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Mar 31
Marsh & McLennan Q1 2025 Earnings Report
Marsh McLennan reported strong first quarter results with solid revenue growth and improved adjusted earnings.
Key Takeaways
Marsh McLennan delivered a solid performance in Q1 2025, reporting $7.1 billion in revenue and $1.4 billion in net income. The company experienced growth across all business segments, supported by acquisitions and underlying demand.
Revenue increased to $7.1 billion, up 9% year-over-year.
Adjusted EPS grew 5% to $3.06 despite a foreign exchange headwind.
Net income for the quarter reached $1.4 billion.
Strong performance across all regions, with notable growth in Latin America and Health services.
Marsh & McLennan
Marsh & McLennan
Marsh & McLennan Revenue by Segment
Marsh & McLennan Revenue by Geographic Location
Forward Guidance
Marsh McLennan expects continued resilience and growth across its businesses, driven by ongoing demand for advisory services and recent acquisitions.
Positive Outlook
- Momentum sustained across all core business lines.
- Acquisitions, including McGriff, contributing to top-line growth.
- Strong international performance, especially in Latin America.
- Health segment showing robust revenue expansion.
- Improved adjusted operating margins.
Challenges Ahead
- Foreign exchange had a 5 cent negative impact on EPS.
- Slight decline in GAAP EPS compared to prior year.
- Career segment experienced a 1% decline in underlying revenue.
- Cash flow from operations decreased year-over-year.
- Global macroeconomic uncertainty remains a concern.