Marsh & Mclennan Companies (MRSH) FCF Margin (2009 - 2026)
Marsh & Mclennan Companies' (MRSH) quarterly FCF Margin came in at 20.14% in Q2 2026, down 392.0% on a YoY basis from 6.9% in Q2 2025, and up 288.87% quarter-over-quarter from 10.66% in Q1 2026.
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Marsh & Mclennan Companies (MRSH) FCF Margin (2009 - 2026) Analysis & Trends
Marsh & Mclennan Companies (MRSH) has reported FCF Margin for 18 consecutive years, with 20.14% the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, FCF Margin fell 392.0% year-over-year to 20.14%; the trailing twelve-month figure through Jun 2026 stood at 16.99% (down 105.0% YoY), and the FY2025 full-year result was 18.54%, up 224.0% from the prior year.
- FCF Margin climbed to 20.14% in Q2 2026 per MRSH's latest filing, from 10.66% in the prior quarter.
- Across five years, FCF Margin topped out at 32.28% in Q3 2024 and bottomed at 16.58% in Q1 2023.
- Historically, FCF Margin has averaged 15.82% across 5 years, with a median of 24.47% in 2025.
- The sharpest annual moves came in 2024 and 2025: FCF Margin sank 664 bps in 2024, then soared 582 bps in 2025.
- Over 5 years, FCF Margin stood at 27.86% in 2022, then rose by 7 bps to 29.94% in 2023, then advanced by 3 bps to 30.99% in 2024, then increased by 1 bps to 31.18% in 2025, then sank by 35 bps to 20.14% in 2026.
- According to Business Quant data, FCF Margin over the past three periods registered 20.14%, 10.66%, and 31.18% for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Marsh & Mclennan Companies | 88.77 Bn | 76.82 Bn | 6.04 Bn | 20.14% |
| 2 | Aon | 68.55 Bn | 67.31 Bn | - | 11.38% |
| 3 | Arthur J. Gallagher | 67.32 Bn | 65.96 Bn | - | -1.02% |
| 4 | Willis Towers Watson | 31.09 Bn | 29.51 Bn | 2.09 Bn | 17.23% |
| 5 | Brown & Brown | 23.57 Bn | 22.68 Bn | 1.41 Bn | 19.63% |
| 6 | XChange TEC.INC | 16.98 Bn | 16.98 Bn | - | - |
| 7 | Erie Indemnity | 11.68 Bn | 11.33 Bn | - | 15.91% |
| 8 | Ryan Specialty Holdings | 10.71 Bn | 11.08 Bn | - | 30.09% |
| 9 | Hagerty | 4.65 Bn | 4.78 Bn | 244.11 Mn | 45.56% |
| 10 | Neptune Insurance Holdings | 4.58 Bn | 4.56 Bn | - | 45.89% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 20.14% |
| Mar 31, 2026 | -10.66% |
| Dec 31, 2025 | 31.18% |
| Sep 30, 2025 | 31.65% |
| Jun 30, 2025 | 24.06% |
| Mar 31, 2025 | -10.52% |
| Dec 31, 2024 | 30.99% |
| Sep 30, 2024 | 32.28% |
| Jun 30, 2024 | 18.24% |
| Mar 31, 2024 | -13.41% |
| Dec 31, 2023 | 29.94% |
| Sep 30, 2023 | 31.57% |
| Jun 30, 2023 | 24.88% |
| Mar 31, 2023 | -16.58% |
| Dec 31, 2022 | 27.86% |
| Sep 30, 2022 | 26.31% |
| Jun 30, 2022 | 21.66% |
| Mar 31, 2022 | -14.85% |
| Dec 31, 2021 | 25.54% |
| Sep 30, 2021 | 26.16% |