Marsh & Mclennan Companies (MRSH) Cost of Revenue (2009 - 2026)
Marsh & Mclennan Companies' (MRSH) quarterly Cost of Revenue came in at $1.4 billion in Q2 2026, up 9.12% YoY from $1.2 billion in Q2 2025, and down 20.37% on a QoQ basis from $1.7 billion in Q1 2026.
Marsh & Mclennan Companies (MRSH) Cost of Revenue (2009 - 2026) Analysis & Trends
Marsh & Mclennan Companies (MRSH) has 18 years of Cost of Revenue data on file, last reported at $1.4 billion in Q2 2026.
- Quarterly Cost of Revenue rose 9.12% year-over-year to $1.4 billion in Q2 2026, while the trailing twelve-month figure through Jun 2026 was $5.8 billion (up 18.46% YoY) and the FY2025 annual result came in at $5.2 billion, up 11.54% from the prior year.
- Cost of Revenue retreated to $1.4 billion in Q2 2026, from $1.7 billion in the prior quarter.
- In the past five years, Cost of Revenue ranged from a high of $1.7 billion in Q1 2026 to a low of $991.0 million in Q1 2023.
- A 5-year average of $1.2 billion and a median of $1.2 billion in 2023 frame the typical range for Cost of Revenue.
- Annual changes were most pronounced in 2023 — Cost of Revenue dropped 9.28% — and 2026, when it jumped 42.04%.
- Tracing MRSH's Cost of Revenue over 5 years: stood at $1.3 billion in 2022, then retreated by 9.28% to $1.2 billion in 2023, then climbed by 9.47% to $1.3 billion in 2024, then advanced by 11.04% to $1.4 billion in 2025, then decreased by 5.15% to $1.4 billion in 2026.
- The last three Cost of Revenue figures came in at $1.4 billion (Q2 2026), $1.7 billion (Q1 2026), and $1.4 billion (Q4 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | XChange TEC.INC | 265.99 Bn | 265.99 Bn | - | - |
| 2 | Marsh & Mclennan Companies | 92.14 Bn | 79.94 Bn | 6.04 Bn | 1.36 Bn |
| 3 | Aon | 75.64 Bn | 74.37 Bn | - | - |
| 4 | Arthur J. Gallagher | 67.55 Bn | 66.16 Bn | - | - |
| 5 | Willis Towers Watson | 32.13 Bn | 30.47 Bn | 2.09 Bn | 380.00 Mn |
| 6 | Brown & Brown | 23.98 Bn | 23.06 Bn | 1.41 Bn | 271.00 Mn |
| 7 | Erie Indemnity | 12.29 Bn | 11.94 Bn | - | - |
| 8 | Neptune Insurance Holdings | 4.61 Bn | 4.59 Bn | - | - |
| 9 | Accelerant Holdings | 4.28 Bn | 2.62 Bn | 285.20 Mn | 71.70 Mn |
| 10 | Corvel | 3.60 Bn | 3.25 Bn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 1.36 Bn |
| Jun 30, 2026 | 1.36 Bn |
| Mar 31, 2026 | 1.71 Bn |
| Mar 31, 2026 | 1.71 Bn |
| Dec 31, 2025 | 1.44 Bn |
| Dec 31, 2025 | 1.44 Bn |
| Sep 30, 2025 | 1.29 Bn |
| Sep 30, 2025 | 1.29 Bn |
| Jun 30, 2025 | 1.25 Bn |
| Jun 30, 2025 | 1.25 Bn |
| Mar 31, 2025 | 1.21 Bn |
| Mar 31, 2025 | 1.21 Bn |
| Dec 31, 2024 | 1.30 Bn |
| Dec 31, 2024 | 1.30 Bn |
| Sep 30, 2024 | 1.15 Bn |
| Sep 30, 2024 | 1.15 Bn |
| Jun 30, 2024 | 1.13 Bn |
| Jun 30, 2024 | 1.13 Bn |
| Mar 31, 2024 | 1.08 Bn |
| Mar 31, 2024 | 1.08 Bn |