Marsh & Mclennan Companies (MRSH) Change in Taxes (2009 - 2026)
Marsh & Mclennan Companies' (MRSH) quarterly Change in Taxes came in at $12.0 million in Q2 2026, little changed on a YoY basis from $12.0 million in Q2 2025, and down 92.36% quarter-over-quarter from $157.0 million in Q1 2026.
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Analysis
Marsh & Mclennan Companies (MRSH) Change in Taxes (2009 - 2026) Analysis & Trends
Marsh & Mclennan Companies (MRSH) has reported Change in Taxes for 18 consecutive years, with $12.0 million the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Change in Taxes changed 0.0% year-over-year to $12.0 million; the trailing twelve-month figure through Jun 2026 stood at -$9.0 million (down 109.09% YoY), and the FY2025 full-year result was $12.0 million, down 90.24% from the prior year.
- Change in Taxes eased to $12.0 million in Q2 2026 per MRSH's latest filing, from $157.0 million in the prior quarter.
- Across five years, Change in Taxes topped out at $209.0 million in Q1 2024 and bottomed at -$210.0 million in Q4 2022.
- Historically, Change in Taxes has averaged $19.7 million across 5 years, with a median of $12.0 million in 2025.
- The widest YoY moves for Change in Taxes: up 733.33% in 2024, down 91.07% in 2024.
- Over 5 years, Change in Taxes stood at -$210.0 million in 2022, then jumped by 34.76% to -$137.0 million in 2023, then climbed by 19.71% to -$110.0 million in 2024, then plunged by 68.18% to -$185.0 million in 2025, then soared by 106.49% to $12.0 million in 2026.
- According to Business Quant data, Change in Taxes over the past three periods registered $12.0 million, $157.0 million, and -$185.0 million for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Change Taxes (Qtr) |
|---|---|---|---|---|---|
| 1 | Marsh & Mclennan Companies | 81.24 Bn | 69.29 Bn | 6.04 Bn | 12.00 Mn |
| 2 | Aon | 60.67 Bn | 59.43 Bn | - | -312.00 Mn |
| 3 | Arthur J. Gallagher | 59.09 Bn | 57.73 Bn | - | -116.00 Mn |
| 4 | Willis Towers Watson | 28.02 Bn | 26.44 Bn | 2.09 Bn | - |
| 5 | Brown & Brown | 20.61 Bn | 19.72 Bn | 1.41 Bn | - |
| 6 | XChange TEC.INC | 11.95 Bn | 11.95 Bn | - | - |
| 7 | Erie Indemnity | 10.83 Bn | 10.48 Bn | - | - |
| 8 | Ryan Specialty Holdings | 9.82 Bn | 10.19 Bn | - | - |
| 9 | Hagerty | 4.67 Bn | 4.81 Bn | 244.11 Mn | - |
| 10 | Baldwin Insurance | 4.45 Bn | 4.81 Bn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 12.00 Mn |
| Mar 31, 2026 | 157.00 Mn |
| Dec 31, 2025 | -185.00 Mn |
| Sep 30, 2025 | 7.00 Mn |
| Jun 30, 2025 | 12.00 Mn |
| Mar 31, 2025 | 178.00 Mn |
| Dec 31, 2024 | -110.00 Mn |
| Sep 30, 2024 | 19.00 Mn |
| Jun 30, 2024 | 5.00 Mn |
| Mar 31, 2024 | 209.00 Mn |
| Dec 31, 2023 | -137.00 Mn |
| Sep 30, 2023 | -3.00 Mn |
| Jun 30, 2023 | 56.00 Mn |
| Mar 31, 2023 | 189.00 Mn |
| Dec 31, 2022 | -210.00 Mn |
| Sep 30, 2022 | -79.00 Mn |
| Jun 30, 2022 | 91.00 Mn |
| Mar 31, 2022 | 144.00 Mn |
| Dec 31, 2021 | -229.00 Mn |
| Sep 30, 2021 | -101.00 Mn |
API Access
Marsh & Mclennan Companies Change in Taxes API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=change-in-taxes&ticker=MRSH&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "change-in-taxes", "ticker": "MRSH", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=change-in-taxes&ticker=MRSH&period=max&api_key=YOUR_API_KEY");
const data = await res.json();