Company profile · free preview
Marsh & McLennan Companies, Inc.
MRSH · NYSE · Financial Services · Updated 10/26/2026
Revenue
$27.0B
Fiscal 2025
Net income
$4.2B
Fiscal 2025
Free cash flow
$5.0B
Fiscal 2025
Net cash / (debt)
—
Fiscal 2025
Five-year financials
| Fiscal year | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Revenue | $27.0B | $24.5B | — | — | — |
| Net income | $4.2B | $4.1B | $3.8B | $3.0B | $3.1B |
| Diluted EPS | — | — | — | — | — |
| Operating cash flow | $5.3B | $4.3B | $4.3B | $3.5B | (408.0M) |
| Free cash flow | $5.0B | $4.0B | $3.8B | $3.0B | (814.0M) |
| Cash | $2.7B | $2.4B | $3.4B | $1.4B | $1.8B |
| Total debt | — | — | — | — | — |
Where the cash went
Cumulative, fiscal 2021–2025, straight from the reported cash-flow statements.
Reinvested in capex
11.2%
of operating cash flow
Returned to owners
—
of free cash flow (buybacks + dividends)
Diluted share count
—
change 2021–2025
Capital expenditure $1.9BBar width = share of $16.9B operating cash flow
| Operating cash flow | $16.9B |
| Capital expenditure | ($1.9B) |
| Free cash flow | $15.0B |
| Share buybacks | — |
| Dividends paid | — |
| Acquisitions (net) | — |
| Net debt issued / (repaid) | — |
| Stock-based compensation (non-cash) | — |
"—" means a year didn't report that line, so no total is shown rather than an estimate.
SEC filings
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