Marsh & McLennan Companies, Inc. earnings overview

Marsh & McLennan Companies, Inc.

Marsh & McLennan posted a solid Q2 2026, with revenue rising 6% year-over-year to $7.4 billion and adjusted EPS up 9% to $2.96, edging past the $2.88 consensus. Underlying revenue growth accelerated to 5% from 4% in Q1, a notable signal given persistent softness in property and reinsurance pricing. The Thrive program, an ongoing brand unification (Guy Carpenter and Mercer will transition to the Marsh brand in September), and a deepening AI toolkit including the newly launched LenWork LLM assistant are collectively driving productivity and new-business momentum. Record catastrophe-bond issuance ($5 billion across 20 deals in H1) and digital-infrastructure solutions for energy and data-center clients are helping offset pricing headwinds. The market's initial response was lukewarm: the stock underperformed its benchmark by roughly 1.1% on the report session. However, shares subsequently…