Gross Profit for Markel (MKL)
According to Markel's latest reported financial statements, the company's current gross profit (TTM) is $10.18B USD. Gross profit equals revenue minus the cost of goods sold (COGS) — what remains from sales after the direct cost of producing the product or service. It does not yet subtract operating expenses, interest, or taxes (see operating income and net income for those steps). Higher gross profit (and gross margin) generally signals pricing power and production efficiency.
Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .
MKL
Currently viewingGross ProfitSwitch metric
TTM (last 4 quarters)
$10.18B
YoY change
+24.1%
5Y CAGR
+27.8%
Peak year (2025)
$11.51B
Cumulative gross profit
$69.38B
Gross Profit history chart for Markel (MKL) from 1985 to 2025
Gross Profit history table for Markel (MKL) from 1985 to 2025
| Fiscal year | Period ended | Reported | Gross Profit | YoY | YoY change |
|---|---|---|---|---|---|
| 2025 | $11.51B | +24.1% | +$2.24B | ||
| 2024 | $9.27B | +14.8% | +$1.19B | ||
| 2023 | $8.08B | +137.3% | +$4.68B | ||
| 2022 | $3.41B | -42.2% | -$2.49B | ||
| 2021 | $5.89B | +74.2% | +$2.51B | ||
| 2020 | $3.38B | -30.3% | -$1.47B | ||
| 2019 | $4.85B | +83.5% | +$2.21B | ||
| 2018 | $2.64B | +43.3% | +$798.80M | ||
| 2017 | $1.85B | -21.8% | -$515.60M | ||
| 2016 | $2.36B | -9.8% | -$255.86M | ||
| 2015 | $2.62B | +18.3% | +$404.08M | ||
| 2014 | $2.21B | +11.5% | +$228.83M | ||
| 2013 | $1.98B | +40.2% | +$568.88M | ||
| 2012 | $1.42B | +56.1% | +$508.95M | ||
| 2011 | $906.79M | +6.3% | +$53.52M | ||
| 2010 | $853.27M | -20.7% | -$223.19M | ||
| 2009 | $1.08B | +52.1% | +$368.90M | ||
| 2008 | $707.56M | +12.2% | +$77.20M | ||
| 2007 | $630.35M | +1.9% | +$11.78M | ||
| 2006 | $618.57M | +147.6% | +$368.73M | ||
| 2005 | $249.84M | -10.9% | -$30.42M | ||
| 2004 | $280.26M | +17.9% | +$42.59M | ||
| 2003 | $237.67M | +41.1% | +$69.19M | ||
| 2002 | $168.48M | -263.8% | +$271.35M | ||
| 2001 | -$102.87M | -531.1% | -$126.73M | ||
| 2000 | $23.86M | -71.6% | -$60.13M | ||
| 1999 | $83.99M | -14.1% | -$13.84M | ||
| 1998 | $97.82M | -67.3% | -$201.08M | ||
| 1997 | $298.90M | -18.5% | -$67.80M | ||
| 1996 | $366.70M | +6.7% | +$23.10M | ||
| 1995 | $343.60M | +72.7% | +$144.60M | ||
| 1994 | $199.00M | +18.7% | +$31.40M | ||
| 1993 | $167.60M | -8.6% | -$15.80M | ||
| 1992 | $183.40M | +0.2% | +$300,000 | ||
| 1991 | $183.10M | +166.1% | +$114.30M | ||
| 1990 | $68.80M | -19.4% | -$16.60M | ||
| 1989 | $85.40M | +22.9% | +$15.90M | ||
| 1988 | $69.50M | +70.8% | +$28.80M | ||
| 1987 | $40.70M | +15.0% | +$5.30M | ||
| 1986 | $35.40M | +56.6% | +$12.80M | ||
| 1985 | $22.60M | — | — |
Gross Profit values are taken from Markel's reported income statements (10-Q quarterly and 10-K annual filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the date the filing was reported; YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
Analysis
As of the 2025 fiscal year, Markel (MKL) reported gross profit of $11.51B – grew 24.1% year-over-year.
Markel gross profit has grown for 3 consecutive years, with a +27.8% compound annual growth rate over 2020–2025 (5 years).
Across the available history, gross profit reached its high of $11.51B in 2025 and its low of -$102.87M in 2001.
Markel (MKL) sits 9th of 8 Financial Services peers we track on this metric, against a peer median of $72.83B.
Markel Gross Profit by Year
Markel Gross Profit 2025: $11.51B
Markel gross profit in 2025 was $11.51B, grew 24.1% from 2024. This figure represents the highest annual value in the available history.
Markel Gross Profit 2024: $9.27B
Markel gross profit in 2024 was $9.27B, grew 14.8% from 2023.
Markel Gross Profit 2023: $8.08B
Markel gross profit in 2023 was $8.08B, surged 137.3% from 2022.
Markel Gross Profit 2022: $3.41B
Markel gross profit in 2022 was $3.41B, plunged 42.2% below 2021.
Markel Gross Profit 2021: $5.89B
Markel gross profit in 2021 was $5.89B.
See more financial history for Markel (MKL).
Sector peers — Gross Profit
Companies in the same sector as Markel, ranked by their latest gross profit.
| Company | Gross Profit | Sector |
|---|---|---|
| JPMorgan Chase (JPM) | $167.61B | Financial Services |
| Bank of America (BAC) | $107.42B | Financial Services |
| Berkshire Hathaway (BRK-B) | $87.78B | Financial Services |
| Wells Fargo (WFC) | $80.04B | Financial Services |
| Morgan Stanley (MS) | $65.62B | Financial Services |
| Goldman Sachs (GS) | $59.40B | Financial Services |
| Visa (V) | $32.15B | Financial Services |
| Mastercard (MA) | $27.36B | Financial Services |
Frequently asked questions
What is Markel's gross profit?
Latest reported gross profit for Markel (MKL) is $10.18B (period ending March 31, 2026).
How has Markel gross profit changed year-over-year?
Markel (MKL) gross profit changed +24.1% year-over-year on the latest annual filing.
What is the long-term growth rate of Markel gross profit?
Markel (MKL) gross profit compound annual growth rate is +27.8% over the most recent 5 years available.
When did Markel gross profit hit its highest annual value?
Markel gross profit reached its highest annual value of $11.51B in 2025.
What was Markel gross profit in 2024?
Markel (MKL) gross profit in 2024 was $9.27B.
What was Markel gross profit in 2025?
Markel (MKL) gross profit in 2025 was $11.51B.
MKL Key Financials
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