Filing Flows › Markel Group (MKL) › Q2 2026 › vs Q1 2026
Markel Group (MKL) Q2 2026 vs Q1 2026 (quarter over quarter)
Markel Group's revenue rose $468M (+13%) from $3.6B in Q1 2026 to $4.0B in Q2 2026. Operating margin 38.8% against -7.7% (+46.5 pts).
Markel Group, Q2 2026: revenue $4.0B (-0.1% year over year), operating margin 38.8%, net earnings $1.2B, operating cash flow $429M. The chart draws each line against Q1 2026, the increases inside each band.
Margins
| Q2 2026 | Q1 2026 | Change | |
|---|---|---|---|
| Operating margin | 38.8% | -7.7% | +46.5 pts |
| Net margin | 29.1% | -6.0% | +35.1 pts |
| Free cash flow margin | 9.6% | -0.9% | +10.5 pts |
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| Revenue | $4.0B | $3.6B | $468M | +13% |
| Operating profit | $1.6B | −$273M | $1.8B | — |
| Costs & expenses | $2.5B | $3.8B | −$1.4B | -36% |
| Pre-tax earnings | $1.5B | −$270M | $1.8B | — |
| Other expense, net | $42.0M | −$3.4M | $45.4M | — |
| Net earnings | $1.2B | −$212M | $1.4B | — |
| Minority interests | $16.6M | $7.9M | $8.7M | +110% |
| Income tax | $333M | −$65.6M | $398M | — |
| Working capital & other | $740M | −$228M | $968M | — |
| Operating cash flow | $429M | $15.9M | $413M | 27× |
| Free cash flow (OCF − capex) | $385M | −$31.4M | $416M | — |
| Capital expenditures | $44.3M | $47.3M | −$2.9M | -6% |
Questions
How much did Markel Group's revenue grow quarter over quarter in Q2 2026?
Markel Group's revenue rose $468M (+13%) from $3.6B in Q1 2026 to $4.0B in Q2 2026. Operating margin 38.8% against -7.7% (+46.5 pts).