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% YoY from 22.07% in Q2 2025, and up 11.69% on a QoQ basis from 15.61% in Q1 2026.
Marsh & Mclennan Companies (MRSH) Net Margin (2009 - 2026) Analysis & Trends
Marsh & Mclennan Companies (MRSH) has 17 years of Net Margin data on file, last reported at 17.44% in Q2 2026.
- Quarterly Net Margin fell 21.0% year-over-year to 17.44% in Q2 2026, while the trailing twelve-month figure through Jun 2026 was 14.56% (down 171.0% YoY) and the FY2025 annual result came in at 15.69%, down 114.0% from the prior year.
- Net Margin grew to 17.44% in Q2 2026, from 15.61% in the prior quarter.
- In the past five years, Net Margin ranged from a high of 22.0% in Q1 2024 to a low of 9.38% in Q4 2022.
- A 5-year average of 15.95% and a median of 16.52% in 2026 frame the typical range for Net Margin.
- Annual changes were most pronounced in 2022 — Net Margin sank 633 bps — and 2023, when it jumped 440 bps.
- Tracing MRSH's Net Margin over 5 years: 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 soared by 38 bps to 17.44% in 2026.
- The last three Net Margin figures came in at 17.44% (Q2 2026), 15.61% (Q1 2026), and 12.65% (Q4 2025), per Business Quant data.
Powered by 
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | XChange TEC.INC | 279.91 Bn | 279.90 Bn | - | - |
| 2 | Marsh & Mclennan Companies | 91.40 Bn | 79.19 Bn | 6.04 Bn | 17.44% |
| 3 | Aon | 75.07 Bn | 73.80 Bn | - | 13.31% |
| 4 | Arthur J. Gallagher | 66.45 Bn | 65.07 Bn | - | 8.09% |
| 5 | Willis Towers Watson | 32.02 Bn | 30.36 Bn | 2.09 Bn | 9.53% |
| 6 | Brown & Brown | 23.72 Bn | 22.80 Bn | 1.41 Bn | 17.24% |
| 7 | Erie Indemnity | 12.11 Bn | 11.77 Bn | - | 16.54% |
| 8 | Neptune Insurance Holdings | 4.50 Bn | 4.48 Bn | - | 28.27% |
| 9 | Accelerant Holdings | 4.28 Bn | 2.62 Bn | 285.20 Mn | 22.05% |
| 10 | Corvel | 3.60 Bn | 3.25 Bn | - | - |
Historic Data
Download 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% |