Markel (MKL) Cost of Revenue (2009 - 2026)
Markel (MKL) posted quarterly Cost of Revenue of $1.2 billion for Q1 2026, down 7.0% YoY from $1.3 billion in Q1 2025, and down 6.94% sequentially from $1.3 billion in Q3 2025.
Markel (MKL) Cost of Revenue (2009 - 2026) Analysis & Trends
Markel has disclosed Cost of Revenue across 14 years of filings, most recently posting $1.2 billion for Q1 2026.
- In Q1 2026, Cost of Revenue fell 7.0% year-over-year to $1.2 billion; the TTM figure through Mar 2026 stood at $5.0 billion (down 2.02% YoY), while the FY2017 annual figure was $1.3 billion, up 9.89% from the prior year.
- Cost of Revenue eased to $1.2 billion in Q1 2026, from $1.3 billion in the prior quarter.
- Over the last five years, Cost of Revenue for MKL reached as high as $1.4 billion in Q3 2023 and fell as low as $1.2 billion in Q1 2026.
- The 4-year median for Cost of Revenue is $1.3 billion (2025), against an average of $1.3 billion.
- Annual changes were most pronounced in 2024 — Cost of Revenue slipped 8.1% — and 2025, when it increased 4.5%.
- A 4-year view of Cost of Revenue shows it stood at $1.4 billion in 2023, then fell by 8.1% to $1.3 billion in 2024, then declined by 2.85% to $1.3 billion in 2025, then dropped by 6.94% to $1.2 billion in 2026.
- According to Business Quant data, Cost of Revenue over the past three periods registered $1.2 billion, $1.3 billion, and $1.3 billion for Q1 2026, Q3 2025, and Q2 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Markel | 7,105.55 Bn | 7,090.09 Bn | 2.38 Bn | 1.17 Bn |
| 2 | Progressive | 131.92 Bn | 127.57 Bn | 8.36 Bn | 13.83 Bn |
| 3 | Chubb | 78.78 Bn | 71.35 Bn | 8.64 Bn | 6.13 Bn |
| 4 | Cincinnati Financial | 74.32 Bn | 73.06 Bn | 2.60 Bn | 9.00 Mn |
| 5 | Travelers Companies | 72.03 Bn | 48.11 Bn | 5.54 Bn | 6.38 Bn |
| 6 | Allstate | 63.08 Bn | 38.49 Bn | 14.72 Bn | 2.23 Bn |
| 7 | Fairfax Financial Holdings | 34.53 Bn | 39.18 Bn | - | - |
| 8 | Loews | 23.53 Bn | 11.27 Bn | -1.32 Bn | 2.18 Bn |
| 9 | Selective Insurance | 20.82 Bn | 19.07 Bn | 543.42 Mn | 815.50 Mn |
| 10 | Assurant | 13.63 Bn | 11.71 Bn | 2.01 Bn | 769.10 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 1.17 Bn |
| Mar 31, 2026 | 1.17 Bn |
| Sep 30, 2025 | 1.25 Bn |
| Sep 30, 2025 | 1.25 Bn |
| Jun 30, 2025 | 1.29 Bn |
| Jun 30, 2025 | 1.29 Bn |
| Mar 31, 2025 | 1.25 Bn |
| Mar 31, 2025 | 1.25 Bn |
| Sep 30, 2024 | 1.29 Bn |
| Sep 30, 2024 | 1.29 Bn |
| Jun 30, 2024 | 1.23 Bn |
| Jun 30, 2024 | 1.23 Bn |
| Mar 31, 2024 | 1.29 Bn |
| Mar 31, 2024 | 1.29 Bn |
| Sep 30, 2023 | 1.40 Bn |
| Sep 30, 2023 | 1.40 Bn |
| Jun 30, 2023 | 1.19 Bn |
| Jun 30, 2023 | 1.19 Bn |
| Sep 30, 2018 | 473.74 Mn |
| Sep 30, 2018 | 473.74 Mn |