Markel Group Inc. (MKL) stock
MKLNYSEFire, Marine & Casualty InsuranceFiscal year ends December 31
Financials through Q3 FY2026, quarter ended Sep 30, 2026Last filing: 10-Q on Oct 28, 2026Score 4/307% above fair value
$1977.29+15.21 (+0.78%)
Close on Nov 13, 2026Market cap $24.18BP/E 14.3Yield –
Markel operating margin
Operating margin is operating income as a percentage of revenue.
Markel's operating margin for the twelve months ending Sep 30, 2026 was 15.7%. For fiscal 2025 it was 20.6%, against 25.1% the year before. The highest annual figure on record is 26.0% in fiscal 2019.
Annual operating margin
| Period | Period end | Value | Change (pts) |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | 20.6% | −4.5 |
| FY2024 | Dec 31, 2024 | 25.1% | +4.6 |
| FY2023 | Dec 31, 2023 | 20.5% | +21.3 |
| FY2022 | Dec 31, 2022 | -0.8% | −26.0 |
| FY2021 | Dec 31, 2021 | 25.2% | +12.1 |
| FY2020 | Dec 31, 2020 | 13.1% | −12.9 |
| FY2019 | Dec 31, 2019 | 26.0% | +25.4 |
| FY2018 | Dec 31, 2018 | 0.6% | −3.0 |
| FY2017 | Dec 31, 2017 | 3.6% | −10.8 |
| FY2016 | Dec 31, 2016 | 14.3% | −1.7 |
| FY2015 | Dec 31, 2015 | 16.0% | +5.2 |
| FY2014 | Dec 31, 2014 | 10.9% | −0.1 |
| FY2013 | Dec 31, 2013 | 11.0% | −2.5 |
| FY2012 | Dec 31, 2012 | 13.5% | +3.0 |
| FY2011 | Dec 31, 2011 | 10.5% | −6.1 |
| FY2010 | Dec 31, 2010 | 16.6% | +4.4 |
| FY2009 | Dec 31, 2009 | 12.2% | +17.9 |
| FY2008 | Dec 31, 2008 | -5.6% | – |
Quarterly operating margin
Change is against the same quarter a year earlier.
| Period | Period end | Value | Change (pts) |
|---|---|---|---|
| Q3 FY2026 | Sep 30, 2026 | 9.2% | −16.4 |
| Q2 FY2026 | Jun 30, 2026 | 38.8% | +11.3 |
| Q1 FY2026 | Mar 31, 2026 | -7.7% | −15.7 |
| Q4 FY2025 | Dec 31, 2025 | 19.8% | +3.8 |
| Q3 FY2025 | Sep 30, 2025 | 25.7% | −11.5 |
| Q2 FY2025 | Jun 30, 2025 | 27.5% | +16.5 |
| Q1 FY2025 | Mar 31, 2025 | 8.0% | −21.9 |
| Q4 FY2024 | Dec 31, 2024 | 16.0% | −20.3 |
| Q3 FY2024 | Sep 30, 2024 | 37.1% | +35.0 |
| Q2 FY2024 | Jun 30, 2024 | 11.1% | −12.3 |
| Q1 FY2024 | Mar 31, 2024 | 29.9% | +9.2 |
| Q4 FY2023 | Dec 31, 2023 | 36.3% | +11.2 |
| Q3 FY2023 | Sep 30, 2023 | 2.2% | −0.0 |
| Q2 FY2023 | Jun 30, 2023 | 23.4% | +89.1 |
| Q1 FY2023 | Mar 31, 2023 | 20.7% | +22.2 |
| Q4 FY2022 | Dec 31, 2022 | 25.1% | −6.2 |
| Q3 FY2022 | Sep 30, 2022 | 2.2% | −6.8 |
| Q2 FY2022 | Jun 30, 2022 | -65.7% | −96.5 |
| Q1 FY2022 | Mar 31, 2022 | -1.5% | −27.2 |
| Q4 FY2021 | Dec 31, 2021 | 31.3% | −2.8 |
| Q3 FY2021 | Sep 30, 2021 | 9.0% | −14.8 |
| Q2 FY2021 | Jun 30, 2021 | 30.8% | −8.8 |
| Q1 FY2021 | Mar 31, 2021 | 25.7% | +563.5 |
| Q4 FY2020 | Dec 31, 2020 | 34.1% | +4.9 |
| Q3 FY2020 | Sep 30, 2020 | 23.8% | +10.9 |
| Q2 FY2020 | Jun 30, 2020 | 39.7% | +12.3 |
| Q1 FY2020 | Mar 31, 2020 | -537.8% | −570.0 |
| Q4 FY2019 | Dec 31, 2019 | 29.2% | +118.6 |
| Q3 FY2019 | Sep 30, 2019 | 12.9% | −11.9 |
| Q2 FY2019 | Jun 30, 2019 | 27.3% | +11.7 |
| Q1 FY2019 | Mar 31, 2019 | 32.1% | +25.5 |
| Q4 FY2018 | Dec 31, 2018 | -89.4% | −100.1 |
| Q3 FY2018 | Sep 30, 2018 | 24.8% | +46.8 |
| Q2 FY2018 | Jun 30, 2018 | 15.7% | −0.6 |
| Q1 FY2018 | Mar 31, 2018 | 6.7% | −2.4 |
| Q4 FY2017 | Dec 31, 2017 | 10.8% | −4.2 |
| Q3 FY2017 | Sep 30, 2017 | -21.9% | – |
| Q2 FY2017 | Jun 30, 2017 | 16.2% | – |
| Q1 FY2017 | Mar 31, 2017 | 9.0% | – |
| Q4 FY2016 | Dec 31, 2016 | 15.0% | – |
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