Filing Flows › Mercury General (MCY) › Q2 2025
Mercury General (MCY) Q2 2025 earnings results (second quarter 2025)
10-Q filed Jul 29, 2025
Mercury General (MCY) reported revenue of $1.5B for the second quarter 2025 (Q2 2025), +13% from a year earlier and +6% from the quarter before. Operating margin was 14.0%, net earnings $166M (11.3% of revenue).
Mercury General, Q2 2025: revenue $1.5B (+13% year over year), operating margin 14.0%, net earnings $166M, operating cash flow $372M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.5B | +6% | +13% |
| Operating profit | $207M | — | +175% |
| Net earnings | $166M | — | +166% |
| Operating cash flow | $372M | — | +34% |
| Free cash flow | $357M | — | +34% |
What changed
Revenue was $1.5B in Q2 2025, up 13% year over year and up 6% from the previous quarter.
Operating profit was $0.21B, a 14.0% margin (up 8.2 points year over year). Of the extra revenue versus a year earlier, 76% reached operating profit, above the 6% margin then. Total costs grew 3% against revenue growth of 13%. The fastest-growing cost line was Cost of revenue (+12%). Net earnings were $0.17B, up 166% year over year. The effective tax rate was 19.5%.
Operating cash flow was $0.37B (up 34% year over year), 223% of net earnings. Non-cash charges added back $0.02B of depreciation and amortization. Working capital and other items added $0.19B. Capital expenditures of $0.01B left free cash flow of $0.36B.
Questions
What was Mercury General's revenue in the second quarter 2025?
Mercury General (MCY) reported revenue of $1.5B for the second quarter 2025 (Q2 2025), +13% from a year earlier and +6% from the quarter before.
Was Mercury General profitable in the second quarter 2025?
Operating profit was $207M (14.0% of revenue) and net earnings $166M.
Source: Mercury General 10-Q on SEC EDGAR.