Loading company filing…
Find a company. Follow its revenue through costs and profit.
Coverage includes separate ticker and security records; counts are not unique companies.
Sankey diagram of Marsh & McLennan Companies, Inc.. A complete text table follows the diagram.
Brokers place insurance and reinsurance; consultants advise on benefits, wealth, workforces and strategy. Skilled people are both the product and the largest cost.
Swipe to explore
All flows are reported filing values. Segment revenue is shown before the separately reported $12M corporate elimination. Organic-growth observations in annotations are company-defined non-GAAP measures and are not used as flow values.
Labels and narrative explain the filing. A category marked “arithmetic bridge” or “residual” is calculated from reported totals, rather than a separately reported line.
| Category | Stage | Value | Notes |
|---|---|---|---|
| Marsh Risk brokerage | 1 | $3.7B | Commercial insurance placement and advice |
| Guy Carpenter | 1 | $1.2B | Reinsurance brokerage |
| Fiduciary interest | 1 | $85M | Interest on client-related funds |
| Mercer | 1 | $1.7B | Wealth, health and career consulting |
| Management consulting | 1 | $897M | Strategy and transformation advice |
| Segment revenue | 2 | $7.6B | Risk and consulting businesses |
| Consolidated revenue | 3 | $7.6B | 8% year-over-year growth |
| Corporate eliminations | 3 | $12M | Intersegment reconciliation |
| Operating income | 4 | $1.8B | 23.1% operating margin |
| Compensation & benefits | 4 | $4.1B | 54.4% of revenue |
| Technology, offices & other costs | 4 | $1.7B | Other operating expense |
| Pension benefit credits | 4 | $50M | Other net benefit credits |
| Interest income | 4 | $11M | Corporate cash yield |
| Investment income | 4 | $6M | Reported investment result |
| Operating and other income | 5 | $1.8B | Before debt financing |
| Income before tax | 6 | $1.6B | Reported GAAP result |
| Interest expense | 6 | $240M | Debt financing |
| Net income before NCI | 7 | $1.2B | After income tax |
| Income tax | 7 | $395M | 25.0% effective rate |
| Company attributable income | 8 | $1.1B | For common shareholders |
| Noncontrolling interests | 8 | $40M | Outside owners' share |
| From | To | Value |
|---|---|---|
| Marsh Risk brokerage | Segment revenue | $3.7B |
| Guy Carpenter | Segment revenue | $1.2B |
| Fiduciary interest | Segment revenue | $85M |
| Mercer | Segment revenue | $1.7B |
| Management consulting | Segment revenue | $897M |
| Segment revenue | Consolidated revenue | $7.6B |
| Segment revenue | Corporate eliminations | $12M |
| Consolidated revenue | Operating income | $1.8B |
| Consolidated revenue | Compensation & benefits | $4.1B |
| Consolidated revenue | Technology, offices & other costs | $1.7B |
| Operating income | Operating and other income | $1.8B |
| Pension benefit credits | Operating and other income | $50M |
| Interest income | Operating and other income | $11M |
| Investment income | Operating and other income | $6M |
| Operating and other income | Income before tax | $1.6B |
| Operating and other income | Interest expense | $240M |
| Income before tax | Net income before NCI | $1.2B |
| Income before tax | Income tax | $395M |
| Net income before NCI | Company attributable income | $1.1B |
| Net income before NCI | Noncontrolling interests | $40M |