Marsh & Mclennan Companies (MRSH) Tax Rate (2009 - 2026)
Marsh & Mclennan Companies (MRSH) recorded Tax Rate of 21.39% in Q3 2026, down 3.66 percentage points from 25.05% a year earlier and down 2.75 percentage points from the prior quarter.
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Analysis
Marsh & Mclennan Companies (MRSH) Tax Rate (2009 - 2026) Analysis & Trends
On a TTM basis, Marsh & Mclennan Companies' Tax Rate came in at 23.25% as of Sep 30, 2026, down 0.26 percentage points year-over-year; for FY2025, it came in at 23.56%, down 1.31 percentage points from FY2024.
- Annual Tax Rate has a five-year change of -3.19 percentage points (FY2020 to FY2025).
- Across earlier years, Tax Rate came in at 24.87% in FY2024 (+0.52 pp), 24.35% in FY2023 (-0.02 pp), 24.38% in FY2022 (-0.20 pp) and 24.57% in FY2021 (-2.17 pp).
- Quarterly Tax Rate has ranged from 16.02% in Q4 2021 to 27.34% in Q3 2024 over the past five years.
- On a year-over-year basis, Tax Rate rose in two of the last eight quarters, with an average year-over-year change of -1.73 percentage points.
- Peak year-over-year performance for Tax Rate in the last five years was a gain of 7.14 percentage points in Q4 2022, against a drop of 13.79 percentage points in Q4 2021 at the low end.
- Per Business Quant, the preceding three quarters came in at 24.15% (Q2 2026), 24.98% (Q1 2026) and 21.02% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Chubb | 140.58 Bn | 87.16 Bn | 9.13 Bn | 20.47% |
| 2 | Progressive | 133.77 Bn | 109.60 Bn | 9.04 Bn | 21.34% |
| 3 | Marsh & Mclennan Companies | 94.83 Bn | 86.99 Bn | - | 21.39% |
| 4 | Travelers Companies | 85.21 Bn | 61.45 Bn | 6.23 Bn | 20.20% |
| 5 | Manulife Financial | 76.70 Bn | -18.18 Bn | - | - |
| 6 | Arthur J. Gallagher | 69.69 Bn | 64.09 Bn | - | 21.74% |
| 7 | Allstate | 66.23 Bn | 27.50 Bn | 8.73 Bn | 21.03% |
| 8 | Metlife | 65.94 Bn | -40.84 Bn | 7.82 Bn | 24.73% |
| 9 | Aon | 65.19 Bn | 58.41 Bn | - | 21.96% |
| 10 | Aflac | 61.82 Bn | 37.03 Bn | 2.27 Bn | 17.09% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 21.39% |
| 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% |
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();