Buyback yield (TTM)
2.77%
Shareholder yield (TTM)
4.84%
5Y share count change
-4.3%
Buyback spend (TTM)
$2.33B
Cumulative buybacks
$20.36B
Key takeaways
- Marsh & McLennan Companies (MRSH) repurchased about $2.33B 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 5.52× — repurchases more than cover SBC dilution.
- TTM repurchases used about 73% 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: $900.00M
Marsh & McLennan Companies buyback spend in 2024 was $900.00M, 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 | $394.00M | $1.62B | 2.23% | 0.49B | -1.2% | |
| 2024 | $900.00M | $368.00M | $532.00M | 0.86% | 0.50B | -0.6% | |
| 2023 | $1.15B | $363.00M | $787.00M | 1.23% | 0.50B | -1.2% | |
| 2022 | $1.95B | $367.00M | $1.58B | 2.38% | 0.51B | -1.6% | |
| 2021 | $1.16B | $348.00M | $811.00M | 1.32% | 0.51B | +0.2% | |
| 2020 | $0.00 | $290.00M | −$290.00M | — | 0.51B | +0.2% | |
| 2019 | $574.00M | $252.00M | $322.00M | 1.02% | 0.51B | 0.0% | |
| 2018 | $742.00M | $193.00M | $549.00M | 1.85% | 0.51B | -1.5% | |
| 2017 | $949.00M | $149.00M | $800.00M | 2.29% | 0.52B | -1.0% | |
| 2016 | $839.00M | $109.00M | $730.00M | 2.41% | 0.52B | -2.2% | |
| 2015 | $1.45B | $88.00M | $1.36B | 5.01% | 0.54B | -3.1% | |
| 2014 | $864.00M | $93.00M | $771.00M | 2.79% | 0.55B | -0.9% | |
| 2013 | $629.00M | $18.00M | $611.00M | 2.37% | 0.56B | +1.1% | |
| 2012 | $327.00M | $26.00M | $301.00M | 1.74% | 0.55B | +0.2% | |
| 2011 | $454.00M | $21.00M | $433.00M | 2.66% | 0.55B | +1.3% | |
| 2010 | $145.00M | $18.00M | $127.00M | 0.98% | 0.54B | +3.8% | |
| 2009 | $0.00 | $11.00M | −$11.00M | — | 0.52B | +1.7% | |
| 2008 | $0.00 | $34.00M | −$34.00M | — | 0.52B | -5.7% | |
| 2007 | $1.30B | $0.00 | $1.30B | 9.46% | 0.55B | -2.0% | |
| 2006 | $0.00 | $0.00 | $0.00 | — | 0.56B | +2.6% | |
| 2005 | $0.00 | $0.00 | $0.00 | — | 0.54B | +1.5% | |
| 2004 | $536.00M | $0.00 | $536.00M | 3.07% | 0.54B | -2.4% | |
| 2003 | $1.20B | $0.00 | $1.20B | 4.75% | 0.55B | -1.6% | |
| 2002 | $1.18B | $0.00 | $1.18B | 4.78% | 0.56B | -2.8% | |
| 2001 | $763.00M | $0.00 | $763.00M | 2.60% | 0.57B | +0.9% | |
| 2000 | $49.00M | $0.00 | $49.00M | — | 0.57B | +4.4% | |
| 1999 | $13.00M | $0.00 | $13.00M | — | 0.54B | +3.0% | |
| 1998 | $242.00M | $0.00 | $242.00M | — | 0.53B | +5.2% | |
| 1997 | $0.00 | $0.00 | $0.00 | — | 0.50B | +13.7% | |
| 1996 | $230.10M | $0.00 | $230.10M | — | 0.44B | — | |
| 1995 | $137.70M | $0.00 | $137.70M | — | — | — | |
| 1994 | $142.80M | $0.00 | $142.80M | — | — | — | |
| 1993 | $49.50M | $0.00 | $49.50M | — | — | — | |
| 1992 | $28.20M | $0.00 | $28.20M | — | — | — | |
| 1991 | $225.60M | $0.00 | $225.60M | — | — | — | |
| 1990 | $78.40M | $0.00 | $78.40M | — | — | — | |
| 1989 | $47.10M | $0.00 | $47.10M | — | — | — |
- 2025$2.01B
- 2024$900.00M
- 2023$1.15B
- 2022$1.95B
- 2021$1.16B
- 2020$0.00
- 2019$574.00M
- 2018$742.00M
- 2017$949.00M
- 2016$839.00M
- 2015$1.45B
- 2014$864.00M
- 2013$629.00M
- 2012$327.00M
- 2011$454.00M
- 2010$145.00M
- 2009$0.00
- 2008$0.00
- 2007$1.30B
- 2006$0.00
- 2005$0.00
- 2004$536.00M
- 2003$1.20B
- 2002$1.18B
- 2001$763.00M
- 2000$49.00M
- 1999$13.00M
- 1998$242.00M
- 1997$0.00
- 1996$230.10M
- 1995$137.70M
- 1994$142.80M
- 1993$49.50M
- 1992$28.20M
- 1991$225.60M
- 1990$78.40M
- 1989$47.10M
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: 5.52×.
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.
| $34.59B | |
| $24.10B | |
| $19.52B | |
| $13.39B | |
| $12.36B | |
| $11.73B | |
| $5.83B | |
| $0.00 |
- $34.59B
- $24.10B
- $19.52B
- $13.39B
- $12.36B
- $11.73B
- $5.83B
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 $3.19B (TTM FCF − TTM dividends, clamped at zero).
Frequently asked questions
Data & methodology
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