Marsh & McLennan Companies (MRSH) Revenue — Quarter Ended Dec 31, 2025
Revenue for the quarter increased compared to both the prior quarter and the same quarter last year. The sequential growth was modest, while the year-over-year gain was more pronounced.
Key takeaway
Quarter ended Dec 31, 2025 · FY2025 Q4
Revenue for the quarter increased compared to both the prior quarter and the same quarter last year. The sequential growth was modest, while the year-over-year gain was more pronounced.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$6.6B
Revenue reported for this quarter.
Quarter-over-quarter
+3.8%
Change from the immediately preceding quarter.
Year-over-year
+8.7%
Change from the comparable year-ago quarter.
Trailing four quarters
$27B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Mar 31, 2025 | $7.1B | +9.1% |
| Jun 30, 2025 | $7B | +12.1% |
| Sep 30, 2025 | $6.4B | +11.5% |
| Dec 31, 2025 | $6.6B | +8.7% |
Revenue performance
The reported revenue reflects a sequential increase from the immediately preceding quarter. This follows a pattern of year-over-year growth that has been sustained throughout the fiscal year.
Quarterly comparison
Compared to the same quarter one year earlier, revenue was higher. The sequential improvement from the prior quarter was smaller than the year-over-year gain.
What to watch
The sequential revenue growth rate slowed compared to the prior quarter's sequential change, which may warrant attention in future periods.