Marsh & McLennan beats Q2 revenue, profit estimates helped by risk management services

Marsh & McLennan Companies

21/07/2026 12:10

    

    Overview
  
US insurance broker and consulting firm's Q2 revenue rose 6%, beating analyst expectations
Adjusted EPS for Q2 increased 9% to $2.96, beating analyst expectations
Company repurchased $750 mln in shares during the quarter

    

    Outlook
  
Company did not provide specific guidance or forecasts for future quarters or full year

    

    Result Drivers
  
CONSULTING GROWTH - Consulting revenue rose 10%, or 8% on an underlying basis, led by Marsh Management Consulting and Mercer Wealth
RISK & INSURANCE SERVICES - Modest growth in Risk & Insurance Services, with Marsh Risk underlying revenue up 4% and all regions contributing
STRONG DEMAND - CEO said results reflect strong demand for Marsh’s expertise across risk, people, strategy, and investments

    
Company press release: ID:nBw6r2HDPa

    

    Key Details
  

            Metric
          

            Beat/Miss
          

            Actual
          

            Consensus Estimate
          
Q2 Revenue
Beat
$7.40 bln
$7.28 bln (15 Analysts)
Q2 Adjusted EPS
Beat
$2.96
$2.90 (22 Analysts)
Q2 EPS
 
$2.63
 
Q2 Operating Expenses
 
$5.51 bln
 

    

    Analyst Coverage
  
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 8 "strong buy" or "buy", 16 "hold" and 1 "sell" or "strong sell"
The average consensus recommendation for the multiline insurance & brokers peer group is "hold"
Wall Street's median 12-month price target for Marsh & McLennan Companies Inc is $200.00, about 9.8% above its July 20 closing price of $182.10
The stock recently traded at 17 times the next 12-month earnings vs. a P/E of 16 three months ago

    

    Reuters Recommended Reads
  
July 20 - Five years on: How the cancelled Aon-WTW mega-merger changed the broking landscape
July 20 - W. R. Berkley second-quarter profit rises on strong underwriting
July 20 - Red Sea war insurance costs rise after Houthi blockade, sources say 

    
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)