Marsh (HAM:MSN) Other Operating Expense: €4,890 Mil (TTM As of Mar. 2026)


HAM:MSN Marsh HAM:MSN
64 GF Score
Price €156.20
GF Value €221.14
Valuation Significantly Undervalued
! 4 Warning Signs
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What is Marsh Other Operating Expense?

Marsh HAM:MSN -0.51% 64 Other Operating Expense is €4,890 Mil as of Mar. 2026. GuruFocus rates HAM:MSN with a GF Score™ of 64/100 and a GF Value™ of €221.14 (Significantly Undervalued). The stock has 4 warning signs investors should review.

Marsh's Other Operating Expense for the three months ended in Mar. 2026 was €1,482 Mil. Its Other Operating Expense for the trailing twelve months (TTM) ended in Mar. 2026 was €4,890 Mil.

Marsh's quarterly Other Operating Expense increased from Sep. 2025 (€1,097 Mil) to Dec. 2025 (€1,228 Mil) and increased from Dec. 2025 (€1,228 Mil) to Mar. 2026 (€1,482 Mil).

Marsh's annual Other Operating Expense increased from Dec. 2023 (€3,994 Mil) to Dec. 2024 (€4,436 Mil) but then declined from Dec. 2024 (€4,436 Mil) to Dec. 2025 (€4,425 Mil).


Marsh Other Operating Expense Historical Data

* Premium members only.

The historical data trend for Marsh's Other Operating Expense can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Marsh Other Operating Expense Chart

Marsh Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Other Operating Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3,613.46 4,124.34 3,993.54 4,435.98 4,424.57

Marsh Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Other Operating Expense Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1,115.55 1,083.75 1,096.52 1,228.05 1,481.75
HAM:MSN
64GF Score
Marsh HAM:MSN
Other Operating Expense is just one metric. See GF Score™, valuation, warning signs, and more.
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Marsh Other Operating Expense Calculation

GuruFocus uses a standardized financial statement format for all companies. For non-financial companies, GuruFocus lists Selling, General, & Admin. Expense, , Research & Development, and Other Operating Expense under the "Total Operating Expense" section.

Other Operating Expense sometimes includes:
Restructuring, and merger
Acquisition related and other
Litigation settlement charge
Other (too numerous to list)

Some companies can and do choose to report each of these items separately. Yet, there are a variety of Other Operating Expense which are simply too numerous to list.

Other Operating Expense for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was €4,890 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

What does a Other Operating Expense of €4,890 Mil mean?
Marsh (HAM:MSN) has a Other Operating Expense of €4,890 Mil as of Mar. 2026. Other operating expenses that a company records on its income statement. View historical data on Marsh and its competitors.
Is Marsh's Other Operating Expense too high?
Marsh's current Other Operating Expense is €4,890 Mil. Overall, Marsh has a GF Score™ of 64/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Marsh's Other Operating Expense compare to AON and AJG?
Marsh's Other Operating Expense of €4,890 Mil can be compared against companies in the Insurance industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Other Operating Expense for an Insurance company?
A good Other Operating Expense depends on the Insurance industry context. However, Other Operating Expense should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Other Operating Expense mean?
A high Other Operating Expense can signal that a stock is expensive relative to its fundamentals. Other operating expenses that a company records on its income statement. View historical data on Marsh and its competitors. Marsh's current Other Operating Expense is €4,890 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Marsh stock overvalued right now?
Based on GuruFocus' analysis, Marsh (HAM:MSN) is currently considered Significantly Undervalued. The stock's GF Value™ is €221.14, compared to a current price of €156.20 — trading 29.4% below its estimated fair value. The current Other Operating Expense is €4,890 Mil. Marsh's overall GF Score™ is 64/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Other Operating Expense calculated?
Other Operating Expense is calculated from a company's financial statements. For Marsh (HAM:MSN), the current Other Operating Expense is €4,890 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Marsh (HAM:MSN) Overvalued in 2026?

Based on GuruFocus' analysis, Marsh stock appears to be undervalued. The current stock price of €156.20 is trading 29.4% below its estimated GF Value™ of €221.14. GuruFocus considers Marsh to be Significantly Undervalued.

Key valuation signals for HAM:MSN:

  • Other Operating Expense: €4,890 Mil
  • GF Value™: €221.14 vs. price of €156.20 (29.4% below fair value)
  • GF Score™: 64/100 with 4 warning signs

No single metric tells the full story. See the HAM:MSN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Marsh Business Description

Address 1166 Avenue of the Americas, New York, NY, USA, 10036-2774
Marsh is a professional services firm that provides advice and solutions in the areas of risk, strategy, and human capital. The company operates through two main segments: risk and insurance services and consulting. In risk and insurance services, the firm offers services via Marsh (an insurance broker) and Guy Carpenter (a risk and reinsurance specialist). The consulting division comprises Mercer (a provider of human resource services) and Oliver Wyman (a management and economic consultancy). About half of its revenue is generated outside the US.
64GF Score

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Other Operating Expense is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€156.20
Price
€221.14
GF Value