Marsh & McLennan Companies Inc.

MRSH | NYSE

$203.96

+$3.34 (+1.66%)

Nov 2, 2026, 12:03 PM ET · Market open

Fiscal Year Period Ending	FY 2025 Dec 31, 2025	FY 2024 Dec 31, 2024	FY 2023 Dec 31, 2023	FY 2022 Dec 31, 2022	FY 2021 Dec 31, 2021	FY 2020 Dec 31, 2020
Net Income	4.23B	4.06B	3.8B	3.09B	3.17B	2.05B
Depreciation & Amortization	910M	746M	713M	719M	747M	741M
Stock-Based Compensation	394M	368M	363M	367M	348M	290M
Other Working Capital	-390M	-608M	-441M	-520M	-870M	-378M
Other Non-Cash Items	272M	203M	288M	304M	-45M	402M
Deferred Income Tax	n/a	n/a	n/a	n/a	-63M	40M
Change in Working Capital	-518M	-1.08B	-908M	-1.01B	-645M	-137M
Operating Cash Flow	5.29B	4.3B	4.26B	3.47B	3.52B	3.38B
Capital Expenditures	-291M	-316M	-416M	-470M	-406M	-348M
Cash Acquisitions	-652M	-8.45B	-993M	-453M	-775M	-570M
Purchase of Investments	-24M	-108M	-57M	-22M	406M	348M
Sales Maturities Of Investments	100M	55M	38M	86M	17M	104M
Other Investing Acitivies	22M	1M	11M	9M	-406M	-327M
Investing Cash Flow	-845M	-8.82B	-1.42B	-850M	-1.16B	-793M
Debt Repayment	-519M	6.55B	1.9B	619M	-273M	-778M
Common Stock Repurchased	-2.01B	-900M	-1.15B	-1.95B	-1.16B	n/a
Dividend Paid	-1.7B	-1.51B	-1.3B	-1.14B	-1.03B	-943M
Other Financial Acitivies	-654M	51M	-426M	1.62B	1B	664M
Financial Cash Flow	-4.63B	4.46B	-1.12B	-1.05B	-1.3B	-925M
Net Cash Flow	486M	-478M	2.05B	728M	700M	2.18B
Free Cash Flow	5B	3.99B	3.84B	3B	3.11B	3.03B
Adj. Free Cash Flow	4.61B	3.62B	3.48B	2.63B	2.76B	2.74B
Maintenance CapEx	n/a	-112.25M	-184.02M	-371.09M	-139.78M	-296.09M
Growth CapEx	-291M	-203.75M	-231.98M	-98.91M	-266.22M	-51.91M
Owner Earnings	5.29B	4.19B	4.07B	3.09B	3.38B	3.09B