Marsh & McLennan's Q2 Earnings Beat Expectations, but Shares Dip

Marsh & McLennan Companies, Inc., a global professional services and risk advisory firm with a market cap of $89.6 billion, reported its FY2026 Q2 earnings on July 21. The company's adjusted EPS climbed 8.8% to $2.96, beating consensus estimates of roughly $2.90. However, shares dipped 3.1% in the next trading session due to weakness at Guy Carpenter, continued reinsurance pricing pressure, and a relatively modest beat against elevated expectations. Consolidated revenue increased 6.2% year over year to about $7.40 billion, while underlying revenue growth was 5%.