MRSH
Marsh & McLennan Companies, Inc.
Stock
$170.06−1.79 (−1.04%)Close Oct 2, 2026 · Formerly MMC
Cash flow statement
| Line | Last 12 months | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $5.1B | $5.3B | $4.3B | $4.3B | $3.5B | $3.5B | $3.4B | $2.4B | $2.4B | $1.9B | $2.0B | $1.9B | $2.1B | $1.3B | $1.3B | $1.7B | $722M | $640M | $940M | −$303M |
| Capital expenditures | $311M | $291M | $316M | $416M | $470M | $406M | $348M | $421M | $314M | $302M | $253M | $325M | $368M | $401M | $320M | $280M | $271M | $305M | $386M | $378M |
| Free cash flow | $4.8B | $5.0B | $4.0B | $3.8B | $3.0B | $3.1B | $3.0B | $1.9B | $2.1B | $1.6B | $1.8B | $1.6B | $1.8B | $940M | $1.0B | $1.4B | $451M | $335M | $554M | −$681M |
| Stock-based compensation | $419M | $394M | $368M | $363M | $367M | $348M | $290M | $252M | $193M | $149M | $109M | $88M | $93M | $129M | $177M | $165M | $174M | $193M | — | — |
| Buybacks | $2.9B | $2.0B | $900M | $1.2B | $2.0B | $1.2B | $0 | $485M | $675M | $900M | $800M | $1.4B | $800M | $550M | $230M | $361M | $86M | $33M | $39M | $1.3B |
| Dividends paid | $1.8B | $1.7B | $1.5B | $1.3B | $1.1B | $1.0B | $943M | $890M | $807M | $740M | $682M | $632M | $582M | $533M | $497M | $480M | $452M | $431M | $412M | $413M |
| Dividends per share | $3.60 | $3.43 | $3.05 | $2.60 | $2.25 | — | — | — | — | — | — | — | — | — | $0.90 | $0.86 | $0.81 | $0.80 | $0.80 | — |
| Free cash flow margin | 17.1% | 18.5% | 16.3% | 16.9% | 14.5% | 15.7% | 17.6% | 11.7% | 14.1% | 11.3% | 13.3% | — | — | — | — | — | — | — | — | — |