Marsh McLennan
Financial Performance
Marsh McLennan Revenue & Financials
Revenue
$24.1B (FY2024)
Market Cap
$110B
Net Income
$4B
Employees
85,000
What is Marsh McLennan's revenue?
Marsh McLennan had $24.1B in revenue for fiscal year 2024, up 6% from 2023. Net income was $4B.
- Latest revenue
- $24.1B (FY2024)
- Year-over-year
- +6%
- Growth rate (CAGR)
- 7.2% over 9 years
- Peak revenue
- $24.1B (FY2024)
- Years of data
- 10
- Employees
- 85,000
- How much profit does Marsh McLennan make?
- Marsh McLennan reported net income of $4B for fiscal year 2024.
- How many employees does Marsh McLennan have?
- Marsh McLennan has about 85,000 employees.
Financial Analysis
Marsh McLennan's financial architecture is celebrated for its compounding resilience across economic and inflationary cycles. In fiscal year 2024, the company generated $24.10 billion in revenue and $4.05 billion in net income, representing consistent 7% underlying organic revenue growth and operating margins of 26.2%. Because its brokerage commissions are tied to total insurance premiums, Marsh McLennan directly benefits from 'hardening' commercial insurance markets—when commercial insurance rates surge due to inflation or climate disasters, Marsh's commission revenue rises automatically without any increase in operational cost. The firm produces over $4.2 billion in annual operating cash flow, funding unbroken annual dividend growth for 15 consecutive years and multi-billion-dollar strategic acquisitions like the $7.75 billion buyout of McGriff Insurance Services.
Revenue Trend Analysis
YoY Change
+6%
9-Year CAGR
+7.2%
Peak Year
2024
Trend
Consistent Growth
Marsh McLennan has 10 full fiscal year figures on this page, compounding at +7.2% annually over 9 years. The most recent year saw a 6% increase versus the prior year. Annual revenue peaked in fiscal year 2024 at $24.1B. Of 9 comparable year-over-year steps, 9 showed growth and 0 showed a decline.
Annual revenue history
| Fiscal Year | Revenue | Net Income | YoY Change |
|---|---|---|---|
| FY2024 | $24.1B | $4B | +6.0% |
| FY2023 | $22.7B | $3.8B | +9.8% |
| FY2022 | $20.7B | $3.1B | +4.5% |
| FY2021 | $19.8B | $3.1B | +15.1% |
| FY2020 | $17.2B | $2B | +3.4% |
| FY2019 | $16.7B | $1.7B | +11.4% |
| FY2018 | $14.9B | $1.7B | +6.6% |
| FY2017 | $14B | $1.5B | +6.2% |
| FY2016 | $13.2B | $1.8B | +2.5% |
| FY2015 | $12.9B | $1.6B | — |
Click any row to see year details.
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Marsh McLennan Revenue and Financial FAQ
What was Marsh McLennan's revenue in 2024?
Marsh McLennan reported total revenue of $24.10 billion for fiscal year 2024, representing a 6% increase over $22.74 billion reported in fiscal year 2023.
How profitable is Marsh McLennan?
Marsh McLennan is highly profitable, generating $4.05 billion in GAAP net income in FY2024 with operating margins exceeding 26%.
Does Marsh McLennan pay a regular dividend?
Yes, Marsh McLennan pays a quarterly dividend and has raised its annual cash dividend payment for more than 15 consecutive years.
How does commercial insurance rate hardening affect Marsh McLennan's revenue?
When commercial property and casualty premium rates rise across the insurance industry, Marsh McLennan's brokerage commissions increase proportionally without any corresponding increase in operational expenses, driving operating margin expansion.
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Using these figures? Please credit CorpDigest with a link.
CorpDigest. "Marsh McLennan Revenue & Financials." CorpDigest, https://corpdigest.com/company/marsh-mclennan/financials.<div style="font-family:system-ui,sans-serif;font-size:14px;line-height:1.5;border:1px solid #e2e8f0;border-radius:8px;padding:12px 16px;max-width:520px"><strong>Marsh McLennan reported $24.1B in revenue (FY2024).</strong><br>Source: <a href="https://corpdigest.com/company/marsh-mclennan/financials" target="_blank" rel="noopener">CorpDigest — Marsh McLennan financials</a></div>Related Financial Audits
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