PerpEquities

Equity · Financial services

Marsh & McLennan Companies, Inc. (MRSH) perpetual futures

MRSH perpetual futures on 2 crypto exchanges – live perp price vs the stock, funding rate, open interest and where to trade MRSHUSDT.

Marsh & McLennan provides risk management, insurance brokerage, reinsurance, and consulting services through brands like Marsh, Guy Carpenter, Mercer, and Oliver Wyman.

$210.14-0.5%NYSE closed
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venue perp mark · BingX (MRSH-USDT)
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Trading data

Perpetual market activity

2/2 live markets
Venues
2
Live markets
2/2
24h volume
$331.7K
Open interest
$158K
Best liquidity
$0
BingX
Tightest spread
+462.1 bps
MEXC
Highest volume
$226.5K
BingX
Settlement mix
USDT · 2/2
Perp/spot vol.
0.00x
Spot volume $658.3M
OI / float
0.00%
Float $99.8B
Spot performance
1D-0.45%
5D+3.70%
1M+22.88%
6M+25.20%
YTD+12.89%
1Y+17.39%

Venue matrix

2 markets

Some venue links are sponsored. We may receive a commission, and eligible users may occasionally receive trading-fee discounts, at no additional cost to you.

Trade
BingXTradeMRSH-USDTTrading$210.14+21.9% APR
+0.020% every 8h
+473.9 bps$0$226.5K$2KUSDT-
MEXCTradeMRSH/USDTTrading$209.55+21.9% APR
+0.020% every 8h
+462.1 bps$0$105.2K$156KUSDT20x

Tradability

Execution quality

Entry cost and depth per venue at $1k–$100k

No sufficient depth · 0 of 2 venues absorb $10k

No fresh book data: BingX, MEXC

Taker execution estimate incl. approx. fees - maker fills are not guaranteed.

Best venues for this underlying

Best liquidity

MRSH

Tightest spread

MRSH

Highest volume

MRSH

Funding history

Stored venue snapshots by market

Company financials

Financials at a glance

Last report Q3 '26 · filed 2026-10-15 · next report 2027-01-28 · Updated 444h ago
All financials →

Valuation & key figures

Market cap
$89.9B
Updated 444h ago
Revenue
$28.5B
Trailing 12 months
Revenue growth
+6%
Next fiscal year
Profit margin
+14.2%
P/E
22.4
Peer P/E 16.4
P/S
3.2
Peer P/E
16.4
Similar listed perps
Free cash flow
$4.2B
Trailing 12 months
Net income
$4B
Trailing 12 months
Revenue estimate
$28.7B
Next fiscal year
Earnings
2027-02-04
Revenue est. $6.9B · Updated 444h ago
Dividend
$0.99
2026-10-01
Revenue (TTM)$28.5B+7.6% vs a year agoLast 4 quarters; bars = each quarter
Operating margin (TTM)21.4%-1.8 pp vs a year agoOperating income $6.09B
Net income (TTM)$4.04B-2.1% vs a year agoAfter tax, incl. non-operating gains
Free cash flow (TTM)$4.15B-13.9% vs a year agoCapex $320M
Diluted EPS (TTM)$8.36+0.2% vs a year agoSum of the last 4 quarters
Net cash-$20.5B-8.3% vs a year agoCash + short-term investments - debt
  • Last report (2026-10-15): revenue beat by 3.3%, EPS beat by 3.0%Revenue $6.86B vs $6.64B expected (+3.3%); EPS $2.03 vs $1.97 (+3.0%).
  • Revenue growth steady: 8.1% year on yearQ3 '26 revenue $6.86B, against an average of 8.5% over the four quarters before.
  • Operating margin 21.4% (TTM), -1.8 pp on a year agoOperating income grew -1.0% while revenue grew 7.6%.
  • 13.3% of pre-tax profit is eaten by non-operating lossesPre-tax income $5.37B vs operating income $6.09B (TTM). Losses on equity stakes and other one-off items cut net income and EPS - operating income is the cleaner measure of the business.

Revenue, operating income and growth

quarterly

Revenue by business line

latest quarter
LineRevenuey/yShare
Risk and Insurance Services–––
Risk and Insurance Services Segment$4.2B–61.0%
Risk And Insurance Services Segment–––
Consulting Segment$2.69B+8.9%39.0%
Consulting–––
Corporate/Eliminations–––
In the full financialsIncome statement, balance sheet and cash flow (12 quarters / 10 years) · margins and cost structure · capital allocation and buybacks · valuation against the 5-year range · analyst estimates · all 290 lines Marsh & McLennan Companies, Inc. reported to the SEC

Next catalyst

Catalysts

Earnings
2027-02-04
Revenue est. $6.9B · Updated 444h ago
Dividend
$0.99
2026-10-01

No unusual perp activity right now.

Research data

Analysts, filings and peer context

Estimates

6
DateEPS estimateRevenue estimateGrowthAnalysts
FY 202610.47$28.7B+6%14
FY 202711.45$30.1B+12%15
FY 202812.57$31.7B+18%5
Q1 20273.58$8B+5%13
Q2 20273.22$7.8B+5%5
Q3 20272.22$7.1B+4%5

Company events

6
2027-02-04EarningsActual - / Estimate 2.2-
2026-10-15Earnings · Before market openActual 2.03 / Estimate 1.97Beat
2026-10-01Dividend$0.99-
2026-07-23Dividend$0.99-
2026-07-21EarningsActual 2.96 / Estimate 2.9Beat
2026-04-16EarningsActual 3.29 / Estimate 3.22Beat

Peer comparison

Similar listed perps

Company data

Company intelligence

Updated: Nov 2, 2026, 03:30 PM UTC

Company profile

Sector
Financial Services
Industry
Insurance - Brokers
Chief executive
John Q. Doyle
Employees
95,000
IPO date
Dec 30, 1987
Country
US
Exchange
New York Stock Exchange
Website
Altman Z-scorei2.76
Piotroski scorei7/9
Overall ratingiB+
Owner earningsi$1.46B$3.04 per share
ESG risk ratingiB-Industry rank: 23 out of 27

Rating factors

Return on equityi
5
Return on assetsi
5
Debt to equityi
2
Price to earningsi
2
Price to booki
1
Market cap history
$95.50B+4.0%Aug 26 – Oct 26
$80.46B$87.98B$95.50BLow: $80.46B · 2026-09-28Latest: $95.50B · 2026-10-30Aug 26Sep 26Oct 26
Latest: $95.50B · 2026-10-30High: $95.50B · 2026-10-30Low: $80.46B · 2026-09-28
Largest fund holders
FundWeightShares held
VTI0.11%15.2M
VOO0.12%12.5M
IVV0.15%6.4M
XSP.TO0.14%6.4M
SPY0.14%5.8M
FXAIX0.12%5.3M
VTV0.31%4.5M
VEIPX0.94%3.6M
XLF1.17%3.2M
VIG0.36%2.7M
VIIIX0.12%2.5M
VWNAX0.51%2M

Analyst track record

How the analysts covering MRSH have done: ratings, price-target accuracy and the measured reaction after their calls.

12 months3 years
Ratings120279
Analysts2027
Buy / hold / sell38 / 75 / 769 / 183 / 27
Upgrades / downgrades / initiations5 / 2 / 39 / 7 / 9
Price targets hit / missed87 / 26 (77%)117 / 150 (44%)
Avg. return after a rating (TipRanks)+4.1%-1.6%
Best / worst call+20.4% / -14.5%+20.4% / -23.0%

After buy calls on this stock: median 21-day move +1.1% vs S&P 500 -1.1% (n = 68)

Most accurate on this stock

Share of an analyst's price targets on this stock that the price reached within 12 months (our measurement over the last 3 years, at least 8 targets). It describes past calls, not the odds of the current one.

  1. Meyer ShieldsKBW79% hit rate on this stock · 14 targets measuredHoldtarget $201Oct 17, 2026

Latest ratings

DateAnalystCallTarget
Nov 3, 2026Michael ZaremskiBMO CapitalBuyUpgraded$230
Nov 3, 2026Michael ZaremskiBMO CapitalBuyUpgraded$230
Oct 27, 2026David MotemadenEvercore ISIBuyMaintained$224
Oct 27, 2026David MotemadenEvercore ISIBuyMaintained$224
Oct 26, 2026Harry FongRoth MKMHoldMaintained$200
Consensus over the last 12 months buy hold sell avg. target month-end close
Monthly buy, hold and sell shares of analyst ratings with the average price target and the month-end close$160$170$180$190$200$210Dec 25 · Buy 7 · Hold 13 · Sell 1Dec 25Jan 26 · Buy 7 · Hold 12 · Sell 1Feb 26 · Buy 6 · Hold 13 · Sell 1Feb 26Mar 26 · Buy 6 · Hold 12 · Sell 1Apr 26 · Buy 7 · Hold 12 · Sell 1Apr 26May 26 · Buy 9 · Hold 9 · Sell 1Jun 26 · Buy 9 · Hold 9 · Sell 1Jun 26Jul 26 · Buy 7 · Hold 11 · Sell 1Aug 26 · Buy 6 · Hold 11 · Sell 1Aug 26Sep 26 · Buy 6 · Hold 11 · Sell 1Oct 26 · Buy 6 · Hold 11 · Sell 1Oct 26Nov 26 · Buy 6 · Hold 11 · Sell 1Dec 25 · avg. target $213Jan 26 · avg. target $209Feb 26 · avg. target $207Mar 26 · avg. target $207Apr 26 · avg. target $205May 26 · avg. target $205Jun 26 · avg. target $203Jul 26 · avg. target $203Aug 26 · avg. target $204Sep 26 · avg. target $203Oct 26 · avg. target $203Nov 26 · avg. target $203Dec 25 · month-end close $186Jan 26 · month-end close $188Feb 26 · month-end close $187Mar 26 · month-end close $173Apr 26 · month-end close $168May 26 · month-end close $160Jun 26 · month-end close $167Jul 26 · month-end close $190Aug 26 · month-end close $190Sep 26 · month-end close $171Oct 26 · month-end close $201Nov 26 · month-end close $201

Share of analysts per call each month (latest call per analyst within 180 days). Targets and closes in USD.

TipRanks data · computed Nov 6, 2026 · 120 ratings

Frequently asked questions

Where can I trade MRSH perpetual futures?

Marsh & McLennan Companies, Inc. (MRSH) perpetual futures trade on 2 crypto venues, including BingX, MEXC. PerpEquities compares them by live price, funding rate, open interest and liquidity.

Can I trade MRSH around the clock?

Yes. Unlike the underlying stock, MRSH perpetuals trade 24/7 — including weekends and outside regular market hours.

What is the funding rate on MRSH perpetuals?

Right now the MRSH perp funding rate is +21.9% annualized (venue median), ranging from +21.9% to +21.9% across 2 venues. A positive rate means longs pay shorts. PerpEquities shows the live rate and its history for every venue.

How does the MRSH perp price compare to the Marsh & McLennan Companies, Inc. stock?

The venue-median MRSH perp mark is $209.8 versus a reference stock price of $210.1, a basis of -0.1%. Perps follow the stock through an index price; the gap widens when funding or liquidity diverge between venues.

What is a MRSH perpetual future?

A MRSH perpetual is a derivative that tracks the price of Marsh & McLennan Companies, Inc. with no expiry date. It lets you take long or short exposure to Marsh & McLennan Companies, Inc. on crypto venues, around the clock.

What is MRSHUSDT perpetual?

MRSHUSDT is the symbol most crypto exchanges use for the Marsh & McLennan Companies, Inc. perpetual settled in USDT (Tether). It tracks the MRSH share price through an index, trades 24/7 with leverage and never expires.

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