Marsh McLennan reports third quarter 2025 results

• Revenue Growth of 11%; Underlying Revenue Growth of 4%
• GAAP Operating Income Increases 6%; Adjusted Operating Income Increases 13%
• Third Quarter GAAP EPS of $1.51; Adjusted EPS Increases 11% to $1.85
• Nine Months GAAP EPS of $6.75; Adjusted EPS Increases 9% to $7.63

NEW YORK, October 16, 2025 – Marsh McLennan (NYSE: MMC), the world's leading professional services firm in the areas of risk, strategy and people, today reported financial results for the third quarter ended September 30, 2025.

John Doyle, President and CEO, said: "Our third quarter results were solid and tracked with expectations. Overall, we generated 11% revenue growth, or 4% on an underlying basis, as well as 13% growth in adjusted operating income and 11% growth in adjusted EPS."

"Earlier this week, we announced that the company and its businesses will brand as Marsh. We also announced the creation of Business and Client Services (BCS) to accelerate client impact and efficiency. I am excited for this next chapter as we deliver even greater capabilities, data and insights, and technology to clients in this complex environment."