Markel Group annual operating margin
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2025
Markel Group Operating Margin Growth & History (MKL)
Markel Group's operating margin was 20.59% for fiscal 2025.
View full Markel Group company overviewMarkel Group annual operating margin history
| Fiscal year | Period ended | Operating margin | Change (percentage points) |
|---|---|---|---|
| 2025 | 2025-12-31 | 20.59% | −4.47 pp |
| 2024 | 2024-12-31 | 25.06% | +4.55 pp |
| 2023 | 2023-12-31 | 20.51% | +22.29 pp |
| 2022 | 2022-12-31 | −1.78% | −82.87 pp |
| 2021 | 2021-12-31 | 81.09% | +40.38 pp |
| 2020 | 2020-12-31 | 40.71% | −61.54 pp |
| 2019 | 2019-12-31 | 102.25% | +100.39 pp |
| 2018 | 2018-12-31 | 1.86% | −13.46 pp |
| 2017 | 2017-12-31 | 15.33% | −46.24 pp |
| 2016 | 2016-12-31 | 61.57% | +45.55 pp |
| 2015 | 2015-12-31 | 16.02% | +5.16 pp |
| 2014 | 2014-12-31 | 10.87% | −0.14 pp |
| 2013 | 2013-12-31 | 11.00% | −2.49 pp |
| 2012 | 2012-12-31 | 13.49% | +2.98 pp |
| 2011 | 2011-12-31 | 10.51% | −6.08 pp |
| 2010 | 2010-12-31 | 16.59% | +4.38 pp |
| 2009 | 2009-12-31 | 12.21% | +17.85 pp |
| 2008 | 2008-12-31 | −5.65% | — |
Markel Group quarterly operating margin
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Q2.26
| Fiscal quarter | Period ended | Operating margin | Change (percentage points) |
|---|---|---|---|
| Q2 2026 | 2026-06-30 | 38.83% | +11.30 pp |
| Q1 2026 | 2026-03-31 | −7.70% | −15.66 pp |
| Q4 2025 | 2025-12-31 | 19.84% | −0.34 pp |
| Q3 2025 | 2025-09-30 | 25.67% | −11.46 pp |
| Q2 2025 | 2025-06-30 | 27.53% | +16.45 pp |
| Q1 2025 | 2025-03-31 | 7.96% | −21.94 pp |
| Q4 2024 | 2024-12-31 | 20.18% | +9.24 pp |
| Q3 2024 | 2024-09-30 | 37.13% | +31.64 pp |
| Q2 2024 | 2024-06-30 | 11.08% | −55.50 pp |
| Q1 2024 | 2024-03-31 | 29.91% | −36.01 pp |
| Q4 2023 | 2023-12-31 | 10.94% | −63.03 pp |
| Q3 2023 | 2023-09-30 | 5.49% | +0.25 pp |
| Q2 2023 | 2023-06-30 | 66.57% | +149.62 pp |
| Q1 2023 | 2023-03-31 | 65.91% | +69.53 pp |
| Q4 2022 | 2022-12-31 | 73.96% | −36.36 pp |
| Q3 2022 | 2022-09-30 | 5.24% | −19.14 pp |
| Q2 2022 | 2022-06-30 | −83.05% | −175.95 pp |
| Q1 2022 | 2022-03-31 | −3.62% | −99.29 pp |
| Q4 2021 | 2021-12-31 | 110.32% | −19.99 pp |
| Q3 2021 | 2021-09-30 | 24.38% | −53.63 pp |
| Q2 2021 | 2021-06-30 | 92.90% | −69.49 pp |
| Q1 2021 | 2021-03-31 | 95.67% | +397.49 pp |
| Q4 2020 | 2020-12-31 | 130.32% | +2.76 pp |
| Q3 2020 | 2020-09-30 | 78.01% | +33.37 pp |
| Q2 2020 | 2020-06-30 | 162.39% | +67.48 pp |
| Q1 2020 | 2020-03-31 | −301.82% | −448.43 pp |
| Q4 2019 | 2019-12-31 | 127.55% | +298.05 pp |
| Q3 2019 | 2019-09-30 | 44.64% | −62.57 pp |
| Q2 2019 | 2019-06-30 | 94.91% | +45.36 pp |
| Q1 2019 | 2019-03-31 | 146.61% | +122.71 pp |
| Q4 2018 | 2018-12-31 | −170.49% | −73.97 pp |
| Q3 2018 | 2018-09-30 | 107.21% | +34.56 pp |
| Q2 2018 | 2018-06-30 | 49.55% | +40.53 pp |
| Q1 2018 | 2018-03-31 | 23.90% | +13.23 pp |
| Q3 2017 | 2017-09-30 | −96.52% | −110.60 pp |
| Q2 2017 | 2017-06-30 | 72.65% | +54.83 pp |
| Q1 2017 | 2017-03-31 | 9.02% | −10.64 pp |
| Q3 2016 | 2016-09-30 | 10.66% | −2.95 pp |
| Q2 2016 | 2016-06-30 | 14.08% | +4.14 pp |
| Q1 2016 | 2016-03-31 | 17.82% | −2.83 pp |
| Q4 2015 | 2015-12-31 | 19.66% | +5.07 pp |
| Q3 2015 | 2015-09-30 | 13.61% | +3.36 pp |
| Q2 2015 | 2015-06-30 | 9.93% | +3.25 pp |
| Q1 2015 | 2015-03-31 | 20.65% | +8.89 pp |
| Q4 2014 | 2014-12-31 | 14.59% | +3.85 pp |
| Q3 2014 | 2014-09-30 | 10.25% | −0.05 pp |
| Q2 2014 | 2014-06-30 | 6.68% | −0.51 pp |
| Q1 2014 | 2014-03-31 | 11.75% | −5.49 pp |
| Q4 2013 | 2013-12-31 | 10.74% | −0.35 pp |
| Q3 2013 | 2013-09-30 | 10.30% | +0.22 pp |
| Q2 2013 | 2013-06-30 | 7.19% | −13.19 pp |
| Q1 2013 | 2013-03-31 | 17.24% | +4.05 pp |
| Q4 2012 | 2012-12-31 | 11.09% | −3.01 pp |
| Q3 2012 | 2012-09-30 | 10.08% | −3.35 pp |
| Q2 2012 | 2012-06-30 | 20.39% | +11.33 pp |
| Q1 2012 | 2012-03-31 | 13.19% | +8.30 pp |
| Q4 2011 | 2011-12-31 | 14.10% | −7.23 pp |
| Q3 2011 | 2011-09-30 | 13.43% | −6.14 pp |
| Q2 2011 | 2011-06-30 | 9.06% | −0.30 pp |
| Q1 2011 | 2011-03-31 | 4.89% | −10.11 pp |
| Q4 2010 | 2010-12-31 | 21.33% | +10.47 pp |
| Q3 2010 | 2010-09-30 | 19.58% | +9.58 pp |
| Q2 2010 | 2010-06-30 | 9.36% | — |
| Q1 2010 | 2010-03-31 | 15.00% | — |
| Q3 2009 | 2009-09-30 | 10.85% | — |
| Q2 2009 | 2009-06-30 | 10.00% | — |
Markel Group operating margin trends
Over the last five reported fiscal years, Markel Group's operating margin decreased from 40.71% to 20.59%, a change of −20.12 percentage points. The latest reported quarter, Q2 2026, shows 38.83%.
About the metric
What operating margin means
Operating margin measures the percentage of revenue left after operating costs and expenses. It shows how much operating profit a company generates from each dollar of revenue.
Calculation and source
How operating margin is calculated
TickerStat calculates operating margin as SEC-reported operating income divided by SEC-reported revenue for the same fiscal period. Changes are shown in percentage points. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review Markel Group filings at SEC.gov ↗