Markel Corporation (MKL) quarterly income statement — complete revenue, gross profit & net income history
Markel Corporation (MKL) annual income statement — 30-year revenue, gross profit & net income history
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 |
|---|
| Revenue | 5.2B | 3.55B | 4.22B | 4.39B | 4.41B | 3.33B | 3.84B | 4.5B | 3.71B | 4.52B | 4.56B | 3.41B | 4.13B | 3.61B | 4.07B | 3.18B | 1.9B | 2.63B | 3.77B | 2.74B |
| Revenue Growth % | 17.81% | 6.74% | 9.87% | -2.51% | 18.87% | -26.38% | -15.79% | 31.78% | -10.1% | 25.14% | 12.05% | 7.38% | 117.55% | 37.32% | 7.87% | 16.25% | -45.47% | -10% | 15.72% | -3.81% |
| Medical Costs & Claims | 2.12B | 1.17B | 1.28B | 1.98B | 1.96B | 1.82B | 1.24B | 1.9B | 1.84B | 1.82B | 2.19B | 2.01B | 1.78B | 1.65B | 1.84B | 1.73B | 1.62B | 1.56B | 1.52B | 1.46B |
| Medical Cost Ratio % | 40.86% | 32.86% | 30.41% | 45.03% | 44.5% | 54.78% | 32.33% | 42.22% | 49.69% | 40.38% | 48% | 58.9% | 43.09% | 45.8% | 45.29% | 54.46% | 85.19% | 59.42% | 40.24% | 53.46% |
| Gross Profit | 3.07B | 2.38B | 2.94B | 2.41B | 2.45B | 1.5B | 2.6B | 2.6B | 1.87B | 2.69B | 2.37B | 1.4B | 2.35B | 1.96B | 2.23B | 1.45B | 280.98M | 1.07B | 2.25B | 1.27B |
| Gross Margin % | 59.14% | 67.14% | 69.59% | 54.97% | 55.5% | 45.22% | 67.67% | 57.78% | 50.31% | 59.62% | 52% | 41.1% | 56.91% | 54.2% | 54.71% | 45.54% | 14.81% | 40.58% | 59.76% | 46.54% |
| Gross Profit Growth % | 25.53% | 58.48% | 12.98% | -7.25% | 31.14% | -44.16% | 9.59% | 85.26% | -20.52% | 37.65% | 6.5% | -3.09% | 735.95% | 83.4% | -1.24% | 13.75% | -86.92% | -34.51% | 18.02% | -12.69% |
| Operating Expenses | 1.55B | 2.66B | 2.2B | 1.43B | 1.59B | 1.35B | 1.88B | 1.39B | 1.5B | 1.35B | 1.37B | 1.34B | 1.44B | 1.29B | 1.33B | 1.31B | 1.4B | 1.13B | 1.12B | 1.03B |
| OpEx / Revenue % | 29.92% | 74.84% | 52.19% | 32.66% | 35.95% | 40.48% | 48.83% | 30.97% | 40.45% | 29.92% | 29.93% | 39.12% | 34.91% | 35.6% | 32.57% | 41.35% | 73.94% | 43.13% | 29.56% | 37.62% |
| Depreciation & Amortization | 43.3M | 43.51M | 42.79M | 44.06M | 51.21M | 46.94M | 46.49M | 46.46M | 44.24M | 44.28M | 44.25M | 47.55M | 44.42M | 44.4M | 43.79M | 43.42M | 45.52M | 46.05M | 41.99M | 39.27M |
| Combined Ratio % | 70.78% | 107.7% | 82.6% | 77.7% | 80.45% | 95.26% | 81.16% | 73.19% | 90.13% | 70.3% | 77.93% | 98.02% | 78% | 81.4% | 77.85% | 95.81% | 159.13% | 102.55% | 69.8% | 91.08% |
| Operating Income | 1.52B | -273.33M | 734.16M | 978.44M | 862.36M | 157.75M | 723.51M | 1.21B | 366.09M | 1.34B | 1.01B | 67.5M | 907.87M | 671.53M | 901.47M | 133.22M | -1.12B | -66.95M | 1.14B | 244.08M |
| Operating Margin % | 29.22% | -7.7% | 17.4% | 22.3% | 19.55% | 4.74% | 18.84% | 26.81% | 9.87% | 29.7% | 22.07% | 1.98% | 22% | 18.6% | 22.15% | 4.19% | -59.13% | -2.55% | 30.2% | 8.92% |
| Operating Income Growth % | 76.07% | -273.27% | 1.47% | -18.89% | 135.56% | -88.24% | -28.14% | 1687.11% | -59.68% | 99.8% | 11.69% | -49.33% | 180.93% | 1103.06% | -20.9% | -45.42% | -209.93% | -109.2% | 12.49% | -58.21% |
| EBITDA | 1.56B | -229.82M | 776.95M | 1.02B | 913.57M | 204.69M | 770.01M | 1.25B | 410.33M | 1.39B | 1.05B | 115.05M | 952.29M | 715.93M | 945.26M | 176.63M | -1.08B | -20.9M | 1.18B | 283.35M |
| EBITDA Margin % | 30.05% | -6.47% | 18.41% | 23.31% | 20.71% | 6.15% | 20.05% | 27.84% | 11.06% | 30.68% | 23.04% | 3.37% | 23.07% | 19.83% | 23.22% | 5.55% | -56.73% | -0.79% | 31.31% | 10.36% |
| Interest Expense | 52.39M | 50.89M | 50.02M | 50.68M | 53.08M | 52.14M | 52.79M | 53.36M | 52.6M | 45.55M | 43.87M | 44.55M | 47.22M | 49.44M | 48.97M | 47.35M | 50.05M | 49.69M | 48.17M | 46.45M |
| Non-Operating Income | -52.39M | 0 | -50.02M | -50.68M | -53.08M | -52.14M | -52.79M | -53.36M | -52.6M | -45.55M | -43.87M | -44.55M | -47.22M | -49.44M | -48.97M | -47.35M | -50.05M | -49.69M | -48.17M | -46.45M |
| Pretax Income | 1.52B | -269.94M | 734.16M | 978.44M | 862.36M | 157.75M | 723.51M | 1.21B | 366.09M | 1.34B | 1.01B | 67.5M | 907.87M | 671.53M | 901.47M | 133.22M | -1.12B | -66.95M | 1.14B | 244.08M |
| Pretax Margin % | 29.22% | -7.6% | 17.4% | 22.3% | 19.55% | 4.74% | 18.84% | 26.81% | 9.87% | 29.7% | 22.07% | 1.98% | 22% | 18.6% | 22.15% | 4.19% | -59.13% | -2.55% | 30.2% | 8.92% |
| Income Tax | 332.87M | -65.58M | 152.07M | 214.66M | 185.17M | 28.4M | 162.08M | 259.41M | 76.24M | 292.56M | 212.71M | 14.23M | 191.94M | 133.73M | 191.9M | 16.46M | -238.95M | -18.14M | 264.56M | 54.41M |
| Effective Tax Rate % | 21.92% | 24.3% | 20.71% | 21.94% | 21.47% | 18.01% | 22.4% | 21.5% | 20.83% | 21.8% | 21.13% | 21.09% | 21.14% | 19.91% | 21.29% | 12.36% | 21.3% | 27.09% | 23.21% | 22.29% |
| Net Income | 1.17B | -212.29M | 576.81M | 751.34M | 657.15M | 121.71M | 549.18M | 904.96M | 267.7M | 1.03B | 769.31M | 42.59M | 695.51M | 488.65M | 689.71M | 59.59M | -915.8M | -51.74M | 871.13M | 188.07M |
| Net Margin % | 22.49% | -5.98% | 13.67% | 17.13% | 14.9% | 3.66% | 14.3% | 20.11% | 7.21% | 22.69% | 16.87% | 1.25% | 16.85% | 13.53% | 16.94% | 1.87% | -48.27% | -1.97% | 23.08% | 6.88% |
| Net Income Growth % | 77.87% | -274.42% | 5.03% | -16.98% | 145.48% | -88.13% | -28.61% | 2024.77% | -61.51% | 109.8% | 11.54% | -28.53% | 175.95% | 1044.42% | -20.83% | -68.31% | -215.61% | -109.02% | 2.81% | -58.46% |
| EPS (Diluted) | 92.76 | -18.90 | 48.75 | 59.25 | 49.67 | 12.08 | 38.74 | 66.25 | 18.62 | 75.43 | 56.48 | 6.12 | 50.09 | 37.26 | 49.05 | 9.01 | -69.15 | -3.66 | 62.44 | 15.09 |
| EPS Growth % | 86.75% | -256.46% | 25.84% | -10.57% | 166.76% | -83.99% | -31.41% | 982.52% | -62.83% | 102.44% | 15.15% | -32.08% | 172.44% | 1118.03% | -21.44% | -40.29% | -221.27% | -108.71% | 5.24% | -51.37% |
| EPS (Basic) | 93.08 | -18.90 | 48.95 | 59.44 | 49.80 | 12.11 | 38.83 | 66.40 | 18.66 | 75.56 | 56.67 | 6.14 | 50.20 | 37.33 | 49.21 | 9.03 | -69.15 | -3.66 | 62.65 | 15.12 |
| Diluted Shares Outstanding | 11.23M | 11.23M | 11.83M | 12.73M | 12.73M | 12.84M | 12.93M | 13.02M | 13.08M | 13.16M | 13.29M | 13.35M | 13.41M | 13.47M | 13.54M | 13.6M | 13.61M | 13.65M | 13.75M | 13.79M |