Marsh & Mclennan Companies (MRSH) Free Cash Flow (2009 - 2026)

Marsh & Mclennan Companies (MRSH) reported Free Cash Flow of -$750.0 million for Q1 2026, down 10.78% on a YoY basis from -$840.6 million in Q1 2025, and down 136.48% quarter-over-quarter from $2.1 billion in Q4 2025.

Marsh & Mclennan Companies (MRSH) Free Cash Flow (2009 - 2026) Analysis & Trends

Marsh & Mclennan Companies has reported Free Cash Flow for 18 years, with the latest figure at -$750.0 million in Q1 2026.

  • For the quarter ending Q1 2026, Free Cash Flow fell 10.78% year-over-year to -$750.0 million; the trailing twelve-month figure through Mar 2026 stood at $4.9 billion (up 17.98% YoY), and the FY2025 full-year result was $5.0 billion, up 25.46% from the prior year.
  • Free Cash Flow for Q1 2026 stood at -$750.0 million, down from $2.1 billion in the prior quarter.
  • The five-year high for Free Cash Flow was $2.1 billion in Q4 2025, with the low at -$903.0 million in Q1 2023.
  • Historically, Free Cash Flow has averaged $886.7 million across 5 years, with a median of $1.4 billion in 2023.
  • Annual changes were most pronounced in 2022 — Free Cash Flow sank 72.75% — and 2025, when it jumped 42.03%.
  • Marsh & Mclennan Companies' Free Cash Flow stood at $1.4 billion in 2022, then gained by 18.87% to $1.7 billion in 2023, then advanced by 13.05% to $1.9 billion in 2024, then increased by 9.36% to $2.1 billion in 2025, then plunged by 136.48% to -$750.0 million in 2026.
  • The last three Free Cash Flow figures came in at -$750.0 million (Q1 2026), $2.1 billion (Q4 2025), and $2.0 billion (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) FCF (Qtr)
1 Marsh & Mclennan Companies 79.42 Bn 67.92 Bn 5.88 Bn -750.00 Mn
2 Aon 69.98 Bn 68.59 Bn - 363.00 Mn
3 Arthur J. Gallagher 55.55 Bn 54.17 Bn - 921.00 Mn
4 Willis Towers Watson 24.71 Bn 22.93 Bn 1.98 Bn -65.00 Mn
5 Brown & Brown 19.80 Bn 18.82 Bn 1.61 Bn 241.00 Mn
6 XChange TEC.INC 6.75 Bn 6.75 Bn - -
7 Neptune Insurance Holdings 4.00 Bn 3.99 Bn - 15.60 Mn
8 Corvel 2.98 Bn 2.64 Bn 54.92 Mn 46.14 Mn
9 Accelerant Holdings 2.93 Bn 1.42 Bn 48.00 Mn -28.10 Mn
10 Baldwin Insurance 1.62 Bn 2.07 Bn - -18.74 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 -750.00 Mn
Mar 31, 2026 -750.00 Mn
Dec 31, 2025 2.06 Bn
Dec 31, 2025 2.06 Bn
Sep 30, 2025 2.01 Bn
Sep 30, 2025 2.01 Bn
Jun 30, 2025 1.61 Bn
Jun 30, 2025 1.61 Bn
Mar 31, 2025 -677.00 Mn
Mar 31, 2025 -677.00 Mn
Dec 31, 2024 1.88 Bn
Dec 31, 2024 1.88 Bn
Sep 30, 2024 1.84 Bn
Sep 30, 2024 1.84 Bn
Jun 30, 2024 1.14 Bn
Jun 30, 2024 1.14 Bn
Mar 31, 2024 -868.00 Mn
Mar 31, 2024 -868.00 Mn
Dec 31, 2023 1.66 Bn
Dec 31, 2023 1.66 Bn