Marsh McLennan (MRSH) Q1 2025 10-Q Quarterly Report
Marsh McLennan (MRSH) 10-Q quarterly report for Q1 2025, filed with SEC EDGAR on Apr 17, 2025 for the fiscal period ending Mar 31, 2025. This page provides AI-powered analysis including management discussion & analysis (MD&A), risk factor updates, and key quarterly financial data such as revenue and net income extracted from XBRL.
Marsh McLennan Q1 2025 10-Q Analysis
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
Marsh McLennan Q1 2025 Quarterly FinancialsXBRL
Revenue
$7.1B
▲ +9.1% YoY
Net Income
$1.4B
▼ -1.4% YoY
Net Margin
19.6%
▼ -207bp YoY
Source: XBRL data from Marsh McLennan Q1 2025 10-Q filing on SEC EDGAR. All figures in USD.
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