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
DateValue
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%