Filing Flows › Markel Group (MKL) › Q1 2026
Markel Group (MKL) Q1 2026 earnings results (first quarter 2026)
10-Q filed Apr 28, 2026
Markel Group (MKL) reported revenue of $3.6B for the first quarter 2026 (Q1 2026), +0.1% from a year earlier and -11% from the quarter before. Operating margin was -7.7%, net loss $204M (5.8% of revenue).
Markel Group, Q1 2026: revenue $3.6B (+0.1% year over year), operating margin -7.7%, net loss $204M, operating cash flow $15.9M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $3.6B | -11% | +0.1% |
| Operating profit | −$273M | -134% | -197% |
| Net earnings | −$204M | -135% | -268% |
| Operating cash flow | $15.9M | -98% | -96% |
What changed
Revenue was $3.6B in Q1 2026, roughly flat year over year and down 11% from the previous quarter.
Operating costs exceeded revenue by $0.27B, an operating margin of -7.7%. Total costs grew 17% against flat revenue. The quarter ended with a net loss of $0.20B, after a profit of $0.58B the previous quarter.
Operating cash flow was $0.02B (down 96% year over year). Working capital and other items added $0.22B. Capital expenditures of $0.05B exceeded it, leaving free cash flow of −$0.03B.
Questions
What was Markel Group's revenue in the first quarter 2026?
Markel Group (MKL) reported revenue of $3.6B for the first quarter 2026 (Q1 2026), +0.1% from a year earlier and -11% from the quarter before.
Was Markel Group profitable in the first quarter 2026?
Operating loss was $273M (-7.7% of revenue) and net loss $204M.
Source: Markel Group 10-Q on SEC EDGAR.