Markel (MKL) Operating Income (2009 - 2026)
Markel's Operating Income was $1.56 billion in Q2 2026, up 40.9% from $1.11 billion a year earlier.
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Analysis
Markel (MKL) Operating Income (2009 - 2026) Analysis & Trends
On a trailing twelve-month basis, Markel's Operating Income was $3.09 billion through Jun 30, 2026, down 7.9% year-over-year; for FY2025, it was $3.19 billion, down 13.9% from FY2024.
- Operating Income shows a five-year compound annual growth rate of 20.2% (FY2020 to FY2025).
- In earlier years, Operating Income was $3.71 billion in FY2024 (+26.8%), $2.93 billion in FY2023, -$93.34 million in FY2022 and $3.24 billion in FY2021 (+154.5%).
- The Q2 2026 figure marks the highest quarterly Operating Income in data going back to Q2 2009.
- Compared with a year earlier, Operating Income was higher in three of the last six quarters, with growth averaging 15.3%.
- The best year-over-year quarter for Operating Income over five years was Q2 2025 (growth of 170.1%); the worst was Q1 2025 (a decline of 78.8%).
- Per Business Quant data, MKL's Operating Income in the three quarters before Q2 2026 was -$273.33 million (Q1 2026), $795.15 million (Q4 2025) and $1.01 billion (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Op. Inc (Qtr) |
|---|---|---|---|---|---|
| 1 | Berkshire Hathaway | 1,082.55 Bn | -334.93 Bn | 55.86 Bn | -30.21 Bn |
| 2 | Chubb | 128.03 Bn | 80.09 Bn | 9.13 Bn | -3.07 Bn |
| 3 | Progressive | 122.38 Bn | 98.22 Bn | 9.04 Bn | -10.36 Bn |
| 4 | Marsh & Mclennan Companies | 81.46 Bn | 73.20 Bn | - | 1.90 Bn |
| 5 | Travelers Companies | 75.77 Bn | 52.02 Bn | 6.23 Bn | -3.16 Bn |
| 6 | Manulife Financial | 73.91 Bn | 75.11 Bn | - | - |
| 7 | Metlife | 60.71 Bn | -45.77 Bn | 7.82 Bn | -10.30 Bn |
| 8 | Aon | 58.53 Bn | 51.77 Bn | - | 915.00 Mn |
| 9 | Arthur J. Gallagher | 58.38 Bn | 52.82 Bn | - | - |
| 10 | Markel | 21.58 Bn | -44.62 Bn | 2.83 Bn | 1.56 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 1.56 Bn |
| Mar 31, 2026 | -273.33 Mn |
| Dec 31, 2025 | 795.15 Mn |
| Sep 30, 2025 | 1.01 Bn |
| Jun 30, 2025 | 1.11 Bn |
| Mar 31, 2025 | 282.52 Mn |
| Dec 31, 2024 | 595.47 Mn |
| Sep 30, 2024 | 1.37 Bn |
| Jun 30, 2024 | 409.98 Mn |
| Mar 31, 2024 | 1.34 Bn |
| Dec 31, 2023 | 1.13 Bn |
| Sep 30, 2023 | 72.81 Mn |
| Jun 30, 2023 | 970.06 Mn |
| Mar 31, 2023 | 753.90 Mn |
| Dec 31, 2022 | 1.06 Bn |
| Sep 30, 2022 | 66.93 Mn |
| Jun 30, 2022 | -1.18 Bn |
| Mar 31, 2022 | -40.26 Mn |
| Dec 31, 2021 | 1.18 Bn |
| Sep 30, 2021 | 241.69 Mn |
API Access
Markel Operating Income API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-income&ticker=MKL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-income", "ticker": "MKL", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-income&ticker=MKL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();