Marsh & McLennan Companies, Inc. (MRSH) balance sheet
NYSE · Financial Services · Insurance - Brokers · 95,000 employees · CEO John Q. Doyle
- Price
- $200.62 +1.82%
- Market cap
- $95.7B
- Enterprise value
- $116B
- Last report
- Q3 '26 filed 2026-10-15
- Next report
- 2027-01-28 EPS est. $2.20
At the end of Q3 '26 Marsh & McLennan Companies, Inc. (MRSH) held $1.84B in cash and short-term investments against $22.3B of debt incl. leases. Total assets $59.8B, total liabilities $44.9B, shareholders' equity $14.7B.
Balance sheet
| Balance sheet | Trend | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | Q3 '26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||||||
| Cash & equivalents | $3.36B | $1.45B | $1.65B | $1.8B | $2.4B | $1.6B | $1.68B | $2.51B | $2.69B | $1.61B | $1.7B | $1.84B | |
| Receivables | $6.42B | $7.22B | $7.74B | $7.42B | $7.16B | $7.87B | $8.46B | $7.91B | $7.67B | $8.43B | $8.94B | $8.55B | |
| Other current assets | $12B | $12.6B | $12.6B | $13.1B | $12.6B | $13B | $13.2B | $13.3B | $12.8B | $13.2B | $13.7B | $13.7B | |
| Current assets | $21.7B | $21.3B | $22B | $22.3B | $22.1B | $22.5B | $23.3B | $23.7B | $23.2B | $23.2B | $24.3B | $24.1B | |
| Property, plant & equipment (net) | $2.42B | $2.37B | $2.35B | $2.37B | $2.36B | $2.32B | $2.31B | $2.26B | $2.29B | $2.27B | $2.23B | $2.23B | |
| Long-term investments | $2.05B | $455M | $466M | $472M | $541M | $471M | $493M | $510M | $515M | $534M | $551M | $327M | |
| Goodwill | $17.2B | $17.3B | $17.5B | $18.2B | $23.3B | $23.5B | $23.9B | $23.9B | $24.3B | $24.3B | $24.4B | $24.6B | |
| Intangible assets | $2.63B | $2.63B | $2.64B | $2.72B | $4.82B | $4.74B | $4.77B | $4.67B | $5.21B | $4.61B | $4.51B | $4.5B | |
| Deferred tax assets | $357M | $276M | $285M | $242M | $237M | $250M | $0 | $0 | $0 | $193M | $0 | $0 | |
| Other non-current assets | $1.59B | $3.23B | $3.32B | $3.54B | $3.1B | $3.24B | $3.73B | $3.7B | $3.16B | $3.44B | $3.71B | $4.03B | |
| Non-current assets | $26.3B | $26.3B | $26.6B | $27.6B | $34.4B | $34.6B | $35.2B | $35.1B | $35.5B | $35.3B | $35.3B | $35.7B | |
| Total assets | $48B | $47.6B | $48.6B | $49.9B | $56.5B | $57B | $58.6B | $58.8B | $58.7B | $58.6B | $59.7B | $59.8B | |
| Liabilities | |||||||||||||
| Accounts payable | $3.4B | $3.38B | $3.21B | $3.1B | $3.4B | $3.45B | $3.43B | $3.36B | $3.65B | $4.18B | $4.05B | $3.58B | |
| Short-term debt | $1.62B | $1.17B | $1.27B | $518M | $519M | $1.67B | $769M | $1.26B | $1.27B | $1.7B | $1.67B | $1.64B | |
| Taxes payable | $321M | $456M | $505M | $565M | $376M | $554M | $619M | $617M | $373M | $572M | $479M | $0 | |
| Other current liabilities | $14.1B | $13B | $13.6B | $14.7B | $14.9B | $13.4B | $14.2B | $15.1B | $15.4B | -$5.19B | $14.8B | $16.6B | |
| Current liabilities | $19.8B | $18.7B | $18.9B | $19.6B | $19.5B | $19.8B | $19.4B | $21.1B | $21.1B | $2.03B | $21.4B | $22.1B | |
| Long-term debt | $11.8B | $12.3B | $12.3B | $12.3B | $19.4B | $18.9B | $19B | $18.3B | $18.3B | $18.9B | $18.9B | $18.9B | |
| Lease obligations (non-current) | $1.66B | $1.6B | $1.59B | $1.62B | $1.59B | $1.56B | $1.55B | $1.51B | $1.53B | $1.52B | $1.49B | $1.48B | |
| Other non-current liabilities | $2.36B | $2.39B | $2.3B | $2.43B | $2.41B | $2.55B | $2.67B | $2.5B | $2.49B | $21.3B | $2.51B | $2.42B | |
| Non-current liabilities | $15.9B | $16.3B | $16.2B | $16.4B | $23.4B | $23B | $23.2B | $22.3B | $22.3B | $41.7B | $22.9B | $22.8B | |
| Total liabilities | $35.7B | $35B | $35B | $36B | $42.9B | $42.7B | $42.6B | $43.4B | $43.4B | $43.7B | $44.2B | $44.9B | |
| Equity | |||||||||||||
| Common stock & paid-in capital | $561M | $561M | $561M | $561M | $561M | $561M | $561M | $561M | $561M | $561M | $561M | $561M | |
| Retained earnings | $22.8B | $23.5B | $24.6B | $24.5B | $25.3B | $25.9B | $27.1B | $26.9B | $27.8B | $28B | $29.3B | $29.2B | |
| Accumulated other comprehensive income | -$5.3B | -$5.51B | -$5.53B | -$4.99B | -$6.24B | -$5.9B | -$5.24B | -$5.44B | -$5.43B | -$5.56B | -$5.58B | -$5.51B | |
| Shareholders' equity | $12.2B | $12.4B | $13.4B | $13.7B | $13.3B | $14.1B | $15.8B | $15.2B | $15.1B | $14.6B | $15.2B | $14.7B | |
| Debt | |||||||||||||
| Total debt (incl. leases) | $15.4B | $15.4B | $15.4B | $14.8B | $21.9B | $22.4B | $21.6B | $21.4B | $21.4B | $22.5B | $22.4B | $22.3B | |
| Net debt (debt - cash) | $12.1B | $13.9B | $13.8B | $13B | $19.5B | $20.8B | $19.9B | $18.9B | $18.8B | $20.8B | $20.7B | $20.5B | |
| Balance sheet | Trend | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||||
| Cash & equivalents | $1.03B | $1.21B | $1.07B | $1.16B | $2.09B | $1.75B | $1.44B | $3.36B | $2.4B | $2.69B | |
| Receivables | $3.64B | $4.13B | $4.32B | $5.24B | $5.33B | $5.59B | $5.85B | $6.42B | $7.16B | $7.67B | |
| Other current assets | $215M | $224M | $551M | $677M | $701M | $926M | $11.7B | $12B | $12.6B | $12.8B | |
| Current assets | $4.88B | $5.56B | $5.93B | $7.07B | $8.12B | $8.26B | $19B | $21.7B | $22.1B | $23.2B | |
| Property, plant & equipment (net) | $725M | $712M | $701M | $2.78B | $2.75B | $2.72B | $2.43B | $2.42B | $2.36B | $2.29B | |
| Long-term investments | $619M | $720M | $661M | $1.63B | $1.77B | $2.27B | $396M | $449M | $541M | $515M | |
| Goodwill | $8.37B | $9.09B | $9.6B | $14.7B | $15.5B | $16.3B | $16.3B | $17.2B | $23.3B | $24.3B | |
| Intangible assets | $1.13B | $1.27B | $1.44B | $2.77B | $2.7B | $2.81B | $3.03B | $2.63B | $4.82B | $5.21B | |
| Deferred tax assets | $1.1B | $669M | $680M | $676M | $722M | $551M | $0 | $357M | $237M | $0 | |
| Other non-current assets | $1.37B | $2.4B | $2.57B | $1.76B | $1.46B | $1.46B | $3.05B | $3.19B | $3.1B | $3.16B | |
| Non-current assets | $13.3B | $14.9B | $15.6B | $24.2B | $24.9B | $26.1B | $25.2B | $26.3B | $34.4B | $35.5B | |
| Total assets | $18.2B | $20.4B | $21.6B | $31.3B | $33B | $34.4B | $44.1B | $48B | $56.5B | $58.7B | |
| Liabilities | |||||||||||
| Accounts payable | $1.97B | $2.08B | $2.23B | $2.75B | $3.05B | $3.17B | $3.28B | $3.4B | $3.4B | $3.65B | |
| Short-term debt | $312M | $262M | $314M | $1.22B | $517M | $17M | $268M | $1.62B | $519M | $1.27B | |
| Taxes payable | $146M | $199M | $157M | $179M | $208M | $198M | $221M | $321M | $376M | $0 | |
| Other current liabilities | $1.66B | $1.72B | $2.22B | $2.2B | $2.4B | $2.94B | $13.8B | $14.1B | $14.9B | $15.4B | |
| Current liabilities | $4.08B | $4.26B | $4.92B | $6.68B | $6.56B | $6.65B | $17.8B | $19.8B | $19.5B | $21.1B | |
| Long-term debt | $4.5B | $5.23B | $5.51B | $10.7B | $10.8B | $10.9B | $11.2B | $11.8B | $19.4B | $18.3B | |
| Lease obligations (non-current) | $0 | $0 | $0 | $1.93B | $1.92B | $1.88B | $1.67B | $1.66B | $1.59B | $1.53B | |
| Other non-current liabilities | $3.34B | $3.5B | $3.56B | $4.07B | $4.51B | $3.7B | $2.64B | $2.36B | $2.41B | $2.49B | |
| Non-current liabilities | $7.84B | $8.73B | $9.07B | $16.7B | $17.2B | $16.5B | $15.5B | $15.9B | $23.4B | $22.3B | |
| Total liabilities | $11.9B | $13B | $14B | $23.4B | $23.8B | $23.2B | $33.4B | $35.7B | $42.9B | $43.4B | |
| Equity | |||||||||||
| Common stock & paid-in capital | $561M | $561M | $561M | $561M | $561M | $561M | $561M | $561M | $561M | $561M | |
| Retained earnings | $12.4B | $13.1B | $14.3B | $15.2B | $16.3B | $18.4B | $20.3B | $22.8B | $25.3B | $27.8B | |
| Accumulated other comprehensive income | -$5.09B | -$4.04B | -$4.65B | -$5.06B | -$5.11B | -$4.58B | -$5.31B | -$5.3B | -$6.24B | -$5.43B | |
| Shareholders' equity | $6.19B | $7.36B | $7.51B | $7.79B | $9.1B | $11B | $10.5B | $12.2B | $13.3B | $15.1B | |
| Debt | |||||||||||
| Total debt (incl. leases) | $4.81B | $5.49B | $5.82B | $14.2B | $13.6B | $13.2B | $13.5B | $15.4B | $21.9B | $21.4B | |
| Net debt (debt - cash) | $3.78B | $4.28B | $4.76B | $13.1B | $11.5B | $11.4B | $12B | $12.1B | $19.5B | $18.8B | |
Standardised by Financial Modeling Prep from the company's filings; outflows and costs keep the sign the provider reports. Hover a period for its end date. Amounts in USD.
Cash, investments and debt
quarter endsThe other statements
Sources
Statements, segment revenue, metrics, estimates: Financial Modeling Prep. Segment profits and every reported line: SEC EDGAR (XBRL). Filings read: 10-Q 2026-09-30, 10-Q 2026-06-30, 10-Q 2026-03-31, 10-K 2025-12-31, 10-Q 2025-09-30, 10-Q 2025-06-30, 10-Q 2025-03-31, 10-K 2024-12-31, 10-Q 2024-09-30
Data as of 2026-11-01