MMC
Marsh & McLennan Companies Inc
NYSE: MMC · FINANCIAL SERVICES · INSURANCE BROKERS
$182.70
-1.58% today
Updated 2026-01-13
Market cap
$89.82B
P/E ratio
21.93
P/S ratio
3.40x
EPS (TTM)
$8.33
Dividend yield
1.85%
52W range
$174 – $246
Volume
2.6M
Marsh & McLennan Companies Inc (MMC) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $11.65B | $11.92B | $11.18B | $10.73B | $9.83B | $10.55B | $11.53B | $11.92B | $12.26B | $12.95B | $12.89B | $13.21B | $14.02B | $14.95B | $16.65B | $17.22B | $19.82B | $20.72B | $22.74B | $24.46B |
| Revenue growth (YoY) | — | +2.3% | -6.2% | -4.0% | -8.4% | +7.3% | +9.3% | +3.5% | +2.8% | +5.6% | -0.4% | +2.5% | +6.2% | +6.6% | +11.4% | +3.4% | +15.1% | +4.5% | +9.7% | +7.6% |
| Cost of revenue | $3.81B | $7.11B | $9.76B | $10.01B | $8.85B | $6.46B | $6.97B | $7.13B | $7.23B | $7.51B | $7.33B | $7.69B | $8.09B | $8.61B | $9.73B | $10.13B | $11.43B | $12.07B | $4.36B | $14.00B |
| Gross profit | $7.84B | $4.81B | $11.18B | $10.73B | $9.83B | $4.08B | $4.56B | $4.79B | $5.04B | $5.44B | $5.56B | $5.52B | $5.94B | $6.34B | $6.92B | $7.09B | $8.39B | $8.65B | $18.38B | $10.46B |
| Gross margin | 67.3% | 40.3% | 100.0% | 100.0% | 100.0% | 38.7% | 39.5% | 40.2% | 41.1% | 42.0% | 43.1% | 41.8% | 42.3% | 42.4% | 41.5% | 41.2% | 42.4% | 41.7% | 80.8% | 42.8% |
| R&D | — | — | — | — | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | — |
| SG&A | $6.95B | $3.35B | $10.33B | $6.83B | $6.18B | $6.46B | $6.97B | $7.13B | $7.23B | $7.51B | $7.33B | $7.69B | $8.09B | $8.61B | $9.73B | $14.16B | $11.43B | $12.07B | $13.10B | $14.00B |
| Operating income | $590.00M | $948.00M | $846.00M | $679.00M | $778.00M | $939.00M | $1.64B | $1.83B | $2.08B | $2.30B | $2.42B | $2.43B | $2.65B | $2.76B | $2.68B | $3.07B | $4.31B | $4.28B | $5.28B | $5.82B |
| Operating margin | 5.1% | 8.0% | 7.6% | 6.3% | 7.9% | 8.9% | 14.2% | 15.3% | 16.9% | 17.8% | 18.8% | 18.4% | 18.9% | 18.5% | 16.1% | 17.8% | 21.8% | 20.7% | 23.2% | 23.8% |
| EBITDA | $1.08B | $1.44B | $1.29B | $1.12B | $1.16B | $1.36B | $1.94B | $2.23B | $2.50B | $2.61B | $2.89B | $3.11B | $3.36B | $3.03B | $3.61B | $4.05B | $5.40B | $5.27B | $5.28B | $6.93B |
| EBITDA margin | 9.3% | 12.0% | 11.5% | 10.4% | 11.8% | 12.9% | 16.8% | 18.7% | 20.4% | 20.2% | 22.4% | 23.5% | 24.0% | 20.3% | 21.7% | 23.5% | 27.2% | 25.4% | 23.2% | 28.3% |
| EBIT | $590.00M | $948.00M | $846.00M | $714.00M | $793.00M | $1.00B | $1.60B | $1.88B | $2.14B | $2.22B | $2.47B | $2.67B | $2.88B | $2.53B | $2.96B | $3.31B | $4.65B | $4.55B | $5.28B | $6.18B |
| Interest expense | $0.00 | $0.00 | $0.00 | $220.00M | $241.00M | $233.00M | $199.00M | $181.00M | $167.00M | $165.00M | $163.00M | $189.00M | $237.00M | $290.00M | $524.00M | $515.00M | $444.00M | $469.00M | $578.00M | $700.00M |
| Income tax | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Effective tax rate | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Net income | $404.00M | $990.00M | $2.48B | $-73.00M | $227.00M | $855.00M | $993.00M | $1.18B | $1.36B | $1.47B | $1.60B | $1.77B | $1.49B | $1.65B | $1.74B | $2.02B | $3.14B | $3.05B | $3.76B | $4.06B |
| Net income growth (YoY) | — | +145.0% | +150.0% | -102.9% | +411.0% | +276.7% | +16.1% | +18.4% | +15.4% | +8.0% | +9.1% | +10.6% | -15.6% | +10.6% | +5.6% | +15.7% | +55.9% | -3.0% | +23.1% | +8.1% |
| Profit margin | 3.5% | 8.3% | 22.1% | -0.7% | 2.3% | 8.1% | 8.6% | 9.9% | 11.1% | 11.3% | 12.4% | 13.4% | 10.6% | 11.0% | 10.5% | 11.7% | 15.9% | 14.7% | 16.5% | 16.6% |