Marsh & McLennan delivered strong revenue and EPS growth, supported by robust international performance and successful execution in a challenging macro environment. However, the company faces headwinds from a softening insurance market, a challenging U.S. litigation environment, and softness in project-related consulting work.

Company Guidance

During the Marsh & McLennan earnings call for the second quarter of fiscal year 2025, the company reported a solid performance despite challenging macroeconomic conditions. The overall revenue grew by 12% to $7 billion, with underlying revenue increasing by 4%. Adjusted operating income rose by 14%, while the adjusted operating margin improved by 50 basis points to 29.5%. The adjusted earnings per share (EPS) increased by 11% to $2.72. The company also announced a 10% increase in its quarterly dividend to $0.90 and completed $300 million in share repurchases. The Risk and Insurance Services segment saw a revenue increase of 15% to $4.6 billion, with underlying growth of 4%, while the Consulting segment's revenue grew by 7% to $2.4 billion, with an underlying growth of 3%. Challenges such as declining property and casualty pricing and market uncertainty were highlighted, but the company remains optimistic about future growth, focusing on advising clients on strategies to build resilience and capture opportunities, particularly in the context of geopolitical risks and the rapid development of AI.

Strong Revenue Growth

Consolidated revenue increased 12% to $7 billion, with underlying growth of 4%. Adjusted operating income increased 14% year-over-year.

Adjusted EPS and Dividend Increase

Adjusted EPS grew 11% to $2.72, and the company announced a 10% increase to the quarterly dividend, marking the 16th consecutive year of dividend increases.

Strong International Performance

International growth was robust with EMEA up 8%, Asia Pacific up 4%, and Latin America up 3%.

Solid Performance of Guy Carpenter

Guy Carpenter's revenue grew 5% on an underlying basis, with strong growth across international platforms.

Marsh & Mclennan Companies (MMC) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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MMC Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 16, 2025	2025 (Q3)	1.80 / -	1.63	―	―	―
Jul 17, 2025	2025 (Q2)	2.67 / 2.72	2.41	12.86% (+0.31)	―
Apr 17, 2025	2025 (Q1)	3.02 / 3.06	2.89	5.88% (+0.17)
Jan 30, 2025	2024 (Q4)	1.76 / 1.87	1.68	11.31% (+0.19)
Oct 17, 2024	2024 (Q3)	1.62 / 1.63	1.57	3.82% (+0.06)	―
Jul 18, 2024	2024 (Q2)	2.40 / 2.41	2.2	9.55% (+0.21)
Apr 18, 2024	2024 (Q1)	2.80 / 2.89	2.53	14.23% (+0.36)
Jan 25, 2024	2023 (Q4)	1.63 / 1.68	1.47	14.29% (+0.21)
Oct 19, 2023	2023 (Q3)	1.39 / 1.57	1.18	33.05% (+0.39)
Jul 20, 2023	2023 (Q2)	2.12 / 2.20	1.89	16.40% (+0.31)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

MMC Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jul 17, 2025	$211.07	$210.13	-0.45%
Apr 17, 2025	$230.33	$219.12	-4.87%
Jan 30, 2025	$216.83	$219.15	+1.07%
Oct 17, 2024	$225.33	$224.35	-0.43%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Marsh & Mclennan (MMC) report earnings?

Marsh & Mclennan (MMC) is schdueled to report earning on Oct 16, 2025, Before Open (Confirmed).

What is Marsh & Mclennan (MMC) earnings time?

Marsh & Mclennan (MMC) earnings time is at Oct 16, 2025, Before Open (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is MMC EPS forecast?

MMC EPS forecast for the fiscal quarter 2025 (Q3) is 1.8.

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