How does Marsh & McLennan Companies (MRSH) make money?

Marsh & McLennan Companies (MRSH) primarily makes money through Marsh Insurance Group, which accounts for 33.7% of total revenue. For TTM through Q1 2026, Marsh & McLennan Companies generated $27.52B in total revenue with a net profit margin of 14.3%.

What is Marsh & McLennan Companies (MRSH) gross profit margin?

Marsh & McLennan Companies (MRSH) reported a gross profit margin of 42.4% for TTM through Q1 2026, equivalent to $11.66B in gross profit. This means Marsh & McLennan Companies retains 42.4% of each revenue unit after direct costs of production.

What is Marsh & McLennan Companies (MRSH) operating profit margin?

Marsh & McLennan Companies (MRSH) reported an operating profit margin of 21.7% for TTM through Q1 2026, equivalent to $5.97B in operating profit. This reflects profitability after operating expenses such as R&D, sales, and administration, but before taxes and non-operating items.

What is Marsh & McLennan Companies (MRSH) net profit margin?

Marsh & McLennan Companies (MRSH) reported a net profit margin of 14.3% for TTM through Q1 2026, equivalent to $3.92B in net profit. This is the share of revenue that remains as profit after all expenses, taxes, and non-operating items.

How much does Marsh & McLennan Companies (MRSH) spend on capital expenditures?

Marsh & McLennan Companies (MRSH) spent $298.00M on capital expenditures in TTM through Q1 2026 (1.1% of total revenue). Capital expenditures represent investments in physical assets such as property, equipment, and infrastructure.

What is Marsh & McLennan Companies (MRSH) free cash flow?

Marsh & McLennan Companies (MRSH) generated $4.93B in free cash flow for TTM through Q1 2026 (17.9% of total revenue). Free cash flow is the cash remaining after capital expenditures and represents the company's ability to fund growth, pay dividends, or reduce debt.

What is Marsh & McLennan Companies (MRSH) effective tax rate?

Marsh & McLennan Companies (MRSH) had an effective tax rate of 24.3% for TTM through Q1 2026. This is the actual percentage of pre-tax income paid as income taxes.

How Marsh & McLennan Companies (MRSH) Makes Money: A Visual Guide

Marsh & McLennan Companies (MRSH) generated $27.52B in revenue, earning $3.92B in net profit (14.3% margin). Its largest revenue source is Marsh Insurance Group (33.7% of revenue). Below is an interactive breakdown of how revenue flows through the income statement.

Marsh & McLennan Companies (MRSH) Income Statement Flow — TTM through Q1 2026

Calculated from the four most recent reported quarters, ending March 31, 2026 (reported April 16, 2026).

Frequently asked questions

How does Marsh & McLennan Companies (MRSH) make money?: Marsh & McLennan Companies (MRSH) primarily makes money through Marsh Insurance Group, which accounts for 33.7% of total revenue. For TTM through Q1 2026, Marsh & McLennan Companies generated $27.52B in total revenue with a net profit margin of 14.3%.
What is Marsh & McLennan Companies (MRSH) gross profit margin?: Marsh & McLennan Companies (MRSH) reported a gross profit margin of 42.4% for TTM through Q1 2026, equivalent to $11.66B in gross profit. This means Marsh & McLennan Companies retains 42.4% of each revenue unit after direct costs of production.
What is Marsh & McLennan Companies (MRSH) operating profit margin?: Marsh & McLennan Companies (MRSH) reported an operating profit margin of 21.7% for TTM through Q1 2026, equivalent to $5.97B in operating profit. This reflects profitability after operating expenses such as R&D, sales, and administration, but before taxes and non-operating items.
What is Marsh & McLennan Companies (MRSH) net profit margin?: Marsh & McLennan Companies (MRSH) reported a net profit margin of 14.3% for TTM through Q1 2026, equivalent to $3.92B in net profit. This is the share of revenue that remains as profit after all expenses, taxes, and non-operating items.
How much does Marsh & McLennan Companies (MRSH) spend on capital expenditures?: Marsh & McLennan Companies (MRSH) spent $298.00M on capital expenditures in TTM through Q1 2026 (1.1% of total revenue). Capital expenditures represent investments in physical assets such as property, equipment, and infrastructure.
What is Marsh & McLennan Companies (MRSH) free cash flow?: Marsh & McLennan Companies (MRSH) generated $4.93B in free cash flow for TTM through Q1 2026 (17.9% of total revenue). Free cash flow is the cash remaining after capital expenditures and represents the company's ability to fund growth, pay dividends, or reduce debt.
What is Marsh & McLennan Companies (MRSH) effective tax rate?: Marsh & McLennan Companies (MRSH) had an effective tax rate of 24.3% for TTM through Q1 2026. This is the actual percentage of pre-tax income paid as income taxes.

Data & methodology

What is a Sankey diagram?: A Sankey diagram shows how money flows through a company from revenue to net profit. The width of each flow represents its proportion.
How is the data calculated?: We use the income statement from company filings. For TTM (Trailing Twelve Months), we use a pre-aggregated twelve-month view aligned with our latest four quarterly periods. Revenue flows to cost of revenue and gross profit, then to operating expenses (R&D, S&M, G&A) and operating profit.
When was this data last updated?: Based on company filings through TTM through Q1 2026.