Marsh McLennan MRSH
Marsh is a global leader in risk, reinsurance and capital, people and investments, and management consulting, advising clients in 130 countries. 10-K, Item 1
- Headquarters
- New York, NY
- CEO
- John Q. Doyle
- Next results
- around Jan 28, 2027
MRSH among Financials peers
Six ratios from the latest 10-K. Each corner is the share of 75 peers the company is above, not a score.
What changed
10 new risk paragraphs. 10-K filed Feb 9, 2026 against Feb 10, 2025.
Each row opens the detail with the quote and the filing. A row is a change worth reading, not a verdict.
Accounting checks
9 checks on the latest 10-K. Checks, not verdicts.
0facts worth reading about all 9 checks found nothing to note
-
Receivables +7.2% vs revenue +10.3% (-3.1 pts)
-
Same auditor in both 10-Ks: Deloitte & Touche LLP
-
No statement of substantial doubt about going concern
6 more checks with nothing to note
-
No 8-K item 4.02 in the last 2 years
-
No NT 10-K or NT 10-Q in the last 2 years
-
The same matters as last year: Liability for Errors and Omissions
-
No sentence in the 10-K concludes that controls were not effective because of a material weakness
-
No 8-K item 2.06 in the last 2 years
-
No 8-K item 1.03 in the last 2 years
In their words
10 paragraphs in Risk Factors that were not in the 10-K filed Feb 10, 2025. Quoted as filed.
-
Item 1A · new paragraph · not in the 10-K filed Feb 10, 2025 10-K, ITEM 1A
Our increasing reliance on software-as-a-service ("SaaS") cloud solutions and other cloud-based vendors to support critical business operations also exposes us to risks associated with the availability, security, and resilience of these third-party platforms. These arrangements create dependencies on the vendors’ ability to maintain…
-
Item 1A · new paragraph · not in the 10-K filed Feb 10, 2025 10-K, ITEM 1A
There is continued focus, including from governmental organizations, regulators, investors, colleagues and clients, on matters related to environmental stewardship and sustainability, strategies to foster a vibrant and inclusive culture, and responsible business practices, including government relations and public affairs initiatives.…
-
Item 1A · new paragraph · not in the 10-K filed Feb 10, 2025 10-K, ITEM 1A
Southeast Asia, in which we operate or are investing additional capabilities that are subject to higher potential threat of terrorist attacks or geopolitical conflicts.
-
Item 1A · new paragraph · not in the 10-K filed Feb 10, 2025 10-K, ITEM 1A
Foreign Currency Risk" in Part II, Item 7A ("Quantitative and Qualitative Disclosures about Market Risk") of this report.
New risk paragraphs, against peers
Latest 10-K of each, Financials companies closest in revenue
Paragraphs in Risk Factors with nothing like them in the company's 10-K the year before. A count of text, not of risk.
Financial performance
Last 4 fiscal years · 10-K XBRL
| Metric | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|
| Revenue | $20.7B | $22.7B | $24.5B | $27.0B |
| Net income | $3.0B | $3.8B | $4.1B | $4.2B |
| Operating cash flow | $3.5B | $4.3B | $4.3B | $5.3B |
| Free cash flow | $3.0B | $3.8B | $4.0B | $5.0B |
Revenue, FY2016 to FY2025
Ten fiscal years, each from its own 10-K · XBRL · USD
$27.0B ▲ 10.3% in FY2025$4.2B ▲ 2.5% in FY2025$5.0B ▲ 25.5% in FY2025
Recent filings
3 filings in the last 30 days · SEC EDGAR
-
8-KOct 27, 2026Other events 8-K item 8.01
-
8-KOct 15, 2026Quarterly results 8-K item 2.02
-
10-QOct 15, 2026Quarterly report (10-Q) period ended Sep 30, 2026
About the company
Marsh McLennan, New York, NY · from the 10-K filed Feb 9, 2026
Marsh is a global leader in risk, reinsurance and capital, people and investments, and management consulting, advising clients in 130 countries. With an annual revenue of $27 billion and more than 95,000 colleagues, Marsh helps build the confidence to thrive through the power of perspective. • Risk and Insurance Services: risk management activities and insurance/reinsurance broking and services conducted through Marsh Risk and Guy Carpenter.
- Headquarters
- New York, NY
- Country
- United States
- Reports in
- USD
- Listed on
- NYSE
- Fiscal year ends
- December 31
- Last results
- Oct 15, 2026
- Incorporated in
- DE
Email alerts
Sources
The 10-K filed Feb 9, 2026 (open at SEC), compared with the 10-K filed Feb 10, 2025. Numbers from the XBRL of the 10-Ks; filings from SEC EDGAR.
Work with it: Excel workbook · CSV. Google Sheet that stays up to date: paste =IMPORTDATA("https://tickdelta.com/company/MRSH/export.csv") into a cell.