Filing Flows › Marsh & McLennan Companies (MRSH) › How it makes money
How Marsh & McLennan Companies (MRSH) makes money
Marsh & McLennan Companies (MRSH) made $6.9B of revenue in the third quarter 2026 (Q3 2026), +8% from a year earlier. Of every dollar of revenue, 18¢ was left as operating profit, 12¢ was left as net earnings.
Drawing the Sankey…
Where each dollar of revenue goes
| Line | Q3 2026 | % of revenue |
|---|---|---|
| Revenue | $6.9B | 100.0% |
| Operating profit | $1.2B | 17.7% |
| Income tax | $221M | 3.2% |
| Net earnings | $808M | 11.8% |
| Operating cash flow | $1.5B | 21.5% |
| Free cash flow | $1.4B | 20.4% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q3 2026 | $6.9B | +8% |
| Q2 2026 | $7.4B | +6% |
| Q1 2026 | $7.6B | +8% |
| Q4 2025 | $6.6B | +9% |
| Q3 2025 | $6.4B | +12% |
| Q2 2025 | $7.0B | +12% |
| Q1 2025 | $7.1B | +9% |
From Marsh & McLennan Companies' 10-Q filed Oct 15, 2026 (on EDGAR).
Questions
How does Marsh & McLennan Companies make money?
Marsh & McLennan Companies (MRSH) made $6.9B of revenue in the third quarter 2026 (Q3 2026), +8% from a year earlier. Of every dollar of revenue, 18¢ was left as operating profit, 12¢ was left as net earnings.
What is Marsh & McLennan Companies' profit margin?
Net earnings were $808M, 11.8% of revenue, in the third quarter 2026; the operating margin was 17.7%.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.