Marsh & McLennan Companies, Inc. (NYSE: MMC) announced on October 17, 2025 that its third‑quarter 2025 results were stronger than expected, with consolidated revenue of $6.4 billion—an 11% increase year‑over‑year and 4% on an underlying basis. Adjusted operating income rose 13% to $1.4 billion, and adjusted earnings per share climbed 11% to $1.85, while net income attributable to the company was $747 million, translating to $1.51 per share.
The results were driven by robust performance across all four businesses. Risk & Insurance Services generated $3.9 billion in revenue, up 13% (3% underlying), and Consulting posted $2.5 billion, up 9% (5% underlying). Marsh alone grew 16% to $3.4 billion, and Guy Carpenter added 5% to $398 million. Mercer and Oliver Wyman also posted gains of 9% and 9% respectively, supporting the company’s diversified revenue mix.
In addition to the financial highlights, the company disclosed a $400 million share‑repurchase program in the third quarter and reiterated its plan to rebrand as “Marsh” effective January 2026. It also announced the creation of a new Business and Client Services (BCS) unit to accelerate innovation and operational efficiency. These corporate actions underscore MMC’s commitment to long‑term value creation while maintaining a balanced capital allocation strategy.
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