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Company Dossier · Financials

Marsh McLennan

MRSHNYSEInsurance BrokersWILMINGTON, US-DE, USLarge capWebsite ↗
  • S&P 500
  • Russell 1000

What Marsh McLennan is doing, read from its filings, its own words and the news, with every figure dated and sourced. Not investment advice: no ratings, no price targets.

Open the full company record in Palanor: guidance, KPIs, ownership, calls, prices →

The latest read

Computed from the data on Oct 22, 2026. Every figure links back to its source in the sections below.

  • Revenue over the four quarters to September 30, 2026: $28.5 billion, up 7.6% from a year earlier.SEC EDGAR filings (XBRL)
  • Free cash flow (operating cash flow minus capital expenditure) over the four quarters to September 30, 2026: $4.15 billion, down 14% from a year earlier.SEC EDGAR filings (XBRL)
  • Capital expenditure over the four quarters to September 30, 2026: $0.32 billion, up 23% from a year earlier.SEC EDGAR filings (XBRL)
  • Share buybacks in the fiscal year to December 31, 2025: $2.01 billion.SEC EDGAR filings (10-K)
  • Latest earnings call or results release (October 15, 2026): sentiment 0.60 on a −1 to +1 scale (mixed), confidence 0.70 of 1.Palanor Discourse
  • Latest annual report (filed February 9, 2026): 1 risk factor added, 0 removed.Risk Factor Changes (10-K Item 1A)
  • Insiders were net sellers in Q3 2026: $8.2 million on the open market.SEC Form 4
  • 1,508 institutional managers reported a position at June 30, 2026 (−41 on the quarter before).SEC Form 13F
  • H-1B filings certified in Q2 2026: 59 (50 a year earlier).U.S. Department of Labor (OFLC)

Company Posture

How Company Posture is measured →

What Marsh McLennan is doing, on three axes, from its filings and its own words, as of 2026-10-22. A description, not a rating: Company Posture never says whether to buy.

Steady · Mixed

Expanding ↔ Retrenching

Steady

RetrenchingExpanding

Confident ↔ Hedging

Mixed

HedgingConfident

Pressure

Components only: Not yet shown as a score: in the back-test it did not add to a naive reader's forecast of impairment, debt acceleration or bankruptcy filings (8-K 2.06, 2.04, 1.03) (not enough events (17 in half 1; needs 20)).

Credit

How these are built →

Marsh McLennan's borrowing from its SEC filings: the bonds it priced and the debt on its latest balance sheet. A description, not a rating.

Bonds priced, last 12 months

$0.6B

U.S. dollar tranches with a term sheet on EDGAR. Deals sold under Rule 144A file none and are not counted.

PricedAmountCouponMaturesSpreadYield
Oct 20, 2026€600M4.250%2032 (5y)+105bp4.263%
Oct 20, 2026€600M4.625%2036 (10y)+131bp4.722%
Feb 11, 2026$600M4.950%2036 (10y)+78bp4.952%
Oct 30, 2024$1B4.650%2030 (5y)+55bp4.697%
Oct 30, 2024$1B4.850%2031 (7y)+65bp4.863%
Oct 30, 2024$950M4.550%2027 (3y)+45bp4.591%
Oct 30, 2024$1.5B5.400%2055 (30y)+95bp5.433%
Oct 30, 2024$300MSOFR + 70bp2027 (3y)——
Oct 30, 2024$2B5.000%2035 (10y)+75bp5.022%
Oct 30, 2024$500M5.350%2044 (20y)+75bp5.351%
Feb 14, 2024$500M5.450%2054 (30y)+103bp5.476%
Feb 14, 2024$500M5.150%2034 (10y)+90bp5.169%

From the pricing term sheets Marsh McLennan filed with the SEC. Spread is to the benchmark Treasury (or Bund, Gilt) at pricing.

Charts

Live charts: each one redraws from today’s data and has an image link to paste into a document or slide.

Cash flow

Business

Marsh McLennan: free cash flow, trailing twelve months

Operating cash flow minus capital expenditure, $ billions, from SEC filings

$4.2BData 22 days ago
ImageDataU.S. Securities and Exchange Commission, EDGAR
Business

Marsh McLennan: operating cash flow and capital expenditure

Trailing twelve months, $ billions, from SEC filings

Data 22 days ago
ImageDataU.S. Securities and Exchange Commission, EDGAR
Business

Marsh McLennan: revenue, trailing twelve months

$ billions, from SEC filings

$28.5BData 22 days ago
ImageDataU.S. Securities and Exchange Commission, EDGAR

Capital returned and raised

Business

Marsh McLennan: share buybacks by fiscal year

Cash paid to repurchase common stock, $ billions, from the 10-K

$2.0BData to Dec 2025
ImageDataU.S. Securities and Exchange Commission, EDGAR
Business

Marsh McLennan: debt issued and repaid by fiscal year

Long-term debt, $ billions, from the 10-K

Data to Dec 2025
ImageDataU.S. Securities and Exchange Commission, EDGAR
Business

Marsh McLennan: debt maturity schedule, latest annual report

Scheduled repayments of long-term debt principal by year from the fiscal year end, $ billions, from the 10-K

Data to Dec 2025
ImageDataU.S. Securities and Exchange Commission, EDGAR
Business

Marsh McLennan: debt due within a year and cash

At each balance-sheet date, $ billions, from SEC filings

Data 22 days ago
ImageDataU.S. Securities and Exchange Commission, EDGAR
Business

Marsh McLennan: interest coverage

Operating income ÷ interest expense, trailing twelve months, from SEC filings

6.3Data 22 days ago
ImageDataU.S. Securities and Exchange Commission, EDGAR

What the company says

Business

Marsh McLennan: earnings call sentiment

Palanor Discourse score per call, −1 to +1

0.60Data 7 days ago
ImageDataPalanor calculation
Business

Marsh McLennan: earnings call confidence

Palanor Discourse score per call, 0 to 1

0.70Data 7 days ago
ImageDataPalanor calculation
Business

Marsh McLennan: risk factors added per annual report

New Item 1A risk factors in each 10-K

1.0Data to Feb 2026
ImageDataU.S. Securities and Exchange Commission, EDGAR

Hiring and ownership

Business

Marsh McLennan: H-1B filings certified

Labor Condition Applications by quarter received

59.0Data to Jun 2026
ImageDataU.S. Department of Labor, Office of Foreign Labor Certification disclosure data, dol.gov
Business

Marsh McLennan: insider net buying

Open-market purchases minus sales by officers and directors, $ millions, by quarter

−$8.2MData 22 days ago
ImageDataU.S. Securities and Exchange Commission, EDGAR
Business

Marsh McLennan: institutional holders

Managers reporting a position on Form 13F, by quarter

1,508Data to Jun 2026
ImageDataU.S. Securities and Exchange Commission, EDGAR

In the news

Headlines that name Marsh McLennan, with the publisher and a link. The tone is read from each headline’s own words, never from a summary of the article.

30 days
1 headlines
0% positive · 0% negative
90 days
1 headlines
0% positive · 0% negative

Filings and records

The last two years of notable 8-Ks, offerings, annual reports, federal awards, lobbying reports, patents and other public records, newest first.

  1. Oct 20, 2026Lobbying
    Lobbying report (THE VOGEL GROUP)third_quarter 2026 · $0.1 million
  2. Oct 20, 2026Lobbying
    Lobbying report (FEDERAL HALL POLICY ADVISORS, LLC)third_quarter 2026 · $0.0 million
  3. Oct 20, 2026Lobbying
    Lobbying report (MARSH & MCLENNAN COMPANIES, INC.)third_quarter 2026 · $0.5 million
  4. Oct 19, 2026Lobbying
    Lobbying report (ERNST & YOUNG LLP (WASHINGTON COUNCIL ERNST & YOUNG))third_quarter 2026
  5. Oct 19, 2026Lobbying
    Lobbying report (CROSSROADS STRATEGIES, LLC)third_quarter 2026 · $0.1 million
  6. Oct 5, 2026Trademark
    Trademark application: CONTRACTPLACE BY MARSH RE
  7. Oct 5, 2026Trademark
    Trademark application: CAT STUDIO BY MARSH RE
  8. Oct 5, 2026Trademark
    Trademark application: GCAT
  9. Oct 5, 2026Trademark
    Trademark application: MOSAIC BY MARSH RE
  10. Oct 5, 2026Trademark
    Trademark application: VISTA BY MARSH RE
  11. Aug 25, 2026Lobbying
    Lobbying report (FEDERAL HALL POLICY ADVISORS, LLC)second_quarter 2025 · $0.0 million
  12. Jul 20, 2026Lobbying
    Lobbying report (FEDERAL HALL POLICY ADVISORS, LLC)second_quarter 2026 · $0.0 million
  13. Jul 20, 2026Lobbying
    Lobbying report (ERNST & YOUNG LLP (WASHINGTON COUNCIL ERNST & YOUNG))second_quarter 2026
  14. Jun 4, 20268-K
    Material agreement signedItem 1.01
  15. Jun 4, 20268-K
    Material agreement terminatedItem 1.02
  16. May 22, 20268-K
    Shareholder vote resultsItem 5.07
  17. Apr 14, 20268-K
    Director or officer changeItem 5.02
  18. Mar 10, 20268-K
    Director or officer changeItem 5.02
  19. Feb 25, 20268-K
    Director or officer changeItem 5.02
  20. Feb 10, 2026Patent
    Patent granted: SYSTEMS AND METHODS FOR AIRCRAFT MANAGEMENTUS 12545429
  21. Feb 9, 202610-K
    Annual report (10-K)1 risk factors added, 0 removed
  22. Jul 9, 20258-K
    Director or officer changeItem 5.02
  23. May 19, 20258-K
    Shareholder vote resultsItem 5.07
  24. Feb 10, 202510-K
    Annual report (10-K)1 risk factors added, 0 removed
  25. Nov 15, 20248-K
    Material agreement terminatedItem 1.02
  26. Nov 15, 20248-K
    Acquisition or sale completedItem 2.01
  27. Feb 12, 202410-K
    Annual report (10-K)0 risk factors added, 0 removed
  28. Nov 7, 2023Patent
    Patent granted: SYSTEMS AND METHODS FOR AIRCRAFT MANAGEMENTUS 11807389

Peers

Companies in the same industry in the S&P 500, Russell 1000 or MidCap 400, closest in revenue first. Trailing twelve months, from SEC filings.

CompanyRevenueFree cash flowThrough
Aon plc AON$17.6B$3.3BJun 30, 2026
Arthur J. Gallagher & Co. AJG$15.8B—Jun 30, 2026
Willis Towers Watson WTW$9.9B$1.7BJun 30, 2026
Brown & Brown BRO$6.8B$1.4BJun 30, 2026
Erie Indemnity ERIE$4.1B$0.6BJun 30, 2026
BlackRock Inc. BLK$27.3B$3.5BJun 30, 2026
U.S. Bancorp USB$29.7B—Jun 30, 2026
American International Group AIG$26.6B—Jun 30, 2026

Identity

SEC CIK
62709
LEI
549300XMP3KDCKJXIU47
Wikidata
Q1786345
SAM UEI
M4KKANLT3XA8
SAM UEI
KWBKB1XAX2M5

Built from SEC EDGAR filings (public domain), the Guidance and KPI Ledgers, Palanor Discourse, U.S. Department of Labor filings, USPTO, USAspending and Senate lobbying records, and rights-checked news headlines. Updated nightly; this page was built Oct 22, 2026. How the Dossier is built

S&P 500, S&P 100, S&P MidCap 400 and Dow Jones Industrial Average are trademarks of S&P Dow Jones Indices LLC or its affiliates; Nasdaq-100 is a trademark of Nasdaq, Inc.; Russell 1000 is a trademark of FTSE Russell. Membership is shown for identification only. Palanor is not affiliated with or endorsed by the index owners.

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