Marsh reports third-quarter earnings and revenue above estimates

Marsh reported third-quarter 2026 revenue of $6.86B, up 8%, while adjusted EPS increased 10% to $2.03 and GAAP EPS was $1.69. GAAP operating income rose 4% and adjusted operating income rose 6%; Risk and Insurance Services and Consulting also grew. The company repurchased approximately 2.7 million shares and raised its Thrive savings target to $600M.

The earnings beat and stronger operating results provide a positive near-term catalyst for Marsh shares. The company expects the higher Thrive savings target to create capacity for investment in sales, capabilities, its brand and technology.

  • 1Marsh reported third-quarter 2026 revenue growth of 8% and underlying revenue growth of 5%.
  • 2Third-quarter GAAP EPS was $1.69, while adjusted EPS increased 10% to $2.03.
  • 3Third-quarter GAAP operating income increased 4% and adjusted operating income increased 6%.
  • 4The company repurchased approximately 2.7 million shares during the quarter.
  • 5Marsh increased its Thrive savings target to $600M from $400 million.

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