← MARSH & MCLENNAN COMPANIES, INC.
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | $13.2b |
$14.0b
+6.15%
|
$14.9b
+6.60%
|
$16.7b
+11.38%
|
$17.2b
+3.44%
|
$19.8b
+15.07%
|
$20.7b
+4.54%
|
$22.7b
+9.73%
|
$24.5b
+7.57%
|
$27.0b
+10.32%
|
$27.9b
+3.58%
|
|
| Labor and Related Expense | $7.5b | $8.1b | $8.6b | $9.7b | $10.1b | $11.4b | $12.1b | $13.1b | $14.0b | $15.6b | — | |
| Amortization of Intangible Assets | $130.0m | $169.0m | $183.0m | $314.0m | $351.0m | $365.0m | $338.0m | $343.0m | $377.0m | $549.0m | — | |
| Restructuring and Related Cost, Incurred Cost | — | — | — | — | — | — | — | — | — | $150.0m | — | |
| Operating Expenses | $10.5b | $11.4b | $12.2b | $14.0b | $14.2b | $15.5b | $16.4b | $17.5b | $18.6b | $20.8b | $21.9b | |
| Other operating expenses | $3.1b | $3.3b | $3.6b | $4.2b | $4.0b | $4.1b | $4.4b | $4.4b | $4.6b | $5.2b | — | |
| Operating Income (Loss) | $2.7b |
$2.7b
-0.34%
|
$2.8b
+3.99%
|
$2.7b
-3.04%
|
$3.1b
+14.53%
|
$4.3b
+40.64%
|
$4.3b
-0.74%
|
$5.3b
+23.41%
|
$5.8b
+10.13%
|
$6.2b
+6.98%
|
$6.0b
-2.91%
|
|
| Interest Expense | $189.0m | $237.0m | $290.0m | $524.0m | $515.0m | $444.0m | $469.0m | $578.0m | $700.0m | $960.0m | $962.0m | |
| Interest income | $5.0m | $9.0m | $11.0m | $39.0m | $7.0m | $2.0m | $15.0m | $78.0m | $83.0m | $48.0m | $43.0m | |
| Investment Income, Interest | $5.0m | $9.0m | $11.0m | $39.0m | $7.0m | $2.0m | $15.0m | $78.0m | $83.0m | $48.0m | — | |
| Investment income | $1.0m | $15.0m | ($12.0m) | $22.0m | ($22.0m) | $61.0m | $21.0m | $5.0m | $12.0m | $34.0m | — | |
| Debt and Equity Securities, Realized Gain (Loss) | — | — | $17.0m | — | — | — | — | — | — | — | — | |
| Equity Securities, FV-NI, Realized Gain (Loss) | — | — | — | — | ($27.0m) | $5.0m | $11.0m | — | — | — | — | |
| Gain (Loss) on Investments | $0 | $15.0m | ($12.0m) | $22.0m | ($22.0m) | $61.0m | $21.0m | $5.0m | $12.0m | $34.0m | — | |
| Income (Loss) from Equity Method Investments | — | — | — | $12.0m | — | — | — | — | — | — | — | |
| Income (Loss) from Continuing Operations before Income Taxes, Domestic | $725.0m | $819.0m | $460.0m | $657.0m | $1.1b | $1.6b | $1.5b | $1.8b | $1.9b | $2.0b | $5.3b | |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest | $2.5b | $2.6b | $2.2b | $2.4b | $2.8b | $4.2b | $4.1b | $5.0b | $5.5b | $5.5b | $5.3b | |
| Current Income Tax Expense (Benefit) | $617.0m | $737.0m | $613.0m | $582.0m | $707.0m | $1.1b | $1.0b | $1.3b | $1.2b | $1.2b | $1.3b | |
| Income Tax Expense (Benefit) | $685.0m | $1.1b | $574.0m | $666.0m | $747.0m | $1.0b | $995.0m | $1.2b | $1.4b | $1.3b | $1.3b | |
| Less: Net income attributable to non-controlling interests | $27.0m | $20.0m | $20.0m | $31.0m | $30.0m | $31.0m | $37.0m | $46.0m | $57.0m | $74.0m | — | |
| Net income before non-controlling interests | $1.8b | $1.5b | $1.7b | $1.8b | $2.0b | $3.2b | $3.1b | $3.8b | $4.1b | $4.2b | — | |
| Net Income (Loss) Attributable to Parent | $1.8b |
$1.5b
-15.61%
|
$1.6b
+10.59%
|
$1.7b
+5.58%
|
$2.0b
+15.73%
|
$3.1b
+55.90%
|
$3.0b
-2.96%
|
$3.8b
+23.15%
|
$4.1b
+8.09%
|
$4.2b
+2.46%
|
$4.0b
-4.33%
|
|
| Earnings Per Share, Basic | $3.41 | $2.91 | $3.26 | $3.44 | $3.98 | $6.20 | $6.11 | $7.60 | $8.26 | $8.48 | $8.21 | |
| Earnings Per Share, Diluted | $3.38 | $2.87 | $3.23 | $3.41 | $3.94 | $6.13 | $6.04 | $7.53 | $8.18 | $8.43 | $8.19 | |
| Income (Loss) from Continuing Operations, Per Basic Share | $3 | $3 | $3 | $3 | $4 | $6 | $6 | $8 | $8 | $8 | — | |
| Income (Loss) from Continuing Operations, Per Diluted Share | $3 | $3 | $3 | $3 | $4 | $6 | $6 | $8 | $8 | $8 | — | |
| Common Stock, Dividends, Per Share, Declared | $3.41 | $2.91 | $3.26 | $3.44 | $3.98 | $6.20 | $6.11 | $7.60 | $3.05 | $3.43 | — | |
| Basic (in shares) | $519.0m | $513.0m | $506.0m | $506.0m | $506.0m | $507.0m | $499.0m | $494.0m | $492.0m | $491.0m | $486.0m | |
| Diluted (in shares) | $524.0m | $519.0m | $511.0m | $511.0m | $512.0m | $513.0m | $505.0m | $499.0m | $496.0m | $494.0m | $488.5m | |
| Shares outstanding (in shares) | 514.0m | 509.0m | 504.0m | 504.0m | 508.0m | 504.0m | 495.0m | 492.0m | 491.0m | 485.0m | — | |
| Weighted Average Number of Shares Outstanding, Basic | 519.0m | 513.0m | 506.0m | 506.0m | 506.0m | 507.0m | 499.0m | 494.0m | 492.0m | 491.0m | 486.0m | |
| Weighted Average Number of Shares Outstanding, Diluted | 524.0m | 519.0m | 511.0m | 511.0m | 512.0m | 513.0m | 505.0m | 499.0m | 496.0m | 494.0m | 488.5m | |
| Additional Financial Items | ||||||||||||
| Business Combination, Acquisition Related Costs | $14.0m | $3.0m | $7.0m | — | $3.0m | $5.0m | $24.0m | $45.0m | $119.0m | $282.0m | — | |
| Compensation and benefits | $7.5b | $7.9b | $8.6b | $9.7b | $10.1b | $11.4b | $12.1b | $13.1b | $14.0b | $15.6b | — | |
| Other Cost and Expense, Operating | $3.1b | $3.3b | $3.6b | $4.2b | $4.0b | $4.1b | $4.4b | $4.4b | $4.6b | $5.2b | — | |
| Other net benefits credits | $233.0m | $201.0m | $215.0m | $265.0m | $257.0m | $277.0m | $235.0m | $239.0m | $268.0m | $194.0m | — | |
| Discontinued Operation, Income (Loss) from Discontinued Operation During Phase-out Period, Net of Tax | $0 | — | — | — | — | — | — | — | — | — | — | |
| Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent | $1.8b | $1.5b | $1.6b | $1.7b | — | — | — | — | — | — | — | |
| Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | $1.8b | $1.5b | $1.7b | $1.8b | $30.0m | $31.0m | $37.0m | $46.0m | $57.0m | $74.0m | — | |
| Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent | $0 | — | — | — | — | — | — | — | — | — | — | |
| Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | $0 | $2.0m | $0 | $0 | — | — | — | — | — | — | — |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.