Filing Flows › Markel Group (MKL) › Q2 2026 › vs Q2 2025
Markel Group (MKL) Q2 2026 vs Q2 2025 (year over year)
Markel Group's revenue fell $4.1M (-0.1%) from $4.0B in Q2 2025 to $4.0B in Q2 2026. Operating margin 38.8% against 27.5% (+11.3 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 Q2 2025, the increases inside each band.
Margins
| Q2 2026 | Q2 2025 | Change | |
|---|---|---|---|
| Operating margin | 38.8% | 27.5% | +11.3 pts |
| Net margin | 29.1% | 16.3% | +12.8 pts |
| Free cash flow margin | 9.6% | 11.3% | -1.7 pts |
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| Revenue | $4.0B | $4.0B | −$4.1M | -0.1% |
| Operating profit | $1.6B | $1.1B | $453M | +41% |
| Costs & expenses | $2.5B | $2.9B | −$457M | -16% |
| Pre-tax earnings | $1.5B | $862M | $656M | +76% |
| Other expense, net | $42.0M | $245M | −$203M | -83% |
| Net earnings | $1.2B | $657M | $512M | +78% |
| Minority interests | $16.6M | $20.0M | −$3.4M | -17% |
| Income tax | $333M | $185M | $148M | +80% |
| Working capital & other | $740M | $153M | $587M | +384% |
| Operating cash flow | $429M | $504M | −$75.5M | -15% |
| Free cash flow (OCF − capex) | $385M | $454M | −$69.2M | -15% |
| Capital expenditures | $44.3M | $50.6M | −$6.3M | -12% |
Questions
How much did Markel Group's revenue grow year over year in Q2 2026?
Markel Group's revenue fell $4.1M (-0.1%) from $4.0B in Q2 2025 to $4.0B in Q2 2026. Operating margin 38.8% against 27.5% (+11.3 pts).