Marsh & Mclennan Companies (MRSH) Net Margin (2009 - 2026)
Marsh & Mclennan Companies' (MRSH) quarterly Net Margin came in at 17.44% in Q2 2026, down 21.0% on a YoY basis from 22.07% in Q2 2025, and up 11.69% quarter-over-quarter from 15.61% in Q1 2026.
Analysis
Marsh & Mclennan Companies (MRSH) Net Margin (2009 - 2026) Analysis & Trends
Marsh & Mclennan Companies (MRSH) has reported Net Margin for 18 consecutive years, with 17.44% the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Net Margin fell 21.0% year-over-year to 17.44%; the trailing twelve-month figure through Jun 2026 stood at 14.56% (down 171.0% YoY), and the FY2025 full-year result was 15.69%, down 114.0% from the prior year.
- Net Margin improved to 17.44% in Q2 2026 per MRSH's latest filing, from 15.61% in the prior quarter.
- Across five years, Net Margin topped out at 22.0% in Q1 2024 and bottomed at 9.38% in Q4 2022.
- Historically, Net Margin has averaged 15.95% across 5 years, with a median of 16.52% in 2026.
- The sharpest annual moves came in 2022 and 2023: Net Margin slumped 633 bps in 2022, then surged 440 bps in 2023.
- Over 5 years, Net Margin stood at 9.38% in 2022, then surged by 47 bps to 13.77% in 2023, then slipped by 4 bps to 13.2% in 2024, then retreated by 4 bps to 12.65% in 2025, then surged by 38 bps to 17.44% in 2026.
- According to Business Quant data, Net Margin over the past three periods registered 17.44%, 15.61%, and 12.65% for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Marsh & Mclennan Companies | 88.77 Bn | 76.82 Bn | 6.04 Bn | 17.44% |
| 2 | Aon | 68.55 Bn | 67.31 Bn | - | 13.31% |
| 3 | Arthur J. Gallagher | 67.32 Bn | 65.96 Bn | - | 8.09% |
| 4 | Willis Towers Watson | 31.09 Bn | 29.51 Bn | 2.09 Bn | 9.53% |
| 5 | Brown & Brown | 23.57 Bn | 22.68 Bn | 1.41 Bn | 17.24% |
| 6 | XChange TEC.INC | 16.98 Bn | 16.98 Bn | - | - |
| 7 | Erie Indemnity | 11.68 Bn | 11.33 Bn | - | 16.54% |
| 8 | Ryan Specialty Holdings | 10.71 Bn | 11.08 Bn | - | 11.82% |
| 9 | Hagerty | 4.65 Bn | 4.78 Bn | 244.11 Mn | 1.72% |
| 10 | Neptune Insurance Holdings | 4.58 Bn | 4.56 Bn | - | 28.27% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 17.44% |
| Mar 31, 2026 | 15.61% |
| Dec 31, 2025 | 12.65% |
| Sep 30, 2025 | 11.92% |
| Jun 30, 2025 | 17.65% |
| Mar 31, 2025 | 20.00% |
| Dec 31, 2024 | 13.20% |
| Sep 30, 2024 | 13.20% |
| Jun 30, 2024 | 18.33% |
| Mar 31, 2024 | 22.00% |
| Dec 31, 2023 | 13.77% |
| Sep 30, 2023 | 13.71% |
| Jun 30, 2023 | 17.82% |
| Mar 31, 2023 | 21.13% |
| Dec 31, 2022 | 9.38% |
| Sep 30, 2022 | 11.57% |
| Jun 30, 2022 | 18.18% |
| Mar 31, 2022 | 19.57% |
| Dec 31, 2021 | 15.71% |
| Sep 30, 2021 | 11.83% |