Marsh & Mclennan Companies (MRSH) Change in Taxes (2009 - 2026)

Marsh & Mclennan Companies (MRSH) reported Change in Taxes of $157.0 million for Q1 2026, down 11.8% on a YoY basis from $178.0 million in Q1 2025, and up 184.86% quarter-over-quarter from -$185.0 million in Q4 2025.

Marsh & Mclennan Companies (MRSH) Change in Taxes (2009 - 2026) Analysis & Trends

Marsh & Mclennan Companies has reported Change in Taxes for 18 years, with the latest figure at $157.0 million in Q1 2026.

  • For the quarter ending Q1 2026, Change in Taxes fell 11.8% year-over-year to $157.0 million; the trailing twelve-month figure through Mar 2026 stood at -$9.0 million (down 109.78% YoY), and the FY2025 full-year result was $12.0 million, down 90.24% from the prior year.
  • Change in Taxes for Q1 2026 stood at $157.0 million, up from -$185.0 million in the prior quarter.
  • The five-year high for Change in Taxes was $209.0 million in Q1 2024, with the low at -$210.0 million in Q4 2022.
  • Historically, Change in Taxes has averaged $20.2 million across 5 years, with a median of $12.0 million in 2025.
  • The largest YoY upside for Change in Taxes was 733.33% in 2024 against a maximum downside of 91.07% in 2024.
  • Marsh & Mclennan Companies' Change in Taxes stood at -$210.0 million in 2022, then surged by 34.76% to -$137.0 million in 2023, then gained by 19.71% to -$110.0 million in 2024, then slumped by 68.18% to -$185.0 million in 2025, then jumped by 184.86% to $157.0 million in 2026.
  • The last three Change in Taxes figures came in at $157.0 million (Q1 2026), -$185.0 million (Q4 2025), and $7.0 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Change Taxes (Qtr)
1 Marsh & Mclennan Companies 79.42 Bn 67.92 Bn 5.88 Bn 157.00 Mn
2 Aon 69.98 Bn 68.59 Bn - 243.00 Mn
3 Arthur J. Gallagher 55.55 Bn 54.17 Bn - 52.00 Mn
4 Willis Towers Watson 24.71 Bn 22.93 Bn 1.98 Bn -
5 Brown & Brown 19.80 Bn 18.82 Bn 1.61 Bn -
6 XChange TEC.INC 6.75 Bn 6.75 Bn - -
7 Neptune Insurance Holdings 4.00 Bn 3.99 Bn - 1.55 Mn
8 Corvel 2.98 Bn 2.64 Bn 54.92 Mn -
9 Accelerant Holdings 2.93 Bn 1.42 Bn 48.00 Mn -
10 Baldwin Insurance 1.62 Bn 2.07 Bn - -

Historic Data

Download Data
DateValue
Mar 31, 2026 157.00 Mn
Mar 31, 2026 157.00 Mn
Dec 31, 2025 -185.00 Mn
Dec 31, 2025 -185.00 Mn
Sep 30, 2025 7.00 Mn
Sep 30, 2025 7.00 Mn
Jun 30, 2025 12.00 Mn
Jun 30, 2025 12.00 Mn
Mar 31, 2025 178.00 Mn
Mar 31, 2025 178.00 Mn
Dec 31, 2024 -110.00 Mn
Dec 31, 2024 -110.00 Mn
Sep 30, 2024 19.00 Mn
Sep 30, 2024 19.00 Mn
Jun 30, 2024 5.00 Mn
Jun 30, 2024 5.00 Mn
Mar 31, 2024 209.00 Mn
Mar 31, 2024 209.00 Mn
Dec 31, 2023 -137.00 Mn
Dec 31, 2023 -137.00 Mn