| Metric | Value ($ M) | Q2 FY26 | Q3 FY25 |
|---|---|---|---|
| Revenue | 6.9K | 7.3% | 8.1% |
| Total Income | 6.9K | 7.3% | 8.1% |
| Expenditure | 5.6K | 2.6% | 9.0% |
| PBT | 1.0K | 39.3% | 2.3% |
| Net Profit | 808.00 | 36.2% | 8.2% |
| OPM | 17.70% | 7.94pp | 0.72pp |
| NPM | 11.77% | 5.33pp | 0.01pp |
| EPS | 1.70 | 35.6% | 11.8% |
Marsh Reports Q3 2026 Results: Revenue Up 8%, Adjusted EPS Increases 10%
15 Oct 2026 · 15 Oct, 5:41 pm
Summary
Marsh & McLennan Companies, Inc. reported strong third quarter 2026 results, with consolidated revenue increasing by 8% to $6.9 billion, driven by 5% underlying revenue growth. Adjusted Operating Income saw a 6% increase to $1.5 billion, and Adjusted Earnings Per Share grew by 10% to $2.03. President and CEO John Doyle highlighted the company's strong market position, client value, and colleague commitment as key drivers for the quarter's performance, also noting significant progress in executing their Thrive program and completing their brand transition.
Key Highlights
- 1
Marsh reported third quarter 2026 results with revenue growth of 8% and underlying revenue growth of 5%.
- 2
GAAP Operating Income increased by 4% to $1.2 billion, while Adjusted Operating Income rose 6% to $1.5 billion.
- 3
Third quarter GAAP Earnings Per Share (EPS) was $1.69, and Adjusted EPS increased 10% to $2.03.
- 4
For the nine months ended September 30, 2026, consolidated revenue was $21.9 billion, a 7% increase on a GAAP basis or 5% on an underlying basis.
- 5
Consulting revenue saw a significant increase of 9% in the third quarter, reaching $2.7 billion, with underlying revenue growth of 8%.
- 6
The company repurchased approximately 2.7 million shares of stock for $500 million in the third quarter of 2026.
Management Comments
John Doyle
Marsh delivered a strong third quarter, generating 5% underlying revenue growth and double-digit EPS growth. We also made significant progress in executing our Thrive program and successfully completed our brand transition. These results reflect the strength of our market position, the value we deliver to clients, and the commitment of our colleagues around the world.
Informational and educational content only. Not investment advice.