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Mercury General (MCY) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 5, 2026
Mercury General (MCY) reported revenue of $1.5B for the first quarter 2026 (Q1 2026), +10% from a year earlier and +0.3% from the quarter before. Operating margin was 15.3%, net earnings $190M (12.4% of revenue).
Mercury General, Q1 2026: revenue $1.5B (+10% year over year), operating margin 15.3%, net earnings $190M, operating cash flow $326M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.5B | +0.3% | +10% |
| Operating profit | $236M | -5% | — |
| Net earnings | $190M | -6% | — |
| Operating cash flow | $326M | +13% | — |
| Free cash flow | $309M | +13% | — |
What changed
Revenue was $1.5B in Q1 2026, up 10% year over year and roughly flat from the previous quarter.
Operating profit was $0.24B, a 15.3% margin (up 25.5 points year over year). Total costs fell 15% while revenue rose 10%. The fastest-growing cost line was Cost of revenue (+22%). Net earnings were $0.19B. The effective tax rate was 19.2%.
Operating cash flow was $0.33B, 171% of net earnings. Non-cash charges added back $0.02B of depreciation and amortization. Working capital and other items added $0.12B. Capital expenditures of $0.02B left free cash flow of $0.31B.
Questions
What was Mercury General's revenue in the first quarter 2026?
Mercury General (MCY) reported revenue of $1.5B for the first quarter 2026 (Q1 2026), +10% from a year earlier and +0.3% from the quarter before.
Was Mercury General profitable in the first quarter 2026?
Operating profit was $236M (15.3% of revenue) and net earnings $190M.
Source: Mercury General 10-Q on SEC EDGAR.