Marsh & Mclennan Companies (MRSH) Total Debt (2009 - 2026)
Marsh & Mclennan Companies' (MRSH) quarterly Total Debt came in at $21.2 billion in Q2 2026, up 4.22% on a YoY basis from $20.3 billion in Q2 2025, and little changed quarter-over-quarter from $21.3 billion in Q1 2026.
Analysis
Marsh & Mclennan Companies (MRSH) Total Debt (2009 - 2026) Analysis & Trends
Marsh & Mclennan Companies (MRSH) has reported Total Debt for 18 consecutive years, with $21.2 billion the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Total Debt rose 4.22% year-over-year to $21.2 billion; the trailing twelve-month figure through Jun 2026 stood at $21.2 billion (up 4.22% YoY), and the FY2025 full-year result was $20.9 billion, up 1.9% from the prior year.
- Total Debt steadied at $21.2 billion in Q2 2026 per MRSH's latest filing, from $21.3 billion in the prior quarter.
- Across five years, Total Debt topped out at $21.3 billion in Q1 2026 and bottomed at $11.7 billion in Q3 2022.
- Historically, Total Debt has averaged $16.4 billion across 5 years, with a median of $14.8 billion in 2023.
- The sharpest annual moves came in 2024 and 2025: Total Debt declined 13.86% in 2024, then jumped 55.94% in 2025.
- Over 5 years, Total Debt stood at $12.0 billion in 2022, then grew by 25.36% to $15.1 billion in 2023, then jumped by 35.7% to $20.5 billion in 2024, then gained by 1.9% to $20.9 billion in 2025, then gained by 1.69% to $21.2 billion in 2026.
- According to Business Quant data, Total Debt over the past three periods registered $21.2 billion, $21.3 billion, and $20.9 billion for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Total Debt (Qtr) |
|---|---|---|---|---|---|
| 1 | Marsh & Mclennan Companies | 85.01 Bn | 72.81 Bn | 6.04 Bn | 21.21 Bn |
| 2 | Aon | 65.60 Bn | 64.34 Bn | - | 14.97 Bn |
| 3 | Arthur J. Gallagher | 62.53 Bn | 61.14 Bn | - | 15.00 Bn |
| 4 | Willis Towers Watson | 29.65 Bn | 27.99 Bn | 2.09 Bn | 6.53 Bn |
| 5 | Brown & Brown | 22.09 Bn | 21.17 Bn | 1.41 Bn | 7.76 Bn |
| 6 | XChange TEC.INC | 16.16 Bn | 16.16 Bn | - | 98.39 Mn |
| 7 | Erie Indemnity | 11.12 Bn | 10.78 Bn | - | - |
| 8 | Ryan Specialty Holdings | 4.85 Bn | 4.71 Bn | - | 3.63 Bn |
| 9 | Neptune Insurance Holdings | 4.29 Bn | 4.28 Bn | - | 240.00 Mn |
| 10 | Baldwin Insurance | 2.73 Bn | 2.54 Bn | - | 2.27 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 21.21 Bn |
| Mar 31, 2026 | 21.26 Bn |
| Dec 31, 2025 | 20.85 Bn |
| Sep 30, 2025 | 20.84 Bn |
| Jun 30, 2025 | 20.35 Bn |
| Mar 31, 2025 | 21.15 Bn |
| Dec 31, 2024 | 20.47 Bn |
| Sep 30, 2024 | 13.37 Bn |
| Jun 30, 2024 | 14.06 Bn |
| Mar 31, 2024 | 14.59 Bn |
| Dec 31, 2023 | 15.08 Bn |
| Sep 30, 2023 | 15.52 Bn |
| Jun 30, 2023 | 14.49 Bn |
| Mar 31, 2023 | 14.22 Bn |
| Dec 31, 2022 | 12.03 Bn |
| Sep 30, 2022 | 11.73 Bn |
| Jun 30, 2022 | 12.17 Bn |
| Mar 31, 2022 | 12.11 Bn |
| Dec 31, 2021 | 10.98 Bn |
| Sep 30, 2021 | 11.26 Bn |