Marsh & Mclennan Companies (MRSH) Cost of Revenue (2009 - 2026)
Marsh & Mclennan Companies (MRSH) posted Cost of Revenue of $1.4 billion for Q2 2026, down 20.37% on a QoQ basis from $1.7 billion in Q1 2026, and up 9.12% year-over-year from $1.2 billion in Q2 2025.
Marsh & Mclennan Companies (MRSH) Cost of Revenue (2009 - 2026) Analysis & Trends
Marsh & Mclennan Companies' Cost of Revenue history runs 18 years deep, the most recent figure standing at $1.4 billion for 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 was $1.4 billion for Q2 2026 at Marsh & Mclennan Companies, down from $1.7 billion in the prior quarter.
- Across five years, Cost of Revenue topped out at $1.7 billion in Q1 2026 and bottomed at $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 retreated 9.28% — and 2026, when it jumped 42.04%.
- Marsh & Mclennan Companies' Cost of Revenue stood at $1.3 billion in 2022, then slipped by 9.28% to $1.2 billion in 2023, then increased by 9.47% to $1.3 billion in 2024, then grew by 11.04% to $1.4 billion in 2025, then dropped by 5.15% to $1.4 billion in 2026.
- Business Quant data shows MRSH's Cost of Revenue at $1.4 billion in Q2 2026, $1.7 billion in Q1 2026, and $1.4 billion in Q4 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | XChange TEC.INC | 120,003.58 Bn | 120,003.57 Bn | - | - |
| 2 | Marsh & Mclennan Companies | 87.96 Bn | 75.75 Bn | 6.04 Bn | 1.36 Bn |
| 3 | Aon | 78.60 Bn | 77.19 Bn | - | - |
| 4 | Arthur J. Gallagher | 65.15 Bn | 63.73 Bn | - | - |
| 5 | Willis Towers Watson | 28.74 Bn | 26.89 Bn | 1.98 Bn | 385.00 Mn |
| 6 | Brown & Brown | 23.32 Bn | 22.32 Bn | 1.61 Bn | 289.00 Mn |
| 7 | Neptune Insurance Holdings | 4.24 Bn | 4.23 Bn | 26.44 Mn | 11.35 Mn |
| 8 | Accelerant Holdings | 3.26 Bn | 1.72 Bn | 48.00 Mn | 81.80 Mn |
| 9 | Corvel | 3.10 Bn | 2.76 Bn | 54.92 Mn | 180.71 Mn |
| 10 | Baldwin Insurance | 2.55 Bn | 2.40 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 |