Marsh & Mclennan Companies (MRSH) Tax Rate (2009 - 2026)
Marsh & Mclennan Companies (MRSH) reported Tax Rate of 24.98% for Q1 2026, up 227.0% on a YoY basis from 7.64% in Q1 2025, and up 18.84% quarter-over-quarter from 21.02% in Q4 2025.
Marsh & Mclennan Companies (MRSH) Tax Rate (2009 - 2026) Analysis & Trends
Marsh & Mclennan Companies has reported Tax Rate for 18 years, with the latest figure at 24.98% in Q1 2026.
- For the quarter ending Q1 2026, Tax Rate rose 227.0% year-over-year to 24.98%; the trailing twelve-month figure through Mar 2026 stood at 24.28% (down 21.0% YoY), and the FY2025 full-year result was 23.56%, down 131.0% from the prior year.
- Tax Rate for Q1 2026 stood at 24.98%, up from 21.02% in the prior quarter.
- The five-year high for Tax Rate was 27.34% in Q3 2024, with the low at 20.61% in Q4 2024.
- Historically, Tax Rate has averaged 24.22% across 5 years, with a median of 24.69% in 2022.
- Annual changes were most pronounced in 2022 — Tax Rate soared 714 bps — and 2024, when it slumped 639 bps.
- Marsh & Mclennan Companies' Tax Rate stood at 23.16% in 2022, then rose by 17 bps to 27.0% in 2023, then fell by 24 bps to 20.61% in 2024, then advanced by 2 bps to 21.02% in 2025, then rose by 19 bps to 24.98% in 2026.
- The last three Tax Rate figures came in at 24.98% (Q1 2026), 21.02% (Q4 2025), and 25.05% (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Marsh & Mclennan Companies | 79.42 Bn | 67.92 Bn | 5.88 Bn | 24.98% |
| 2 | Aon | 69.98 Bn | 68.59 Bn | - | 20.22% |
| 3 | Arthur J. Gallagher | 55.55 Bn | 54.17 Bn | - | 21.09% |
| 4 | Willis Towers Watson | 24.71 Bn | 22.93 Bn | 1.98 Bn | 18.62% |
| 5 | Brown & Brown | 19.80 Bn | 18.82 Bn | 1.61 Bn | 19.89% |
| 6 | XChange TEC.INC | 6.75 Bn | 6.75 Bn | - | - |
| 7 | Neptune Insurance Holdings | 4.00 Bn | 3.99 Bn | - | 27.06% |
| 8 | Corvel | 2.98 Bn | 2.64 Bn | 54.92 Mn | 25.00% |
| 9 | Accelerant Holdings | 2.93 Bn | 1.42 Bn | 48.00 Mn | 305.00% |
| 10 | Baldwin Insurance | 1.62 Bn | 2.07 Bn | - | 98.71% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 24.98% |
| Mar 31, 2026 | 24.98% |
| Dec 31, 2025 | 21.02% |
| Dec 31, 2025 | 21.02% |
| Sep 30, 2025 | 25.05% |
| Sep 30, 2025 | 25.05% |
| Jun 30, 2025 | 25.21% |
| Jun 30, 2025 | 25.21% |
| Mar 31, 2025 | 22.71% |
| Mar 31, 2025 | 22.71% |
| Dec 31, 2024 | 20.61% |
| Dec 31, 2024 | 20.61% |
| Sep 30, 2024 | 27.34% |
| Sep 30, 2024 | 27.34% |
| Jun 30, 2024 | 27.16% |
| Jun 30, 2024 | 27.16% |
| Mar 31, 2024 | 23.89% |
| Mar 31, 2024 | 23.89% |
| Dec 31, 2023 | 27.00% |
| Dec 31, 2023 | 27.00% |