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Sep 30
Marsh & McLennan Q3 2025 Earnings Report
Marsh & McLennan posted strong third quarter results with double-digit growth in revenue and adjusted EPS.
Key Takeaways
Marsh & McLennan delivered solid Q3 2025 results, reporting revenue of $6.4 billion and net income of $747 million. Adjusted EPS rose to $1.85, driven by strong performance in both Risk & Insurance Services and Consulting. The company also announced a strategic rebranding initiative set for 2026.
Revenue reached $6.4 billion, up from $5.7 billion a year ago.
Adjusted EPS grew to $1.85, an 11% increase from the prior year.
Net income remained stable at $747 million year-over-year.
The company announced it will rebrand as Marsh starting January 2026.
Marsh & McLennan
Marsh & McLennan
Marsh & McLennan Revenue by Segment
Marsh & McLennan Revenue by Geographic Location
Revenue by Segment
Risk & Insurance Revenue
CapyFin.comConsulting Revenue
CapyFin.comMarsh Revenue
CapyFin.comGuy Carpenter Revenue
CapyFin.comMercer Revenue
CapyFin.comOliver Wyman Revenue
CapyFin.comWealth Revenue
CapyFin.comHealth Revenue
CapyFin.comCareer Revenue
CapyFin.comRevenue by Geographic Location
EMEA Revenue
CapyFin.comAsia Pacific Revenue
CapyFin.comLatin America Revenue
CapyFin.comU.S./Canada Revenue
CapyFin.com Forward Guidance
Marsh & McLennan signaled a strategic transformation ahead with its upcoming rebranding and formation of a new business unit, positioning the company for long-term innovation and efficiency.
Positive Outlook
- Rebranding to 'Marsh' to unify identity and improve market positioning.
- Launch of Business and Client Services unit to drive operational excellence.
- Continued double-digit growth in adjusted EPS and revenue.
- Strong performance in both core segments: Risk & Insurance and Consulting.
- Ongoing share repurchases signaling confidence in future cash flows.
Challenges Ahead
- Net income remained flat despite higher revenue.
- Interest expense increased significantly versus prior year.
- Fiduciary interest income declined from the previous year.
- Some geographies (e.g., Latin America) showed minimal revenue growth.
- Continued costs related to restructuring and brand transition.