Markel Corporation (MKL) Revenue History
Annual and quarterly revenue from 2014 to 2025
Compound Annual Growth Rate (CAGR)
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MKL Revenue Growth
Revenue Breakdown (FY 2024)
MKL's revenue distribution by segment and geography for fiscal year 2024
By Product/Segment
MKL Revenue Analysis (2014–2025)
As of May 6, 2026, Markel Corporation (MKL) generated trailing twelve-month (TTM) revenue of $16.57 billion, reflecting solid growth of +6.7% year-over-year. The most recent quarter (Q1 2026) recorded $3.55 billion in revenue, down 15.9% sequentially.
Looking at the longer-term picture, MKL's 5-year compound annual growth rate (CAGR) stands at +11.5%, indicating consistent double-digit revenue growth. The company achieved its highest annual revenue of $16.75 billion in 2024.
Revenue diversification analysis shows MKL's business is primarily driven by Insurance (45%), Markel Ventures Operations (31%), and Investing Member (17%).
When compared to Financial Services sector peers including RLI (+9.5% YoY), ERIE (+10.8% YoY), and HCI (+20.3% YoY), MKL has underperformed the peer group in terms of revenue growth. Compare MKL vs RLI →
MKL Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| MKLCurrent | $16.6B | +6.7% | +11.5% | 16.5% | |
 RLI | $1.9B | +9.5% | +13.8% | 27.5% | |
 ERIE | $4.1B | +10.8% | +9.9% | 17.7% | |
 HCI | $901M | +20.3% | +26.7% | - | |
 KMPR | $4.6B | +4.5% | -1.6% | 8.4% | |
 WRB | $14.7B | +7.8% | +12.7% | 15.9% |
MKL Historical Revenue Data (2014–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $16.59B | -1.0% | $11.51B | 69.4% | $2.73B | 16.5% |
| 2024 | $16.75B | +6.6% | $9.27B | 55.4% | $3.64B | 21.7% |
| 2023 | $15.71B | +33.0% | $8.08B | 51.4% | $2.65B | 16.9% |
| 2022 | $11.81B | -8.6% | $3.41B | 28.8% | $-151,566,000 | -1.3% |
| 2021 | $12.92B | +34.0% | $5.89B | 45.6% | $3.13B | 24.2% |
| 2020 | $9.64B | +1.3% | $3.38B | 35.1% | $1.00B | 10.4% |
| 2019 | $9.52B | +37.0% | $4.85B | 51.0% | $2.29B | 24.0% |
| 2018 | $6.95B | +14.6% | $2.64B | 38.1% | $-7,855,000 | -0.1% |
| 2017 | $6.06B | +8.1% | $1.85B | 30.4% | $87.3M | 1.4% |
| 2016 | $5.61B | +4.5% | $2.36B | 42.1% | $629.9M | 11.2% |
Full MKL Stock Analysis
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Start ComparisonMKL — Frequently Asked Questions
Quick answers to the most common questions about buying MKL stock.
Is MKL's revenue growth accelerating or slowing?
MKL maintains +6.7% revenue growth, in line with its 5-year CAGR of +11.5%. TTM revenue stands at $16.6B. Growth rate remains consistent with historical average.
What is MKL's long-term revenue growth rate?
Markel Corporation's 5-year revenue CAGR of +11.5% reflects the sustained expansion pattern. Current YoY growth of +6.7% is near this long-term average.
How is MKL's revenue distributed by segment?
MKL reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2014-2025 are available for download. Segment mix reveals concentration and diversification trends.