Filing Flows › Marsh & McLennan Companies (MRSH) › Q2 2026 › vs Q2 2025
Marsh & McLennan Companies (MRSH) Q2 2026 vs Q2 2025 (year over year)
Marsh & McLennan Companies's revenue rose $430M (+6%) from $7.0B in Q2 2025 to $7.4B in Q2 2026. Operating margin 25.6% against 26.2% (-0.6 pts).
Marsh & McLennan Companies, Q2 2026: revenue $7.4B (+6% year over year), operating margin 25.6%, net earnings $1.3B, operating cash flow $1.5B. The chart draws each line against Q2 2025, the increases inside each band.
Margins
| Q2 2026 | Q2 2025 | Change | |
|---|---|---|---|
| Operating margin | 25.6% | 26.2% | -0.6 pts |
| Net margin | 17.1% | 17.4% | -0.3 pts |
| Free cash flow margin | 19.6% | 23.1% | -3.5 pts |
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| Revenue | $7.4B | $7.0B | $430M | +6% |
| Operating profit | $1.9B | $1.8B | $70.0M | +4% |
| Costs & expenses | $5.5B | $5.1B | $360M | +7% |
| Pre-tax earnings | $1.7B | $1.6B | $56.0M | +3% |
| Other expense, net | $197M | $183M | $14.0M | +8% |
| Net earnings | $1.3B | $1.2B | $55.0M | +5% |
| Minority interests | $25.0M | $20.0M | $5.0M | +25% |
| Income tax | $411M | $415M | −$4.0M | -1% |
| Depreciation & amortization | $90.0M | $231M | −$141M | -61% |
| Share-based compensation | $96.0M | $98.0M | −$2.0M | -2% |
| Working capital & other | $71.0M | $131M | −$60.0M | -46% |
| Operating cash flow | $1.5B | $1.7B | −$148M | -9% |
| Free cash flow (OCF − capex) | $1.5B | $1.6B | −$161M | -10% |
| Capital expenditures | $72.0M | $59.0M | $13.0M | +22% |
Questions
How much did Marsh & McLennan Companies's revenue grow year over year in Q2 2026?
Marsh & McLennan Companies's revenue rose $430M (+6%) from $7.0B in Q2 2025 to $7.4B in Q2 2026. Operating margin 25.6% against 26.2% (-0.6 pts).