Markel (MKL) Tax Rate (2009 - 2026)
Markel (MKL) recorded Tax Rate of 21.92% in Q2 2026, up 0.45 percentage points from 21.47% a year earlier but down 2.37 percentage points from the prior quarter.
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Analysis
Markel (MKL) Tax Rate (2009 - 2026) Analysis & Trends
On a TTM basis, Markel's Tax Rate came in at 21.41% as of Jun 30, 2026, down 0.12 percentage points year-over-year; for FY2025, it came in at 21.24%, down 0.49 percentage points from FY2024.
- Annual Tax Rate has a five-year change of +4.37 percentage points (FY2020 to FY2025).
- Across earlier years, Tax Rate came in at 21.73% in FY2024 (+0.90 pp), 20.82% in FY2023 (-10.98 pp), 31.81% in FY2022 (+9.95 pp) and 21.85% in FY2021 (+4.99 pp).
- Quarterly Tax Rate has ranged from 12.36% in Q3 2022 to 27.09% in Q1 2022 over the past five years.
- On a year-over-year basis, Tax Rate rose in six of the last eight quarters, with an average year-over-year change of +0.50 percentage points.
- Peak year-over-year performance for Tax Rate in the last five years was a gain of 8.73 percentage points in Q3 2023, against a drop of 9.94 percentage points in Q3 2022 at the low end.
- Per Business Quant, the preceding three quarters came in at 24.30% (Q1 2026), 20.71% (Q4 2025) and 21.94% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Berkshire Hathaway | 1,082.55 Bn | -334.93 Bn | 55.86 Bn | 19.62% |
| 2 | Chubb | 128.03 Bn | 80.09 Bn | 9.13 Bn | 20.47% |
| 3 | Progressive | 122.38 Bn | 98.22 Bn | 9.04 Bn | 21.34% |
| 4 | Marsh & Mclennan Companies | 81.46 Bn | 73.20 Bn | - | 24.15% |
| 5 | Travelers Companies | 75.77 Bn | 52.02 Bn | 6.23 Bn | 20.20% |
| 6 | Manulife Financial | 73.91 Bn | 75.11 Bn | - | - |
| 7 | Metlife | 60.71 Bn | -45.77 Bn | 7.82 Bn | 24.73% |
| 8 | Aon | 58.53 Bn | 51.77 Bn | - | 21.96% |
| 9 | Arthur J. Gallagher | 58.38 Bn | 52.82 Bn | - | 21.74% |
| 10 | Markel | 21.58 Bn | -44.62 Bn | 2.83 Bn | 21.92% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 21.92% |
| Dec 31, 2025 | 20.71% |
| Sep 30, 2025 | 21.94% |
| Jun 30, 2025 | 21.47% |
| Mar 31, 2025 | 18.01% |
| Dec 31, 2024 | 22.40% |
| Sep 30, 2024 | 21.50% |
| Jun 30, 2024 | 20.83% |
| Mar 31, 2024 | 21.80% |
| Dec 31, 2023 | 21.13% |
| Sep 30, 2023 | 21.09% |
| Jun 30, 2023 | 21.14% |
| Mar 31, 2023 | 19.91% |
| Dec 31, 2022 | 21.29% |
| Sep 30, 2022 | 12.36% |
| Dec 31, 2021 | 23.22% |
| Sep 30, 2021 | 22.29% |
| Jun 30, 2021 | 21.28% |
| Mar 31, 2021 | 20.38% |
| Dec 31, 2020 | 16.35% |
API Access
Markel Tax Rate 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=tax-rate&ticker=MKL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "tax-rate", "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=tax-rate&ticker=MKL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();