Filing Flows › Arch Capital Group (ACGL) › Q4 2025
Arch Capital Group (ACGL) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Feb 26, 2026
Arch Capital Group (ACGL) reported revenue of $4.9B for the fourth quarter 2025 (Q4 2025), +8% from a year earlier and -3% from the quarter before. Operating margin was 28.1%, net earnings $1.2B (25.1% of revenue).
Arch Capital Group, Q4 2025: revenue $4.9B (+8% year over year), operating margin 28.1%, net earnings $1.2B, operating cash flow $1.4B. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $4.9B | -3% | +8% |
| Operating profit | $1.4B | -8% | +48% |
| Net earnings | $1.2B | -8% | +32% |
| Operating cash flow | $1.4B | -36% | -11% |
| Free cash flow | $1.4B | -36% | -11% |
What changed
Revenue was $4.9B in Q4 2025, up 8% year over year and down 3% from the previous quarter.
Operating profit was $1.4B, a 28.1% margin (up 7.5 points year over year). Of the extra revenue versus a year earlier, 117% reached operating profit, above the 21% margin then. Total costs fell 2% while revenue rose 8%. Net earnings were $1.2B, up 32% year over year. The effective tax rate was 14.5%.
Operating cash flow was $1.4B (down 11% year over year), 113% of net earnings. Non-cash charges added back $0.02B of share-based compensation. Working capital and other items added $0.14B. Capital expenditures of $0.01B left free cash flow of $1.4B.
Questions
What was Arch Capital Group's revenue in the fourth quarter 2025?
Arch Capital Group (ACGL) reported revenue of $4.9B for the fourth quarter 2025 (Q4 2025), +8% from a year earlier and -3% from the quarter before.
Was Arch Capital Group profitable in the fourth quarter 2025?
Operating profit was $1.4B (28.1% of revenue) and net earnings $1.2B.
Source: Arch Capital Group 10-K on SEC EDGAR.