Markel (MKL) Gross Margin (2009 - 2026)
Markel (MKL) posted quarterly Gross Margin of 70.46% for Q2 2026, up 248.0% year-over-year from 20.25% in Q2 2025, and up 4.94% quarter-over-quarter from 67.14% in Q1 2026.
Markel (MKL) Gross Margin (2009 - 2026) Analysis & Trends
Markel (MKL) has reported Gross Margin for 14 consecutive years, with 70.46% the latest figure, recorded in Q2 2026.
- In Q2 2026, Gross Margin rose 248.0% year-over-year to 70.46%; the TTM figure through Jun 2026 stood at 68.47% (up 233.0% YoY), while the FY2025 annual figure was 67.25%, up 136.0% from the prior year.
- Gross Margin rose to 70.46% in Q2 2026 per MKL's latest filing, from 67.14% in the prior quarter.
- Across five years, Gross Margin topped out at 71.32% in Q2 2023 and bottomed at 50.08% in Q4 2023.
- Historically, Gross Margin has averaged 65.82% across 4 years, with a median of 67.14% in 2026.
- Annual changes were most pronounced in 2024 — Gross Margin soared 1657 bps — and 2025, when it tumbled 653 bps.
- Markel's Gross Margin stood at 50.08% in 2023, then jumped by 33 bps to 66.65% in 2024, then climbed by 2 bps to 67.98% in 2025, then rose by 4 bps to 70.46% in 2026.
- Business Quant data shows MKL's Gross Margin at 70.46% in Q2 2026, 67.14% in Q1 2026, and 67.98% in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Chubb | 134.94 Bn | 121.17 Bn | 9.13 Bn | 57.69% |
| 2 | Progressive | 124.80 Bn | 119.80 Bn | 9.04 Bn | 38.28% |
| 3 | Travelers Companies | 79.39 Bn | 55.64 Bn | 4.83 Bn | 44.93% |
| 4 | Allstate | 68.49 Bn | 29.76 Bn | 16.28 Bn | 87.55% |
| 5 | Fairfax Financial Holdings | 35.45 Bn | 35.45 Bn | - | - |
| 6 | Cincinnati Financial | 26.76 Bn | 24.87 Bn | 2.39 Bn | 55.85% |
| 7 | Loews | 23.30 Bn | 1.00 Bn | 2.57 Bn | 54.18% |
| 8 | Markel | 23.19 Bn | 6.30 Bn | 2.83 Bn | 70.46% |
| 9 | Assurant | 14.13 Bn | 12.09 Bn | 2.71 Bn | 78.34% |
| 10 | Cna Financial | 13.87 Bn | 6.09 Bn | 3.44 Bn | 89.95% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 70.46% |
| Mar 31, 2026 | 67.14% |
| Dec 31, 2025 | 67.98% |
| Sep 30, 2025 | 68.13% |
| Jun 30, 2025 | 67.98% |
| Mar 31, 2025 | 64.64% |
| Dec 31, 2024 | 66.65% |
| Sep 30, 2024 | 65.06% |
| Jun 30, 2024 | 66.70% |
| Mar 31, 2024 | 71.17% |
| Dec 31, 2023 | 50.08% |
| Sep 30, 2023 | 58.39% |
| Jun 30, 2023 | 71.32% |
| Sep 30, 2018 | 78.81% |
| Jun 30, 2018 | 70.04% |
| Mar 31, 2018 | 74.48% |
| Dec 31, 2017 | 77.04% |
| Sep 30, 2017 | 77.09% |
| Jun 30, 2017 | 79.83% |
| Mar 31, 2017 | 79.98% |