Basis: Latest reported fiscal quarter. Source: stored company filings and market data; unavailable inputs remain N/A.
Is the gross margin high or low?
The gross margin of 44.07% is in line with its 5-year average of 42.32%, near the high end of its 5-year range (37.75%–46.39%).
As of the fiscal period ended Tuesday, June 30, 2026. 3.53% above its 12-month average of 42.57%.
Reported quarterly gross margin; no daily interpolation.
GROSS MARGIN
44.07%
GROSS MARGIN AVG TTM
42.57%
GROSS MARGIN AVG 3Y
42.48%
GROSS MARGIN AVG 5Y
42.32%
GROSS MARGIN AVG 10Y
42.26%
GROSS MARGIN AVG 15Y
42.14%
GROSS MARGIN AVG 20Y
41.92%
CURRENT VS TTM AVG
+3.53%
CURRENT VS 3Y AVG
+3.75%
CURRENT VS 5Y AVG
+4.14%
CURRENT VS 10Y AVG
+4.29%
CURRENT VS 15Y AVG
+4.59%
CURRENT VS 20Y AVG
+5.14%
SECTOR MEDIAN · FINANCIAL SERVICES
57.83%
median of 95 covered companies
CURRENT VS SECTOR MEDIAN
-23.79%
vs the sector median at left
Marsh & McLennan Companies, Inc.
Market Cap
$91.36B
Gross Margin
44.07%
TTM Avg
42.57%
3Y Avg
42.48%
5Y Avg
42.32%
Market Cap
$96.88B
Gross Margin
N/A
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$97.40B
Gross Margin
48.94%
TTM Avg
47.46%
3Y Avg
56.97%
5Y Avg
69.84%
Market Cap
$84.07B
Gross Margin
78.74%
TTM Avg
81.39%
3Y Avg
77.91%
5Y Avg
76.48%
Market Cap
$83.77B
Gross Margin
71.94%
TTM Avg
67.28%
3Y Avg
66.04%
5Y Avg
67.02%
Market Cap
$83.76B
Gross Margin
61.88%
TTM Avg
58.67%
3Y Avg
57.11%
5Y Avg
55.89%
Market Cap
$99.66B
Gross Margin
35.28%
TTM Avg
29.91%
3Y Avg
22.58%
5Y Avg
21.71%
| NAME | MARKET CAP | GROSS MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Marsh & McLennan Companies, Inc. (MRSH) | $91.36B | 44.07% | 42.57% | 42.48% | 42.32% |
| CME Group Inc. (CME)vs › | $94.44B | 81.89% | 86.11% | 85.59% | 84.50% |
| Schwab U.S. Dividend Equity ETF (SCHD)vs › | $96.88B | N/A | N/A | N/A | N/A |
| KKR & Co. Inc. (KKR)vs › | $97.16B | 46.50% | 29.79% | 32.39% | 36.92% |
| The Bank of New York Mellon Corporation (BK)vs › | $97.40B | 48.94% | 47.46% | 56.97% | 69.84% |
| Robinhood Markets, Inc. (HOOD)vs › | $84.07B | 78.74% | 81.39% | 77.91% | 76.48% |
| Moody's Corporation (MCO)vs › | $83.77B | 71.94% | 67.28% | 66.04% | 67.02% |
| Intercontinental Exchange, Inc. (ICE)vs › | $83.76B | 61.88% | 58.67% | 57.11% | 55.89% |
| Brookfield Corporation (BN)vs › | $99.66B | 35.28% | 29.91% | 22.58% | 21.71% |
| iShares Russell 2000 ETF (IWM)vs › | $83.04B | N/A | N/A | N/A | N/A |
Gross Margin
44.1%
(Revenue - COGS) / Revenue
Gross Margin = Gross Profit / Revenue
Gross margin is the percentage of revenue remaining after the cost of goods sold, reflecting core product profitability.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
| DATE | GROSS MARGIN |
|---|---|
| 2026-06-30 | 44.07% |
| 2026-03-31 | 45.64% |
| 2025-12-31 | 40.29% |
| 2025-09-30 | 38.69% |
| 2025-06-30 | 44.15% |
| 2025-03-31 | 45.48% |
| 2024-12-31 | 40.17% |
| 2024-09-30 | 39.58% |
| 2024-06-30 | 44.48% |
| 2024-03-31 | 46.39% |
| 2023-12-31 | 41.16% |
| 2023-09-30 | 38.93% |
| 2023-06-30 | 43.21% |
| 2023-03-31 | 45.86% |
| 2022-12-31 | 39.51% |
| 2022-09-30 | 38.72% |
| 2022-06-30 | 44.04% |
| 2022-03-31 | 44.13% |
| 2021-12-31 | 43.45% |
| 2021-09-30 | 37.75% |
| 2021-06-30 | 42.99% |
| 2021-03-31 | 44.78% |
| 2020-12-31 | 39.99% |
| 2020-09-30 | 37.12% |
| 2020-06-30 | 42.01% |
| 2020-03-31 | 45.07% |
| 2019-12-31 | 41.89% |
| 2019-09-30 | 38.58% |
| 2019-06-30 | 41.66% |
| 2019-03-31 | 43.94% |
| 2018-12-31 | 41.73% |
| 2018-09-30 | 40.55% |
| 2018-06-30 | 42.82% |
| 2018-03-31 | 44.40% |
| 2017-12-31 | 43.07% |
| 2017-09-30 | 41.10% |
| 2017-06-30 | 42.83% |
| 2017-03-31 | 42.76% |
| 2016-12-31 | 42.98% |
| 2016-09-30 | 42.04% |
| 2016-06-30 | 44.55% |
| 2016-03-31 | 44.42% |
| 2015-12-31 | 43.08% |
| 2015-09-30 | 39.71% |
| 2015-06-30 | 43.38% |
| 2015-03-31 | 46.19% |
| 2014-12-31 | 41.59% |
| 2014-09-30 | 39.38% |
| 2014-06-30 | 43.15% |
| 2014-03-31 | 43.66% |
| 2013-12-31 | 41.16% |
| 2013-09-30 | 37.79% |
| 2013-06-30 | 42.81% |
| 2013-03-31 | 42.32% |
| 2012-12-31 | -137.64% |
| 2012-09-30 | 38.14% |
| 2012-06-30 | 41.31% |
| 2012-03-31 | 41.13% |
| 2011-12-31 | 100.00% |
| 2011-09-30 | 100.00% |
| 2011-06-30 | 100.00% |
| 2011-03-31 | 100.00% |
| 2010-12-31 | 100.00% |
| 2010-09-30 | 100.00% |
| 2010-06-30 | 100.00% |
| 2010-03-31 | 100.00% |
| 2009-12-31 | 100.00% |
| 2009-09-30 | 100.00% |
| 2009-06-30 | 38.14% |
| 2009-03-31 | 39.79% |
| 2008-12-31 | 100.00% |
| 2008-09-30 | 100.00% |
| 2008-06-30 | 100.00% |
| 2008-03-31 | 100.00% |
| 2007-12-31 | 100.00% |
| 2007-09-30 | 100.00% |
| 2007-06-30 | 100.00% |
| 2007-03-31 | 100.00% |
| 2006-12-31 | 39.97% |
| 2006-09-30 | 39.60% |
| 2006-06-30 | 39.53% |
| 2006-03-31 | 100.00% |
| 2005-12-31 | 59.89% |
| 2005-09-30 | 37.71% |
| 2005-06-30 | 40.88% |
| 2005-03-31 | 8.55% |
| 2004-12-31 | 100.00% |
| 2004-09-30 | 71.73% |
| 2004-06-30 | 20.87% |
| 2004-03-31 | 24.19% |
| 2003-12-31 | 19.35% |
| 2003-09-30 | 20.90% |
| 2003-06-30 | 20.91% |
| 2003-03-31 | 25.14% |
| 2002-12-31 | 19.32% |
| 2002-09-30 | 20.05% |
