Marsh & McLennan Companies reported second-quarter 2026 results with revenue of $7.4B and diluted EPS of $2.63, reflecting year‑over‑year growth driven by Marsh Risk and Consulting.
Financial Highlights
- Revenue: $7.404B for Q2 2026, up from $6.974B in the year‑ago quarter (6.1% YoY).
- Net income: $1.266B attributable to the Company for Q2 2026, versus $1.211B in the year‑ago quarter (4.6% YoY).
- Diluted EPS: $2.63 for Q2 2026, up from $2.45 in the year‑ago quarter (7.3% YoY).
Business Highlights
- Consolidated revenue rose 6% for the quarter and 7% year‑to‑date, with underlying growth of 5% for the quarter and 4% YTD, led by Marsh Risk and Consulting.
- Channel shifts: Marsh Risk benefited from higher new business and renewals; Guy Carpenter saw softer reinsurance premium rates that weighed on its underlying growth.
- Branding and organization: Company rebranded to Marsh and renamed advisory units to Marsh Risk and Marsh Management Consulting, with no changes to segment reporting.
- Operational initiatives: Launched a three‑year "Thrive" program targeting $400M of annualized savings through process automation, technology and operating‑model optimization.
- M&A: Completed five acquisitions in 2026 totaling $181M, along with additional smaller purchases to expand capabilities and regional presence.
Original SEC Filing:
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