Marsh & McLennan Companies (MRSH)
NYSE:MRSH
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Earnings Data
Report Date
Jul 16, 2026Before Open (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
2.92Last Year’s EPS
2.72Same Quarter Last Year
Moderate Buy
Based on 17 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed a generally positive operational and strategic outlook: solid top-line growth (8% consolidated, 4% underlying), healthy adjusted earnings and margins, strong consulting and AUM growth, an ambitious and early-productive AI program, and active capital deployment including $750 million of share repurchases. Key near-term challenges include significant litigation-related charges ($425M), continued insurance and reinsurance pricing pressure (primary rates down 5%, property down 9% YoY, reinsurance rate declines of ~15%–20% on some renewals), and reduced fiduciary interest income. Management emphasized margin expansion guidance for 2026, Thrive cost savings, and confidence in AI-driven productivity and growth. Overall, positive operational momentum and strategic initiatives outweigh the notable one-time and market headwinds discussed.Company Guidance
Consolidated Revenue and Underlying Growth
Total consolidated revenue rose 8% year-over-year to $7.6 billion, with underlying revenue up 4% despite headwinds from lower fiduciary interest income and P&C pricing pressure.
Profitability and Earnings per Share
Adjusted operating income increased 8% to $2.4 billion and adjusted EPS rose 8% to $3.29. Operating income was $1.8 billion and GAAP EPS was $2.36.
Segment Growth — Consulting & Mercer
Consulting revenue grew 11% (5% underlying) to $2.6 billion; Mercer revenue increased 11% (5% underlying) to $1.7 billion. Consulting adjusted operating income rose 13% and its adjusted operating margin improved 40 basis points to 21.6%.
Risk & Insurance Services and Marsh Risk Momentum
RIS revenue was $5.1 billion, up 6% (3% underlying); Marsh Risk revenue was $3.7 billion, up 8% (4% underlying). RIS adjusted operating income rose 7% and its adjusted operating margin improved 10 basis points to 38.3%. Management noted sequential improvement in Marsh Risk growth.
Assets Under Management Expansion
Assets under management reached $727 billion, up 5% sequentially and up 19% year-over-year, driven by new wins, capital markets impacts and acquisitions.
Capital Deployment and Share Repurchases
Management repurchased $750 million of stock in Q1, returned $440 million in dividends, completed $89 million of acquisitions, and reiterated intent to deploy approximately $5 billion of capital in 2026 across dividends, acquisitions and buybacks.
AI Strategy and Early Productivity Gains
Company outlined a three-pillar AI strategy (growth, productivity, efficiency) with several deployed solutions (ADA, Centrus, UCLI, GC Quotebox, Claims IQ). Early results include document ingestion handling thousands weekly and improving efficiency by ~20%, an AI-powered broker workbench rebuilt in days, agentic AI reducing IT help-desk inquiries, and >2 million internal prompts/month supporting productivity.
Thrive Program Progress and Cost Savings Target
Thrive program remains on track to deliver $400 million of total savings; management expects to incur ~ $500 million of charges to generate those savings (Q1 included $37 million of Thrive costs).
MRSH Earnings History
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
MRSH Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Apr 16, 2026 | $174.90 | $182.57 | +4.39% |
Jan 29, 2026 | $176.37 | $186.96 | +6.00% |
Oct 16, 2025 | $201.78 | $184.59 | -8.52% |
Jul 17, 2025 | $208.00 | $207.07 | -0.44% |
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 Companies (MRSH) report earnings?
Marsh & McLennan Companies (MRSH) is schdueled to report earning on Jul 16, 2026, Before Open (Confirmed).
What is Marsh & McLennan Companies (MRSH) earnings time?
Marsh & McLennan Companies (MRSH) earnings time is at Jul 16, 2026, 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 MRSH EPS forecast?
MRSH EPS forecast for the fiscal quarter 2026 (Q2) is 2.92.