Income Statement - MARSH & MCLENNAN COMPANIES, INC. (MRSH)
$(Billion, Million)| Dec-25 | Dec-24 | Dec-23 | Dec-22 | Dec-21 | Dec-20 | Dec-19 | Dec-18 | Dec-17 | Dec-16 | Dec-15 | Dec-14 | Dec-13 | Dec-12 | Dec-11 | Dec-10 | Dec-09 | Dec-08 | Dec-07 | Dec-06 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total revenue | 26,981.00 | 24,458.00 | 22,736.00 | 20,720.00 | 19,820.00 | 17,224.00 | 16,652.00 | 14,950.00 | 14,024.00 | 13,211.00 | 12,893.00 | 12,951.00 | 12,261.00 | 11,924.00 | 11,526.00 | 10,550.00 | 9,831.00 | 10,730.00 | 11,177.00 | 11,921.00 |
| Cost of revenue | 15,577.00 | 13,996.00 | 13,099.00 | 12,071.00 | 11,425.00 | 10,129.00 | 9,734.00 | 8,605.00 | 8,085.00 | 7,694.00 | 7,334.00 | 7,515.00 | 7,226.00 | 7,134.00 | 6,969.00 | 6,465.00 | 7,113.00 | |||
| Gross profit | 11,404.00 | 10,462.00 | 9,637.00 | 8,649.00 | 8,395.00 | 7,095.00 | 6,918.00 | 6,345.00 | 5,939.00 | 5,517.00 | 5,559.00 | 5,436.00 | 5,035.00 | 4,790.00 | 4,557.00 | 4,085.00 | 9,831.00 | 10,730.00 | 11,177.00 | 4,808.00 |
| Total operating expenses | 5,181.00 | 4,645.00 | 4,355.00 | 4,369.00 | 4,083.00 | 4,029.00 | 4,241.00 | 3,584.00 | 3,284.00 | 3,086.00 | 3,140.00 | 3,135.00 | 2,958.00 | 2,961.00 | 2,919.00 | 3,146.00 | 9,053.00 | 10,051.00 | 10,331.00 | 3,350.00 |
| Operating income | 6,223.00 | 5,817.00 | 5,282.00 | 4,280.00 | 4,312.00 | 3,066.00 | 2,677.00 | 2,761.00 | 2,655.00 | 2,431.00 | 2,419.00 | 2,301.00 | 2,077.00 | 1,829.00 | 1,638.00 | 939.00 | 778.00 | 679.00 | 846.00 | 948.00 |
| Non-operating income (net) | -684.00 | -337.00 | -256.00 | -198.00 | -104.00 | -273.00 | -238.00 | -517.00 | -12.00 | 49.00 | -112.00 | -244.00 | -104.00 | -133.00 | -234.00 | -170.00 | -226.00 | -185.00 | 1.00 | 271.00 |
| Income before tax | 5,539.00 | 5,480.00 | 5,026.00 | 4,082.00 | 4,208.00 | 2,793.00 | 2,439.00 | 2,244.00 | 2,643.00 | 2,480.00 | 2,307.00 | 2,057.00 | 1,973.00 | 1,696.00 | 1,404.00 | 769.00 | 552.00 | 494.00 | 847.00 | 1,219.00 |
| Income tax expense | 1,305.00 | 1,363.00 | 1,224.00 | 995.00 | 1,034.00 | 747.00 | 666.00 | 574.00 | 1,133.00 | 685.00 | 671.00 | 586.00 | 594.00 | 492.00 | 422.00 | 204.00 | 21.00 | 113.00 | 295.00 | 388.00 |
| Net income | 4,160.00 | 4,060.00 | 3,756.00 | 3,050.00 | 3,143.00 | 2,016.00 | 1,742.00 | 1,650.00 | 1,492.00 | 1,768.00 | 1,599.00 | 1,465.00 | 1,357.00 | 1,176.00 | 993.00 | 855.00 | 227.00 | -73.00 | 2,475.00 | 990.00 |
Show Quarterly Income Statement
Income Statement - MARSH & MCLENNAN COMPANIES, INC. (MRSH)
$(Billion, Million)| Mar-26 | Dec-25 | Sep-25 | Jun-25 | Mar-25 | Dec-24 | Sep-24 | Jun-24 | Mar-24 | Dec-23 | Sep-23 | Jun-23 | Mar-23 | Dec-22 | Sep-22 | Jun-22 | Mar-22 | Dec-21 | Sep-21 | Jun-21 | Mar-21 | Dec-20 | Sep-20 | Jun-20 | Mar-20 | Dec-19 | Sep-19 | Jun-19 | Mar-19 | Dec-18 | Sep-18 | Jun-18 | Mar-18 | Dec-17 | Sep-17 | Jun-17 | Mar-17 | Dec-16 | Sep-16 | Jun-16 | Mar-16 | Dec-15 | Sep-15 | Jun-15 | Mar-15 | Dec-14 | Sep-14 | Jun-14 | Mar-14 | Dec-13 | Sep-13 | Jun-13 | Mar-13 | Dec-12 | Sep-12 | Jun-12 | Mar-12 | Dec-11 | Sep-11 | Jun-11 | Mar-11 | Dec-10 | Sep-10 | Jun-10 | Mar-10 | Dec-09 | Sep-09 | Jun-09 | Mar-09 | Dec-08 | Sep-08 | Jun-08 | Mar-08 | Dec-07 | Sep-07 | Jun-07 | Mar-07 | Dec-06 | Sep-06 | Jun-06 | Mar-06 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total revenue | 7,597.00 | 6,595.00 | 6,351.00 | 6,974.00 | 7,061.00 | 6,067.00 | 5,697.00 | 6,221.00 | 6,473.00 | 5,554.00 | 5,382.00 | 5,876.00 | 5,924.00 | 5,022.00 | 4,770.00 | 5,379.00 | 5,549.00 | 5,137.00 | 4,583.00 | 5,017.00 | 5,083.00 | 4,416.00 | 3,968.00 | 4,189.00 | 4,651.00 | 4,264.00 | 3,968.00 | 4,349.00 | 4,071.00 | 3,712.00 | 3,504.00 | 3,734.00 | 4,000.00 | 3,685.00 | 3,341.00 | 3,495.00 | 3,503.00 | 3,364.00 | 3,135.00 | 3,376.00 | 3,336.00 | 3,338.00 | 3,115.00 | 3,225.00 | 3,215.00 | 3,246.00 | 3,141.00 | 3,300.00 | 3,264.00 | 3,115.00 | 2,932.00 | 3,088.00 | 3,126.00 | 3,002.00 | 2,845.00 | 3,026.00 | 3,051.00 | 2,908.00 | 2,806.00 | 2,928.00 | 2,884.00 | 2,785.00 | 2,524.00 | 2,606.00 | 2,635.00 | 2,732.00 | 2,354.00 | 2,470.00 | 2,609.00 | 2,662.00 | 2,838.00 | 3,033.00 | 3,039.00 | 2,925.00 | 2,716.00 | 2,819.00 | 2,812.00 | 3,032.00 | 2,884.00 | 2,980.00 | 2,674.00 |
| Cost of revenue | 4,130.00 | 3,938.00 | 3,894.00 | 3,895.00 | 3,850.00 | 3,630.00 | 3,442.00 | 3,454.00 | 3,470.00 | 3,268.00 | 3,287.00 | 3,337.00 | 3,207.00 | 3,038.00 | 2,923.00 | 3,010.00 | 3,100.00 | 2,905.00 | 2,853.00 | 2,860.00 | 2,807.00 | 2,650.00 | 2,495.00 | 2,429.00 | 2,555.00 | 2,478.00 | 2,437.00 | 2,537.00 | 2,282.00 | 2,163.00 | 2,083.00 | 2,135.00 | 2,224.00 | 2,098.00 | 1,968.00 | 1,998.00 | 2,005.00 | 1,918.00 | 1,817.00 | 1,872.00 | 1,854.00 | 1,900.00 | 1,878.00 | 1,826.00 | 1,730.00 | 1,896.00 | 1,904.00 | 1,876.00 | 1,839.00 | 1,833.00 | 1,824.00 | 1,766.00 | 1,803.00 | 7,134.00 | 1,760.00 | 1,776.00 | 1,796.00 | 1,528.00 | 1,571.00 | 1,820.00 | 1,742.00 | 1,802.00 | |||||||||||||||||||
| Gross profit | 3,467.00 | 2,657.00 | 2,457.00 | 3,079.00 | 3,211.00 | 2,437.00 | 2,255.00 | 2,767.00 | 3,003.00 | 2,286.00 | 2,095.00 | 2,539.00 | 2,717.00 | 1,984.00 | 1,847.00 | 2,369.00 | 2,449.00 | 2,232.00 | 1,730.00 | 2,157.00 | 2,276.00 | 1,766.00 | 1,473.00 | 1,760.00 | 2,096.00 | 1,786.00 | 1,531.00 | 1,812.00 | 1,789.00 | 1,549.00 | 1,421.00 | 1,599.00 | 1,776.00 | 1,587.00 | 1,373.00 | 1,497.00 | 1,498.00 | 1,446.00 | 1,318.00 | 1,504.00 | 1,482.00 | 1,438.00 | 1,237.00 | 1,399.00 | 1,485.00 | 1,350.00 | 1,237.00 | 1,424.00 | 1,425.00 | 1,282.00 | 1,108.00 | 1,322.00 | 1,323.00 | -4,132.00 | 1,085.00 | 1,250.00 | 1,255.00 | 2,908.00 | 2,806.00 | 2,928.00 | 2,884.00 | 2,785.00 | 2,524.00 | 2,606.00 | 2,635.00 | 2,732.00 | 2,354.00 | 942.00 | 1,038.00 | 2,662.00 | 2,838.00 | 3,033.00 | 3,039.00 | 2,925.00 | 2,716.00 | 2,819.00 | 2,812.00 | 1,212.00 | 1,142.00 | 1,178.00 | 2,674.00 |
| Total operating expenses | 1,713.00 | 1,438.00 | 1,287.00 | 1,250.00 | 1,206.00 | 1,295.00 | 1,147.00 | 1,125.00 | 1,078.00 | 1,183.00 | 1,099.00 | 1,082.00 | 991.00 | 1,304.00 | 1,056.00 | 1,005.00 | 1,004.00 | 1,246.00 | 990.00 | 929.00 | 918.00 | 1,195.00 | 933.00 | 875.00 | 1,026.00 | 1,194.00 | 1,064.00 | 1,132.00 | 851.00 | 928.00 | 880.00 | 908.00 | 868.00 | 901.00 | 838.00 | 796.00 | 749.00 | 813.00 | 746.00 | 778.00 | 749.00 | 844.00 | 776.00 | 770.00 | 750.00 | 814.00 | 792.00 | 777.00 | 752.00 | 793.00 | 704.00 | 745.00 | 716.00 | -4,538.00 | 707.00 | 732.00 | 728.00 | 2,517.00 | 2,496.00 | 2,463.00 | 2,412.00 | 2,460.00 | 2,285.00 | 2,656.00 | 2,210.00 | 2,742.00 | 2,159.00 | 648.00 | 714.00 | 2,563.00 | 2,768.00 | 2,853.00 | 3,127.00 | 2,760.00 | 2,522.00 | 2,546.00 | 2,425.00 | 809.00 | 822.00 | 841.00 | 2,337.00 |
| Operating income | 1,754.00 | 1,219.00 | 1,170.00 | 1,829.00 | 2,005.00 | 1,142.00 | 1,108.00 | 1,642.00 | 1,925.00 | 1,103.00 | 996.00 | 1,457.00 | 1,726.00 | 680.00 | 791.00 | 1,364.00 | 1,445.00 | 986.00 | 740.00 | 1,228.00 | 1,358.00 | 571.00 | 540.00 | 885.00 | 1,070.00 | 592.00 | 467.00 | 680.00 | 938.00 | 621.00 | 541.00 | 691.00 | 908.00 | 686.00 | 535.00 | 701.00 | 749.00 | 633.00 | 572.00 | 726.00 | 733.00 | 594.00 | 461.00 | 629.00 | 735.00 | 536.00 | 445.00 | 647.00 | 673.00 | 489.00 | 404.00 | 577.00 | 607.00 | 406.00 | 378.00 | 518.00 | 527.00 | 391.00 | 310.00 | 465.00 | 472.00 | 325.00 | 239.00 | -50.00 | 425.00 | -10.00 | 195.00 | 294.00 | 324.00 | 99.00 | 70.00 | 180.00 | -88.00 | 165.00 | 194.00 | 273.00 | 387.00 | 403.00 | 244.00 | 337.00 | 337.00 |
| Non-operating income (net) | -173.00 | -163.00 | -160.00 | -183.00 | -178.00 | -133.00 | -73.00 | -77.00 | -54.00 | -55.00 | -66.00 | -73.00 | -62.00 | -67.00 | -58.00 | -52.00 | -21.00 | -25.00 | -24.00 | -19.00 | -36.00 | -31.00 | -81.00 | -98.00 | -63.00 | -61.00 | -53.00 | -130.00 | 6.00 | -397.00 | -156.00 | 28.00 | 8.00 | -44.00 | 2.00 | 10.00 | 4.00 | -45.00 | -47.00 | -45.00 | -47.00 | -43.00 | -4.00 | -34.00 | -31.00 | -168.00 | -13.00 | -39.00 | -24.00 | -51.00 | -21.00 | -13.00 | -19.00 | -36.00 | -42.00 | -35.00 | -20.00 | -47.00 | -112.00 | -50.00 | -25.00 | -27.00 | -56.00 | -39.00 | -48.00 | -34.00 | -34.00 | -93.00 | -65.00 | -28.00 | -67.00 | -59.00 | -30.00 | -25.00 | -35.00 | -60.00 | -52.00 | -53.00 | 17.00 | -65.00 | -63.00 |
| Income before tax | 1,581.00 | 1,056.00 | 1,010.00 | 1,646.00 | 1,827.00 | 1,009.00 | 1,035.00 | 1,565.00 | 1,871.00 | 1,048.00 | 930.00 | 1,384.00 | 1,664.00 | 613.00 | 733.00 | 1,312.00 | 1,424.00 | 961.00 | 716.00 | 1,209.00 | 1,322.00 | 540.00 | 459.00 | 787.00 | 1,007.00 | 531.00 | 414.00 | 550.00 | 944.00 | 224.00 | 385.00 | 719.00 | 916.00 | 642.00 | 537.00 | 711.00 | 753.00 | 588.00 | 525.00 | 681.00 | 686.00 | 551.00 | 457.00 | 595.00 | 704.00 | 368.00 | 432.00 | 608.00 | 649.00 | 438.00 | 383.00 | 564.00 | 588.00 | 370.00 | 336.00 | 483.00 | 507.00 | 344.00 | 198.00 | 415.00 | 447.00 | 298.00 | 183.00 | -89.00 | 377.00 | -44.00 | 161.00 | 201.00 | 259.00 | 71.00 | 3.00 | 121.00 | -118.00 | 140.00 | 159.00 | 213.00 | 335.00 | 350.00 | 261.00 | 272.00 | 274.00 |
| Income tax expense | 395.00 | 222.00 | 253.00 | 415.00 | 415.00 | 208.00 | 283.00 | 425.00 | 447.00 | 283.00 | 192.00 | 337.00 | 412.00 | 142.00 | 181.00 | 334.00 | 338.00 | 154.00 | 174.00 | 382.00 | 324.00 | 161.00 | 139.00 | 207.00 | 240.00 | 135.00 | 108.00 | 206.00 | 217.00 | 65.00 | 106.00 | 183.00 | 220.00 | 614.00 | 140.00 | 204.00 | 175.00 | 147.00 | 141.00 | 201.00 | 196.00 | 171.00 | 128.00 | 166.00 | 206.00 | 99.00 | 127.00 | 168.00 | 192.00 | 131.00 | 123.00 | 164.00 | 176.00 | 105.00 | 90.00 | 144.00 | 153.00 | 100.00 | 65.00 | 129.00 | 128.00 | 106.00 | 55.00 | -60.00 | 103.00 | -48.00 | -46.00 | 44.00 | 80.00 | -5.00 | -18.00 | 66.00 | 94.00 | 44.00 | 75.00 | 70.00 | 106.00 | 119.00 | 77.00 | 96.00 | 73.00 |
| Net income | 1,146.00 | 821.00 | 747.00 | 1,211.00 | 1,381.00 | 788.00 | 747.00 | 1,125.00 | 1,400.00 | 756.00 | 730.00 | 1,035.00 | 1,235.00 | 466.00 | 546.00 | 967.00 | 1,071.00 | 803.00 | 537.00 | 820.00 | 983.00 | 374.00 | 316.00 | 572.00 | 754.00 | 391.00 | 303.00 | 332.00 | 716.00 | 153.00 | 276.00 | 531.00 | 690.00 | 29.00 | 393.00 | 501.00 | 569.00 | 436.00 | 379.00 | 472.00 | 481.00 | 375.00 | 323.00 | 419.00 | 482.00 | 294.00 | 297.00 | 431.00 | 443.00 | 303.00 | 253.00 | 388.00 | 413.00 | 259.00 | 241.00 | 329.00 | 347.00 | 256.00 | 130.00 | 282.00 | 325.00 | 203.00 | 168.00 | 236.00 | 248.00 | 23.00 | 221.00 | -193.00 | 176.00 | 80.00 | -8.00 | 65.00 | -210.00 | 85.00 | 1,945.00 | 177.00 | 268.00 | 226.00 | 176.00 | 172.00 | 416.00 |