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| Date | Value |
|---|---|
| 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 |