Marsh & McLennan Companies, Inc. Q3 2026 Earnings Recap

The stock rose 5.6% after earnings. The company reported 8% revenue growth and 10% adjusted EPS growth, while raising its Thrive savings target to $600 million.

Key Takeaways

• Revenue grew 8%; underlying revenue growth was 5%.
• Adjusted operating income increased 6% and adjusted EPS rose 10%.
• Growth was strong in People and Investments and Management Consulting; Risk growth accelerated, while Reinsurance faced continued market headwinds.
• The company repurchased $500 million of stock in the quarter and $2 billion year to date.
• Thrive’s savings target rose from $400 million to $600 million, with the additional savings intended to support investment in sales, capabilities, brand, and technology.