Filing Flows › Markel Group (MKL) › Q3 2026
Markel Group (MKL) Q3 2026 earnings results (third quarter 2026)
10-Q filed Oct 28, 2026
Markel Group (MKL) reported revenue of $4.2B for the third quarter 2026 (Q3 2026), +6% from a year earlier and +3% from the quarter before. Operating margin was 9.2%, net earnings $259M (6.2% of revenue).
Markel Group, Q3 2026: revenue $4.2B (+6% year over year), operating margin 9.2%, net earnings $259M, operating cash flow $946M. The chart follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $4.2B | +3% | +6% |
| Operating profit | $383M | -75% | -62% |
| Net earnings | $259M | -78% | -65% |
| Operating cash flow | $946M | +121% | -22% |
| Free cash flow | $849M | +121% | -27% |
What changed
Revenue was $4.2B in Q3 2026, up 6% year over year and up 3% from the previous quarter.
Operating profit was $0.38B, a 9.2% margin (down 16.4 points year over year). Operating profit fell $0.63B even though revenue rose $0.22B versus Q3 2025, so costs grew faster than sales. Total costs grew 29% against revenue growth of 6%. Net earnings were $0.26B, down 65% year over year. The effective tax rate was 22.1%.
Operating cash flow was $0.95B (down 22% year over year), 350% of net income including minority interests. Working capital and other items added $0.68B. Capital expenditures of $0.10B left free cash flow of $0.85B.
Questions
What was Markel Group's revenue in the third quarter 2026?
Markel Group (MKL) reported revenue of $4.2B for the third quarter 2026 (Q3 2026), +6% from a year earlier and +3% from the quarter before.
Was Markel Group profitable in the third quarter 2026?
Operating profit was $383M (9.2% of revenue) and net earnings $259M.
Source: Markel Group 10-Q on SEC EDGAR.