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% YoY from 163.16% in Q2 2025, and up 5.33% on a QoQ basis from 77.45% in Q1 2026.
Marsh & Mclennan Companies (MRSH) Gross Margin (2009 - 2026) Analysis & Trends
Marsh & Mclennan Companies (MRSH) has 18 years of Gross Margin data on file, last reported at 81.58% in Q2 2026.
- Quarterly Gross Margin fell 50.0% year-over-year to 81.58% in Q2 2026, while the trailing twelve-month figure through Jun 2026 was 79.24% (down 178.0% YoY) and the FY2025 annual result came in at 80.8%, down 21.0% from the prior year.
- Gross Margin climbed to 81.58% in Q2 2026, from 77.45% in the prior quarter.
- In the past five years, Gross Margin ranged from a high of 83.35% in Q1 2024 to a low of 74.03% in Q4 2022.
- A 5-year average of 80.22% and a median of 80.59% in 2022 frame the typical range for Gross Margin.
- Annual changes were most pronounced in 2023 — Gross Margin surged 467 bps — and 2026, when it tumbled 547 bps.
- Tracing MRSH's Gross Margin over 5 years: 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 climbed by 4 bps to 81.58% in 2026.
- The last three Gross Margin figures came in at 81.58% (Q2 2026), 77.45% (Q1 2026), and 78.2% (Q4 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | XChange TEC.INC | 264.13 Bn | 264.13 Bn | - | - |
| 2 | Marsh & Mclennan Companies | 92.35 Bn | 80.14 Bn | 6.04 Bn | 81.58% |
| 3 | Aon | 75.69 Bn | 74.42 Bn | - | - |
| 4 | Arthur J. Gallagher | 67.56 Bn | 66.17 Bn | - | - |
| 5 | Willis Towers Watson | 32.15 Bn | 30.49 Bn | 2.09 Bn | 84.59% |
| 6 | Brown & Brown | 24.03 Bn | 23.11 Bn | 1.41 Bn | 83.83% |
| 7 | Erie Indemnity | 12.21 Bn | 11.86 Bn | - | - |
| 8 | Neptune Insurance Holdings | 4.59 Bn | 4.57 Bn | - | - |
| 9 | Accelerant Holdings | 4.27 Bn | 2.62 Bn | 285.20 Mn | 79.91% |
| 10 | Corvel | 3.59 Bn | 3.24 Bn | - | - |
Historic Data
Download 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% |