Marsh & McLennan Companies, Inc. (MMC) is a financial services firm with a market cap of 82.3 bln dollars and price at 166.44 USD per share. As of April 19th 2023, the company reported estimated revenue of 519.7 bln USD for its fiscal year ending March 31st 2023. The company’s most recent quarterly report released on July 21st 2023 revealed that the company generated 537.9 mln USD in revenue, although the estimated income was slightly higher at 533.1 bln USD. Furthermore, MMC reported earnings per share of 1.89 for the quarter ended June 30th 2022 and an EPS of 2.30 for the quarter ended March 31st 2022 on total revenues of 554.9 bln USD and 551 mln USD respectively, surpassing estimates in both quarters by a margin of 4% and 17%.
Overall, Marsh & McLennan Companies Inc’s financial performance has been mixed over the past two fiscal years as evidenced by its fluctuating profits and revenues which have dropped from 554.9 bln to 477 bln between April 2021 and October 2022 respectively but increased from 477 bln to 537.9 bln between October 2020-July 2021.. This shows that MMC is managing to stay afloat despite challenging economic conditions yet there is still potential for considerable growth if it can continue to surpass expectations as it did in previous quarters and maintain its market position among competitors in the industry going forward