- Marsh McLennan (MMC, Financial) reported a 9% increase in Q1 2025 revenue, reaching $7.1 billion.
- Adjusted EPS rose by 5% to $3.06, supported by favorable tax items.
- The Risk & Insurance Services segment saw a revenue growth of 11% to $4.8 billion.
Marsh McLennan (MMC), a global leader in professional services, has announced strong financial results for the first quarter of 2025. The company reported a 9% increase in revenue compared to the previous year, totaling $7.1 billion. On an underlying basis, which excludes acquisitions and currency effects, revenue grew by 4%.
The company's profitability showed robust performance with an 8% rise in adjusted operating income to $2.2 billion. Adjusted earnings per share (EPS) grew by 5% to $3.06, bolstered by a $0.10 per share benefit from favorable discrete tax items, partially offset by a $0.05 per share headwind from foreign exchange rates.
Breaking down the performance by segments, the Risk & Insurance Services division, which makes up about 68% of the total revenue, saw an 11% increase in revenue to $4.8 billion, underpinned by Marsh's revenue growth of 15% and Guy Carpenter's growth of 5%. The Consulting segment also showed a 5% increase in revenue to $2.3 billion, with contributions from Mercer ($1.5 billion) and Oliver Wyman ($818 million).
Geographically, Marsh's international operations performed well, particularly in emerging markets. Latin America led with an 8% growth in underlying revenue, followed by EMEA at 6%, and Asia Pacific at 4%.
Furthermore, Marsh McLennan continued its strategic capital management, completing the repurchase of 1.3 million shares for $300 million and repaying $500 million in senior notes during the quarter. Despite challenging market conditions, the results underscore the company's ability to maintain steady growth and deliver value, as highlighted by CEO John Doyle's assertion that Marsh McLennan is "built to deliver across market cycles."
