Marsh (NYSE: MRSH), a global leader in risk, reinsurance and capital, people and investments, and management consulting, today reported financial results for the first quarter ended March 31, 2026.

John Doyle, President and CEO, said: "We had a solid start to the year, and I am pleased with our execution in a dynamic and challenging environment. For the quarter, we generated 8% overall revenue growth, 4% underlying revenue growth, 8% adjusted operating income growth, and 8% adjusted EPS growth."

"Our results reflect Marsh's market leadership, our clients' trust in our team's expertise, and the strength of our data and insights."

Consolidated Results

Consolidated revenue in the first quarter of 2026 was $7.6 billion, an increase of 8% compared with the first quarter of 2025, or 4% on an underlying basis. Operating income fell 12% to $1.8 billion and included a $425 million charge related to the Greensill litigation. Adjusted operating income, which excludes noteworthy items and identified intangible amortization expense as presented in the attached supplemental schedules, rose 8% to $2.4 billion. Net income attributable to the Company was $1.1 billion. Earnings per share were $2.36. Adjusted earnings per share increased 8% to $3.29.

Risk and Insurance Services

Risk & Insurance Services revenue was $5.1 billion in the first quarter of 2026, an increase of 6%, or 3% on an underlying basis. Operating income decreased 19% to $1.3 billion and included the charge related to the Greensill litigation, while adjusted operating income increased 7% to $1.9 billion.

Marsh Risk's revenue in the first quarter of 2026 was $3.7 billion, an increase of 8%, or 4% on an underlying basis. In U.S./Canada, underlying revenue growth was 3%. In International, underlying revenue growth was 5%, and included 6% growth in EMEA, 5% growth in Asia Pacific, and 2% growth in Latin America.

Guy Carpenter's revenue in the first quarter was $1.2 billion, an increase of 3%, or 2% on an underlying basis.

Consulting

Consulting revenue was $2.6 billion in the first quarter of 2026, an increase of 11%, or 5% on an underlying basis. Operating income increased 15% to $525 million, while adjusted operating income increased 13% to $552 million.

Mercer's revenue in the first quarter was $1.7 billion, an increase of 11%, or 5% on an underlying basis. Wealth revenue grew 5%, Health revenue increased 6%, and Career revenue declined 2%, all on an underlying basis.

Marsh Management Consulting's revenue in the first quarter of 2026 was $897 million, an increase of 10%, or 6% on an underlying basis.

Other Items

The Company repurchased approximately 4.2 million shares of stock for $750 million in the first quarter of 2026.

In the first quarter of 2026, the Company issued $600 million of senior notes and repaid $600 million of senior notes that matured.

Conference Call

A conference call to discuss first quarter 2026 results will be held today at 8:30 a.m. Eastern time. The live audio webcast may be accessed at corporate.marsh.com. A replay of the webcast will be available approximately two hours after the event. The webcast is listen-only. Those interested in participating in the question-and-answer session may register here to receive the dial-in numbers and unique PIN to access the call.

About Marsh

Marsh (NYSE: MRSH) is a global leader in risk, reinsurance and capital, people and investments, and management consulting, advising clients in 130 countries. With annual revenue of $27 billion and more than 95,000 colleagues, Marsh helps build the confidence to thrive through the power of perspective. For more information, visit corporate.marsh.com, or follow us on LinkedIn and X.

INFORMATION CONCERNING FORWARD-LOOKING STATEMENTS

This press release contains "forward-looking statements," as defined in the Private Securities Litigation Reform Act of 1995. These statements, which express management's current views concerning future events or results, use words like "anticipate," "assume," "believe," "continue," "estimate," "expect," "intend," "plan," "project" and similar terms, and future or conditional tense verbs like "could," "may," "might," "should," "will" and "would".

Forward-looking statements are subject to inherent risks and uncertainties that could cause actual results to differ materially from those expressed or implied in our forward-looking statements. Factors that could materially affect our future results include, among other things:

  • the impact of geopolitical or macroeconomic conditions on us, our clients and the countries and industries in which we operate, including from the conflict in the Middle East and other wars and global conflicts, social unrest, tariffs or changes in trade policies, slower GDP growth or recession, fluctuations in foreign exchange rates, lower interest rates, capital markets volatility, inflation and changes in insurance premium rates;
  • the impact from lawsuits or investigations arising from errors and omissions, breaches of fiduciary duty or other claims against us in our capacity as a broker or investment advisor, including claims related to our investment business’ ability to execute timely trades;
  • the increasing prevalence of ransomware, supply chain and other forms of cyber attacks, and their potential to disrupt our operations, or the operations of our third party vendors, and result in the disclosure of confidential client or company information;
  • the financial and operational impact of complying with laws and regulations, including domestic and international sanctions regimes, anti-corruption laws such as the U.S. Foreign Corrupt Practices Act, U.K. Anti Bribery Act and cybersecurity, data privacy and artificial intelligence regulations;
  • our ability to attract, retain and develop industry leading talent;
  • our ability to compete effectively and adapt to competitive pressures and market changes in each of our businesses, including from disintermediation as well as technological change, digital disruption and other types of innovation such as artificial intelligence;
  • our ability to manage potential conflicts of interest, including where our services to a client conflict, or are perceived to conflict, with the interests of another client or our own interests;
  • our ability to fully realize the opportunities and efficiencies from the Thrive program, which focuses on our brand strategy, delivering greater value to clients, accelerating growth and improving efficiency;
  • the regulatory, contractual and reputational risks that arise based on insurance placement activities and insurer revenue streams; and
  • the impact of changes in tax laws, guidance and interpretations, such as the implementation of the Organization for Economic Cooperation and Development international tax framework, or the increasing number of challenges from tax authorities in the current global tax environment.

The factors identified above are not exhaustive. Marsh and its consolidated subsidiaries (collectively, the "Company") operate in a dynamic business environment in which new risks emerge frequently. Accordingly, we caution readers not to place undue reliance on any forward-looking statements, which are based only on information currently available to us and speak only as of the dates on which they are made. The Company undertakes no obligation to update or revise any forward-looking statement to reflect events or circumstances arising after the date on which it is made.

Further information concerning the Company, including information about factors that could materially affect our results of operations and financial condition, is contained in the Company's filings with the Securities and Exchange Commission, including the "Risk Factors" section and the "Management’s Discussion and Analysis of Financial Condition and Results of Operations" section of our most recently filed Annual Report on Form 10-K.

Marsh & McLennan Companies, Inc.
Consolidated Statements of Income
(In millions, except per share data)
(Unaudited)

Three Months Ended

March 31,

2026

2025

Revenue

$

7,597

$

7,061

Expense:

Compensation and benefits

4,130

3,850

Other operating expenses

1,713

1,206

Operating expenses

5,843

5,056

Operating income

1,754

2,005

Other net benefit credits

50

43

Interest income

11

19

Interest expense

(240

)

(245

)

Investment income

6

5

Income before income taxes

1,581

1,827

Income tax expense

395

415

Net income before non-controlling interests

1,186

1,412

Less: Net income attributable to non-controlling interests

40

31

Net income attributable to the Company

$

1,146

$

1,381

Net income per share attributable to the Company:

- Basic

$

2.37

$

2.81

- Diluted

$

2.36

$

2.79

Average number of shares outstanding:

- Basic

484

492

- Diluted

486

495

Shares outstanding at March 31

482

493

Marsh & McLennan Companies, Inc.
Supplemental Information - Revenue Analysis
Three Months Ended March 31
(Millions) (Unaudited)

The Company advises clients in 130 countries. As a result, foreign exchange rate movements may impact period over period comparisons of revenue. Similarly, certain other items such as acquisitions and dispositions, including transfers among businesses, may impact period over period comparisons of revenue. Non-GAAP underlying revenue measures the change in revenue from one period to the next by isolating these impacts.

Components of Revenue Change*

Three Months Ended

March 31,

% Change

GAAP Revenue*

Currency Impact

Acquisitions/

Dispositions/ Other Impact**

Non-GAAP

Underlying Revenue

2026

2025

Risk and Insurance Services

Marsh Risk

$

3,726

$

3,453

8

%

3

%

1

%

4

%

Guy Carpenter

1,240

1,206

3

%

2

%

(1

)%

2

%

Subtotal

4,966

4,659

7

%

3

%

—

4

%

Fiduciary Interest Income

85

103

Total Risk and Insurance Services

5,051

4,762

6

%

3

%

—

3

%

Consulting

Mercer

1,661

1,496

11

%

5

%

2

%

5

%

Marsh Management Consulting

897

818

10

%

3

%

—

6

%

Total Consulting

2,558

2,314

11

%

4

%

1

%

5

%

Corporate Eliminations

(12

)

(15

)

Total Revenue

$

7,597

$

7,061

8

%

3

%

1

%

4

%

Revenue Details

The following table provides more detailed revenue information for certain of the components presented above:

Components of Revenue Change*

Three Months Ended

March 31,

% Change

GAAP Revenue*

Currency Impact

Acquisitions/

Dispositions/ Other Impact**

Non-GAAP

Underlying Revenue

2026

2025

Marsh Risk:

EMEA

$

1,208

$

1,059

14

%

8

%

1

%

6

%

Asia Pacific

369

335

10

%

4

%

1

%

5

%

Latin America

136

124

10

%

7

%

—

2

%

Total International

1,713

1,518

13

%

7

%

1

%

5

%

U.S./Canada

2,013

1,935

4

%

—

—

3

%

Total Marsh Risk

$

3,726

$

3,453

8

%

3

%

1

%

4

%

Mercer:

Wealth

$

752

$

670

12

%

6

%

1

%

5

%

Health

661

608

9

%

3

%

(1

)%

6

%

Career

248

218

13

%

5

%

11

%

(2

)%

Total Mercer

$

1,661

$

1,496

11

%

5

%

2

%

5

%

*

Rounded to whole percentages. Components of revenue may not add due to rounding.

**

Acquisitions, dispositions and other includes the impact of current and prior year items excluded from the calculation of non-GAAP underlying revenue for comparability purposes. Details on these items are provided in the reconciliation of non-GAAP revenue to GAAP revenue tables included in this release.

Marsh & McLennan Companies, Inc.
Reconciliation of Non-GAAP Measures
Three Months Ended March 31
(Millions) (Unaudited)

Overview

The Company reports its financial results in accordance with accounting principles generally accepted in the United States (referred to in this release as in accordance with "GAAP" or "reported" results). The Company also refers to and presents certain additional non-GAAP financial measures, within the meaning of Regulation G and item 10(e) Regulation S-K in accordance with the Securities Exchange Act of 1934. These measures are: non-GAAP revenue,adjusted operating income (loss), adjusted operating margin, adjusted income, net of tax and adjusted earnings per share (EPS). The Company has included reconciliations of these non-GAAP financial measures to the most directly comparable financial measure calculated in accordance with GAAP in the following tables.

The Company believes these non-GAAP financial measures provide useful supplemental information that enables investors to better compare the Company’s performance across periods. Management also uses these measures internally to assess the operating performance of its businesses and to decide how to allocate resources. However, investors should not consider these non-GAAP measures in isolation from, or as a substitute for, the financial information that the Company reports in accordance with GAAP. The Company's non-GAAP measures include adjustments that reflect how management views its businesses, and may differ from similarly titled non-GAAP measures presented by other companies.

Adjusted Operating Income (Loss) and Adjusted Operating Margin

Adjusted operating income (loss) is calculated by excluding the impact of certain noteworthy items and identified intangible amortization expense from the Company's GAAP operating income (loss). The following tables reconcile adjusted operating income (loss) to GAAP operating income (loss) on a consolidated and reportable segment basis for the three months ended March 31, 2026 and 2025. The following tables also present adjusted operating margin. For the three months ended March 31, 2026 and 2025, adjusted operating margin is calculated by dividing the sum of adjusted operating income by consolidated or segment adjusted revenue. The Company's adjusted revenue used in the determination of adjusted operating margin is calculated by excluding the impact of certain noteworthy items from the Company's GAAP revenue.

Risk & Insurance Services

Consulting

Corporate/

Eliminations

Total

Three Months Ended March 31, 2026

Operating income (loss)

$

1,311

$

525

$

(82

)

$

1,754

Operating margin

26.0

%

20.5

%

N/A

23.1

%

Add (deduct) impact of noteworthy items:

Restructuring (a)

27

13

5

45

Changes in contingent and deferred consideration (b)

15

1

—

16

McGriff integration and retention related costs

39

—

3

42

Greensill litigation (c)

425

—

—

425

Acquisition and disposition related gains

(1

)

(6

)

—

(7

)

Total noteworthy items

505

8

8

521

Identified intangible amortization expense

119

19

—

138

Operating income adjustments

624

27

8

659

Adjusted operating income (loss)

$

1,935

$

552

$

(74

)

$

2,413

Adjusted operating margin

38.3

%

21.6

%

N/A

31.8

%

Three Months Ended March 31, 2025

Operating income (loss)

$

1,613

$

456

$

(64

)

$

2,005

Operating margin

33.9

%

19.7

%

N/A

28.4

%

Add (deduct) impact of noteworthy items:

Restructuring (a)

23

8

1

32

Changes in contingent and deferred consideration (b)

3

6

—

9

McGriff integration and retention related costs

69

—

—

69

Acquisition related costs (d)

7

2

—

9

Acquisition and disposition related gains (e)

(28

)

—

—

(28

)

Total noteworthy items

74

16

1

91

Identified intangible amortization expense

120

19

—

139

Operating income adjustments

194

35

1

230

Adjusted operating income (loss)

$

1,807

$

491

$

(63

)

$

2,235

Adjusted operating margin

38.2

%

21.2

%

N/A

31.8

%

(a)

In the third quarter of 2025, the Company launched a three-year program, Thrive, which focuses on our brand strategy, delivering greater value to clients, accelerating growth and improving efficiency. The program will generate savings from process and automation efficiencies and optimization of our global operating model. Costs in 2025 relate primarily to severance and lease exit charges.

(b)

Reflects the change in the fair value of contingent consideration and deferred acquisition related costs.

(c)

Reflects estimated liability and legal expenses related to the Greensill litigation.

(d)

Reflects one-time acquisition and disposition related retention and other costs.

(e)

Risk and Insurance Services in 2025 includes a gain on the sale of a business and a gain on the remeasurement of an investment. These amounts are included in revenue in the consolidated statements of income and excluded from non-GAAP underlying revenue and adjusted revenue used in the calculation of adjusted operating margin.

Marsh & McLennan Companies, Inc.
Reconciliation of Non-GAAP Measures
Three Months Ended March 31
(In millions, except per share data)
(Unaudited)

Adjusted income, net of tax is calculated as the Company's GAAP income from continuing operations, adjusted to reflect the after tax impact of the operating income adjustments in the preceding tables and the additional items listed below. Adjusted EPS is calculated by dividing the Company’s adjusted income, net of tax, by the average number of shares outstanding-diluted for the relevant period. The following tables reconcile adjusted income, net of tax to GAAP income from continuing operations and adjusted EPS to GAAP EPS for the three months ended March 31, 2026 and 2025.

Three Months Ended
March 31, 2026

Three Months Ended
March 31, 2025

Amount

Adjusted EPS

Amount

Adjusted EPS

Net income before non-controlling interests, as reported

$

1,186

$

1,412

Less: Non-controlling interest, net of tax

40

31

Subtotal

$

1,146

$

2.36

$

1,381

$

2.79

Operating income adjustments

$

659

$

230

Other net benefit credits

(50

)

(43

)

Investments adjustment

(2

)

(2

)

Income tax effect of adjustments (a)

(153

)

(50

)

454

0.93

135

0.27

Adjusted income, net of tax

$

1,600

$

3.29

$

1,516

$

3.06

(a)

For items with an income tax impact, the tax effect was calculated using an estimated effective tax rate for each item based on jurisdiction with a blended rate for items occurring in multiple jurisdictions.

Marsh & McLennan Companies, Inc.
Supplemental Information
Three Months Ended March 31
(Millions) (Unaudited)

Three Months Ended

March 31,

2026

2025

Consolidated

Compensation and benefits

$

4,130

$

3,850

Other operating expenses

1,713

1,206

Total expenses

$

5,843

$

5,056

Depreciation and amortization expense

$

89

$

88

Identified intangible amortization expense

138

139

Total

$

227

$

227

Risk and Insurance Services

Compensation and benefits

$

2,606

$

2,451

Other operating expenses

1,134

698

Total expenses

$

3,740

$

3,149

Depreciation and amortization expense

$

50

$

50

Identified intangible amortization expense

119

120

Total

$

169

$

170

Consulting

Compensation and benefits

$

1,475

$

1,363

Other operating expenses

558

495

Total expenses

$

2,033

$

1,858

Depreciation and amortization expense

$

25

$

24

Identified intangible amortization expense

19

19

Total

$

44

$

43

Marsh & McLennan Companies, Inc.
Consolidated Balance Sheets
(Millions)

(Unaudited)

March 31,

2026

December 31,

2025

ASSETS

Current assets:

Cash and cash equivalents

$

1,611

$

2,687

Cash and cash equivalents held in a fiduciary capacity

11,744

11,473

Net receivables

8,427

7,670

Other current assets

1,454

1,370

Total current assets

23,236

23,200

Goodwill and intangible assets

28,880

29,083

Fixed assets, net

814

829

Pension related assets

2,168

2,140

Right of use assets

1,460

1,460

Deferred tax assets

193

212

Other assets

1,801

1,786

TOTAL ASSETS

$

58,552

$

58,710

LIABILITIES AND EQUITY

Current liabilities:

Short-term debt

$

1,702

$

1,267

Accounts payable and accrued liabilities

4,180

3,652

Accrued compensation and employee benefits

1,945

3,962

Current lease liabilities

326

333

Accrued income taxes

572

373

Dividends payable

436

—

Fiduciary liabilities

11,744

11,473

Total current liabilities

20,905

21,060

Long-term debt

18,900

18,320

Pension, post-retirement and post-employment benefits

752

786

Long-term lease liabilities

1,523

1,529

Liabilities for errors and omissions

286

288

Other liabilities

1,380

1,412

Total equity

14,806

15,315

TOTAL LIABILITIES AND EQUITY

$

58,552

$

58,710

Marsh & McLennan Companies, Inc.
Consolidated Statements of Cash Flows
(Millions) (Unaudited)

Three Months Ended

March 31,

2026

2025

Operating cash flows:

Net income before non-controlling interests

$

1,186

$

1,412

Adjustments to reconcile net income to cash provided by operations:

Depreciation and amortization

227

227

Non-cash lease expense

76

73

Share-based compensation expense

139

112

Net (gain) on investments, disposition of assets and other

(3

)

(39

)

Changes in assets and liabilities:

Accrued compensation and employee benefits

(2,004

)

(1,858

)

Provision for taxes, net of payments and refunds

157

178

Net receivables

(784

)

(599

)

Other changes to assets and liabilities

465

9

Contributions to pension and other benefit plans in excess of current year credit

(61

)

(55

)

Operating lease liabilities

(86

)

(82

)

Net cash provided by (used for) operations

(688

)

(622

)

Financing cash flows:

Purchase of treasury shares

(755

)

(300

)

Net proceeds from issuance of commercial paper

1,049

1,048

Proceeds from issuance of debt

595

—

Repayments of debt

(605

)

(505

)

Net issuance of common stock from treasury shares

(55

)

(9

)

Net distributions of non-controlling interests and deferred/contingent consideration

(36

)

(53

)

Dividends paid

(440

)

(405

)

Change in fiduciary liabilities

361

86

Net cash provided by (used for) financing activities

114

(138

)

Investing cash flows:

Capital expenditures

(62

)

(55

)

Purchases of long-term investments and other

(14

)

(10

)

Sales of long-term investments

1

84

Dispositions

12

25

Acquisitions, net of cash and cash held in a fiduciary capacity acquired

(41

)

(18

)

Net cash provided by (used for) investing activities

(104

)

26

Effect of exchange rate changes on cash, cash equivalents, and cash and cash equivalents held in a fiduciary capacity

(127

)

243

Increase (Decrease) in cash, cash equivalents, and cash and cash equivalents held in a fiduciary capacity

(805

)

(491

)

Cash, cash equivalents, and cash and cash equivalents held in a fiduciary capacity at beginning of period

14,160

13,674

Cash, cash equivalents, and cash and cash equivalents held in a fiduciary capacity at end of period

$

13,355

$

13,183

Reconciliation of cash, cash equivalents, and cash and cash equivalents held in a fiduciary capacity to the Consolidated Balance Sheets

Balance at March 31,

2026

2025

(In millions)

Cash and cash equivalents

$

1,611

$

1,604

Cash and cash equivalents held in a fiduciary capacity

11,744

11,579

Total cash, cash equivalents, and cash and cash equivalents held in a fiduciary capacity

$

13,355

$

13,183

Marsh & McLennan Companies, Inc.
Reconciliation of Non-GAAP Measures
Three Months Ended March 31
(Millions) (Unaudited)

Non-GAAP revenue isolates the impact of foreign exchange rate movements and certain transaction-related items from the current period GAAP revenue. The non-GAAP revenue measure is presented on a constant currency basis, excluding the impact of foreign currency fluctuations. The Company isolates the impact of foreign exchange rate movements period over period, by translating the current period foreign currency GAAP revenue into U.S. Dollars based on the difference in the current and corresponding prior period exchange rates. Similarly, certain other items such as acquisitions and dispositions, including transfers among businesses, may impact period over period comparisons of revenue and are consistently excluded from current and prior period GAAP revenues for comparability purposes. Percentage changes, referred to as non-GAAP underlying revenue, are calculated by dividing the period over period change in non-GAAP revenue by the prior period non-GAAP revenue.

The following table provides the reconciliation of GAAP revenue to non-GAAP revenue:

2026

2025

Three Months Ended March 31,

GAAP Revenue

Currency Impact

Acquisitions/
Dispositions/
Other Impact

Non-GAAP Revenue

GAAP Revenue

Acquisitions/
Dispositions/
Other Impact

Non-GAAP Revenue

Risk and Insurance Services

Marsh Risk

$

3,726

$

(108

)

$

(36

)

$

3,582

$

3,453

$

(18

)

$

3,435

Guy Carpenter

1,240

(26

)

—

1,214

1,206

(12

)

1,194

Subtotal

4,966

(134

)

(36

)

4,796

4,659

(30

)

4,629

Fiduciary Interest Income

85

(1

)

—

84

103

—

103

Total Risk and Insurance Services

5,051

(135

)

(36

)

4,880

4,762

(30

)

4,732

Consulting

Mercer

1,661

(68

)

(31

)

1,562

1,496

(2

)

1,494

Marsh Management Consulting

897

(26

)

(1

)

870

818

—

818

Total Consulting

2,558

(94

)

(32

)

2,432

2,314

(2

)

2,312

Corporate Eliminations

(12

)

—

—

(12

)

(15

)

—

(15

)

Total Revenue

$

7,597

$

(229

)

$

(68

)

$

7,300

$

7,061

$

(32

)

$

7,029

Revenue Details

The following table provides more detailed revenue information for certain of the components presented above:

2026

2025

Three Months Ended March 31,

GAAP Revenue

Currency Impact

Acquisitions/
Dispositions/
Other Impact

Non-GAAP Revenue

GAAP Revenue

Acquisitions/

Dispositions/

Other Impact

Non-GAAP Revenue

Marsh Risk:

EMEA

$

1,208

$

(82

)

$

(9

)

$

1,117

$

1,059

$

(2

)

$

1,057

Asia Pacific

369

(13

)

(4

)

352

335

(1

)

334

Latin America

136

(9

)

—

127

124

—

124

Total International

1,713

(104

)

(13

)

1,596

1,518

(3

)

1,515

U.S./Canada

2,013

(4

)

(23

)

1,986

1,935

(15

)

1,920

Total Marsh Risk

$

3,726

$

(108

)

$

(36

)

$

3,582

$

3,453

$

(18

)

$

3,435

Mercer:

Wealth

$

752

$

(38

)

$

(12

)

$

702

$

670

$

(4

)

$

666

Health

661

(20

)

(2

)

639

608

(5

)

603

Career

248

(10

)

(17

)

221

218

7

225

Total Mercer

$

1,661

$

(68

)

$

(31

)

$

1,562

$

1,496

$

(2

)

$

1,494

Note: Amounts in the tables above are rounded to whole numbers.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260415291324/en/

Avatar for Businesswire

Businesswire

Marsh & McLennan Companies

Senast

175,80

1 dag %

−3,71%
KöpSälj

1 dag

1 mån

1 år

Banker

Chatgpt Image Apr 17 2026 03 35 35 Pm

Igår, 07:00

Bankerna visar korten – detta kan du vänta dig

Nästa vecka släpper storbankerna sina rapporter för första kvartalet. Analytiker ser stabil lönsamhet men flaggar för ökade kostnader och makrooro.

FILE - The logo for Goldman Sachs appears above a trading post on the floor of the New York Stock Exchange, Tuesday, July 13, 2021. Goldman Sachs reports earnings on Tuesday, Jan. 17, 2023. (AP Photo/Richard Drew) NYBZ452

Igår, 07:00

USA:s storbanker levererar men flaggar för risker

De amerikanska storbankerna startar 2026 med vinster som överträffar förväntningarna. Rapporterna visar att konsumenterna spenderar och företagen lånar. Men några av bankerna varnar för grumliga utsikter.

Klaar 33

Idag, 07:00

Atrium Ljungberg: Bra bestånd – osäkert läge

Atrium Ljungberg har ett mycket fint fastighetsbestånd i centrala lägen i Stockholm. Aktien står nu inte långt över botten från sommaren 2022. Vågar man slå till trots osäkerheten på räntemarknaden?

Analys

Kinnevik April 2026

17 april, 15:05

Kinnevik: Viktiga pusselbitar saknas fortfarande

Den AI-relaterade slakten på mjukvarubolag slår nu hårt mot Kinneviks substansvärde, som rasar över 20% i första kvartalet. Samtidigt stoppar bolaget nyinvesteringar i sin klimatportfölj, där innehav som Stegra och Aira nu skrivs ned med över hälften. Än saknas många pusselbitar kring vad Kinnevik ska bli i framtiden.

Nibeta

17 april, 08:41

Analytikern: Tre köpvärda aktier inför rapportperioden

Inför den stundande rapportperioden för första kvartalet 2026, har den tekniska bilden stärkts i tre aktier där volymbalansen utmärker sig.

Klaar 32

16 april, 08:00

Lovisagruvan: Är osäkerheten för stor?

Lovisagruvan har de senaste åren haft problem att hitta någon som kan anrika bolagets malm. Nu verkar en permanent lösning finnas inom räckhåll.

Vecka16

17 april, 14:49

Veckans vinnare och förlorare på Stockholmsbörsen

Under veckan rörde sig breda OMXSPI-index 1,9%. Men enskilda aktier bjöd på både dramatiska lyft och fall. Här är de stora vinnarna och förlorarna.

Ericsson

STOCKHOLM, SVERIGE 20250715 Ericssons VD Börje Ekholm intervjuas på huvudkontoret i Kista i samband med att delårsrapporten för andra kvartalet publiceras. Foto: Oscar Olsson / TT / Kod 12046

17 april, 10:27

Ericssons vinst rasar 79% – här är förklaring

Vinsten faller kraftigt för Ericsson trots organiskt tillväxt och starkt kassaflöde. Placera förklarar vad som ligger bakom raset.

Mp Ericsson Hq Signage 14 Original

17 april, 07:26

Ericsson sämre än väntat

Telekomleverantören Ericsson redovisar en sämre än förväntad delårsrapport för det första kvartalet.

Ekobrott1

17 april, 07:29

Günther Mårder misstänks för grovt insiderbrott

Aktieprofilen Günther Mårder har begärts häktad, misstänkt för grovt insiderbrott. Det bekräftar åklagare Thomas Hertz för Di.

Internationellt

Kopia Av Kopia Av Placera Tvasplit 5

17 april, 09:08

Netflix vinstrekord räcker inte – grundarens exit sänker aktien

Trots en stark rapport backar Netflix på börsen. Beskedet att medgrundaren Reed Hastings nu lämnar sin roll som styrelseordförande skapar osäkerhet om bolagets framtida riktning och tillväxttakt.

FILE -A building of TSMC or Taiwan Semiconductor Manufacturing Corp., a Taiwanese multinational semiconductor contract manufacturing and design company, in Hsinchu, Taiwan, on Thursday, Jan. 29, 2026. (AP Photo/Daniel Ceng, File) tok502

16 april, 16:32

TSMC:s vinst rusar 58% när AI-efterfrågan exploderar

Chiptillverkaren TSMC levererar ett rekordkvartal med intäkter på 35,9 miljarder dollar och en vinst som steg 58% jämfört med ett år tidigare. AI-chipen driver tillväxten och bolaget höjer prognosen för helåret.

Sbabstockholm

17 april, 07:49

Rekordmånga binder bolåneräntan

Rekordmånga band bolåneräntan i mars, enligt SBAB.

Kopia Av Kopia Av Placera Tvasplit 4

16 april, 16:11

Kinneviks VD: "Inte levt upp till förväntningarna"

Investmentbolaget Kinnevik redovisar ett av sina tuffaste kvartal på länge. Substansvärdet sjönk 22% och affärsområdet för "klimatteknik" skrotas. Affärsvärldens analytiker Daniel Zetterberg ger sin syn på agerandet.

Iran 1

16 april, 16:25

Varningen: Kriget kan leda till global recession

Den globala ekonomin riskerar ett stort bakslag om kriget i Iran drar ut på tiden. Det varnar Internationella valutafonden för i en ny rapport.

Finansiella Rapporter Och Militar Industri

16 april, 14:46

Inför rapporterna: Så värderas försvarsbolagen

Förväntningarna är högt ställda på försvarsbolagen när det är dags att öppna böckerna. Saab värderas högst, visar Placeras genomgång.

Sivers 2 900x600

16 april, 14:03

Åklagaren om Sivers: ”Det måste ha läckt”

48 timmar efter att ett Twitterkonto sagt sig ha fått bekräftat av ledningen att Sivers ska noteras i USA, meddelar bolaget att de överväger en USA-notering. "Det där måste ha läckt, det kan ju inte vara en slump", säger Jonas Myrdal på Ekobrottsmyndigheten.

Kopia Av Kopia Av Afv Dubbel 2

16 april, 10:15

Börsrallyt sätter fälla: ”Små misstag kan straffas”

Rapportsäsongen är igång och stort fokus ligger på vad bolagen säger om framtiden. För Placera delar Erik Hansén och David Bagge med sig av vad de letar efter, vilka bolag som står i fokus och varför den som har is i magen kan vinna på att vänta.

Stegra 2 900x600

16 april, 10:35

Ny smäll för Stegra: Kinnevik skriver ned 83%

Kinnevik deltar inte i Stegras nya finansieringsrunda och skriver samtidigt ner värdet på innehavet kraftigt. Men även den nya värderingen kan vara överdrivet optimistisk. "Kinnevik bygger värderingen på ett stort antagande, nämligen att Stegra når sin reviderade affärsplan", säger Peter Benson, ansvarig utgivare för Placera.

Sivers

16 april, 07:07

Sivers Semiconductors överväger USA-notering

Teknikföretaget Sivers Semiconductors har beslutat om riktad nyemission som tillför cirka 125 miljoner kronor före emissionskostnader. I samband med detta uppger bolaget också att det utvärderar en dubbelnotering av aktien i USA, enligt separata pressmeddelanden.

** File ** In this May 2, 2008 file photo, the logo of ABB Ltd., the world's largest builder of electricity grids, seen, in Zuerich-Oerlikon. Swiss-Swedish engineering group ABB Ltd. said Thursday, Deb. 12, 2009, net profit for the fourth quarter dropped 88 percent mainly because of a one-off provision for investigations into alleged price-fixing, and said the outlook "remains uncertain." (AP Photo/Keystone/ Lisa Maire, File)

16 april, 07:56

Analytikerna justerar riktkurser – köp för ABB och Volvo

ABB får dubbla köpråd samtidigt som Volvo och Mycronic lyfts. Samtidigt sänks riktkurserna för bland andra Balder och Danske Bank. Här är morgonens aktierekommendationer.

Placera Native Blog Banner

16 april, 11:18

Upprustning, cyberhot och rymd – säkerhet blir en långsiktig tillväxtmotor

Finserve Global Security Fund investerar i ett av de mest snabbväxande och politiskt underbyggda sektorerna på marknaden. Redan vid starten 2019 var fonden en av de första renodlade säkerhetsfonderna i Europa, i dag ett område som fått ett tydligt genomslag hos investerare.

SpaceX's mega rocket Starship makes a test flight from Starbase in Starbase, Texas, Monday, Oct. 13, 2025. (AP Photo/Eric Gay) TXEG107

16 april, 07:39

Alphabet kan göra jättevinst på Spacex-notering

Alphabet, som är moderbolag till teknikjätten Google, kan göra en betydande vinst på sin tidiga investering i rymdbolaget Spacex, rapporterar Bloomberg News.

Bubble

14 april, 15:52

Globalfonder – ett smart fondval i oroliga tider

I oroliga tider är det extra viktigt att sprida risken i sitt fondsparande. Genom att spara i en globalfond gör du precis det. Här berättar fondförvaltaren Henrik Oh om populära AMF Aktiefond Global som investerar i några av världens starkaste bolag.

Marknadsöversikt

1 DAG %

Senast

1 mån

17 april, 15:43

Spotlight Group har utsett ny styrelseordförande

Spotlight Group har utsett Sara Uhlén till bolagets styrelseordförande fram till årsstämman, som planeras att hållas den 13 maj 2026.

STOCKHOLM 20250822 Günther Mårder, investerare och föreläsare, id-kapad på sociala medier där hans namn dyker upp i annonser som lockar till bluffköp av aktier. Foto: Magnus Hjalmarson Neideman SVD / TT / kod 10078 ** OUT DN, Dagens Industri (även arkiv) och Expressen **

17 april, 15:41

Günther Mårder häktas misstänkt för grovt insiderbrott

Under fredagseftermiddagen häktades aktieprofilen Günther Mårder misstänkt för grovt insiderbrott.

A man walks on rocks along the shore as oil tankers and cargo ships line up in the Strait of Hormuz, as seen from Khor Fakkan, United Arab Emirates, Wednesday, March 11, 2026. (AP Photo/Altaf Qadri) XEM144

17 april, 15:09

Hormuzbesked lyfter börserna – oljan faller kraftigt

Börser världen över steg snabbt vid 14.45-tiden på fredagen, sedan Irans utrikesminister Abbas Araghchi via sociala medier uppgett att passagen genom Hormuzsundet är "he...

Daniel Kryger works on the floor at the New York Stock Exchange in New York, Monday, April 13, 2026. (AP Photo/Seth Wenig) NYSW108

17 april, 14:54

Netflix faller i förhandeln på New York-börsen

New York-börsen förväntas inleda fredagens handel med uppgång.

STOCKHOLM 20250822 Günther Mårder, investerare och föreläsare, id-kapad på sociala medier där hans namn dyker upp i annonser som lockar till bluffköp av aktier. Foto: Magnus Hjalmarson Neideman SVD / TT / kod 10078 ** OUT DN, Dagens Industri (även arkiv) och Expressen **

17 april, 14:42

Åklagaren: Misstankarna mot Mårder har stärkts

Misstankarna mot finansprofilen Günther Mårder om grovt insiderbrott har stärkts, enligt åklagare Thomas Hertz som begär honom häktad på sannolika skäl.