MRSHMarsh McLennan

Financials · Insurance Brokers · NYSE

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

Compare with peers → Embed

RevenueFY2016–25 $27.0B+10.3% Highest in 10 years 10-K FY2025 · XBRL Net incomeFY2016–25 $4.2B+2.5% Highest in 10 years 10-K FY2025 · XBRL Free cash flowFY2016–25 $5.0B+25.5% Highest in 10 years 10-K FY2025 · XBRL Operating marginFY2016–25 23.1%−0.7 pts 18.4% in FY2016 10-K FY2025 · XBRL

What changed

10-K filed Feb 9, 2026 against Feb 10, 2025

Area	What changed	Source
Risk factors	10 new paragraphs, nothing like them in the previous 10-K	10-K Item 1A
Accounting checks	9 other checks clear	10-K · XBRL
Insiders	No open-market buys in the last 90 days	Form 4
Filings	3 in the last 30 days	EDGAR

Each row opens the detail with the quote and the filing. A row is a change worth reading, not a verdict.

What's new, in their words

10-K filed Feb 9, 2026

Paragraphs in Risk Factors that were not in the 10-K filed 2025-02-10. Quoted as filed.

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…
10-K, Item 1A

All 10 new paragraphs →

Accounting checks

latest 10-K

9 of 9 clear 0 worth a look. Checks, not verdicts.

✓
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
✓
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

How each check works, with sources →

In the last 30 days

All filings →

Oct 27, 20268-K Other events 8-K item 8.01
Oct 15, 20268-K Quarterly results 8-K item 2.02
Oct 15, 202610-Q Quarterly report (10-Q) period ended Sep 30, 2026

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Work on MRSH in a spreadsheet: Excel workbook (a sheet per section, ten years by column, charts, links to the filings) · CSV. For a Google Sheet that stays up to date, paste =IMPORTDATA("https://tickdelta.com/company/MRSH/export.csv") into a cell.