Marsh & Mclennan Companies (MRSH) Debt to Equity (2009 - 2026)

Marsh & Mclennan Companies (MRSH) reported Debt to Equity of $1.39 for Q1 2026, down 3.29% on a YoY basis from $1.44 in Q1 2025, and up 8.8% quarter-over-quarter from $1.28 in Q4 2025.

Marsh & Mclennan Companies (MRSH) Debt to Equity (2009 - 2026) Analysis & Trends

Marsh & Mclennan Companies has reported Debt to Equity for 18 years, with the latest figure at $1.39 in Q1 2026.

  • For the quarter ending Q1 2026, Debt to Equity fell 3.29% year-over-year to $1.39; the trailing twelve-month figure through Mar 2026 stood at $1.39 (down 3.29% YoY), and the FY2025 full-year result was $1.28, up 140.01% from the prior year.
  • Debt to Equity for Q1 2026 stood at $1.39, up from $1.28 in the prior quarter.
  • The five-year high for Debt to Equity was $50.2 in Q4 2022, with the low at -$5.43 in Q2 2025.
  • Historically, Debt to Equity has averaged $3.01 across 5 years, with a median of $1.09 in 2023.
  • Annual changes were most pronounced in 2022 — Debt to Equity soared 2152.78% — and 2024, when it plunged 526.77%.
  • Marsh & Mclennan Companies' Debt to Equity stood at $50.2 in 2022, then plunged by 97.83% to $1.09 in 2023, then plunged by 393.71% to -$3.2 in 2024, then surged by 140.01% to $1.28 in 2025, then advanced by 8.8% to $1.39 in 2026.
  • The last three Debt to Equity figures came in at $1.39 (Q1 2026), $1.28 (Q4 2025), and $1.27 (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Debt/Equity (Qtr)
1 Marsh & Mclennan Companies 79.42 Bn 67.92 Bn 5.88 Bn 1.39
2 Aon 69.98 Bn 68.59 Bn - 1.47
3 Arthur J. Gallagher 55.55 Bn 54.17 Bn - 0.53
4 Willis Towers Watson 24.71 Bn 22.93 Bn 1.98 Bn 0.78
5 Brown & Brown 19.80 Bn 18.82 Bn 1.61 Bn 0.63
6 XChange TEC.INC 6.75 Bn 6.75 Bn - -0.04
7 Neptune Insurance Holdings 4.00 Bn 3.99 Bn - -1.06
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 - 2.35

Historic Data

Download Data
DateValue
Mar 31, 2026 1.39
Dec 31, 2025 1.28
Sep 30, 2025 1.27
Jun 30, 2025 -5.43
Mar 31, 2025 1.44
Dec 31, 2024 -3.20
Sep 30, 2024 0.93
Jun 30, 2024 -2.45
Mar 31, 2024 -1.87
Dec 31, 2023 1.09
Sep 30, 2023 1.18
Jun 30, 2023 0.57
Mar 31, 2023 -5.25
Dec 31, 2022 50.20
Sep 30, 2022 1.16
Jun 30, 2022 11.30
Mar 31, 2022 -2.40
Dec 31, 2021 -2.45
Sep 30, 2021 1.09
Jun 30, 2021 0.61