Marsh Posts $6.86 Billion in Q3 Revenue as Adjusted EPS Rises 10%

Marsh posted $6.863 billion in third-quarter 2026 revenue, up 8% from a year earlier, as adjusted earnings per share rose 10% to $2.03 for the three months ended Sept. 30, 2026.

Underlying revenue growth was 5%. GAAP diluted EPS increased to $1.69 from $1.51, and net income attributable to Marsh rose to $808 million from $747 million.

Adjusted net income was $972 million, compared with reported net income of $808 million. Adjustments added $0.34 per share to GAAP EPS. Marsh cautioned that adjusted measures should not be viewed in isolation or as a substitute for GAAP results.

Risk and Insurance Services revenue grew 7% to $4.2 billion, with 3% underlying growth. Consulting revenue rose 9% to $2.685 billion, including 8% underlying growth.

Marsh repurchased about 2.7 million shares for $500 million during the quarter. For the nine months ended Sept. 30, the company repurchased 11.4 million shares for $2 billion.