---
schema_version: "secwatch.filing_event.v1"
accession: "0000062709-25-000024"
form_type: "8-K"
ticker: "MRSH"
cik: "0000062709"
company_name: "MARSH & MCLENNAN COMPANIES, INC."
filed_at: "2025-04-17T23:59:59+00:00"
generated_at: "2026-05-23T12:37:18.152648+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Marsh McLennan Q1 2025 revenue $7.1B (+9% GAAP, +4% underlying); Adj. EPS $3.06, up 5%

## Summary
- GAAP EPS $2.79 (down 1% YoY); Adjusted EPS $3.06 (up 5%) with $0.10 favorable discrete tax items.
- Operating income $2.0B GAAP; Adjusted operating income $2.2B, up 8%.
- Risk & Insurance Services revenue $4.8B (+11% GAAP, +4% underlying); Marsh revenue $3.5B (+15%).
- Consulting revenue $2.3B (+5% GAAP, +4% underlying); Mercer $1.5B, Oliver Wyman $818M.
- Repurchased 1.3M shares for $300M; repaid $500M senior notes maturing in March 2025.

## SEC filing metadata
- accession: 0000062709-25-000024
- form_type: 8-K
- ticker: MRSH
- cik: 0000062709
- company_name: MARSH & MCLENNAN COMPANIES, INC.
- filed_at: 2025-04-17T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/62709/000006270925000024/0000062709-25-000024-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/62709/000006270925000024/mmc-20250417.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000062709-25-000024
- JSON: https://secwatch.observer/filing/0000062709-25-000024.json
- Plain text: https://secwatch.observer/filing/0000062709-25-000024.txt

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