secwatch.observer — SEC 8-K summary
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Issuer:     MARSH & MCLENNAN COMPANIES, INC. (MRSH)
CIK:        0000062709
Form:       8-K
Filed at:   2026-01-29T23:59:59+00:00
Accession:  0000062709-26-000014
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Marsh Q4 2025 adj EPS $2.12 (+10% YoY); full-year rev $27B (+10%)
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- Q4 GAAP EPS $1.68; adjusted EPS $2.12 (up 10% YoY) on revenue $6.6B (+9% GAAP, +4% underlying).
- Full-year 2025 GAAP EPS $8.43; adjusted EPS $9.75 (up 9%) on revenue $27.0B (+10% GAAP, +4% underlying).
- Risk & Insurance Services segment: Q4 revenue $4.0B (+9%), FY revenue $17.3B (+12%); adjusted operating income up 11% in Q4.
- Consulting segment: Q4 revenue $2.6B (+8%), FY revenue $9.8B (+7%); Mercer wealth revenue grew 5% underlying in Q4.
- Repurchased 10.1M shares for $2.0B in 2025; NYSE ticker changed to MRSH on January 14, 2026.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/62709/000006270926000014/0000062709-26-000014-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/62709/000006270926000014/mmc-20260129.htm
  HTML page:      https://secwatch.observer/filing/0000062709-26-000014

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer