Filing Flows › Markel Group (MKL) › Q3 2026 › vs Q2 2026
Markel Group (MKL) Q3 2026 vs Q2 2026 (quarter over quarter)
Markel Group's revenue rose $140M (+3%) from $4.0B in Q2 2026 to $4.2B in Q3 2026. Operating margin 9.2% against 38.8% (-29.6 pts).
Markel Group, Q3 2026: revenue $4.2B (+6% year over year), operating margin 9.2%, net earnings $259M, operating cash flow $946M. The chart draws each line against Q2 2026, the increases inside each band.
Margins
| Q3 2026 | Q2 2026 | Change | |
|---|---|---|---|
| Operating margin | 9.2% | 38.8% | -29.6 pts |
| Net margin | 6.2% | 29.1% | -22.9 pts |
| Free cash flow margin | 20.4% | 9.6% | +10.9 pts |
Every line
| Line | Q3 2026 | Q2 2026 | Change | % |
|---|---|---|---|---|
| Revenue | $4.2B | $4.0B | $140M | +3% |
| Operating profit | $383M | $1.6B | −$1.2B | -75% |
| Costs & expenses | $3.8B | $2.5B | $1.3B | +54% |
| Pre-tax earnings | $347M | $1.5B | −$1.2B | -77% |
| Other expense, net | $36.5M | $42.0M | −$5.5M | -13% |
| Net earnings | $259M | $1.2B | −$910M | -78% |
| Minority interests | $10.9M | $16.6M | −$5.7M | -35% |
| Income tax | $76.6M | $333M | −$256M | -77% |
| Working capital & other | $687M | −$740M | $1.4B | — |
| Operating cash flow | $946M | $429M | $517M | +121% |
| Free cash flow (OCF − capex) | $849M | $385M | $465M | +121% |
| Capital expenditures | $96.5M | $44.3M | $52.2M | +118% |
Questions
How much did Markel Group's revenue grow quarter over quarter in Q3 2026?
Markel Group's revenue rose $140M (+3%) from $4.0B in Q2 2026 to $4.2B in Q3 2026. Operating margin 9.2% against 38.8% (-29.6 pts).