Marsh & Mclennan Companies (MRSH) Gross Margin (2009 - 2026)
Marsh & Mclennan Companies' (MRSH) quarterly Gross Margin came in at 81.58% in Q2 2026, down 50.0% on a YoY basis from 163.16% in Q2 2025, and up 5.33% quarter-over-quarter from 77.45% in Q1 2026.
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Marsh & Mclennan Companies (MRSH) Gross Margin (2009 - 2026) Analysis & Trends
Marsh & Mclennan Companies (MRSH) has reported Gross Margin for 18 consecutive years, with 81.58% the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Gross Margin fell 50.0% year-over-year to 81.58%; the trailing twelve-month figure through Jun 2026 stood at 79.24% (down 178.0% YoY), and the FY2025 full-year result was 80.8%, down 21.0% from the prior year.
- Gross Margin grew to 81.58% in Q2 2026 per MRSH's latest filing, from 77.45% in the prior quarter.
- Across five years, Gross Margin topped out at 83.35% in Q1 2024 and bottomed at 74.03% in Q4 2022.
- Historically, Gross Margin has averaged 80.22% across 5 years, with a median of 80.59% in 2022.
- The sharpest annual moves came in 2023 and 2026: Gross Margin soared 467 bps in 2023, then plunged 547 bps in 2026.
- Over 5 years, Gross Margin stood at 74.03% in 2022, then increased by 6 bps to 78.7% in 2023, then fell by 0 bps to 78.66% in 2024, then retreated by 1 bps to 78.2% in 2025, then increased by 4 bps to 81.58% in 2026.
- According to Business Quant data, Gross Margin over the past three periods registered 81.58%, 77.45%, and 78.2% for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Marsh & Mclennan Companies | 84.91 Bn | 72.71 Bn | 6.04 Bn | 81.58% |
| 2 | Aon | 65.36 Bn | 64.09 Bn | - | - |
| 3 | Arthur J. Gallagher | 62.60 Bn | 61.22 Bn | - | - |
| 4 | Willis Towers Watson | 29.66 Bn | 28.00 Bn | 2.09 Bn | 84.59% |
| 5 | Brown & Brown | 22.07 Bn | 21.15 Bn | 1.41 Bn | 83.83% |
| 6 | XChange TEC.INC | 16.54 Bn | 16.54 Bn | - | - |
| 7 | Erie Indemnity | 11.09 Bn | 10.75 Bn | - | - |
| 8 | Ryan Specialty Holdings | 4.87 Bn | 4.73 Bn | - | - |
| 9 | Neptune Insurance Holdings | 4.29 Bn | 4.27 Bn | - | - |
| 10 | Baldwin Insurance | 2.72 Bn | 2.54 Bn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 81.58% |
| 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% |