Key Highlights

  • Marsh's $0.990 quarterly dividend goes ex-dividend October 1, 2026 and is payable November 13 to shareholders of record.
  • Second-quarter GAAP diluted EPS was $2.63, up 7%, and adjusted EPS, a non-GAAP measure, was $2.96, up 9%.
  • Consolidated operating income was $1.9 billion, up 4%, and net income attributable to the company was $1.3 billion.
  • Risk and Insurance Services revenue was $4.8 billion, up 4%, and Consulting revenue was $2.6 billion, up 10%.

Overview

Marsh & McLennan Companies, Inc.'s (NYSE:MRSH) $0.990 quarterly dividend, declared September 16, 2026, yields 2.32% and follows a July 2026 announcement raising the rate from $0.90. Second-quarter GAAP diluted EPS was $2.63 and adjusted EPS, a non-GAAP measure, was $2.96, while six-month GAAP EPS was $4.99. The company operates under the Marsh brand.

Dividend Program and Shareholder Returns

Marsh's board declared a quarterly dividend of $0.990 per share on September 16, 2026, payable November 13 to shareholders of record on October 1. The company's July 2026 announcement raised the quarterly rate from $0.90.

The latest filing identifies no special or supplemental common dividend. Dividend declarations remain subject to board approval.

About the Company

Marsh & McLennan Companies, Inc. is a global professional services firm that operates under the Marsh brand. Its Risk and Insurance Services segment includes Marsh and Guy Carpenter, and its Consulting segment includes Mercer and Marsh Management Consulting. Revenue comes from commissions, fees and consulting services, and underlying revenue growth is a principal operating measure.

Financial Performance Behind the Payout

Marsh reported second-quarter consolidated revenue of $7.4 billion. Consolidated operating income was $1.9 billion, up 4%, and net income attributable to the company was $1.3 billion. GAAP diluted EPS was $2.63, up 7%. Adjusted EPS, a non-GAAP measure, was $2.96, up 9%.

Risk and Insurance Services revenue was $4.8 billion, up 4%, with 3% underlying growth, and operating income was $1.5 billion. Consulting revenue was $2.6 billion, up 10%, with 8% underlying growth, and operating income was $502 million.

For six months, consolidated operating income was $3.7 billion, down 5%, and GAAP EPS was $4.99, down 5%.

Segment Results Behind the Quarter

Marsh Risk revenue was $4.1 billion, up 6%, while Guy Carpenter revenue fell 2% to $664 million. Within Consulting, Mercer revenue was $1.6 billion, up 7%, and Marsh Management Consulting revenue rose 15% to $1.0 billion.

The company's registrant name in its SEC filings remains Marsh & McLennan Companies, Inc., while its releases use the Marsh name. GAAP and adjusted results are reported separately, with the $0.33 gap between $2.63 and $2.96 shown in its reconciliations.

Outlook

Marsh reports underlying revenue growth, operating income and adjusted EPS by segment each quarter. Second-quarter underlying growth was 3% in Risk and Insurance Services and 8% in Consulting, and six-month operating income was down 5%.