Financials in USD. Standardized financial statements.
A compact view of how Marsh & McLennan Companies, Inc. turns revenue into operating income and net income.
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue? | $26.98B | $24.46B | $22.74B | $20.72B | $19.82B | $17.22B | $16.65B | $14.95B | $14.02B | $13.21B |
| Revenue Growth? | +10.3% | +7.6% | +9.7% | +4.5% | +15.1% | +3.4% | +11.4% | +6.6% | +6.2% | 0.0% |
| Cost of Revenue? | $0 | $14.00B | $13.10B | $12.07B | $11.43B | $10.13B | $9.73B | $8.61B | $8.09B | $7.69B |
| Gross Profit? | $0 | $10.46B | $9.64B | $8.65B | $8.39B | $7.09B | $6.92B | $6.34B | $5.94B | $5.52B |
| Gross Margin? | 0.0% | +42.8% | +42.4% | +41.7% | +42.4% | +41.2% | +41.5% | +42.4% | +42.3% | +41.8% |
| Operating Expenses? | $20.76B | $4.64B | $4.36B | $4.37B | $4.08B | $4.03B | $4.24B | $3.58B | $3.28B | $3.09B |
| Operating Income? | $6.22B | $5.82B | $5.28B | $4.28B | $4.31B | $3.07B | $2.68B | $2.76B | $2.65B | $2.43B |
| EBITDA? | $910.00M | $6.93B | $6.32B | $5.27B | $5.40B | $4.05B | $3.61B | $3.03B | $3.36B | $3.11B |
| Income Before Tax | $5.54B | $5.48B | $5.03B | $4.08B | $4.21B | $2.79B | $2.44B | $2.24B | $2.64B | $2.48B |
| Income Tax Expense | $1.30B | $1.36B | $1.22B | $995.00M | $1.03B | $747.00M | $666.00M | $574.00M | $1.13B | $685.00M |
| Net Income? | $4.16B | $4.06B | $3.76B | $3.05B | $3.14B | $2.02B | $1.74B | $1.65B | $1.49B | $1.77B |
| EPS? | $8.48 | $8.25 | $7.60 | $6.11 | $6.20 | $3.98 | $3.44 | $3.26 | $2.91 | $3.41 |
| Diluted EPS? | $8.43 | $8.18 | $7.53 | $6.04 | $6.13 | $3.94 | $3.41 | $3.23 | $2.87 | $3.37 |
Revenue, profitability, margins, EPS, and share-count trends over time.
Top-line demand and scale over time
Profit left after direct production costs
Core business profitability before financing and tax
Bottom-line profit after all expenses
Profit allocated to each diluted share
Share count trend that affects EPS quality
Gross, operating, and net margin quality