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Arch Capital Group (ACGL) earnings and revenue breakdown
Latest: Q3 2026 · 10-Q filed Nov 4, 2026 · Arch Capital Group (ACGL) Q3 2026 earnings results →
Q3 2026 Revenue down 9% year over year to $4.7B · 22¢ of every $1 of revenue kept as net profit · operating margin 25.5%
Arch Capital Group made $4.7B in Q3 2026 (-9% Y/Y). Operating margin 25.5%, net earnings $1.0B. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Nov 4, 2026.
Drawing the Sankey…
Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF
What changed this quarter
Revenue was $4.7B in Q3 2026, down 9% year over year and roughly flat from the previous quarter.
Operating profit was $1.2B, a 25.5% margin (down 3.9 points year over year). Total costs fell 4% while revenue fell 9%. Net earnings were $1.0B, down 23% year over year. The effective tax rate was 15.1%.
Operating cash flow was $1.8B (down 20% year over year), 170% of net earnings. Non-cash charges added back $0.02B of share-based compensation. Working capital and other items added $0.70B. Capital expenditures of $0.01B left free cash flow of $1.7B.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q3 2026 | 10-Q | Nov 4, 2026 | $4.7B | -9% | 25.5% | $1.0B | $1.8B |
| Q2 2026 | 10-Q | Aug 4, 2026 | $4.7B | -10% | 25.2% | $1.1B | $1.3B |
| Q1 2026 | 10-Q | May 5, 2026 | $4.5B | -3% | 24.5% | $1.0B | $1.2B |
| Q4 2025 | 10-K | Feb 26, 2026 | $4.9B | +8% | 28.1% | $1.2B | $1.4B |
| Q3 2025 | 10-Q | Nov 6, 2025 | $5.1B | +8% | 29.4% | $1.4B | $2.2B |
| Q2 2025 | 10-Q | Aug 5, 2025 | $5.2B | +23% | 27.1% | $1.2B | $1.1B |
| Q1 2025 | 10-Q | May 7, 2025 | $4.7B | +19% | 14.5% | $574M | $1.5B |
Charts
Interactive views
The same charts as the app — open one to draw it.
💵Where each $1 goesinteractive
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🌏Named in Asian annual reportsinteractive
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🔄Rotation against the market and its industry (RRG)interactive
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🔍Earnings qualityinteractive
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⚖️Fair value by methodinteractive
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🔭Outlook & guidanceinteractive
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📈Investments: gains and what it boughtinteractive
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🏭Its industry’s money flow (input-output)interactive
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About Arch Capital Group
As used in this report, references to “we,” “us,” “our,” “Arch” or the “Company” refer to the consolidated operations of Arch Capital Group Ltd. (“Arch Capital”) and its subsidiaries. All amounts are in millions, except per share amounts, unless otherwise noted. We refer you to Item 1A “Risk Factors” for a discussion of risk factors relating to our business. Arch Capital is a publicly listed Bermuda exempted company with approximately $26.9 billion in capital at December 31, 2025 and is part of the S&P 500 index. Arch provides insurance, reinsurance and mortgage insurance on a worldwide basis through its wholly owned subsidiaries. While we are positioned to provide a full range of property, casualty and mortgage insurance and reinsurance lines, we focus on writing specialty lines of insurance and reinsurance.
In its own words, from its 10-K, filed Feb 26, 2026.
Arch Capital Group against its Fire, Marine & Casualty Insurance peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: -9% against the peers' median +2%. Operating margin: 25.5% against the peers' median 15.5%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| ACGL Arch Capital Group | Q3 2026 | $4.7B | -9% | 25.5% |
| BRK-B Berkshire Hathaway | Q2 2026 | $101.8B | +10% | 15.5% |
| PGR Progressive | Q3 2026 | $23.2B | +3% | 14.0% |
| ALL Allstate | Q3 2026 | $17.3B | +0.5% | 15.1% |
| CB Chubb | Q3 2026 | $16.2B | +0.3% | 21.0% |
| TRV Travelers Companies | Q3 2026 | $12.4B | -0.5% | 19.1% |
| AIG American International Group | Q3 2026 | $7.4B | +17% | 15.0% |
| HIG Hartford Insurance Group | Q3 2026 | $7.2B | +4% | 21.9% |
| L Loews | Q3 2026 | $4.8B | +2% | 8.5% |
Source: Arch Capital Group 10-Q on SEC EDGAR · CIK 947484 · Fire, Marine & Casualty Insurance
Guidance and outlook
More on ACGL
History
Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results