Filing Flows › Marsh & McLennan Companies (MRSH) › Q3 2026
Marsh & McLennan Companies (MRSH) Q3 2026 earnings results (third quarter 2026)
10-Q filed Oct 15, 2026
Marsh & McLennan Companies (MRSH) reported revenue of $6.9B for the third quarter 2026 (Q3 2026), +8% from a year earlier and -7% from the quarter before. Operating margin was 17.7%, net earnings $808M (11.8% of revenue).
Marsh & McLennan Companies, Q3 2026: revenue $6.9B (+8% year over year), operating margin 17.7%, net earnings $808M, operating cash flow $1.5B. The chart follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $6.9B | -7% | +8% |
| Operating profit | $1.2B | -36% | +4% |
| Net earnings | $808M | -36% | +8% |
| Operating cash flow | $1.5B | -3% | -29% |
| Free cash flow | $1.4B | -4% | -30% |
What changed
Revenue was $6.9B in Q3 2026, up 8% year over year and down 7% from the previous quarter.
Operating profit was $1.2B, a 17.7% margin (down 0.7 points year over year). Of the extra revenue versus Q3 2025, 9% reached operating profit, below the 18% margin then. Total costs grew 9% against revenue growth of 8%. Net earnings were $0.81B, up 8% year over year. The effective tax rate was 21.4%.
Operating cash flow was $1.5B (down 29% year over year), 182% of net earnings. Non-cash charges added back $0.09B of depreciation and amortization and $0.09B of share-based compensation. Working capital and other items added $0.48B. Capital expenditures of $0.08B left free cash flow of $1.4B.
Questions
What was Marsh & McLennan Companies' revenue in the third quarter 2026?
Marsh & McLennan Companies (MRSH) reported revenue of $6.9B for the third quarter 2026 (Q3 2026), +8% from a year earlier and -7% from the quarter before.
Was Marsh & McLennan Companies profitable in the third quarter 2026?
Operating profit was $1.2B (17.7% of revenue) and net earnings $808M.