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Marsh

MRSH Finance Specialty Insurers
$199.27
▲ +4.2% Today
as of Oct 22, 16:50 ET
Last 30 days +10.44% Sep 14 → Oct 22
$166.61 $175.38 $184.15 $192.92 $201.69 Sep 14 Sep 22 Sep 29 Oct 07 Oct 14 Oct 22
Open
$192.00
High
$199.59
Low
$191.72
Volume
$3M
Avg Vol
$3M
Mkt Cap
$82.9B
P/E (TTM)
28.20
Beta
—
52w High
$199.59
52w Low
$156.60
Div Yield
—
Shares Out
$475M

Recent Press Releases & News last 60 days · 25 items

lean bull ▲ 4 ● 21 ▼ 0
▸ Show all 25 press releases & news Free account →

MRSH earnings at a glance

The options market is pricing a move of about ±4.4% after the report, a range of roughly $190.56 to $207.98 from today's $199.27. Over its last 5 reports the stock rose the next day 2 times and fell 3, moving ±3.8% on average; after the most recent report on Jul 21, 2026 it moved -0.3%. That means options currently expect about the same movement than MRSH has typically delivered. MRSH beat the consensus EPS estimate in 5 of its last 5 reported quarters. Implied volatility is currently 37%. The share price of $199.27 sits near its 52-week high.

More Finance stocks · All stocks · Earnings calendar

Overview

52-week range
$157
$200
99% of range
Avg surprise (last 5)
+3.7%
Avg reaction (last 5)
+0.1%
40% positive
Latest IV / EM
37%
EM ±4.4% · $175 · Oct 16

Earnings trends

EPS — actual vs estimate Actual Estimate
$1.47$1.93$2.38$2.83$3.29 Actual $2.07Actual $1.47Actual $2.82Actual $2.27Actual $1.51Actual $2.79Actual $2.72Est $2.66Actual $1.85Est $1.79Actual $2.12Est $1.97Actual $3.29Est $3.21Actual $2.96Est $2.88Actual $1.69 JunSepMarJunSepMarJun/2025Sep/20258K8KJun/2026Sep
Revenue vs Net Income Revenue Net income
$0$2.0B$4.0B$6.0B$8.0B Mar 25Jun 25Sep 25Mar 26Jun 26Sep 26

Earnings history

DatePeriodActual EPSEstSurpriseYoY %ΔDay reactSource
Wed Sep 30, 2026Sep 2026 $1.69 — — — — financials
Tue Jul 21, 2026Jun/2026 $2.96 $2.88 +2.8% +5.9% -0.3% earnings
Thu Apr 16, 20268K 2026-04-16 $3.29 $3.21 +2.5% — +4.4% earnings
Thu Jan 29, 20268K 2026-01-29 $2.12 $1.97 +7.6% — +5.5% earnings
Thu Oct 16, 2025Sep/2025 $1.85 $1.79 +3.4% — -8.5% earnings
Thu Jul 17, 2025Jun/2025 $2.72 $2.66 +2.3% — -0.4% earnings
Mon Mar 31, 2025Mar 2025 $2.79 — — — — financials
Mon Sep 30, 2024Sep 2024 $1.51 — — — — financials
Sun Jun 30, 2024Jun 2024 $2.27 — — — — financials
Sun Mar 31, 2024Mar 2024 $2.82 — — — — financials
Sat Sep 30, 2023Sep 2023 $1.47 — — — — financials
Fri Jun 30, 2023Jun 2023 $2.07 — — — — financials
Fri Mar 31, 2023Mar 2023 $2.47 — — — — financials

Financials

Income statement (quarterly)

MetricSep 2026Jun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024
Revenue$6.86B$7.40B$7.60B—$6.35B$6.97B$7.06B—
Cost of revenue————————
Gross profit————————
Operating income$1.22B$1.90B$1.75B—$1.17B$1.83B$2.00B—
Net income$808M$1.27B$1.15B—$747M$1.21B$1.38B—
EPS (diluted)$1.69$2.63$2.36—$1.51$2.45$2.79—

Balance sheet (quarterly)

MetricSep 2026Jun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024
Cash & equivalents$1.84B$1.70B$1.61B$2.69B$2.51B$1.68B$1.60B$2.40B
Inventory————————
Total current assets$24.11B$24.33B$23.24B$23.20B$23.70B$23.33B$22.46B$22.12B
Total assets$59.81B$59.68B$58.55B$58.71B$58.78B$58.55B$57.02B$56.48B
Long-term debt$18.89B$18.89B$18.90B$18.32B$18.32B$18.96B$18.86B$19.43B
Total liabilities————————
Total equity$14.91B$15.43B$14.81B$15.31B$15.36B$15.98B$14.27B—

Implied volatility — last 90 days

19%26%32%38%45% Jun 07 — IV 33% · EM ±4.6%Jun 08 — IV 30% · EM ±4.0%Jun 09 — IV 30% · EM ±3.7%Jun 10 — IV 31% · EM ±3.7%Jun 11 — IV 27% · EM ±3.0%Jun 12 — IV 27% · EM ±2.7%Jun 15 — IV 35% · EM ±2.5%Jun 16 — IV 31% · EM ±1.8%Jun 17 — IV 41% · EM ±1.7%Jun 19 — IV 28% · EM ±6.3%Jun 22 — IV 29% · EM ±6.1%Jun 23 — IV 27% · EM ±5.5%Jun 24 — IV 25% · EM ±5.0%Jun 25 — IV 28% · EM ±5.5%Jun 26 — IV 22% · EM ±4.3%Jun 29 — IV 25% · EM ±4.4%Jun 30 — IV 26% · EM ±4.4%Jul 01 — IV 25% · EM ±4.1%Jul 02 — IV 22% · EM ±3.6%Jul 03 — IV 23% · EM ±3.6%Jul 06 — IV 27% · EM ±3.7%Jul 07 — IV 27% · EM ±3.5%Jul 08 — IV 28% · EM ±3.6%Jul 09 — IV 30% · EM ±3.5%Jul 10 — IV 23% · EM ±2.6%Jul 13 — IV 28% · EM ±2.3%Jul 14 — IV 31% · EM ±2.3%Jul 15 — IV 30% · EM ±1.7%Jul 16 — IV 45% · EM ±1.9%Jul 20 — IV 33% · EM ±7.8%Jul 21 — IV 24% · EM ±5.5%Jul 22 — IV 25% · EM ±5.7%Jul 23 — IV 23% · EM ±5.1%Jul 24 — IV 23% · EM ±5.0%Jul 27 — IV 25% · EM ±5.2%Jul 28 — IV 23% · EM ±4.8%Jul 29 — IV 22% · EM ±4.5%Jul 30 — IV 25% · EM ±4.9%Jul 31 — IV 27% · EM ±5.2%Aug 03 — IV 26% · EM ±4.7%Aug 04 — IV 23% · EM ±4.0%Aug 05 — IV 24% · EM ±4.0%Aug 06 — IV 26% · EM ±4.2%Aug 07 — IV 24% · EM ±3.7%Aug 10 — IV 20% · EM ±2.8%Aug 11 — IV 24% · EM ±3.2%Aug 12 — IV 25% · EM ±3.1%Aug 13 — IV 27% · EM ±3.2%Aug 14 — IV 21% · EM ±2.3%Aug 17 — IV 22% · EM ±1.8%Aug 18 — IV 29% · EM ±2.1%Aug 19 — IV 28% · EM ±1.6%Aug 20 — IV 42% · EM ±1.7%Aug 24 — IV 21% · EM ±4.4%Aug 25 — IV 21% · EM ±4.3%Aug 26 — IV 23% · EM ±4.6%Aug 27 — IV 28% · EM ±5.5%Aug 28 — IV 22% · EM ±4.2%Aug 31 — IV 23% · EM ±4.1%Sep 01 — IV 25% · EM ±4.3%Sep 02 — IV 25% · EM ±4.2%Sep 03 — IV 20% · EM ±3.2%Sep 04 — IV 23% · EM ±3.6%Sep 07 — IV 26% · EM ±3.6%Sep 08 — IV 28% · EM ±3.7%Sep 09 — IV 29% · EM ±3.7%Sep 10 — IV 29% · EM ±3.4%Sep 11 — IV 23% · EM ±2.5%Sep 14 — IV 30% · EM ±2.5%Sep 15 — IV 28% · EM ±2.0%Sep 16 — IV 38% · EM ±2.2%Sep 17 — IV 36% · EM ±1.5%Sep 21 — IV 27% · EM ±5.7%Sep 22 — IV 28% · EM ±5.7%Sep 23 — IV 29% · EM ±5.8%Sep 24 — IV 30% · EM ±5.9%Sep 25 — IV 30% · EM ±5.8%Sep 28 — IV 28% · EM ±5.0%Sep 29 — IV 30% · EM ±5.1%Sep 30 — IV 28% · EM ±4.6%Oct 01 — IV 31% · EM ±5.0%Oct 02 — IV 29% · EM ±4.5%Oct 06 — IV 34% · EM ±4.5%Oct 07 — IV 33% · EM ±4.2%Oct 08 — IV 37% · EM ±4.4%

Sector peers

MRSH earnings FAQ

What is MRSH's expected move for earnings?

Options currently price a move of about ±4.4%, or $8.71 per share either way from $199.27.

How does MRSH stock usually react to earnings?

Across the last 5 reports the average next-day move was ±3.8%, up 2 times and down 3 times.

What is MRSH's implied volatility?

MRSH's at-the-money implied volatility is about 37% based on the latest options snapshot.

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