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Marsh & Mclennan Companies (MRSH) Operating Expenses (2016 - 2025)

Marsh & Mclennan Companies (MRSH) has disclosed Operating Expenses for 17 consecutive years, with $5.4 billion as the latest value for Q4 2025.

  • For the quarter ending Q4 2025, Operating Expenses rose 9.16% year-over-year to $5.4 billion, compared with a TTM value of $20.8 billion through Dec 2025, up 11.36%, and an annual FY2025 reading of $20.8 billion, up 11.36% over the prior year.
  • Operating Expenses was $5.4 billion for Q4 2025 at Marsh & Mclennan Companies, up from $5.2 billion in the prior quarter.
  • Across five years, Operating Expenses topped out at $5.4 billion in Q4 2025 and bottomed at $3.7 billion in Q1 2021.
  • Average Operating Expenses over 5 years is $4.4 billion, with a median of $4.4 billion recorded in 2023.
  • The sharpest move saw Operating Expenses rose 14.68% in 2021, then rose 2.29% in 2023.
  • Year by year, Operating Expenses stood at $4.2 billion in 2021, then increased by 4.6% to $4.3 billion in 2022, then grew by 2.51% to $4.5 billion in 2023, then rose by 10.65% to $4.9 billion in 2024, then increased by 9.16% to $5.4 billion in 2025.
  • Business Quant data shows Operating Expenses for MRSH at $5.4 billion in Q4 2025, $5.2 billion in Q3 2025, and $5.1 billion in Q2 2025.