5-Year: +16.4%, 10-Year: +11.0%. These figures measure the annualised rate of diluted EPS growth over each period, based on data from 1989 to 2025.
What are MRSH's profit margins?
Marsh & McLennan Companies, Inc. net profit margin is +15.4%, operating margin is +23.1%, and gross margin is +42.3%. Above-average net margins reflect strong pricing power and competitive moat. Return on Equity is +28.8%.
Is MRSH growing earnings?
MRSH earnings growth is slowing. Current YoY EPS growth of +3.1% trails the 5-year CAGR of +16.4%. TTM net income is $4.0B.
What was MRSH's best earnings year?
Marsh & McLennan Companies, Inc.'s highest annual net income on record is $4.2B, achieved in fiscal year 2025. Earnings history on this page spans 1989 to 2025 and includes all annual and quarterly figures.
What were MRSH's earnings last quarter?
MRSH's most recent reported quarter was Q3 2026. Net income was $808M with diluted EPS of $1.69. For a full breakdown of all quarters, see the quarterly earnings table on this page.