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Markel Group (MKL) operating margin by quarter

Markel Group's operating margin was 9.2% in Q3 2026 (third quarter 2026), -29.6 pts from Q2 2026. Over the last 6 quarters it ranged from 8.0% (Q1 2025) to 38.8% (Q2 2026).

Markel Group operating margin by quarterMarkel Group operating margin by quarter8.0%Q1 202524.1%Q2 202525.7%Q3 202519.8%Q4 202538.8%Q2 20269.2%Q3 2026
QuarterOperating marginQ/QY/Y
Q3 20269.2%-29.6 pts-16.4 pts
Q2 202638.8%+19.0 pts+14.8 pts
Q4 202519.8%-5.8 pts—
Q3 202525.7%+1.6 pts—
Q2 202524.1%+16.1 pts—
Q1 20258.0%——

Q3 2026 at a glance

Markel Group, Q3 2026: revenue $4.2B (+6% year over year), operating margin 9.2%, net earnings $259M, operating cash flow $946M. The chart follows the revenue to costs, profit and cash.

Questions

What is Markel Group's operating margin?

Markel Group's operating margin was 9.2% in Q3 2026 (third quarter 2026), -29.6 pts from Q2 2026.

How has Markel Group's operating margin changed?

Over the last 6 quarters it ranged from 8.0% (Q1 2025) to 38.8% (Q2 2026).

Q3 2026 results → · How Markel Group makes money →