Marsh & McLennan Companies, Inc. reported financial results for the third quarter ended September 30, 2026, in an 8-K filing. The company reported consolidated revenue of $6.9 billion for the quarter, an increase of 8% compared to the prior year period, or 5% on an underlying basis. Adjusted operating income rose 6% to $1.5 billion, while GAAP operating income increased 4% to $1.2 billion. Net income attributable to the Company was $808 million, resulting in GAAP earnings per share of $1.69. Adjusted earnings per share increased 10% to $2.03.
For the nine months ended September 30, 2026, consolidated revenue was $21.9 billion, an increase of 7% on a GAAP basis or 5% on an underlying basis. Adjusted operating income for the period rose 7% to $6.1 billion. Adjusted earnings per share for the first nine months increased 9% to $8.29.
During the third quarter, the company completed a brand transition, updating its name from Marsh McLennan to Marsh. As a result, results previously reported under the Guy Carpenter business are now categorized as "Reinsurance," and results previously reported as Mercer are now categorized as "People and Investments." Within People and Investments, Wealth is now reported as "Investments and Retirement," Health is now "Health and Benefits," and Career is now "Workforce and Rewards." Under the new reporting structure, Risk and Insurance Services revenue was $4.2 billion, an increase of 7%, while Consulting revenue was $2.7 billion, an increase of 9%.
In the third quarter, Marsh repurchased approximately 2.7 million shares of stock for $500 million. Through nine months, the company has repurchased 11.4 million shares for $2.0 billion. Additionally, the company repaid $550 million of Euro-denominated senior notes that matured in September.
Marsh advises clients in 130 countries and has more than 95,000 colleagues. A conference call to discuss third quarter 2026 results was held on October 15, 2026, at 8:30 a.m. Eastern time.
