Marsh 1Q Revenue Rises; Higher Expenses Pressure Profit

By Connor Hart

Marsh logged higher revenue in the first quarter, boosted by both its insurance and consulting arms, though increased expenses pressured profit.

The professional-services firm on Thursday posted a quarterly profit of $1.15 billion, or $2.36 a share, compared with $1.38 billion, or $2.79 a share, a year earlier.

Stripping out one-time items, earnings were $3.29 a share. Analysts polled by FactSet expected adjusted earnings of $3.22 a share.

Revenue climbed 7.6% to $7.6 billion, ahead of Wall Street models for $7.41 billion.

The company's risk and insurance-services unit logged revenue of $5.05 billion, up 6.1% from last year, fueled primarily by its Marsh Risk business line. Consulting revenue increased 11% to $2.56 billion, boosted by both its Mercer and Marsh Management Consulting arms.

Operating expenses jumped 16% to $5.84 billion during the latest quarter.

Chief Executive John Doyle said the recent-quarter results "reflect Marsh's market leadership, our clients' trust in our team's expertise, and the strength of our data and insights."

The more-than-century-old insurance brokerage early this year changed its name from Marsh & McLennan to Marsh, and its ticker symbol toMRSH from MMC. The firm also created a new unit focused on investments in data, artificial intelligence and analytics.

Write to Connor Hart at connor.hart@wsj.com

(END) Dow Jones Newswires

April 16, 2026 07:23 ET (11:23 GMT)