Marsh & McLennan Companies Inc.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $26.98B | $24.46B | $22.74B | $20.72B | $19.82B | $17.22B | $16.65B | $14.95B |
| Service | — | — | — | — | — | — | — | — |
| Product | — | — | — | — | — | — | — | — |
| Cost of Revenue | — | — | — | — | — | — | — | — |
| Gross Profit | — | — | — | — | — | — | — | — |
| Gross Margin | — | — | — | — | — | — | — | — |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | — | — | — | — | — | — | — | — |
| Operating Income | $6.22B | $5.82B | $5.28B | $4.28B | $4.31B | $3.07B | $2.68B | $2.76B |
| Operating Margin | 23.1% | 23.8% | 23.2% | 20.7% | 21.8% | 17.8% | 16.1% | 18.5% |
| Interest Expense | — | — | $578.0M | $469.0M | $444.0M | $515.0M | $524.0M | $290.0M |
| Pretax Income | $5.54B | $5.48B | $5.03B | $4.08B | $4.21B | $2.79B | $2.44B | $2.24B |
| Income Tax Expense | $1.31B | $1.36B | $1.22B | $995.0M | $1.03B | $747.0M | $666.0M | $574.0M |
| Net Income | $4.16B | $4.06B | $3.76B | $3.05B | $3.14B | $2.02B | $1.74B | $1.65B |
| Net Margin | 15.4% | 16.6% | 16.5% | 14.7% | 15.9% | 11.7% | 10.5% | 11.0% |
| EPS (Basic) | $8.48 | $8.26 | $7.60 | $6.11 | $6.20 | $3.98 | $3.44 | $3.26 |
| EPS (Diluted) | $8.43 | $8.18 | $7.53 | $6.04 | $6.13 | $3.94 | $3.41 | $3.23 |
| Shares Outstanding (Basic) | 491.0M | 492.0M | 494.0M | 499.0M | 507.0M | 506.0M | 506.0M | 506.0M |
| Shares Outstanding (Diluted) | 494.0M | 496.0M | 499.0M | 505.0M | 513.0M | 512.0M | 511.0M | 511.0M |
| Dividends Per Share | $3.43 | $3.05 | $2.60 | $2.25 | — | — | — | — |