Marsh & Mclennan Companies (MRSH) Net Margin (2009 - 2026)
Marsh & Mclennan Companies (MRSH) reported Net Margin of 15.61% for Q1 2026, down 439.0% on a YoY basis from 4.61% in Q1 2025, and up 23.45% quarter-over-quarter from 12.65% in Q4 2025.
Marsh & Mclennan Companies (MRSH) Net Margin (2009 - 2026) Analysis & Trends
Marsh & Mclennan Companies has reported Net Margin for 17 years, with the latest figure at 15.61% in Q1 2026.
- For the quarter ending Q1 2026, Net Margin fell 439.0% year-over-year to 15.61%; the trailing twelve-month figure through Mar 2026 stood at 14.57% (down 182.0% YoY), and the FY2025 full-year result was 15.69%, down 114.0% from the prior year.
- Net Margin for Q1 2026 stood at 15.61%, up from 12.65% in the prior quarter.
- The five-year high for Net Margin was 22.0% in Q1 2024, with the low at 9.38% in Q4 2022.
- Historically, Net Margin has averaged 15.86% across 5 years, with a median of 15.61% in 2026.
- Annual changes were most pronounced in 2022 — Net Margin sank 633 bps — and 2023, when it jumped 440 bps.
- Marsh & Mclennan Companies' Net Margin stood at 9.38% in 2022, then soared by 47 bps to 13.77% in 2023, then retreated by 4 bps to 13.2% in 2024, then declined by 4 bps to 12.65% in 2025, then increased by 23 bps to 15.61% in 2026.
- The last three Net Margin figures came in at 15.61% (Q1 2026), 12.65% (Q4 2025), and 11.92% (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Marsh & Mclennan Companies | 79.42 Bn | 67.92 Bn | 5.88 Bn | 15.61% |
| 2 | Aon | 69.98 Bn | 68.59 Bn | - | 24.61% |
| 3 | Arthur J. Gallagher | 55.55 Bn | 54.17 Bn | - | 17.45% |
| 4 | Willis Towers Watson | 24.71 Bn | 22.93 Bn | 1.98 Bn | 12.95% |
| 5 | Brown & Brown | 19.80 Bn | 18.82 Bn | 1.61 Bn | 22.46% |
| 6 | XChange TEC.INC | 6.75 Bn | 6.75 Bn | - | - |
| 7 | Neptune Insurance Holdings | 4.00 Bn | 3.99 Bn | - | 19.44% |
| 8 | Corvel | 2.98 Bn | 2.64 Bn | 54.92 Mn | 10.26% |
| 9 | Accelerant Holdings | 2.93 Bn | 1.42 Bn | 48.00 Mn | -4.01% |
| 10 | Baldwin Insurance | 1.62 Bn | 2.07 Bn | - | -111.39% |
Historic Data
Download Data| Date | Value |
|---|---|
| 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% |
| Jun 30, 2021 | 16.48% |