Marsh & Mclennan Companies (MRSH) FCF Margin (2009 - 2026)

Marsh & Mclennan Companies (MRSH) posted FCF Margin of 20.14% for Q2 2026, up 288.87% on a QoQ basis from 10.66% in Q1 2026, and down 298.0% year-over-year from 10.17% in Q2 2025.

Marsh & Mclennan Companies (MRSH) FCF Margin (2009 - 2026) Analysis & Trends

Marsh & Mclennan Companies' FCF Margin history runs 18 years deep, the most recent figure standing at 20.14% for 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 was 20.14% for Q2 2026 at Marsh & Mclennan Companies, up from 10.66% in the prior quarter.
  • Across five years, FCF Margin topped out at 35.25% in Q3 2023 and bottomed at 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 slumped 547 bps — and 2023, when it jumped 518 bps.
  • Marsh & Mclennan Companies' FCF Margin stood at 27.76% in 2022, then retreated by 5 bps to 26.38% in 2023, then advanced by 5 bps to 27.77% in 2024, then gained by 4 bps to 28.95% in 2025, then sank by 30 bps to 20.14% in 2026.
  • Business Quant data shows MRSH's FCF Margin at 20.14% in Q2 2026, 10.66% in Q1 2026, and 28.95% in Q4 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) FCF Margin (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 20.14%
3 Aon 78.60 Bn 77.19 Bn - 7.21%
4 Arthur J. Gallagher 65.15 Bn 63.73 Bn - 19.36%
5 Willis Towers Watson 28.74 Bn 26.89 Bn 1.98 Bn -2.75%
6 Brown & Brown 23.32 Bn 22.32 Bn 1.61 Bn 12.68%
7 Neptune Insurance Holdings 4.24 Bn 4.23 Bn 26.44 Mn 41.26%
8 Accelerant Holdings 3.26 Bn 1.72 Bn 48.00 Mn -21.65%
9 Corvel 3.10 Bn 2.76 Bn 54.92 Mn 19.58%
10 Baldwin Insurance 2.55 Bn 2.40 Bn - -555.33%

Historic Data

Download Data
DateValue
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%