Company Analysis

Marsh (MRSH)

NYSE: MRSH · Insurance Agents, Brokers & Service · New York, NY · filing with the SEC since 1994
Grade6.0
◀ Past 7.3● Present 6.3▶ Future 4.5

Income statement, as filed

In millions of US dollars (USD), as filed; per-share figures in US dollars; share counts in millions. The fiscal year ends in December.
Income statement, by fiscal year, newest first
Fiscal yearFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020FY 2019FY 2018FY 2017FY 2016
Period endingDec 31, 2025Dec 31, 2024Dec 31, 2023Dec 31, 2022Dec 31, 2021Dec 31, 2020Dec 31, 2019Dec 31, 2018Dec 31, 2017Dec 31, 2016
Report filedFeb 9, 2026Feb 10, 2025Feb 12, 2024Feb 13, 2023Feb 16, 2022Feb 17, 2021Feb 20, 2020Feb 21, 2019Feb 22, 2018Feb 24, 2017
Revenue26,981.024,458.022,736.020,720.019,820.017,224.016,652.014,950.014,024.013,211.0
Total operating expenses20,758.018,641.017,454.016,440.015,508.014,158.013,975.012,189.011,369.0r10,780.0r
Operating income6,223.05,817.05,282.04,280.04,312.03,066.02,677.02,761.02,655.0r2,431.0r
Interest expense960.0700.0578.0469.0444.0515.0524.0290.0237.0189.0
Interest and investment income48.083.078.015.02.07.039.011.09.05.0
Share of profit of equity-method investments······12.017.0··
Income before income taxes5,539.05,480.05,026.04,082.04,208.02,793.02,439.02,244.02,643.02,480.0
Income tax expense1,305.01,363.01,224.0995.01,034.0747.0666.0574.01,133.0685.0
Income from continuing operations······1,742.01,650.01,490.01,768.0
Income from discontinued operations······0.00.02.00.0
Net income including non-controlling interests4,234.04,117.03,802.03,087.03,174.02,046.01,773.01,670.01,512.01,795.0
Net income to non-controlling interests74.057.046.037.031.030.031.020.020.027.0
Net income4,160.04,060.03,756.03,050.03,143.02,016.01,742.01,650.01,492.01,768.0
Earnings per share, basic8.488.267.606.116.203.983.443.262.913.41
Earnings per share, diluted8.438.187.536.046.133.943.413.232.873.38
Weighted average shares, basic491492494499507506506506513519
Weighted average shares, diluted494496499505513512511511519524
As filed with the SEC, each figure from the newest report that carries it, and linked to it. Nothing here is computed.A dot is a line not tagged for that period. r restated by the company in a later report; b a share figure put on the newest basis or filed in the wrong unit. Hover a figure for its filing and note.
What each line is, and the XBRL concept behind it
Revenue what customers paid for what it soldus-gaap:RevenueFromContractWithCustomerExcludingAssessedTax
us-gaap:RevenueFromContractWithCustomerIncludingAssessedTax
us-gaap:SalesRevenueServicesNet
Total operating expenses the running costs togetherus-gaap:OperatingExpenses
Operating income profit from running the business, before interest and taxus-gaap:OperatingIncomeLoss
Interest expense what its borrowing costus-gaap:InterestExpenseNonoperating
us-gaap:InterestExpense
Interest and investment income what its cash and investments earnedus-gaap:InvestmentIncomeInterest
Share of profit of equity-method investments its share of companies it partly ownsus-gaap:IncomeLossFromEquityMethodInvestments
Income before income taxes profit before taxus-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
Income tax expense tax charged on the period's profitus-gaap:IncomeTaxExpenseBenefit
Income from continuing operations profit from the businesses it keepsus-gaap:IncomeLossFromContinuingOperations
Income from discontinued operations profit or loss from businesses it sold or closedus-gaap:IncomeLossFromDiscontinuedOperationsNetOfTax
Net income including non-controlling interests the whole group's profit, minority holders' share includedus-gaap:ProfitLoss
Net income to non-controlling interests the share that belongs to minority holdersus-gaap:NetIncomeLossAttributableToNoncontrollingInterest
Net income the profit or loss that belongs to the company's shareholdersus-gaap:NetIncomeLoss
Earnings per share, basic net income per share outstandingus-gaap:EarningsPerShareBasic
Earnings per share, diluted net income per share, counting every share that could be issuedus-gaap:EarningsPerShareDiluted
Weighted average shares, basic the average count of shares outstandingus-gaap:WeightedAverageNumberOfSharesOutstandingBasic
Weighted average shares, diluted the average count with every share that could be issuedus-gaap:WeightedAverageNumberOfDilutedSharesOutstanding
SI Assistanton MRSH · research, not advice