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Sentiment · FY2026 Q1
| Analyst | Firm | Questions | ChallengePercentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|---|
| Greg Peters | Raymond James | 12 | 25% |
| Mike Zaremski | BMO Capital Markets | 12 | 8% |
| Dave Motemaden | Evercore ISI | 12 | 25% |
| Jim Bhullar | JPMorgan | 10 | 20% |
| Meyer Shields | KBW | 10 | 0% |
| Elyse Greenspan | Wells Fargo | 8 | 38% |
| Alex Scott | Barclays | 6 | 0% |
| Brian Meredith | UBS | 6 | 33% |
| Rob Cox | Goldman Sachs | 6 | 0% |
| Taylor Scott | Barclays | 2 | 0% |
| Firm | Analysts | Questions | ChallengePercentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|---|
| BMO Capital Markets | 1 | 12 | 8% |
| Evercore ISI | 1 | 12 | 25% |
| Raymond James | 1 | 12 | 25% |
| KBW | 1 |
| 10 |
| 0% |
| JPMorgan | 1 | 10 | 20% |
| Wells Fargo | 1 | 8 | 38% |
| Barclays | 2 | 8 | 0% |
| Goldman Sachs | 1 | 6 | 0% |
Marsh McLennan delivered consolidated revenue of $7.6 billion with 4% underlying growth and adjusted operating income of $2.4 billion growing 8%, though GAAP EPS declined 15% due to a $425 million Greenfield litigation charge unrelated to core operations. Management reiterated FY2026 guidance of underlying revenue growth similar to 2025, continued margin expansion, and solid adjusted EPS growth, while advancing AI-powered tools across the platform and announcing the AltamarCAM acquisition to expand private capital advisory capabilities.
Revenue Growth | Pricing | Demand | Competitive Dynamics | M&A | Macroeconomic | Capital Allocation | Margin | |
|---|---|---|---|---|---|---|---|---|
| 2024Q4 | 7 | 3 | 4 | 2 | 5 | 1 | 2 | 4 |
| 2025Q1 | 5 | 7 | 3 | 2 | 3 | 4 | 1 | |
| 2025Q2 | 5 | 2 | 5 | 1 | 3 | 1 | 1 | |
| 2025Q3 | 9 | 2 | 2 | 5 | 3 | 3 | 3 | 2 |
| 2025Q4 | 5 | 3 | 3 | 3 | 2 | 1 | 2 | 1 |
| 2026Q1 | 4 | 3 | 2 | 4 | 3 | 3 | 2 |
| '24Q4 | '25Q1 | '25Q2 | '25Q3 | '25Q4 | '26Q1 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 7 | 5 | 5 | 9 | 5 | 4 |
| Pricing | 3 | 7 | 2 | 2 | 3 | 3 |
| Demand | 4 | 3 | 5 | 2 | 3 | 2 |
| Competitive Dynamics | 2 | 2 | 1 | 5 | 3 | 4 |
| M&A | 5 | 3 | 3 | 2 | 3 | |
| Macroeconomic | 1 | 4 | 3 | 3 | 1 | |
| Capital Allocation | 2 | 1 | 3 | 2 | 3 | |
| Margin | 4 | 1 | 1 | 2 | 1 | 2 |
| Company | Score | Trend | Rev YoY |
|---|---|---|---|
MRSH Marsh & McLennan Companies, Inc. | 6 | +7.6% | |
| AJG Arthur J. Gallagher & Co. | 6 | +27.6% | |
| AON Aon | 7 | +6.5% | |
| BRO Brown & Brown | 6 | +37.3% | |
| WTW Willis Towers Watson | 5 | +8.5% |