Marsh shares rise 2% after beating third quarter estimates on strong revenue growt

Investing.com --On Thursday, Marsh (NYSE: MRSH) reported third quarter results that exceeded analyst expectations.

Shares of the company rose 2.02% following the earnings release.

Adjusted earnings per share came in at $2.03 beating the consensus estimate of $1.97 by $0.06, while revenue of $6.86 billion surpassed the $6.64 billion estimate.

The global professional services firm posted 8% revenue growth, or 5% on an underlying basis, compared to the third quarter of 2025. Adjusted EPS increased 10% from $1.85 in the prior year period. CEO John Doyle said, "Marsh delivered a strong third quarter, generating 5% underlying revenue growth and double-digit EPS growth. We also made significant progress in executing our Thrive program and successfully completed our brand transition."

Risk and Insurance Services revenue grew 7% to $4.2 billion, with underlying growth of 3%. The Risk division posted 10% revenue growth, or 5% on an underlying basis, reaching $3.7 billion. U.S./Canada underlying revenue grew 4%, while International markets expanded 6%, including 7% growth in EMEA and 4% in Asia Pacific.

Consulting revenue increased 9% to $2.7 billion, or 8% on an underlying basis. Management Consulting led the segment with 14% growth on both a GAAP and underlying basis to $1.0 billion. People and Investments revenue rose 6% to $1.7 billion, with underlying growth of 5%.

For the nine months ended September 30, 2026, consolidated revenue reached $21.9 billion, up 7% from the prior year period, or 5% on an underlying basis. Adjusted EPS for the nine-month period increased 9% to $8.29 from $7.63.

The company repurchased 2.7 million shares for $500 million during the quarter and 11.4 million shares for $2.0 billion year-to-date.

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