Marsh Quarterly Income Statement
NYSE: MRSHFinanceSpecialty InsurersUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
Marsh revenue and earnings
In the quarter ended Jun 30, 2026, Marsh generated $7.40 billion in revenue, up 6.2% from the same quarter a year earlier. Net income was $1.27 billion (+4.5% year over year), for a net margin of 17.1% versus a median of 15.1% in the prior 5 quarters. Operating margin was 25.6%.
Diluted earnings per share came in at $2.63, up from $2.45.
Summary generated from market data by MetaCap's automated system. Methodology
Marsh income statement (quarterly)
| Quarter (USD) | Q2 20262026-06-30 | Q1 20262026-03-31 | Q4 20252025-12-31 | Q3 20252025-09-30 | Q2 20252025-06-30 | Q1 20252025-03-31 | Q4 20242024-12-31 | Q3 20242024-09-30 | Q2 20242024-06-30 | Q1 20242024-03-31 | Q4 20232023-12-31 | Q3 20232023-09-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 7.40B | 7.60B | 6.59B | 6.35B | 6.97B | 7.06B | 6.07B | 5.70B | 6.22B | 6.47B | 5.55B | 5.38B |
| Revenue growth (YoY) | +6.17% | +7.59% | +8.70% | +11.48% | +12.10% | +9.08% | +9.24% | +5.85% | +5.87% | +9.27% | +10.59% | +12.83% |
| Operating Expenses | 5.50B | 5.84B | 5.38B | 5.18B | 5.14B | 5.06B | 4.92B | 4.59B | 4.58B | 4.55B | 4.45B | 4.39B |
| Operating Income | 1.90B | 1.75B | 1.22B | 1.17B | 1.83B | 2.00B | 1.14B | 1.11B | 1.64B | 1.93B | 1.10B | 996.00M |
| Interest Expense | 250.00M | 240.00M | 235.00M | 237.00M | 243.00M | 245.00M | 231.00M | 154.00M | 156.00M | 159.00M | 151.00M | 145.00M |
| Pretax Income | 1.70B | 1.58B | 1.06B | 1.01B | 1.65B | 1.83B | 1.01B | 1.03B | 1.56B | 1.87B | 1.05B | 930.00M |
| Income Tax | 411.00M | 395.00M | 222.00M | 253.00M | 415.00M | 415.00M | 208.00M | 283.00M | 425.00M | 447.00M | 283.00M | 192.00M |
| Net Income | 1.27B | 1.15B | 821.00M | 747.00M | 1.21B | 1.38B | 788.00M | 747.00M | 1.13B | 1.40B | 756.00M | 730.00M |
| Net Income growth (YoY) | +4.54% | -17.02% | +4.19% | 0.00% | +7.64% | -1.36% | +4.23% | +2.33% | +8.70% | +13.36% | +62.23% | +33.70% |
| EPS (Basic) | 2.64 | 2.37 | 1.69 | 1.52 | 2.46 | 2.81 | 1.62 | 1.52 | 2.28 | 2.84 | 1.53 | 1.48 |
| EPS (Diluted) | 2.63 | 2.36 | 1.68 | 1.51 | 2.45 | 2.79 | 1.58 | 1.51 | 2.27 | 2.82 | 1.52 | 1.47 |
| Shares Outstanding (Basic) | 480.00M | 484.00M | — | 491.00M | 492.00M | 492.00M | — | 492.00M | 492.00M | 492.00M | — | 494.00M |
| Shares Outstanding (Diluted) | 482.00M | 486.00M | — | 494.00M | 495.00M | 495.00M | — | 496.00M | 496.00M | 497.00M | — | 499.00M |
| EBITDA | 1.99B | 1.84B | 1.31B | 1.26B | 1.92B | 2.09B | 1.24B | 1.20B | 1.73B | 2.02B | 1.20B | 1.09B |
| Operating Margin | 25.65% | 23.09% | 18.48% | 18.42% | 26.23% | 28.40% | 18.82% | 19.45% | 26.39% | 29.74% | 19.86% | 18.51% |
| Net Margin | 17.10% | 15.08% | 12.45% | 11.76% | 17.36% | 19.56% | 12.99% | 13.11% | 18.08% | 21.63% | 13.61% | 13.56% |
This table shows 12 quarterly periods of Marsh's income statement, from Q2 2026 back to Q3 2023, across 14 line items including revenue, operating expenses, operating income. Values in USD; B = billions, M = millions. Fiscal periods follow MRSH's reporting calendar. What is a income statement?