Basis: Latest reported fiscal quarter. Source: stored company filings and market data; unavailable inputs remain N/A.
Is the operating margin high or low?
The operating margin of 25.65% is 15% above its 5-year average of 22.30%, near the high end of its 5-year range (13.54%–29.74%).
As of the fiscal period ended Tuesday, June 30, 2026. 14.64% above its 12-month average of 22.37%.
Reported quarterly operating margin; no daily interpolation.
OPERATING MARGIN
25.65%
OPERATING MARGIN AVG TTM
22.37%
OPERATING MARGIN AVG 3Y
22.91%
OPERATING MARGIN AVG 5Y
22.30%
OPERATING MARGIN AVG 10Y
20.44%
OPERATING MARGIN AVG 15Y
19.26%
OPERATING MARGIN AVG 20Y
17.21%
CURRENT VS TTM AVG
+14.64%
CURRENT VS 3Y AVG
+11.95%
CURRENT VS 5Y AVG
+15.01%
CURRENT VS 10Y AVG
+25.48%
CURRENT VS 15Y AVG
+33.15%
CURRENT VS 20Y AVG
+49.00%
SECTOR MEDIAN · FINANCIAL SERVICES
23.30%
median of 95 covered companies
CURRENT VS SECTOR MEDIAN
+10.08%
vs the sector median at left
Marsh & McLennan Companies, Inc.
Market Cap
$91.41B
Operating Margin
25.65%
TTM Avg
22.37%
3Y Avg
22.91%
5Y Avg
22.30%
Market Cap
$94.73B
Operating Margin
65.10%
TTM Avg
64.50%
3Y Avg
62.66%
5Y Avg
60.18%
Market Cap
$96.86B
Operating Margin
N/A
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$97.40B
Operating Margin
22.17%
TTM Avg
16.12%
3Y Avg
15.62%
5Y Avg
19.79%
Market Cap
$83.96B
Operating Margin
46.81%
TTM Avg
41.27%
3Y Avg
-4.33%
5Y Avg
-17.73%
Market Cap
$83.84B
Operating Margin
45.10%
TTM Avg
43.34%
3Y Avg
40.19%
5Y Avg
42.01%
Market Cap
$83.73B
Operating Margin
40.48%
TTM Avg
37.69%
3Y Avg
37.61%
5Y Avg
37.47%
Market Cap
$83.62B
Operating Margin
63.13%
TTM Avg
67.62%
3Y Avg
71.63%
5Y Avg
69.74%
| NAME | MARKET CAP | OPERATING MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Marsh & McLennan Companies, Inc. (MRSH) | $91.41B | 25.65% | 22.37% | 22.91% | 22.30% |
| CME Group Inc. (CME)vs › | $94.73B | 65.10% | 64.50% | 62.66% | 60.18% |
| Schwab U.S. Dividend Equity ETF (SCHD)vs › | $96.86B | N/A | N/A | N/A | N/A |
| KKR & Co. Inc. (KKR)vs › | $97.25B | 2.40% | 3.34% | 3.85% | 12.80% |
| The Bank of New York Mellon Corporation (BK)vs › | $97.40B | 22.17% | 16.12% | 15.62% | 19.79% |
| Robinhood Markets, Inc. (HOOD)vs › | $83.96B | 46.81% | 41.27% | -4.33% | -17.73% |
| Moody's Corporation (MCO)vs › | $83.84B | 45.10% | 43.34% | 40.19% | 42.01% |
| Intercontinental Exchange, Inc. (ICE)vs › | $83.73B | 40.48% | 37.69% | 37.61% | 37.47% |
| Brookfield Asset Management Ltd. (BAM)vs › | $83.62B | 63.13% | 67.62% | 71.63% | 69.74% |
| iShares Russell 2000 ETF (IWM)vs › | $83.20B | N/A | N/A | N/A | N/A |
Gross Margin
42.4%
Operating Margin
25.6%
Operating Margin = Operating Income / Revenue
Operating margin is the percentage of revenue remaining after operating expenses, reflecting operating efficiency.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
| DATE | OPERATING MARGIN |
|---|---|
| 2026-06-30 | 25.65% |
| 2026-03-31 | 23.09% |
| 2025-12-31 | 18.48% |
| 2025-09-30 | 18.42% |
| 2025-06-30 | 26.23% |
| 2025-03-31 | 28.40% |
| 2024-12-31 | 18.82% |
| 2024-09-30 | 19.45% |
| 2024-06-30 | 26.39% |
| 2024-03-31 | 29.74% |
| 2023-12-31 | 19.86% |
| 2023-09-30 | 18.51% |
| 2023-06-30 | 24.80% |
| 2023-03-31 | 29.14% |
| 2022-12-31 | 13.54% |
| 2022-09-30 | 16.58% |
| 2022-06-30 | 25.36% |
| 2022-03-31 | 26.04% |
| 2021-12-31 | 19.19% |
| 2021-09-30 | 16.15% |
| 2021-06-30 | 24.48% |
| 2021-03-31 | 26.72% |
| 2020-12-31 | 12.93% |
| 2020-09-30 | 13.61% |
| 2020-06-30 | 21.13% |
| 2020-03-31 | 23.01% |
| 2019-12-31 | 13.88% |
| 2019-09-30 | 11.77% |
| 2019-06-30 | 15.64% |
| 2019-03-31 | 23.04% |
| 2018-12-31 | 16.73% |
| 2018-09-30 | 15.44% |
| 2018-06-30 | 18.51% |
| 2018-03-31 | 22.70% |
| 2017-12-31 | 18.62% |
| 2017-09-30 | 16.01% |
| 2017-06-30 | 20.06% |
| 2017-03-31 | 21.38% |
| 2016-12-31 | 18.82% |
| 2016-09-30 | 18.25% |
| 2016-06-30 | 21.50% |
| 2016-03-31 | 21.97% |
| 2015-12-31 | 17.80% |
| 2015-09-30 | 14.80% |
| 2015-06-30 | 19.50% |
| 2015-03-31 | 22.86% |
| 2014-12-31 | 16.51% |
| 2014-09-30 | 14.17% |
| 2014-06-30 | 19.61% |
| 2014-03-31 | 20.62% |
| 2013-12-31 | 15.70% |
| 2013-09-30 | 13.78% |
| 2013-06-30 | 18.69% |
| 2013-03-31 | 19.42% |
| 2012-12-31 | 13.52% |
| 2012-09-30 | 13.29% |
| 2012-06-30 | 17.12% |
| 2012-03-31 | 17.27% |
| 2011-12-31 | 13.45% |
| 2011-09-30 | 11.05% |
| 2011-06-30 | 15.88% |
| 2011-03-31 | 16.37% |
| 2010-12-31 | 11.67% |
| 2010-09-30 | 9.47% |
| 2010-06-30 | -1.92% |
| 2010-03-31 | 16.13% |
| 2009-12-31 | -0.37% |
| 2009-09-30 | 8.28% |
| 2009-06-30 | 11.90% |
| 2009-03-31 | 12.42% |
| 2008-12-31 | 3.72% |
| 2008-09-30 | 2.47% |
| 2008-06-30 | 5.93% |
| 2008-03-31 | -2.90% |
| 2007-12-31 | 5.64% |
| 2007-09-30 | 7.14% |
| 2007-06-30 | 9.68% |
| 2007-03-31 | 13.76% |
| 2006-12-31 | 13.29% |
| 2006-09-30 | 8.46% |
| 2006-06-30 | 11.31% |
| 2006-03-31 | 12.60% |
| 2005-12-31 | 3.35% |
| 2005-09-30 | 6.73% |
| 2005-06-30 | 9.84% |
| 2005-03-31 | 8.20% |
| 2004-12-31 | -30.06% |
| 2004-09-30 | 4.34% |
| 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% |
