MMC - NYSE
Marsh & McLennan Companies, Inc.
$182.70
-1.6%Marsh & McLennan Companies, Inc., a professional services company, provides advice and solutions to clients in the areas of risk, strategy, and people worldwide. It operates in two segments, Risk and Insurance Services, and Consulting. The Risk and Insurance Services segment offers risk management services, such as risk advice, risk transfer, and risk control and mitigation solutions, as well as insurance and reinsurance broking, catastrophe and financial modeling, and related advisory services; and insurance program management services. This segment serves businesses, public entities, insurance companies, associations, professional services organizations, and private clients. The Consulting segment provides health, wealth, and career consulting services and products; and specialized management, as well as economic and brand consulting services. Marsh & McLennan Companies, Inc. was founded in 1871 and is headquartered in New York, New York.
At a Glance
Live SnapshotMarsh & McLennan Companies, Inc. Profit Bridge
Profitability Analysis
Gross Margin
Strong gross margins indicate healthy pricing and efficient production or service delivery.
Operating Margin
Healthy operating margins demonstrate effective cost control and strong business fundamentals.
Net Profit Margin
Strong net margins indicate efficient operations and favorable tax/interest management.
Effective Tax Rate
Moderate tax rate typical for most corporations. Represents standard tax burden on profits.
Profitability Insight
Exceptional profitability across all levels: Strong pricing power, efficient operations, and healthy bottom line indicate a high-quality business with sustainable competitive advantages.
Marsh & McLennan Companies, Inc. Income Statement
MMC • NYSE
| Marsh & McLennan Companies, Inc. Income Statement | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | Dec 2008 | Dec 2007 | Dec 2006 | Dec 2005 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
REVENUE | ||||||||||||||||||||
24.5B | 22.7B | 20.7B | 19.8B | 17.2B | 16.7B | 15B | 14B | 13.2B | 12.9B | 13B | 12.3B | 11.9B | 11.5B | 10.6B | 9.8B | 10.7B | 11.2B | 11.9B | 11.7B | |
GROSS PROFIT | ||||||||||||||||||||
(14B) | (13.1B) | (12.1B) | (11.4B) | (10.1B) | (9.7B) | (8.6B) | (8.1B) | (7.7B) | (7.3B) | (7.5B) | (7.2B) | (7.1B) | (7B) | (6.5B) | (0.0) | (0.0) | (0.0) | (7.1B) | (3.8B) | |
10.5B | 9.6B | 8.6B | 8.4B | 7.1B | 6.9B | 6.3B | 5.9B | 5.5B | 5.6B | 5.4B | 5B | 4.8B | 4.6B | 4.1B | 9.8B | 10.7B | 11.2B | 4.8B | 7.8B | |
OPERATING INCOME | ||||||||||||||||||||
(4.6B) | (4.4B) | (4.4B) | (4.1B) | (4B) | (4.2B) | (3.6B) | (3.3B) | (3.1B) | (3.1B) | (3.1B) | (3B) | (3B) | (2.9B) | (3.1B) | (9.1B) | (10.1B) | (10.3B) | (3.4B) | (7B) | |
(0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (9.7B) | (8.6B) | (8.1B) | (7.7B) | (7.3B) | (7.5B) | (7.2B) | (7.1B) | (7B) | (6.5B) | (6.2B) | (6.8B) | (10.3B) | (9.4B) | (9.5B) | |
5.8B | 5.3B | 4.3B | 4.3B | 3.1B | 2.7B | 2.8B | 2.7B | 2.4B | 2.4B | 2.3B | 2.1B | 1.8B | 1.6B | 939M | 778M | 679M | 846M | 948M | 590M | |
PRE-TAX INCOME | ||||||||||||||||||||
(700M) | (578M) | (469M) | (444M) | (515M) | (524M) | (290M) | (237M) | (189M) | (163M) | (165M) | (167M) | (181M) | (199M) | (233M) | (241M) | (220M) | (0.0) | (0.0) | (0.0) | |
-617M | -500M | -454M | -442M | -508M | -485M | -279M | -228M | -184M | -150M | -144M | -149M | -157M | -171M | -213M | -224M | -173M | 0.0 | 0.0 | 0.0 | |
(4.6B) | (4.4B) | (4.4B) | (4.1B) | (4B) | -5.5B | -5B | -4.8B | -4.6B | -4.2B | -4.4B | -4.3B | -4.2B | -4.1B | -3.3B | (2.9B) | (3.2B) | (0.0) | -7.1B | -3B | |
-337M | -256M | -198M | -104M | -273M | -238M | -517M | -12M | 49M | -112M | -244M | -104M | -133M | -234M | -170M | -226M | -185M | 1M | -239M | -288M | |
5.5B | 5B | 4.1B | 4.2B | 2.8B | 2.4B | 2.2B | 2.6B | 2.5B | 2.3B | 2.1B | 2B | 1.7B | 1.4B | 769M | 552M | 494M | 847M | 1.2B | 571M | |
NET INCOME | ||||||||||||||||||||
(1.4B) | (1.2B) | (995M) | (1B) | (747M) | (666M) | (574M) | (1.1B) | (685M) | (671M) | (586M) | (594M) | (492M) | (422M) | (204M) | (21M) | (113M) | (295M) | (388M) | (192M) | |
4.1B | 3.8B | 3.1B | 3.1B | 2B | 1.7B | 1.7B | 1.5B | 1.8B | 1.6B | 1.5B | 1.4B | 1.2B | 993M | 855M | 227M | -73M | 2.5B | 990M | 404M |
SEC Filings
MMC - Filing history and reports
| Filing Type | Filing Date | Period Ending | Fiscal Year | Actions |
|---|---|---|---|---|
8-K 8-K 2026 N/A | January 14, 2026 | January 14, 2026 | 2026 | |
10-Q 10-Q 2025 Q3 Q3 | October 16, 2025 | September 30, 2025 | 2025 | |
8-K 8-K 2025 N/A | October 16, 2025 | October 16, 2025 | 2025 | |
10-Q 10-Q 2025 Q2 Q2 | July 17, 2025 | June 30, 2025 | 2025 | |
8-K 8-K 2025 N/A | July 17, 2025 | July 17, 2025 | 2025 | |
8-K 8-K 2025 N/A | July 09, 2025 | July 09, 2025 | 2025 | |
8-K 8-K 2025 N/A | May 19, 2025 | May 19, 2025 | 2025 | |
10-Q 10-Q 2025 Q1 Q1 | April 17, 2025 | March 31, 2025 | 2025 | |
8-K 8-K 2025 N/A | April 17, 2025 | April 17, 2025 | 2025 | |
DEF 14A DEF 14A 2025 N/A | March 28, 2025 | May 15, 2025 | 2025 |
Related Guides
Continue your MMC research with focused valuation guides.
Research Paths
Snapshot
Start with context, operating signals, and key market metrics.
Value Model
Stress test fair value across bear, base, and bull assumptions.
Statements
Validate revenue quality, margins, and balance sheet durability.
Earnings Call
Read management commentary and compare it with reported outcomes.
Dividends
Check payout sustainability and long-term distribution behavior.
Analyst Expectations
Review consensus spread and where estimate risk is concentrated.