Marsh & Mclennan Companies (MRSH) Tax Rate (2009 - 2026)
Marsh & Mclennan Companies' (MRSH) quarterly Tax Rate came in at 24.15% in Q2 2026, down 106.0% on a YoY basis from 402.47% in Q2 2025, and down 3.35% quarter-over-quarter from 24.98% in Q1 2026.
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Analysis
Marsh & Mclennan Companies (MRSH) Tax Rate (2009 - 2026) Analysis & Trends
Marsh & Mclennan Companies (MRSH) has reported Tax Rate for 18 consecutive years, with 24.15% the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Tax Rate fell 106.0% year-over-year to 24.15%; the trailing twelve-month figure through Jun 2026 stood at 23.95% (changed 0.0% YoY), and the FY2025 full-year result was 23.56%, down 131.0% from the prior year.
- Tax Rate declined to 24.15% in Q2 2026 per MRSH's latest filing, from 24.98% in the prior quarter.
- Across five years, Tax Rate topped out at 27.34% in Q3 2024 and bottomed at 20.61% in Q4 2024.
- Historically, Tax Rate has averaged 24.22% across 5 years, with a median of 24.52% in 2022.
- The sharpest annual moves came in 2022 and 2024: Tax Rate jumped 714 bps in 2022, then tumbled 639 bps in 2024.
- Over 5 years, Tax Rate stood at 23.16% in 2022, then advanced by 17 bps to 27.0% in 2023, then decreased by 24 bps to 20.61% in 2024, then grew by 2 bps to 21.02% in 2025, then gained by 15 bps to 24.15% in 2026.
- According to Business Quant data, Tax Rate over the past three periods registered 24.15%, 24.98%, and 21.02% for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Marsh & Mclennan Companies | 81.24 Bn | 69.29 Bn | 6.04 Bn | 24.15% |
| 2 | Aon | 60.67 Bn | 59.43 Bn | - | 21.96% |
| 3 | Arthur J. Gallagher | 59.09 Bn | 57.73 Bn | - | 21.74% |
| 4 | Willis Towers Watson | 28.02 Bn | 26.44 Bn | 2.09 Bn | 19.52% |
| 5 | Brown & Brown | 20.61 Bn | 19.72 Bn | 1.41 Bn | 24.54% |
| 6 | XChange TEC.INC | 11.95 Bn | 11.95 Bn | - | - |
| 7 | Erie Indemnity | 10.83 Bn | 10.48 Bn | - | 20.95% |
| 8 | Ryan Specialty Holdings | 9.82 Bn | 10.19 Bn | - | 17.10% |
| 9 | Hagerty | 4.67 Bn | 4.81 Bn | 244.11 Mn | -260.26% |
| 10 | Baldwin Insurance | 4.45 Bn | 4.81 Bn | - | -0.15% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 24.15% |
| Mar 31, 2026 | 24.98% |
| Dec 31, 2025 | 21.02% |
| Sep 30, 2025 | 25.05% |
| Jun 30, 2025 | 25.21% |
| Mar 31, 2025 | 22.71% |
| Dec 31, 2024 | 20.61% |
| Sep 30, 2024 | 27.34% |
| Jun 30, 2024 | 27.16% |
| Mar 31, 2024 | 23.89% |
| Dec 31, 2023 | 27.00% |
| Sep 30, 2023 | 20.65% |
| Jun 30, 2023 | 24.35% |
| Mar 31, 2023 | 24.76% |
| Dec 31, 2022 | 23.16% |
| Sep 30, 2022 | 24.69% |
| Jun 30, 2022 | 25.46% |
| Mar 31, 2022 | 23.74% |
| Dec 31, 2021 | 16.02% |
| Sep 30, 2021 | 24.30% |
API Access
Marsh & Mclennan Companies Tax Rate API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=tax-rate&ticker=MRSH&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "tax-rate", "ticker": "MRSH", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=tax-rate&ticker=MRSH&period=max&api_key=YOUR_API_KEY");
const data = await res.json();