Marsh & Mclennan Companies (MRSH) Gross Margin (2009 - 2026)
Marsh & Mclennan Companies (MRSH) reported Gross Margin of 77.45% for Q1 2026, down 547.0% on a YoY basis from 17.33% in Q1 2025, and down 0.95% quarter-over-quarter from 78.2% in Q4 2025.
Marsh & Mclennan Companies (MRSH) Gross Margin (2009 - 2026) Analysis & Trends
Marsh & Mclennan Companies has reported Gross Margin for 18 years, with the latest figure at 77.45% in Q1 2026.
- For the quarter ending Q1 2026, Gross Margin fell 547.0% year-over-year to 77.45%; the trailing twelve-month figure through Mar 2026 stood at 79.33% (down 161.0% YoY), and the FY2025 full-year result was 80.8%, down 21.0% from the prior year.
- Gross Margin for Q1 2026 stood at 77.45%, down from 78.2% in the prior quarter.
- The five-year high for Gross Margin was 83.35% in Q1 2024, with the low at 74.03% in Q4 2022.
- Historically, Gross Margin has averaged 80.14% across 5 years, with a median of 79.87% in 2024.
- Annual changes were most pronounced in 2023 — Gross Margin surged 467 bps — and 2026, when it tumbled 547 bps.
- Marsh & Mclennan Companies' Gross Margin stood at 74.03% in 2022, then climbed by 6 bps to 78.7% in 2023, then dropped by 0 bps to 78.66% in 2024, then declined by 1 bps to 78.2% in 2025, then fell by 1 bps to 77.45% in 2026.
- The last three Gross Margin figures came in at 77.45% (Q1 2026), 78.2% (Q4 2025), and 79.74% (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Marsh & Mclennan Companies | 79.42 Bn | 67.92 Bn | 5.88 Bn | 77.45% |
| 2 | Aon | 69.98 Bn | 68.59 Bn | - | - |
| 3 | Arthur J. Gallagher | 55.55 Bn | 54.17 Bn | - | - |
| 4 | Willis Towers Watson | 24.71 Bn | 22.93 Bn | 1.98 Bn | 83.71% |
| 5 | Brown & Brown | 19.80 Bn | 18.82 Bn | 1.61 Bn | 84.80% |
| 6 | XChange TEC.INC | 6.75 Bn | 6.75 Bn | - | - |
| 7 | Neptune Insurance Holdings | 4.00 Bn | 3.99 Bn | - | - |
| 8 | Corvel | 2.98 Bn | 2.64 Bn | 54.92 Mn | 23.31% |
| 9 | Accelerant Holdings | 2.93 Bn | 1.42 Bn | 48.00 Mn | 36.98% |
| 10 | Baldwin Insurance | 1.62 Bn | 2.07 Bn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 77.45% |
| Dec 31, 2025 | 78.20% |
| Sep 30, 2025 | 79.74% |
| Jun 30, 2025 | 82.08% |
| Mar 31, 2025 | 82.92% |
| Dec 31, 2024 | 78.66% |
| Sep 30, 2024 | 79.87% |
| Jun 30, 2024 | 81.92% |
| Mar 31, 2024 | 83.35% |
| Dec 31, 2023 | 78.70% |
| Sep 30, 2023 | 79.58% |
| Jun 30, 2023 | 81.59% |
| Mar 31, 2023 | 83.27% |
| Dec 31, 2022 | 74.03% |
| Sep 30, 2022 | 77.86% |
| Jun 30, 2022 | 81.32% |
| Mar 31, 2022 | 81.91% |
| Dec 31, 2021 | 75.74% |
| Sep 30, 2021 | 78.40% |
| Jun 30, 2021 | 81.48% |