Marsh & Mclennan Companies (MRSH) Exchange Rate Effect (2009 - 2026)
Marsh & Mclennan Companies' (MRSH) quarterly Exchange Rate Effect came in at -$14.0 million in Q2 2026, down 102.75% on a YoY basis from $510.0 million in Q2 2025, and up 88.98% quarter-over-quarter from -$127.0 million in Q1 2026.
Powered by 
Analysis
Marsh & Mclennan Companies (MRSH) Exchange Rate Effect (2009 - 2026) Analysis & Trends
Marsh & Mclennan Companies (MRSH) has reported Exchange Rate Effect for 18 consecutive years, with -$14.0 million the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Exchange Rate Effect fell 102.75% year-over-year to -$14.0 million; the trailing twelve-month figure through Jun 2026 stood at -$221.0 million (down 136.35% YoY), and the FY2025 full-year result was $673.0 million, up 262.56% from the prior year.
- Exchange Rate Effect grew to -$14.0 million in Q2 2026 per MRSH's latest filing, from -$127.0 million in the prior quarter.
- Across five years, Exchange Rate Effect topped out at $751.0 million in Q4 2022 and bottomed at -$837.0 million in Q3 2022.
- Historically, Exchange Rate Effect has averaged -$21.9 million across 5 years, with a median of -$27.5 million in 2024.
- The sharpest annual moves came in 2022 and 2025: Exchange Rate Effect slumped 936.49% in 2022, then jumped 1343.9% in 2025.
- Over 5 years, Exchange Rate Effect stood at $751.0 million in 2022, then plunged by 40.35% to $448.0 million in 2023, then slumped by 241.29% to -$633.0 million in 2024, then jumped by 109.16% to $58.0 million in 2025, then sank by 124.14% to -$14.0 million in 2026.
- According to Business Quant data, Exchange Rate Effect over the past three periods registered -$14.0 million, -$127.0 million, and $58.0 million for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FX Effect (Qtr) |
|---|---|---|---|---|---|
| 1 | Marsh & Mclennan Companies | 81.24 Bn | 69.29 Bn | 6.04 Bn | -14.00 Mn |
| 2 | Aon | 60.67 Bn | 59.43 Bn | - | -50.00 Mn |
| 3 | Arthur J. Gallagher | 59.09 Bn | 57.73 Bn | - | -57.00 Mn |
| 4 | Willis Towers Watson | 28.02 Bn | 26.44 Bn | 2.09 Bn | -5.00 Mn |
| 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 | - | -274,000.00 |
| 9 | Hagerty | 4.67 Bn | 4.81 Bn | 244.11 Mn | -522,000.00 |
| 10 | Baldwin Insurance | 4.45 Bn | 4.81 Bn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -14.00 Mn |
| Mar 31, 2026 | -127.00 Mn |
| Dec 31, 2025 | 58.00 Mn |
| Sep 30, 2025 | -138.00 Mn |
| Jun 30, 2025 | 510.00 Mn |
| Mar 31, 2025 | 243.00 Mn |
| Dec 31, 2024 | -633.00 Mn |
| Sep 30, 2024 | 488.00 Mn |
| Jun 30, 2024 | -41.00 Mn |
| Mar 31, 2024 | -228.00 Mn |
| Dec 31, 2023 | 448.00 Mn |
| Sep 30, 2023 | -362.00 Mn |
| Jun 30, 2023 | 90.00 Mn |
| Mar 31, 2023 | 152.00 Mn |
| Dec 31, 2022 | 751.00 Mn |
| Sep 30, 2022 | -837.00 Mn |
| Jun 30, 2022 | -619.00 Mn |
| Mar 31, 2022 | -136.00 Mn |
| Dec 31, 2021 | -112.00 Mn |
| Sep 30, 2021 | -281.00 Mn |
API Access
Marsh & Mclennan Companies Exchange Rate Effect 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=exchange-rate-effect&ticker=MRSH&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "exchange-rate-effect", "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=exchange-rate-effect&ticker=MRSH&period=max&api_key=YOUR_API_KEY");
const data = await res.json();