---
schema_version: "secwatch.filing_event.v1"
accession: "0000062709-23-000033"
form_type: "8-K"
ticker: "MRSH"
cik: "0000062709"
company_name: "MARSH & MCLENNAN COMPANIES, INC."
filed_at: "2023-04-20T23:59:59+00:00"
generated_at: "2026-06-16T22:58:36.900105+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Marsh McLennan Q1 2023: revenue $5.9B (+7%), adj. EPS $2.53 (+10%)

## Summary
- GAAP revenue $5.9B, +7% YoY; underlying revenue +9%; operating income $1.7B, +19%.
- GAAP EPS $2.47 (+18%); adjusted EPS $2.53 (+10%) vs $2.30 year ago.
- Risk & Insurance Services revenue $3.9B (+10%); underlying +11%; Marsh underlying +9%.
- Consulting revenue $2.0B (+1%); underlying +5%; Mercer underlying +7%, Oliver Wyman flat.
- Repurchased 1.8M shares for $300M; issued $600M 30-yr senior notes in Q1.

## SEC filing metadata
- accession: 0000062709-23-000033
- form_type: 8-K
- ticker: MRSH
- cik: 0000062709
- company_name: MARSH & MCLENNAN COMPANIES, INC.
- filed_at: 2023-04-20T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/62709/000006270923000033/0000062709-23-000033-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/62709/000006270923000033/mmc-20230420.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000062709-23-000033
- JSON: https://secwatch.observer/filing/0000062709-23-000033.json
- Plain text: https://secwatch.observer/filing/0000062709-23-000033.txt

## Key facts
- Earnings Releases
  MARSH & MCLENNAN COMPANIES, INC. reported first quarter ended March 31, 2023 results: revenue $5.9 billion, net income $1.2 billion, EPS $2.47 per diluted share.
  - Period: first quarter ended March 31, 2023
  - Revenue: $5.9 billion
  - Net income: $1.2 billion
  - EPS: $2.47 per diluted share
  - Result: reported results
  source text: Consolidated revenue in the first quarter of 2023 was $5.9 billion, an increase of 7% compared with the first quarter of 2022. On an underlying basis, revenue increased 9%. Operating income was $1.7 billion, an increase of 19% from the prior year. Adjusted operating income, which excludes noteworthy items as presented in the attached supplemental schedules, rose 13% to $1.8 billion. Net income attributable to the Company was $1.2 billion, or $2.47 per diluted share, compared with $2.10 in the first quarter of 2022. Adjusted earnings per share rose 10% to $2.53 per diluted share compared with $2.30 a year ago.
  evidence_url: https://www.sec.gov/Archives/edgar/data/62709/000006270923000033/0000062709-23-000033-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.