Filing Flows › Markel Group (MKL) › Q3 2026 › vs Q3 2025
Markel Group (MKL) Q3 2026 vs Q3 2025 (year over year)
Markel Group's revenue rose $224M (+6%) from $3.9B in Q3 2025 to $4.2B in Q3 2026. Operating margin 9.2% against 25.7% (-16.4 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 Q3 2025, the increases inside each band.
Margins
| Q3 2026 | Q3 2025 | Change | |
|---|---|---|---|
| Operating margin | 9.2% | 25.7% | -16.4 pts |
| Net margin | 6.2% | 19.1% | -12.9 pts |
| Free cash flow margin | 20.4% | 29.6% | -9.2 pts |
Every line
| Line | Q3 2026 | Q3 2025 | Change | % |
|---|---|---|---|---|
| Revenue | $4.2B | $3.9B | $224M | +6% |
| Operating profit | $383M | $1.0B | −$627M | -62% |
| Costs & expenses | $3.8B | $2.9B | $850M | +29% |
| Pre-tax earnings | $347M | $978M | −$632M | -65% |
| Other expense, net | $36.5M | $31.4M | $5.1M | +16% |
| Net earnings | $259M | $751M | −$492M | -65% |
| Minority interests | $10.9M | $12.5M | −$1.6M | -13% |
| Income tax | $76.6M | $215M | −$138M | -64% |
| Working capital & other | $687M | $467M | $220M | +47% |
| Operating cash flow | $946M | $1.2B | −$272M | -22% |
| Free cash flow (OCF − capex) | $849M | $1.2B | −$317M | -27% |
| Capital expenditures | $96.5M | $52.4M | $44.1M | +84% |
Questions
How much did Markel Group's revenue grow year over year in Q3 2026?
Markel Group's revenue rose $224M (+6%) from $3.9B in Q3 2025 to $4.2B in Q3 2026. Operating margin 9.2% against 25.7% (-16.4 pts).