Marsh & Mclennan Companies (MRSH) FCF Margin (2009 - 2026)
Marsh & Mclennan Companies' (MRSH) quarterly FCF Margin came in at 20.14% in Q2 2026, down 298.0% YoY from 10.17% in Q2 2025, and up 288.87% on a QoQ basis from 10.66% in Q1 2026.
Marsh & Mclennan Companies (MRSH) FCF Margin (2009 - 2026) Analysis & Trends
Marsh & Mclennan Companies (MRSH) has 18 years of FCF Margin data on file, last reported at 20.14% in Q2 2026.
- Quarterly FCF Margin fell 298.0% year-over-year to 20.14% in Q2 2026, while the trailing twelve-month figure through Jun 2026 was 16.99% (down 65.0% YoY) and the FY2025 annual result came in at 18.54%, up 224.0% from the prior year.
- FCF Margin rose to 20.14% in Q2 2026, from 10.66% in the prior quarter.
- In the past five years, FCF Margin ranged from a high of 35.25% in Q3 2023 to a low of 15.24% in Q1 2023.
- A 5-year average of 16.21% and a median of 24.21% in 2023 frame the typical range for FCF Margin.
- Annual changes were most pronounced in 2022 — FCF Margin tumbled 547 bps — and 2023, when it jumped 518 bps.
- Tracing MRSH's FCF Margin over 5 years: stood at 27.76% in 2022, then declined by 5 bps to 26.38% in 2023, then rose by 5 bps to 27.77% in 2024, then increased by 4 bps to 28.95% in 2025, then tumbled by 30 bps to 20.14% in 2026.
- The last three FCF Margin figures came in at 20.14% (Q2 2026), 10.66% (Q1 2026), and 28.95% (Q4 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | XChange TEC.INC | 279.91 Bn | 279.90 Bn | - | - |
| 2 | Marsh & Mclennan Companies | 91.40 Bn | 79.19 Bn | 6.04 Bn | 20.14% |
| 3 | Aon | 75.07 Bn | 73.80 Bn | - | 11.38% |
| 4 | Arthur J. Gallagher | 66.45 Bn | 65.07 Bn | - | -1.02% |
| 5 | Willis Towers Watson | 32.02 Bn | 30.36 Bn | 2.09 Bn | 17.23% |
| 6 | Brown & Brown | 23.72 Bn | 22.80 Bn | 1.41 Bn | 19.63% |
| 7 | Erie Indemnity | 12.11 Bn | 11.77 Bn | - | 15.91% |
| 8 | Neptune Insurance Holdings | 4.50 Bn | 4.48 Bn | - | 45.89% |
| 9 | Accelerant Holdings | 4.28 Bn | 2.62 Bn | 285.20 Mn | -22.92% |
| 10 | Corvel | 3.60 Bn | 3.25 Bn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 20.14% |
| Mar 31, 2026 | -10.66% |
| Dec 31, 2025 | 28.95% |
| Sep 30, 2025 | 33.96% |
| Jun 30, 2025 | 23.11% |
| Mar 31, 2025 | -9.59% |
| Dec 31, 2024 | 27.77% |
| Sep 30, 2024 | 33.86% |
| Jun 30, 2024 | 19.93% |
| Mar 31, 2024 | -13.41% |
| Dec 31, 2023 | 26.38% |
| Sep 30, 2023 | 35.25% |
| Jun 30, 2023 | 23.54% |
| Mar 31, 2023 | -15.24% |
| Dec 31, 2022 | 27.76% |
| Sep 30, 2022 | 30.06% |
| Jun 30, 2022 | 24.89% |
| Mar 31, 2022 | -14.85% |
| Dec 31, 2021 | 26.40% |
| Sep 30, 2021 | 25.99% |