MMC Stock - Marsh & McLennan Companies, Inc.
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Financial Statements
| Metric | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Revenue | $24.46B | $22.74B | $20.72B | $19.82B | $17.22B |
| Gross Profit | $10.46B | $9.64B | $8.65B | $8.39B | $7.09B |
| Gross Margin | 42.8% | 42.4% | 41.7% | 42.4% | 41.2% |
| Operating Income | $5.82B | $5.28B | $4.28B | $4.31B | $3.07B |
| Net Income | $4.06B | $3.76B | $3.05B | $3.14B | $2.02B |
| Net Margin | 16.6% | 16.5% | 14.7% | 15.9% | 11.7% |
| EPS | $8.25 | $7.60 | $6.11 | $6.20 | $3.98 |
Marsh & McLennan Companies, Inc., a professional services company, provides advice and solutions to clients in the areas of risk, strategy, and people worldwide. It operates in two segments, Risk and Insurance Services, and Consulting. The Risk and Insurance Services segment offers risk management services, such as risk advice, risk transfer, and risk control and mitigation solutions, as well as insurance and reinsurance broking, catastrophe and financial modeling, and related advisory services; and insurance program management services. This segment serves businesses, public entities, insurance companies, associations, professional services organizations, and private clients. The Consulting segment provides health, wealth, and career consulting services and products; and specialized management, as well as economic and brand consulting services. Marsh & McLennan Companies, Inc. was founded in 1871 and is headquartered in New York, New York.
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Price Targets
Recent Analyst Actions
| Date | Firm | Action | Rating | Price Target |
|---|---|---|---|---|
| December 16th 2025 | Mizuho | Initiation | Outperform | - |
| November 25th 2025 | RBC Capital Mkts | Resumed | Sector Perform | $200 |
| November 20th 2025 | Barclays | Upgrade | Overweight | $206 |
| November 3rd 2025 | BofA Securities | Downgrade | Underperform | $181 |
| October 20th 2025 | Goldman | Upgrade | Neutral | $195 |
| October 17th 2025 | Keefe Bruyette | Upgrade | Market Perform | $191 |
| October 9th 2025 | JP Morgan | Upgrade | Overweight | $242 |
| September 16th 2025 | Wolfe Research | Initiation | Peer Perform | - |
| August 13th 2025 | Cantor Fitzgerald | Initiation | Overweight | $256 |
| August 13th 2025 | Citigroup | Initiation | Neutral | $226 |
| March 25th 2025 | Redburn Atlantic | Initiation | Buy | $281 |
| December 12th 2024 | RBC Capital Mkts | Upgrade | Outperform | $250 |
| November 25th 2024 | Evercore ISI | Resumed | Outperform | $242 |
| September 5th 2024 | Barclays | Initiation | Equal Weight | $236 |
| April 17th 2024 | Piper Sandler | Downgrade | Neutral | $211 |
Earnings History & Surprises
MMCEPS Surprise History
Quarterly EPS Details
| Period | Report Date | Estimated EPS | Actual EPS | Surprise | Result |
|---|---|---|---|---|---|
Q2 2026 | Apr 15, 2026 | — | — | — | — |
Q1 2026 | Jan 29, 2026 | $1.97 | — | — | — |
Q4 2025 | Oct 16, 2025 | $1.78 | $1.85 | +3.9% | ✓ BEAT |
Q3 2025 | Jul 17, 2025 | $2.67 | $2.72 | +1.9% | ✓ BEAT |
Q2 2025 | Apr 17, 2025 | $3.02 | $3.06 | +1.3% | ✓ BEAT |
Q1 2025 | Jan 30, 2025 | $1.76 | $1.87 | +6.3% | ✓ BEAT |
Q4 2024 | Oct 17, 2024 | $1.61 | $1.63 | +1.2% | ✓ BEAT |
Q3 2024 | Jul 18, 2024 | $2.40 | $2.41 | +0.4% | ✓ BEAT |
Q2 2024 | Apr 18, 2024 | $2.80 | $2.89 | +3.2% | ✓ BEAT |
Q1 2024 | Jan 25, 2024 | $1.63 | $1.68 | +3.1% | ✓ BEAT |
Q4 2023 | Oct 19, 2023 | $1.39 | $1.47 | +5.8% | ✓ BEAT |
Q3 2023 | Jul 20, 2023 | $2.12 | $2.20 | +3.8% | ✓ BEAT |
Q2 2023 | Apr 20, 2023 | $2.47 | $2.53 | +2.4% | ✓ BEAT |
Q1 2023 | Jan 26, 2023 | $1.40 | $1.47 | +5.0% | ✓ BEAT |
Q4 2022 | Oct 20, 2022 | $1.14 | $1.18 | +3.5% | ✓ BEAT |
Q3 2022 | Jul 21, 2022 | $1.86 | $1.89 | +1.6% | ✓ BEAT |
Q2 2022 | Apr 21, 2022 | $2.14 | $2.30 | +7.5% | ✓ BEAT |
Q1 2022 | Jan 27, 2022 | $1.34 | $1.36 | +1.5% | ✓ BEAT |
Q4 2021 | Oct 21, 2021 | $0.98 | $1.08 | +10.2% | ✓ BEAT |
Q3 2021 | Jul 22, 2021 | $1.43 | $1.75 | +22.4% | ✓ BEAT |
Latest News
Mizuho Initiates Coverage On Marsh & McLennan Cos with Outperform Rating, Announces Price Target of $212
📈 PositiveMercer UK to Invest £350M in New Private Market Fund, Boosting Retirement Savings Access
📈 PositiveCitigroup Maintains Neutral on Marsh & McLennan Cos, Lowers Price Target to $201
➖ NeutralMarsh McLennan Renews Share Repurchase Program, Authorizes To Buy Back Up To $6B Of Common Stock
📈 PositiveBarclays Upgrades Marsh & McLennan Cos to Overweight, Lowers Price Target to $206
📈 PositiveTD Cowen Maintains Hold on Marsh & McLennan Cos, Lowers Price Target to $200
➖ NeutralMarsh McLennan's Mercer Business Acquires Hexarem, Terms Not Disclosed
📈 PositiveMarsh McLennan Agency Acquires Hayden Wood Insurance Agency; Terms Not Disclosed
📈 PositiveB of A Securities Downgrades Marsh & McLennan Cos to Underperform, Lowers Price Target to $181
📉 NegativeGoldman Sachs Upgrades Marsh & McLennan Cos to Neutral, Lowers Price Target to $195
➖ NeutralEvercore ISI Group Maintains Outperform on Marsh & McLennan Cos, Lowers Price Target to $237
➖ NeutralWells Fargo Maintains Equal-Weight on Marsh & McLennan Cos, Lowers Price Target to $212
➖ NeutralKeefe, Bruyette & Woods Upgrades Marsh & McLennan Cos to Market Perform, Lowers Price Target to $191
➖ NeutralMarsh & McLennan shares are trading lower. The company reported Q3 financial results.
📉 NegativeMarsh & McLennan Q3 Adj. EPS $1.85 Beats $1.79 Estimate, Sales $6.351B Beat $6.323B Estimate
📈 PositiveMarsh McLennan To Change Its Brand To Marsh Effective January 2026; Creates Business And Client Services Unit To Accelerate Client Impact; To Trade Under New Ticker Symbol MRSH In January 2026
➖ NeutralJP Morgan Upgrades Marsh & McLennan Cos to Overweight, Lowers Price Target to $242
📈 PositiveUBS Maintains Buy on Marsh & McLennan Cos, Lowers Price Target to $257
➖ NeutralBarclays Maintains Equal-Weight on Marsh & McLennan Cos, Lowers Price Target to $221
➖ NeutralWells Fargo Maintains Equal-Weight on Marsh & McLennan Cos, Lowers Price Target to $222
➖ NeutralFrequently Asked Questions about MMC
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