Short answer
Marsh McLennan (MRSH) filed its Q1 2025 10-Q quarterly report on Apr 17, 2025 for the quarter ended Mar 31, 2025. Quarterly revenue was $7.1B (up 9.1% year over year) with net income of $1.4B.
Q1 2025 key financials · XBRL
- Revenue
- $7.1B
- +9.1% YoY
- Net income
- $1.4B
- −1.4% YoY
- Operating margin
- 28.4%
- EPS (diluted)
- $2.79
- −1.1% YoY
Source: XBRL data from the Marsh McLennan (MRSH) Q1 2025 10-Q on SEC EDGAR. USD.
Marsh McLennan Q1 2025 10-Q analysis
AI summary of MD&A and risk factor updates
Risk Factors
- New risk: Integration and retention costs of $69M and higher intangibles amortization of $41M related to McGriff acquisition in RIS segment
- Updated tax risk: OECD Pillar Two 15% global minimum tax now fully effective in 2025, treated as period cost without material current impact
- Regulatory risk: Ongoing UK tax audits disallowing interest deductions; possible $70M decrease in unrecognized tax benefits within 12 months
- Market risk: Foreign exchange impact lowered revenue growth by 2%, operating income pressured by stronger USD in Q1 2025
- Financial risk: Interest expense up $86M YoY to $245M due to higher debt and rates; $1.0B commercial paper outstanding at 4.65% average rate
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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