Marsh & Mclennan Companies (MRSH) Free Cash Flow (2009 - 2026)
Marsh & Mclennan Companies' (MRSH) quarterly Free Cash Flow came in at $1.5 billion in Q2 2026, down 11.14% on a YoY basis from $1.7 billion in Q2 2025, and up 284.07% quarter-over-quarter from -$810.0 million in Q1 2026.
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Analysis
Marsh & Mclennan Companies (MRSH) Free Cash Flow (2009 - 2026) Analysis & Trends
Marsh & Mclennan Companies (MRSH) has reported Free Cash Flow for 18 consecutive years, with $1.5 billion the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Free Cash Flow fell 11.14% year-over-year to $1.5 billion; the trailing twelve-month figure through Jun 2026 stood at $4.7 billion (up 2.0% YoY), and the FY2025 full-year result was $5.0 billion, up 25.46% from the prior year.
- Free Cash Flow improved to $1.5 billion in Q2 2026 per MRSH's latest filing, from -$810.0 million in the prior quarter.
- Across five years, Free Cash Flow topped out at $2.1 billion in Q4 2025 and bottomed at -$982.0 million in Q1 2023.
- Historically, Free Cash Flow has averaged $916.9 million across 5 years, with a median of $1.4 billion in 2022.
- The sharpest annual moves came in 2022 and 2025: Free Cash Flow slumped 57.25% in 2022, then soared 47.84% in 2025.
- Over 5 years, Free Cash Flow stood at $1.4 billion in 2022, then climbed by 18.87% to $1.7 billion in 2023, then grew by 13.05% to $1.9 billion in 2024, then gained by 9.36% to $2.1 billion in 2025, then fell by 27.48% to $1.5 billion in 2026.
- According to Business Quant data, Free Cash Flow over the past three periods registered $1.5 billion, -$810.0 million, and $2.1 billion for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF (Qtr) |
|---|---|---|---|---|---|
| 1 | Marsh & Mclennan Companies | 81.24 Bn | 69.29 Bn | 6.04 Bn | 1.49 Bn |
| 2 | Aon | 60.67 Bn | 59.43 Bn | - | 483.00 Mn |
| 3 | Arthur J. Gallagher | 59.09 Bn | 57.73 Bn | - | -41.00 Mn |
| 4 | Willis Towers Watson | 28.02 Bn | 26.44 Bn | 2.09 Bn | 425.00 Mn |
| 5 | Brown & Brown | 20.61 Bn | 19.72 Bn | 1.41 Bn | 329.00 Mn |
| 6 | XChange TEC.INC | 11.95 Bn | 11.95 Bn | - | - |
| 7 | Erie Indemnity | 10.83 Bn | 10.48 Bn | - | 173.40 Mn |
| 8 | Ryan Specialty Holdings | 9.82 Bn | 10.19 Bn | - | 275.86 Mn |
| 9 | Hagerty | 4.67 Bn | 4.81 Bn | 244.11 Mn | 161.66 Mn |
| 10 | Baldwin Insurance | 4.45 Bn | 4.81 Bn | - | 30.38 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 1.49 Bn |
| Mar 31, 2026 | -810.00 Mn |
| Dec 31, 2025 | 2.06 Bn |
| Sep 30, 2025 | 2.01 Bn |
| Jun 30, 2025 | 1.68 Bn |
| Mar 31, 2025 | -743.00 Mn |
| Dec 31, 2024 | 1.88 Bn |
| Sep 30, 2024 | 1.84 Bn |
| Jun 30, 2024 | 1.14 Bn |
| Mar 31, 2024 | -868.00 Mn |
| Dec 31, 2023 | 1.66 Bn |
| Sep 30, 2023 | 1.70 Bn |
| Jun 30, 2023 | 1.46 Bn |
| Mar 31, 2023 | -982.00 Mn |
| Dec 31, 2022 | 1.40 Bn |
| Sep 30, 2022 | 1.26 Bn |
| Jun 30, 2022 | 1.17 Bn |
| Mar 31, 2022 | -824.00 Mn |
| Dec 31, 2021 | 1.31 Bn |
| Sep 30, 2021 | 1.20 Bn |
API Access
Marsh & Mclennan Companies Free Cash Flow 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=free-cash-flow&ticker=MRSH&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "free-cash-flow", "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=free-cash-flow&ticker=MRSH&period=max&api_key=YOUR_API_KEY");
const data = await res.json();