Marsh & Mclennan Companies (MRSH) Operating Expenses (2009 - 2026)
Marsh & Mclennan Companies' (MRSH) quarterly Operating Expenses came in at $5.5 billion in Q2 2026, up 7.0% YoY from $5.1 billion in Q2 2025, and down 5.78% on a QoQ basis from $5.8 billion in Q1 2026.
Marsh & Mclennan Companies (MRSH) Operating Expenses (2009 - 2026) Analysis & Trends
Marsh & Mclennan Companies (MRSH) has 18 years of Operating Expenses data on file, last reported at $5.5 billion in Q2 2026.
- Quarterly Operating Expenses rose 7.0% year-over-year to $5.5 billion in Q2 2026, while the trailing twelve-month figure through Jun 2026 was $21.9 billion (up 11.11% YoY) and the FY2025 annual result came in at $20.8 billion, up 11.36% from the prior year.
- Operating Expenses slipped to $5.5 billion in Q2 2026, from $5.8 billion in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $5.8 billion in Q1 2026 to a low of $4.0 billion in Q3 2022.
- A 5-year average of $4.7 billion and a median of $4.6 billion in 2024 frame the typical range for Operating Expenses.
- Annual changes were most pronounced in 2023 — Operating Expenses advanced 2.29% — and 2026, when it climbed 15.57%.
- Tracing MRSH's Operating Expenses over 5 years: stood at $4.3 billion in 2022, then advanced by 2.51% to $4.5 billion in 2023, then grew by 10.65% to $4.9 billion in 2024, then rose by 9.16% to $5.4 billion in 2025, then increased by 2.4% to $5.5 billion in 2026.
- The last three Operating Expenses figures came in at $5.5 billion (Q2 2026), $5.8 billion (Q1 2026), and $5.4 billion (Q4 2025), per Business Quant data.
Powered by 
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | XChange TEC.INC | 279.91 Bn | 279.90 Bn | - | - |
| 2 | Marsh & Mclennan Companies | 91.40 Bn | 79.19 Bn | 6.04 Bn | 5.51 Bn |
| 3 | Aon | 75.07 Bn | 73.80 Bn | - | 3.33 Bn |
| 4 | Arthur J. Gallagher | 66.45 Bn | 65.07 Bn | - | 3.59 Bn |
| 5 | Willis Towers Watson | 32.02 Bn | 30.36 Bn | 2.09 Bn | 2.10 Bn |
| 6 | Brown & Brown | 23.72 Bn | 22.80 Bn | 1.41 Bn | 1.29 Bn |
| 7 | Erie Indemnity | 12.11 Bn | 11.77 Bn | - | 885.67 Mn |
| 8 | Neptune Insurance Holdings | 4.50 Bn | 4.48 Bn | - | 29.32 Mn |
| 9 | Accelerant Holdings | 4.28 Bn | 2.62 Bn | 285.20 Mn | 269.50 Mn |
| 10 | Corvel | 3.60 Bn | 3.25 Bn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 5.51 Bn |
| Mar 31, 2026 | 5.84 Bn |
| Dec 31, 2025 | 5.38 Bn |
| Sep 30, 2025 | 5.18 Bn |
| Jun 30, 2025 | 5.15 Bn |
| Mar 31, 2025 | 5.06 Bn |
| Dec 31, 2024 | 4.93 Bn |
| Sep 30, 2024 | 4.59 Bn |
| Jun 30, 2024 | 4.58 Bn |
| Mar 31, 2024 | 4.55 Bn |
| Dec 31, 2023 | 4.45 Bn |
| Sep 30, 2023 | 4.39 Bn |
| Jun 30, 2023 | 4.42 Bn |
| Mar 31, 2023 | 4.20 Bn |
| Dec 31, 2022 | 4.34 Bn |
| Sep 30, 2022 | 3.98 Bn |
| Jun 30, 2022 | 4.02 Bn |
| Mar 31, 2022 | 4.10 Bn |
| Dec 31, 2021 | 4.15 Bn |
| Sep 30, 2021 | 3.84 Bn |