NYSE$MRSH
Marsh & McLennan Cos Inc · Q4 2021 earnings
Q4 2021 earnings · · Investor relations
Briefing
Reported strong Q4 and full-year results, driven by revenue growth and margin expansion.
Marsh & McLennan reported a strong fourth quarter and full year 2021, with revenue increasing by 16% in Q4 to $5.1 billion and adjusted EPS increasing by 14% to $1.36. The company's performance was driven by underlying revenue growth of 10% and adjusted EPS growth of 24%, both the highest in over two decades.
- Consolidated revenue increased by 16% to $5.1 billion, with underlying revenue growth of 10%.
- Operating income was $986 million, compared to $571 million in the prior year period.
- Adjusted EPS increased by 14% to $1.36, compared to $1.19 for the prior year period.
- The Company repurchased 2.6 million shares of stock for $425 million in the fourth quarter.
Headline financials
Revenue & EPS history
Marsh & McLennan · Revenue · Quarterly
$5.14B
Revenue by segment
Marsh & McLennan · $5.15B total across 4 segments · Q4 2021
- Marsh Risk$2.88B+21.7%55.9%
- Mercer$1.38B+5.0%26.8%
- Marsh Mgmt Consulting$722M+22.4%14.0%
- Guy Carpenter$170M+4.9%3.3%
Forward guidance
The company did not provide specific forward guidance in this release. However, the CEO stated that they enter 2022 well positioned for continued growth.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q4 2021
+0.2%
Avg return
Earnings day
+0.7%
Avg return
5 days after
+1.9%
Avg return
30 days after
53%
39 / 73 earnings
Positive
+7.7%
Q4 2018
Best reaction
-9.4%
Q2 2011
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +4.4% | +2.3% | -8.0% | |
| Q4 2025 | +3.5% | +5.8% | +4.8% | |
| Q3 2025 | -8.5% | -7.3% | -10.3% | |
| Q2 2025 | -1.1% | +0.8% | -3.1% | |
| Q1 2025 | -4.9% | -5.1% | +0.0% | |
| Q4 2024 | +0.7% | +1.7% | +8.4% | |
| Q3 2024 | -1.4% | -2.7% | -2.5% | |
| Q2 2024 | -1.8% | -0.7% | +0.6% | |
| Q1 2024 | +2.4% | +2.1% | +6.2% | |
| Q4 2023 | -2.9% | -2.8% | +2.5% | |
| Q3 2023 | -1.0% | -0.4% | +4.3% | |
| Q2 2023 | +2.2% | +3.2% | +0.8% | |
| Q1 2023 | +3.7% | +2.4% | +4.0% | |
| Q4 2022 | -0.7% | +0.9% | -6.5% | |
| Q3 2022 | -1.3% | -2.5% | +6.7% | |
| Q2 2022 | +2.2% | +1.5% | +11.9% | |
| Q1 2022 | -2.1% | -3.5% | -14.1% | |
| Q4 2021 | -2.4% | -0.3% | +1.0% | |
| Q3 2021 | +2.2% | +1.8% | +2.1% | |
| Q2 2021 | +3.5% | +3.0% | +8.9% | |
| Q1 2021 | +5.4% | +6.7% | +7.9% | |
| Q4 2020 | +2.1% | +4.9% | +7.1% | |
| Q3 2020 | -3.8% | -0.9% | +6.4% | |
| Q2 2020 | +0.9% | +1.6% | -1.4% | |
| Q1 2020 | +2.6% | +6.0% | +11.9% | |
| Q4 2019 | -3.5% | -1.0% | -9.8% | |
| Q3 2019 | +5.8% | +6.5% | +10.7% | |
| Q2 2019 | -4.2% | -4.1% | -3.8% | |
| Q1 2019 | -1.0% | -0.4% | +0.8% | |
| Q4 2018 | +7.7% | +9.9% | +10.9% | |
| Q3 2018 | +6.2% | +9.1% | +10.0% | |
| Q2 2018 | -3.8% | -4.8% | -3.9% | |
| Q1 2018 | -0.2% | -1.4% | -1.6% | |
| Q4 2017 | +1.4% | -1.5% | -1.1% | |
| Q3 2017 | -4.1% | -4.2% | -2.5% | |
| Q2 2017 | -1.9% | -1.8% | -4.1% | |
| Q1 2017 | +1.0% | +0.9% | +4.0% | |
| Q4 2016 | +4.6% | +3.5% | +10.1% | |
| Q3 2016 | -2.7% | -2.3% | +6.9% | |
| Q2 2016 | -1.1% | -0.6% | +1.1% | |
| Q1 2016 | +1.5% | — | — | |
| Q4 2015 | +3.4% | — | — | |
| Q3 2015 | +2.8% | — | — | |
| Q2 2015 | -0.2% | — | — | |
| Q1 2015 | -0.4% | — | — | |
| Q4 2014 | -0.9% | — | — | |
| Q3 2014 | +2.2% | — | — | |
| Q2 2014 | +1.5% | — | — | |
| Q1 2014 | -1.0% | — | — | |
| Q4 2013 | +2.1% | — | — | |
| Q3 2013 | +0.0% | — | — | |
| Q2 2013 | -0.2% | — | — | |
| Q1 2013 | +2.5% | — | — | |
| Q4 2012 | -0.1% | — | — | |
| Q3 2012 | +0.7% | — | — | |
| Q2 2012 | +1.7% | — | — | |
| Q1 2012 | +2.0% | — | — | |
| Q4 2011 | -1.1% | — | — | |
| Q3 2011 | +0.2% | — | — | |
| Q2 2011 | -9.4% | — | — | |
| Q1 2011 | +0.5% | — | — | |
| Q4 2007 | +0.2% | — | — | |
| Q4 2010 | +0.2% | — | — | |
| Q3 2010 | -2.8% | — | — | |
| Q2 2010 | +2.6% | — | — | |
| Q1 2009 | +2.1% | — | — | |
| Q1 2010 | -0.5% | — | — | |
| Q4 2009 | +0.6% | — | — | |
| Q3 2008 | +1.8% | — | — | |
| Q3 2009 | +1.8% | — | — | |
| Q2 2008 | -1.2% | — | — | |
| Q4 2008 | -1.2% | — | — | |
| Q2 2009 | -1.2% | — | — |
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