MRSH · NYQ
S&P 500
Marsh & McLennan Companies, Inc.
Financial services · Insurance Brokers
$206.94
+$2.57 (+1.26%) Nov 10, 2026
Session of Nov 10, 2026 · updated · Source: Yahoo Finance
Consensus of 23 analysts
Hold
Median price target $201.00 −2.9%
- Open
- $204.67
- Day range
- 202.73 – $207.93
- 52-week range
- 156.60 – $214.00
- Volume
- 1,757,482
- Market cap
- $98,403M
- P/E (TTM)
- 24.8x
- EPS (TTM)
- $8.36
- EPS est. 2026
- $10.49
- P/E est. 2026
- 19.7x
- Dividend yield
- 1.8%
- Beta
- 0.52
- Payout
- 44%
The analysis of this company is being prepared and will appear in the next update.
Marsh McLennan financials
Q3 2026 results, quarter ended Sep 30, 2026
| Metric | Q3 2026 | 1-year change |
|---|---|---|
| Total revenue | $6,863M | +8.1% |
| Net income | $808M | +8.2% |
| Earnings per share | $1.69 | +11.9% |
| Net margin | 11.8% | +0.0 pp |
| Free cash flow | $1,397M | −30.5% |
| Debt / equity | 1.52 | +7.6% |
Revenue and net income ($M)
Total revenueNet income
| Quarter | Total revenue | Net income |
|---|---|---|
| Q3 2025 | $6,351M | $747M |
| Q4 2025 | $6,595M | $821M |
| Q1 2026 | $7,597M | $1,146M |
| Q2 2026 | $7,404M | $1,266M |
| Q3 2026 | $6,863M | $808M |
Marsh McLennan earnings per share (EPS)
Consensus estimates
| Period | EPS est. | 1-year change |
|---|---|---|
| Current quarterQ4 2026 · Analysts: 22 | $2.2172.12 – 2.28 | +4.6%$2.120 |
| Next quarterQ1 2027 · Analysts: 21 | $3.5773.47 – 3.68 | +8.7%$3.290 |
| Current year2026 · Analysts: 23 | $10.48610.39 – 10.58 | +7.6%$9.750 |
| Next year2027 · Analysts: 23 | $11.46410.96 – 11.76 | +9.3%$10.486 |
Forward P/E: 19.7x (2026) and 18.1x (2027) at the current price.
Actual and estimated EPS ($)
Actual EPSEstimated EPS
| Quarter | Actual EPS | Estimated EPS |
|---|---|---|
| Q3 2025 | $1.510 | — |
| Q4 2025 | $2.120 | $1.973 |
| Q1 2026 | $3.290 | $3.221 |
| Q2 2026 | $2.960 | $2.895 |
| Q3 2026 | $2.030 | $1.968 |
| Q4 2026 | — | $2.217 |
| Q1 2027 | — | $3.577 |
| Year | Actual EPS | Estimated EPS |
|---|---|---|
| 2022 | $6.040 | — |
| 2023 | $7.530 | — |
| 2024 | $8.180 | — |
| 2025 | $8.430 | — |
| 2026 | — | $10.486 |
| 2027 | — | $11.464 |
EPS trend
| Quarter | EPS | YoY change |
|---|---|---|
| Q1 2027Estimated | $3.577 | +8.7% |
| Q4 2026Estimated | $2.217 | +4.6% |
| Q3 2026 | $2.030est. $1.968 · surprise +3.2% | +34.4% |
| Q2 2026 | $2.960est. $2.895 · surprise +2.3% | n/a |
| Q1 2026 | $3.290est. $3.221 · surprise +2.1% | n/a |
| Q4 2025 | $2.120est. $1.973 · surprise +7.5% | n/a |
| Q3 2025 | $1.510 | n/a |
| Year | EPS | Annual change |
|---|---|---|
| 2027Estimated | $11.464 | +9.3% |
| 2026Estimated | $10.486 | +24.4% |
| 2025 | $8.430 | +3.1% |
| 2024 | $8.180 | +8.6% |
| 2023 | $7.530 | +24.7% |
| 2022 | $6.040 | n/a |
Normalised EPS according to the analyst consensus collected by Yahoo Finance; it may differ from the reported EPS in the results table.
Marsh McLennan dividend
Yield and payments
| Dividend yield (TTM) | 1.8% |
| Forward yield (next 12m) | 1.9% |
| Dividend per share (TTM) | $3.78 |
| Forward dividend (next 12m) | $3.96 |
| Payout (TTM) | 44% |
| Last dividend | $0.99Oct 1, 2026 |
| Next ex-dividend date | n/a |
Dividend per share by year ($)
PaidEstimated
| Year | Dividend per share |
|---|---|
| 2019 | $1.74 |
| 2020 | $1.84 |
| 2021 | $2.00 |
| 2022 | $2.25 |
| 2023 | $2.60 |
| 2024 | $3.05 |
| 2025 | $3.43 |
| est. 12m | $3.96 |
Marsh McLennan forecasts
23 analyst ratings
Consensus: Hold · 8 buy, 14 hold, 1 sell
1-year price forecast
Share price
Price target (high, median, low)
| Target | Price | Upside |
|---|---|---|
| High | $230.00 | +11.1% |
| Median | $201.00 | −2.9% |
| Low | $180.00 | −13.0% |
| Date | Close |
|---|---|
| Nov 28, 2025 | $183.45 |
| Dec 31, 2025 | $185.52 |
| Jan 30, 2026 | $188.19 |
| Feb 27, 2026 | $186.74 |
| Mar 31, 2026 | $173.45 |
| Apr 30, 2026 | $167.71 |
| May 29, 2026 | $159.97 |
| Jun 30, 2026 | $166.67 |
| Jul 31, 2026 | $189.69 |
| Aug 31, 2026 | $189.80 |
| Sep 30, 2026 | $170.73 |
| Oct 30, 2026 | $200.62 |
| Nov 10, 2026 | $206.94 |
Marsh McLennan peers
| Ticker | Company | Market cap ($M) | P/E | Price ($) | 1-day change | 52-week range |
|---|---|---|---|---|---|---|
| MRSH | Marsh McLennan | 98,403 | 24.8x | 206.94 | +1.26% | 156.60214.00 |
| AJG | Arthur J. Gallagher & | 72,476 | 43.2x | 282.65 | +0.73% | 190.75294.53 |
| AON | Aon | 71,357 | 18.4x | 336.34 | +0.17% | 266.33382.34 |
| WTW | Willis Towers Watson | 30,696 | 20.4x | 332.87 | +1.79% | 240.61351.51 |
| BRO | Brown & Brown | 23,845 | 22.8x | 71.89 | +1.25% | 53.8182.58 |
| ERIE | Erie Indemnity | 14,228 | 24.7x | 272.09 | +0.58% | 204.63301.61 |
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