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Operating Margin for Marsh & McLennan Companies (MRSH)

As of · Reported

Metric

TTM

21.7%

YoY change

−0.72pp

Trough year (2005)

5.1%

Peak year (1986)

26.6%

Operating Margin history chart for Marsh & McLennan Companies (MRSH) from 1985 to 2025

Latest: 23.1%

Operating Margin change chart for Marsh & McLennan Companies (MRSH) from 1985 to 2025

Latest: −0.72pp

Operating Margin history table for Marsh & McLennan Companies (MRSH) from 1985 to 2025

  • 202523.1%-0.72pp
  • 202423.8%+0.55pp
  • 202323.2%+2.58pp
  • 202220.7%-1.10pp
  • 202121.8%+3.96pp
  • 202017.8%+1.72pp
  • 201916.1%-2.39pp
  • 201818.5%-0.46pp
  • 201718.9%+0.53pp
  • 201618.4%-0.36pp
  • 201518.8%+1.00pp
  • 201417.8%+0.83pp
  • 201316.9%+1.60pp
  • 201215.3%+1.13pp
  • 201114.2%+5.31pp
  • 20108.9%+0.99pp
  • 20097.9%+1.59pp
  • 20086.3%-1.24pp
  • 20077.6%-0.38pp
  • 20068.0%+2.89pp
  • 20055.1%-0.04pp
  • 20045.1%-16.44pp
  • 200321.5%-0.24pp
  • 200221.8%+3.92pp
  • 200117.9%-3.27pp
  • 200021.1%+5.12pp
  • 199916.0%-3.73pp
  • 199819.7%+6.47pp
  • 199713.3%-2.96pp
  • 199616.2%-1.41pp
  • 199517.6%-1.86pp
  • 199419.5%+0.77pp
  • 199318.7%+0.32pp
  • 199218.4%+0.50pp
  • 199117.9%-1.44pp
  • 199019.4%-1.62pp
  • 198921.0%-1.69pp
  • 198822.7%-2.94pp
  • 198725.6%-1.01pp
  • 198626.6%+3.72pp
  • 198522.9%—

Operating Margin values are taken from Marsh & McLennan Companies's reported income statements (quarterly 10-Q and annual 10-K filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the filing date. YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.

About Operating Margin at Marsh & McLennan Companies (MRSH)

According to Marsh & McLennan Companies's latest reported financial statements, the company's latest reported operating margin is 21.7%. Operating margin is operating income divided by revenue — the share of each sales dollar left after cost of goods sold and operating expenses (SG&A, R&D), but before interest and taxes. It isolates how profitable the core business is before financing and tax decisions, so it is comparable across companies with different capital structures.

Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .

Marsh & McLennan Companies (MRSH) most recent annual operating margin stands at 23.06% (2025) – contracted 0.7 percentage points year-over-year.

Across the available history, operating margin reached its high of 26.63% in 1986 and its low of 5.06% in 2005.

Marsh & McLennan Companies Operating Margin by Year

Marsh & McLennan Companies Operating Margin 2025: 23.1%

In 2025, Marsh & McLennan Companies reported operating margin of 23.06%, contracted 0.7 percentage points from 2024.

Marsh & McLennan Companies Operating Margin 2024: 23.8%

Marsh & McLennan Companies operating margin in 2024 was 23.78%, expanded 0.6 percentage points from 2023.

Marsh & McLennan Companies Operating Margin 2023: 23.2%

2023's operating margin for Marsh & McLennan Companies came in at 23.23%, expanded 2.6 percentage points from 2022.

Marsh & McLennan Companies Operating Margin 2022: 20.7%

Marsh & McLennan Companies posted operating margin of 20.66% in 2022, contracted 1.1 percentage points from 2021.

Marsh & McLennan Companies Operating Margin 2021: 21.8%

Marsh & McLennan Companies operating margin in 2021 was 21.76%.

See more financial history for Marsh & McLennan Companies (MRSH).

Sector peers by Operating Margin

Financial Services peers of Marsh & McLennan Companies (MRSH), ranked by their latest operating margin

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