MARSH & MCLENNAN COMPANIES, INC. — Form 10-Q filed 2026-10-15

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Marsh & McLennan reported Q3 2026 revenue of $6.863B, up 8% year over year, with operating income of $1.215B, up 4%, and diluted EPS of $1.69, up 12%. For the nine months, revenue rose 7% to $21.864B but operating income fell 3% to $4.868B, reflecting a $569M after-tax Greensill settlement charge and restructuring costs. The company completed 8 acquisitions for $550M total consideration and recorded a $126M remeasurement gain on Deasterra Partners. The Thrive restructuring program cost estimate was raised from $500M to approximately $750M.