| Metric | Value ($ M) | Q2 FY25 | Q3 FY24 |
|---|---|---|---|
| Revenue | 6.4K | 8.9% | 11.5% |
| Total Income | 6.4K | 8.9% | 11.5% |
| Expenditure | 5.2K | 0.7% | 12.9% |
| PBT | 1.0K | 38.6% | 2.4% |
| Net Profit | 747.00 | 38.3% | 0.0% |
| OPM | 18.42% | 7.80pp | 1.03pp |
| NPM | 11.76% | 5.60pp | 1.35pp |
| EPS | 1.52 | 38.2% | 0.0% |
Marsh McLennan Reports Q3 2025 Results: Revenue Growth of 11%
04 May 2026 · 4 May, 9:01 am
Summary
Marsh & McLennan reported an 11% increase in consolidated revenue for the third quarter of 2025, reaching $6.4 billion. Underlying revenue growth was 4%. Operating income rose by 6% to $1.2 billion, while adjusted operating income increased by 13% to $1.4 billion. Adjusted earnings per share increased by 11% to $1.85. For the nine months ended September 30, 2025, consolidated revenue was $20.4 billion, an 11% increase on a GAAP basis.
Key Highlights
- 1
Marsh & McLennan reported consolidated revenue of $6.4 billion in the third quarter of 2025, an increase of 11% compared to the third quarter of 2024.
- 2
Underlying revenue growth was 4% for the third quarter of 2025.
- 3
GAAP operating income increased by 6% to $1.2 billion in the third quarter of 2025.
- 4
Adjusted operating income rose 13% to $1.4 billion in the third quarter of 2025.
- 5
Third quarter GAAP EPS was $1.51, while adjusted EPS increased 11% to $1.85.
- 6
For the nine months ended September 30, 2025, consolidated revenue was $20.4 billion, an increase of 11% on a GAAP basis.
- 7
Adjusted earnings per share increased 9% to $7.63 for the nine months ended September 30, 2025.
Management Comments
John Doyle
"Our third quarter results were solid and tracked with expectations. Overall, we generated 11% revenue growth, or 4% on an underlying basis, as well as 13% growth in adjusted operating income and 11% growth in adjusted EPS." "Earlier this week, we announced that the company and its businesses will brand as Marsh. We also announced the creation of Business and Client Services (BCS) to accelerate client impact and efficiency. I am excited for this next chapter as we deliver even greater capabilities, data and insights, and technology to clients in this complex environment."
Informational and educational content only. Not investment advice.