Buyback yield (TTM)
3.41%
Shareholder yield (TTM)
5.61%
5Y share count change
-4.3%
Buyback spend (TTM)
$2.74B
Cumulative buybacks
$20.4B
Key takeaways
- Marsh & McLennan Companies (MRSH) repurchased about $2.74B of stock over the trailing twelve months.
- Diluted share count is down 4.3% over the last ~5 fiscal years — buybacks are net-shrinking the share base.
- TTM buyback ÷ stock-based-comp ratio of 6.91× — repurchases more than cover SBC dilution.
- TTM repurchases used about 91% of free cash flow remaining after dividends.
Dividend & buyback yield over time for Marsh & McLennan Companies (MRSH)
Stacked annual yields — buyback yield (TTM cash repurchases ÷ market cap) plus dividend yield from the same fiscal-year-end key-metrics period — show how total cash return per dollar of equity has evolved.
Diluted vs basic shares (annual) for Marsh & McLennan Companies (MRSH)
Diluted weighted-average shares are the EPS denominator — a falling count means buybacks are outpacing SBC dilution.
Year-over-year change in diluted shares for Marsh & McLennan Companies (MRSH)
Green is fewer shares vs the prior fiscal year (net repurchase); red is growth (dilution). The earliest year shown has no prior year to compare.
Cash buyback spend over time for Marsh & McLennan Companies (MRSH)
Latest: $2.01B
Overview
Marsh & McLennan Companies (MRSH) most recent annual buyback spend stands at $2.01B (2025) – surged 123.6% year-over-year.
Through 2015–2025 (10 years), Marsh & McLennan Companies buyback spend delivered a +3.3% annualised rate; with mixed annual results across the window.
2025 marks the peak buyback spend at $2.01B, with the historical low of $0.00 recorded in 1997.
Marsh & McLennan Companies Buyback Spend 2025: $2.01B
In 2025, Marsh & McLennan Companies reported buyback spend of $2.01B, surged 123.6% from 2024. This figure represents the highest annual value in the available history.
Marsh & McLennan Companies Buyback Spend 2024: $900M
Marsh & McLennan Companies buyback spend in 2024 was $900M, declined 21.7% below 2023.
Marsh & McLennan Companies Buyback Spend 2023: $1.15B
2023's buyback spend for Marsh & McLennan Companies came in at $1.15B, plunged 41.0% below 2022.
Marsh & McLennan Companies Buyback Spend 2022: $1.95B
Marsh & McLennan Companies posted buyback spend of $1.95B in 2022, surged 68.2% from 2021.
Marsh & McLennan Companies Buyback Spend 2021: $1.16B
Marsh & McLennan Companies buyback spend in 2021 was $1.16B.
See more financial history for Marsh & McLennan Companies (MRSH).
Buyback, SBC & dilution history
Buyback spend, SBC, net dilution effect, and share count.
| 2025 | $2.01B | $394M | $1.62B | 2.23% | 490M | -1.2% | |
| 2024 | $900M | $368M | $532M | 0.86% | 496M | -0.6% | |
| 2023 | $1.15B | $363M | $787M | 1.23% | 499M | -1.2% | |
| 2022 | $1.95B | $367M | $1.58B | 2.38% | 505M | -1.6% | |
| 2021 | $1.16B | $348M | $811M | 1.32% | 513M | +0.2% | |
| 2020 | $0.00 | $290M | -$290M | — | 512M | +0.2% | |
| 2019 | $574M | $252M | $322M | 1.02% | 511M | 0.0% | |
| 2018 | $742M | $193M | $549M | 1.85% | 511M | -1.5% | |
| 2017 | $949M | $149M | $800M | 2.29% | 519M | -1.0% | |
| 2016 | $839M | $109M | $730M | 2.41% | 524M | -2.2% | |
| 2015 | $1.45B | $88M | $1.36B | 5.01% | 536M | -3.1% | |
| 2014 | $864M | $93M | $771M | 2.79% | 553M | -0.9% | |
| 2013 | $629M | $18M | $611M | 2.37% | 558M | +1.1% | |
| 2012 | $327M | $26M | $301M | 1.74% | 552M | +0.2% | |
| 2011 | $454M | $21M | $433M | 2.66% | 551M | +1.3% | |
| 2010 | $145M | $18M | $127M | 0.98% | 544M | +3.8% | |
| 2009 | $0.00 | $11M | -$11M | — | 524M | +1.7% | |
| 2008 | $0.00 | $34M | -$34M | — | 515M | -5.7% | |
| 2007 | $1.3B | $0.00 | $1.3B | 9.46% | 546M | -2.0% | |
| 2006 | $0.00 | $0.00 | $0.00 | — | 557M | +2.6% | |
| 2005 | $0.00 | $0.00 | $0.00 | — | 543M | +1.5% | |
| 2004 | $536M | $0.00 | $536M | 3.07% | 535M | -2.4% | |
| 2003 | $1.2B | $0.00 | $1.2B | 4.75% | 548M | -1.6% | |
| 2002 | $1.18B | $0.00 | $1.18B | 4.78% | 557M | -2.8% | |
| 2001 | $763M | $0.00 | $763M | 2.60% | 573M | +0.9% | |
| 2000 | $49M | $0.00 | $49M | — | 568M | +4.4% | |
| 1999 | $13M | $0.00 | $13M | — | 544M | +3.0% | |
| 1998 | $242M | $0.00 | $242M | — | 528M | +5.2% | |
| 1997 | $0.00 | $0.00 | $0.00 | — | 502M | +13.7% | |
| 1996 | $230M | $0.00 | $230M | — | 441M | — | |
| 1995 | $138M | $0.00 | $138M | — | — | — | |
| 1994 | $143M | $0.00 | $143M | — | — | — | |
| 1993 | $49.5M | $0.00 | $49.5M | — | — | — | |
| 1992 | $28.2M | $0.00 | $28.2M | — | — | — | |
| 1991 | $226M | $0.00 | $226M | — | — | — | |
| 1990 | $78.4M | $0.00 | $78.4M | — | — | — | |
| 1989 | $47.1M | $0.00 | $47.1M | — | — | — |
- 2025$2.01B
- 2024$900M
- 2023$1.15B
- 2022$1.95B
- 2021$1.16B
- 2020$0.00
- 2019$574M
- 2018$742M
- 2017$949M
- 2016$839M
- 2015$1.45B
- 2014$864M
- 2013$629M
- 2012$327M
- 2011$454M
- 2010$145M
- 2009$0.00
- 2008$0.00
- 2007$1.3B
- 2006$0.00
- 2005$0.00
- 2004$536M
- 2003$1.2B
- 2002$1.18B
- 2001$763M
- 2000$49M
- 1999$13M
- 1998$242M
- 1997$0.00
- 1996$230M
- 1995$138M
- 1994$143M
- 1993$49.5M
- 1992$28.2M
- 1991$226M
- 1990$78.4M
- 1989$47.1M
Buybacks vs stock-based compensation for Marsh & McLennan Companies (MRSH)
Annual cash repurchases set against stock-based compensation. Coverage above 1× means buybacks fully offset the equity dilution from SBC. TTM coverage: 6.91×.
Buybacks vs dividends (share of cash returned) for Marsh & McLennan Companies (MRSH)
How Marsh & McLennan Companies splits cash returned to shareholders between dividends and buybacks.
Sector peers by buyback spend
Companies in the same sector as Marsh & McLennan Companies, ranked by their latest buyback spend.
| $34.6B | |
| $24.1B | |
| $19.5B | |
| $13.4B | |
| $12.4B | |
| $11.7B | |
| $5.84B | |
| $0.00 |
- $34.6B
- $24.1B
- $19.5B
- $13.4B
- $12.4B
- $11.7B
- $5.84B
Buyback capacity (TTM)
Free cash flow minus dividends paid versus actual TTM repurchases — the headroom bar shows how much of post-dividend FCF is still being deployed elsewhere.
Headroom $3B (TTM FCF − TTM dividends, clamped at zero).
Frequently asked questions
Data & methodology
Explore more
Deep-dives across the income statement, cash flow, capital return, and valuation
- Buybacks3.41% TTM
- Dividend Profile1.87% yield
- Dividend Calculator
- Dividend Forecast
- Dividend Capture
- Stock Split History5 splits
How this company returns cash to shareholders — buybacks, dividends, and stock splits.