Filing Flows › Marsh & McLennan Companies (MRSH) › Q2 2026
Marsh & McLennan Companies (MRSH) Q2 2026 earnings results (second quarter 2026)
10-Q filed Jul 21, 2026
Marsh & McLennan Companies (MRSH) reported revenue of $7.4B for the second quarter 2026 (Q2 2026), +6% from a year earlier and -3% from the quarter before. Operating margin was 25.6%, net earnings $1.3B (17.1% of revenue).
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 follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $7.4B | -3% | +6% |
| Operating profit | $1.9B | +8% | +4% |
| Net earnings | $1.3B | +10% | +5% |
| Operating cash flow | $1.5B | — | -9% |
| Free cash flow | $1.5B | — | -10% |
What changed
Revenue was $7.4B in Q2 2026, up 6% year over year and down 3% from the previous quarter.
Operating profit was $1.9B, a 25.6% margin (down 0.6 points year over year). Of the extra revenue versus Q2 2025, 16% reached operating profit, below the 26% margin then. Total costs grew 7% against revenue growth of 6%. Net earnings were $1.3B, up 5% year over year. The effective tax rate was 24.1%.
Operating cash flow was $1.5B (down 9% year over year), 118% of net earnings. Non-cash charges added back $0.09B of depreciation and amortization and $0.10B of share-based compensation. Capital expenditures of $0.07B left free cash flow of $1.5B.
Questions
What was Marsh & McLennan Companies' revenue in the second quarter 2026?
Marsh & McLennan Companies (MRSH) reported revenue of $7.4B for the second quarter 2026 (Q2 2026), +6% from a year earlier and -3% from the quarter before.
Was Marsh & McLennan Companies profitable in the second quarter 2026?
Operating profit was $1.9B (25.6% of revenue) and net earnings $1.3B.