Filing Flows › Mercury General (MCY) › Q3 2025
Mercury General (MCY) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 4, 2025
Mercury General (MCY) reported revenue of $1.6B for the third quarter 2025 (Q3 2025), +4% from a year earlier and +7% from the quarter before. Operating margin was 22.1%, net earnings $280M (17.7% of revenue).
Mercury General, Q3 2025: revenue $1.6B (+4% year over year), operating margin 22.1%, net earnings $280M, operating cash flow $496M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.6B | +7% | +4% |
| Operating profit | $350M | +69% | +22% |
| Net earnings | $280M | +68% | +21% |
| Operating cash flow | $496M | +34% | +56% |
| Free cash flow | $480M | +34% | +57% |
What changed
Revenue was $1.6B in Q3 2025, up 4% year over year and up 7% from the previous quarter.
Operating profit was $0.35B, a 22.1% margin (up 3.3 points year over year). Of the extra revenue versus a year earlier, 116% reached operating profit, above the 19% margin then. Total costs fell 1% while revenue rose 4%. The fastest-growing cost line was Cost of revenue (+22%). Net earnings were $0.28B, up 21% year over year. The effective tax rate was 20.0%.
Operating cash flow was $0.50B (up 56% year over year), 177% of net earnings. Non-cash charges added back $0.02B of depreciation and amortization. Working capital and other items added $0.20B. Capital expenditures of $0.02B left free cash flow of $0.48B.
Questions
What was Mercury General's revenue in the third quarter 2025?
Mercury General (MCY) reported revenue of $1.6B for the third quarter 2025 (Q3 2025), +4% from a year earlier and +7% from the quarter before.
Was Mercury General profitable in the third quarter 2025?
Operating profit was $350M (22.1% of revenue) and net earnings $280M.
Source: Mercury General 10-Q on SEC EDGAR.