Marsh (MRSH) Financial Statements
Historical financial data — 20 statements covering FY2021–FY2025
Marsh is a professional services firm that provides advice and solutions in the areas of risk, strategy, and human capital. The company operates through two main segments: risk and insurance servic...
Marsh's revenue increased 10.3% year over year, from $24.46B to $26.98B.
Net income increased 2.5% over the same period, from $4.06B to $4.16B.
Over the 4-year period from FY2021 to FY2025, revenue grew by 36% in total.
Total debt remained relatively stable at $19.59B.
The debt-to-equity ratio stands at 1.28, indicating a elevated leverage profile.
Operating cash flow grew 23.0% to $5.29B.
Marsh maintains a healthy net profit margin of 15.4%.
Recent Financial Statements
Quarterly figures are standalone quarters, de-cumulated from YTD filings (Q4 = FY − Q3 YTD when not reported).
| Period | Revenue | Net Income | Gross Profit | EBIT | Op. Cash Flow | Total Assets | Total Debt | Equity |
|---|---|---|---|---|---|---|---|---|
| Q3 FY2024 | $5.70B-8.4% | $747.0M | $2.32B | $1.18B | $1.91B | $49.86B | $14.78B | $13.88B |
| Q4 FY2024 | $6.07B+6.5% | $788.0M | $2.67B | $938.0M | $1.96B | $56.48B | $19.95B | $13.54B |
| Q1 FY2025 | $7.06B+16.4% | $1.38B | $3.25B | $2.00B | $-622.0M | $57.02B | $20.53B | $14.27B |
| Q2 FY2025 | $6.97B-1.2% | $1.21B | $3.13B | $1.83B | $1.67B | $58.55B | $19.73B | $15.98B |
| Q3 FY2025 | $6.35B-8.9% | $747.0M | $2.51B | $1.17B | $2.08B | $58.78B | $19.58B | $15.36B |
| Q4 FY2025 | $6.59B+3.8% | $821.0M | $2.88B | $1.22B | $2.16B | $58.71B | $19.59B | $15.31B |
| Q1 FY2026 | $7.60B+15.2% | $1.15B | $3.55B | $1.75B | $-688.0M | $58.55B | $22.45B | $14.81B |
| Q2 FY2026 | $7.40B-2.5% | $1.27B | $3.31B | $1.90B | $1.52B | $59.68B | $22.38B | $15.43B |
Balance Sheet Summary (Q2 FY2026)
Marsh (MRSH) Financial Statements & Revenue History
Marsh (MRSH) is a US-listed stock operating in the Financial Services sector, specifically the Insurance Agents, Brokers & Service industry trading at $188.35 with a market capitalization of $90. This page provides 20 historical financial statements for Marsh, including income statement, balance sheet, and cash flow data across multiple reporting periods. Most recently, Marsh reported revenue of $27.0 billion, representing 10.3% year-over-year growth. The net profit margin of 15.4% reflects strong profitability. The debt-to-equity ratio of 1.28 indicates elevated leverage.
MRSH Income Statement, Balance Sheet & Cash Flow
The financial statements table above shows Marsh's revenue, net income, gross profit, EBIT, operating cash flow, total assets, total debt, and shareholders' equity across the most recent reporting periods. Year-over-year growth rates help identify whether MRSH is accelerating or decelerating in terms of top-line revenue and bottom-line profitability.
- Revenue trend: Track MRSH's top-line growth across quarters and fiscal years to identify acceleration or deceleration in the business.
- Profitability: Net income and gross profit margins reveal how efficiently Marsh converts revenue into earnings.
- Balance sheet health: Total assets, liabilities, debt, and equity provide a snapshot of MRSH's financial position and leverage.
- Cash flow: Operating cash flow shows how much cash the business generates from its core operations, which is critical for funding dividends, buybacks, and growth.
How to Use MRSH Financial Data
Investors use Marsh's financial statements to assess the company's financial health, growth trajectory, and valuation. Key metrics to focus on include:
- Revenue growth rate: Consistent double-digit revenue growth suggests a strong business; declining revenue may signal competitive pressure.
- Net profit margin: Higher margins indicate a more efficient business with pricing power. Compare MRSH's margins to sector peers for context.
- Debt levels: High debt-to-equity ratios increase financial risk, especially in rising-rate environments. Low debt provides flexibility.
- Valuation multiples: See how MRSH's P/E, P/S, and EV/EBITDA ratios compare to historical levels.
- Full analysis: View MRSH's financial health score, earnings, and pre-market pricing.
Financial data is sourced from Marsh's SEC filings (10-K, 10-Q) via Polygon.io and Finnhub.MRSH trades on NYSE. This page is for informational purposes only and is not financial advice.