Markel (MKL) Shares Outstanding (2009 - 2026)
Markel (MKL) reported Shares Outstanding of 12.55 million for Q2 2026, down 1.2% from 12.7 million a year earlier and down 0.6% from the prior quarter.
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Analysis
Markel (MKL) Shares Outstanding (2009 - 2026) Analysis & Trends
For FY2025, Markel posted Shares Outstanding of 12.61 million, down 3.1% from FY2024.
- Shares Outstanding has declined for nine consecutive years, with a five-year compound annual growth rate of -1.8% (FY2020 to FY2025).
- By year, Shares Outstanding came in at 13.02 million in FY2024 (-2.5%), 13.35 million in FY2023 (-1.7%), 13.58 million in FY2022 (-1.4%) and 13.77 million in FY2021 (-0.3%).
- The Q2 2026 figure ranks as the lowest quarterly Shares Outstanding since Q4 2013.
- Year over year, Shares Outstanding has now declined in each of the last 21 quarters, with an average decline of 2.4% over the last eight quarters.
- Across the past five years, year-over-year decline in Shares Outstanding ran from 0.3% in Q4 2021 to 3.3% in Q3 2025.
- Per Business Quant data, the three quarters before Q2 2026 came in at 12.63 million (Q1 2026), 12.61 million (Q4 2025) and 12.56 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Shares Outstanding (Qtr) |
|---|---|---|---|---|---|
| 1 | Berkshire Hathaway | 1,073.91 Bn | -343.57 Bn | 55.86 Bn | 1.44 Mn |
| 2 | Chubb | 125.44 Bn | 77.50 Bn | 9.13 Bn | 387.41 Mn |
| 3 | Progressive | 120.54 Bn | 96.37 Bn | 9.04 Bn | 583.00 Mn |
| 4 | Marsh & Mclennan Companies | 81.59 Bn | 73.34 Bn | - | 480.00 Mn |
| 5 | Travelers Companies | 74.40 Bn | 50.64 Bn | 6.23 Bn | 210.50 Mn |
| 6 | Manulife Financial | 72.53 Bn | 73.74 Bn | - | 1.70 Bn |
| 7 | Metlife | 60.06 Bn | -46.42 Bn | 7.82 Bn | 642.60 Mn |
| 8 | Aon | 58.71 Bn | 51.95 Bn | - | 213.20 Mn |
| 9 | Arthur J. Gallagher | 58.49 Bn | 52.93 Bn | - | 256.70 Mn |
| 10 | Markel | 21.24 Bn | -44.97 Bn | 2.83 Bn | 12.55 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 12.55 Mn |
| Mar 31, 2026 | 12.63 Mn |
| Dec 31, 2025 | 12.61 Mn |
| Sep 30, 2025 | 12.56 Mn |
| Jun 30, 2025 | 12.70 Mn |
| Mar 31, 2025 | 12.80 Mn |
| Dec 31, 2024 | 13.02 Mn |
| Sep 30, 2024 | 12.99 Mn |
| Jun 30, 2024 | 13.05 Mn |
| Mar 31, 2024 | 13.14 Mn |
| Dec 31, 2023 | 13.35 Mn |
| Sep 30, 2023 | 13.32 Mn |
| Jun 30, 2023 | 13.38 Mn |
| Mar 31, 2023 | 13.45 Mn |
| Dec 31, 2022 | 13.58 Mn |
| Sep 30, 2022 | 13.56 Mn |
| Jun 30, 2022 | 13.61 Mn |
| Mar 31, 2022 | 13.65 Mn |
| Dec 31, 2021 | 13.77 Mn |
| Sep 30, 2021 | 13.76 Mn |
API Access
Markel Shares Outstanding 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=shares-outstanding&ticker=MKL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "shares-outstanding", "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=shares-outstanding&ticker=MKL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();