Marsh & Mclennan

Q3 FY2026 EarningsQ3 FY26 beat consensus across all key financial metrics, with revenue of $6.86B exceeding the $6.64B expected and Adjusted EPS of $2.03 significantly outperforming the $1.97 consensus. Revenue growth of 8% YoY (5% underlying) was driven by double-digit gains in Management Consulting (+14% underlying). Management's execution of the 'Thrive' program and strong expense management resulted in an Adjusted Operating Margin of 22.7%, while substantial share repurchases of $2.0B year-to-date further supported EPS growth.