MRSH Marsh & McLennan Cos margins

Relative Growth: Rel. Growth: 64

Relative Strength: Rel. Strength: 62

Relative Valuation: Rel. Valuation: 49

Relative Profitability: Rel. Profitability: 95

Gross margin

100%

Operating margin

21.4%

EBITDA margin

26.3%

Net margin

14.2%

Based on the latest figures, Marsh & McLennan Cos reports a gross margin of 100%, an operating margin of 21.4%, an EBITDA margin of 26.3%, and a net margin of 14.2%. EBITDA margin led the reported margin declines with 2.2 percentage points, while the other margins did not change.

MRSH margin history

Gross, operating, EBITDA and net margin trends

Looking back over the last 3 years, Marsh & McLennan Cos recorded average margins of 100% gross, 23.06% operating, 28.38% EBITDA, and 15.79% net. Marsh & McLennan Cos's current metrics show that operating, EBITDA, and net margins are below their three-year averages.

MRSH margin expansion

Year-over-year margin changes in percentage points

From the same period last year, operating margin contracted by 1.8 percentage points, EBITDA margin by 2.2 percentage points, and net margin by 1.4 percentage points, while gross margin was unchanged.

Gross margin expansion

0pp

Operating margin expansion

-1.8pp

EBITDA margin expansion

-2.2pp

Net margin expansion

-1.4pp

MRSH Gross margin

Marsh & McLennan Cos's gross margin averaged 100% across the past 3 years. The current gross margin of 100% is in line with its three-year average. Over the last 3 years, Marsh & McLennan Cos's gross margin peaked at 100% in Sep 2026 and reached a low of 100% in Dec 2023.

MRSH Operating margin

Across the last 3 years, Marsh & McLennan Cos's operating margin came to 23.06%. The current operating margin stands at 21.4%, 1.7 percentage points below its three-year average. Operating margin was highest at 24.1% in Sep 2024 and lowest at 21.4% in Sep 2026.

MRSH EBITDA margin

Marsh & McLennan Cos recorded an average EBITDA margin of 28.38% across the last 3 years. Marsh & McLennan Cos currently reports an EBITDA margin of 26.3%, 2.1 percentage points below its three-year average. EBITDA margin was highest at 29.6% in Sep 2024 and lowest at 26.3% in Sep 2026.

MRSH Net margin

Across the last 3 years, Marsh & McLennan Cos's net margin averaged 15.79%. The current net margin stands at 14.2%, 1.6 percentage points below its three-year average. Net margin was highest at 17% in Jun 2024 and lowest at 14.2% in Jun 2026.

MRSH margin group comparison

Margins compared with peer-group, industry and sector averages

With a gross margin of 100%, MRSH stands higher than the Financial Services sector, the industry and its peers average. Looking at the Financial Services sector average of 83.7%, Marsh & McLennan Cos's gross margin is 19% higher.

MRSH margin peer comparison

Compare margins with selected peers

Frequently asked questions

What is Marsh & McLennan Cos's gross margin?

As of Sep 30, 2026, MRSH has a gross margin of 100%.

What is Marsh & McLennan Cos's operating margin?

As of Sep 30, 2026, MRSH has an operating margin of 21.4%.

What is Marsh & McLennan Cos's EBITDA margin?

As of Sep 30, 2026, MRSH has an EBITDA margin of 26.3%.

What is Marsh & McLennan Cos's net margin?

As of Sep 30, 2026, MRSH has a net margin of 14.2%.

What are the average margins of MRSH?

Marsh & McLennan Cos's gross, operating, EBITDA, and net margins averaged 100.0% gross, 23.1% operating, 28.4% EBITDA, and 15.8% net over the last 3 years.

What are the highest historical margins of MRSH?

Looking back across 5 years, MRSH reached 100% gross in Sep 2026, 24.1% operating in Sep 2024, 29.6% EBITDA in Sep 2024, and 17% net in Jun 2024.

What are the lowest historical margins of MRSH?

Marsh & McLennan Cos's lowest recorded margins during the past 5 years were 100% gross in Dec 2021, 20.7% operating in Dec 2022, 26.3% EBITDA in Sep 2026, and 14.2% net in Jun 2026.