Short answer
Marsh McLennan (MRSH) filed its Q2 2026 10-Q quarterly report on Jul 21, 2026 for the quarter ended Jun 30, 2026. Quarterly revenue was $7.4B (up 6.2% year over year) with net income of $1.3B.
Q2 2026 key financials · XBRL
- Revenue
- $7.4B
- +6.2% YoY · −2.5% QoQ
- Net income
- $1.3B
- +4.5% YoY · +10.5% QoQ
- Operating margin
- 25.6%
- EPS (diluted)
- $2.63
- +7.8% YoY · +11.4% QoQ
Source: XBRL data from the Marsh McLennan (MRSH) Q2 2026 10-Q on SEC EDGAR. USD.
Marsh McLennan Q2 2026 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Revenue $7.404B, up 6% YoY from $6.974B; underlying growth 5%
- Operating margin 25.6% vs 26.2% YoY, with operating income $1.899B vs $1.829B
- Best performer Marsh Management Consulting: revenue $1.004B, up 15%; worst Guy Carpenter: $664M, down 2%
- Share repurchases $750M for 4.5M shares; five acquisitions totaled $181M
- Headwinds: declining insurance and reinsurance premium rates, lower interest rates, tariffs, geopolitical conflict and potential recession
Risk Factors
- Risk factors unchanged from 10-K; filing states potential material adverse effects if previously disclosed risks occur
- Share-repurchase authorization: $4.2 billion remaining at June 30, 2026
- Liquidity risk: amended and restated five-year credit agreement effective June 2, 2026
- Capital-allocation risk: 8.7 million shares repurchased for $1.5 billion during six months ended June 30, 2026
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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