Marsh & McLennan (MMC) Tops Q4 EPS by 14c, Beats on Revenue

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Marsh Reports Solid Fourth Quarter and Full-Year 2025 Results

January 29, 2026 7:00 AM EST

Full-Year Revenue Growth of 10%; Underlying Revenue Growth of 4% Full-Year GAAP Operating Income Increases 7%; Adjusted Operating Income Increases 11% Full-Year GAAP EPS of $8.43; Adjusted EPS Increases 9% to $9.75 Fourth Quarter GAAP EPS of $1.68; Adjusted EPS Increases 10% to $2.12

NEW YORK--(BUSINESS WIRE)-- Marsh (NYSE: MRSH), a global leader in risk, reinsurance and capital, people and investments, and management consulting, today reported financial results for the fourth quarter and year ended December 31, 2025.

John Doyle, President and CEO, said: "Our fourth quarter results capped another solid year for Marsh. For the full... More