Filing Flows › Markel Group (MKL) › Q2 2026
Markel Group (MKL) Q2 2026 earnings results (second quarter 2026)
10-Q filed Jul 29, 2026
Markel Group (MKL) reported revenue of $4.0B for the second quarter 2026 (Q2 2026), -0.1% from a year earlier and +13% from the quarter before. Operating margin was 38.8%, net earnings $1.2B (29.1% of revenue).
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 follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $4.0B | +13% | -0.1% |
| Operating profit | $1.6B | — | +41% |
| Net earnings | $1.2B | — | +78% |
| Operating cash flow | $429M | 27× | -15% |
| Free cash flow | $385M | — | -15% |
What changed
Revenue was $4.0B in Q2 2026, roughly flat year over year and up 13% from the previous quarter.
Operating profit was $1.6B, a 38.8% margin (up 11.3 points year over year). Total costs fell 16% while revenue was flat. Net earnings were $1.2B, up 78% year over year. The effective tax rate was 21.9%.
Operating cash flow was $0.43B (down 15% year over year), 36% of net earnings. Working capital and other items used $0.76B. Capital expenditures of $0.04B left free cash flow of $0.38B.
Questions
What was Markel Group's revenue in the second quarter 2026?
Markel Group (MKL) reported revenue of $4.0B for the second quarter 2026 (Q2 2026), -0.1% from a year earlier and +13% from the quarter before.
Was Markel Group profitable in the second quarter 2026?
Operating profit was $1.6B (38.8% of revenue) and net earnings $1.2B.
Source: Markel Group 10-Q on SEC EDGAR.