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Mar 31, 2020

Marsh & McLennan Q1 2020 Earnings Report

Marsh & McLennan had strong results in Q1 2020, with revenue and adjusted operating income increasing.

Key Takeaways

Marsh & McLennan Companies reported a strong first quarter in 2020. Total revenue increased by 14% to $4.7 billion, with underlying revenue growth of 5%. Adjusted operating income rose 15% to $1.2 billion, and adjusted EPS increased by 8% to $1.64.

Total revenue increased 14% year-over-year.

Underlying revenue grew by 5%.

Adjusted operating income increased by 15%.

Adjusted EPS increased by 8%.

Total Revenue
$4.65B
Previous year: $4.07B
+14.2%
EPS
$1.64
Previous year: $1.52
+7.9%
Underlying Revenue Growth
5%
Adj. Operating Inc. Growth
15%
Adj. EPS Growth
8%
Gross Profit
$2.1B
Previous year: $1.79B
+17.2%
Cash and Equivalents
$1.48B
Previous year: $1.12B
+32.5%
Free Cash Flow
-$756M
Previous year: -$349M
+116.6%
Total Assets
$31.4B
Previous year: $30.1B
+4.2%

Marsh & McLennan

Marsh & McLennan

Marsh & McLennan Revenue by Segment

Marsh & McLennan Revenue by Geographic Location

Forward Guidance

Marsh & McLennan acknowledges that the COVID-19 pandemic will affect all businesses in 2020, but they are confident in their resilience and capabilities to help clients during this time.

Revenue & Expenses

Visualization of income flow from segment revenue to net income