TTM
13.9%
YoY change
−5.24pp
Trough year (2001)
-13.0%
Peak year (1987)
99.3%
Latest annual
16.5%
Operating Margin history chart for Markel (MKL) from 1985 to 2025
Latest: 16.5%
Operating Margin change chart for Markel (MKL) from 1985 to 2025
Latest: −5.24pp
Operating Margin history table for Markel (MKL) from 1985 to 2025
| 2025 | 16.5% | -5.24pp | ||
| 2024 | 21.7% | +4.83pp | ||
| 2023 | 16.9% | +18.17pp | ||
| 2022 | -1.3% | -25.51pp | ||
| 2021 | 24.2% | +13.85pp | ||
| 2020 | 10.4% | -13.63pp | ||
| 2019 | 24.0% | +24.12pp | ||
| 2018 | -0.1% | -1.55pp | ||
| 2017 | 1.4% | -9.79pp | ||
| 2016 | 11.2% | -2.59pp | ||
| 2015 | 13.8% | +5.24pp | ||
| 2014 | 8.6% | +0.21pp | ||
| 2013 | 8.4% | -2.03pp | ||
| 2012 | 10.4% | +3.17pp | ||
| 2011 | 7.2% | -6.05pp | ||
| 2010 | 13.3% | +3.68pp | ||
| 2009 | 9.6% | +17.69pp | ||
| 2008 | -8.1% | -31.12pp | ||
| 2007 | 23.0% | +1.06pp | ||
| 2006 | 22.0% | +13.52pp | ||
| 2005 | 8.5% | -1.45pp | ||
| 2004 | 9.9% | +1.22pp | ||
| 2003 | 8.7% | +2.03pp | ||
| 2002 | 6.6% | +19.69pp | ||
| 2001 | -13.0% | -8.30pp | ||
| 2000 | -4.7% | -14.93pp | ||
| 1999 | 10.2% | -7.50pp | ||
| 1998 | 17.7% | -48.84pp | ||
| 1997 | 66.5% | -31.28pp | ||
| 1996 | 97.8% | +0.29pp | ||
| 1995 | 97.5% | +29.13pp | ||
| 1994 | 68.4% | -0.57pp | ||
| 1993 | 69.0% | +0.79pp | ||
| 1992 | 68.2% | -13.20pp | ||
| 1991 | 81.4% | +22.03pp | ||
| 1990 | 59.4% | +16.71pp | ||
| 1989 | 42.6% | -53.91pp | ||
| 1988 | 96.5% | -2.72pp | ||
| 1987 | 99.3% | +99.26pp | ||
| 1986 | 0.0% | 0.00pp | ||
| 1985 | 0.0% | — |
- 202516.5%-5.24pp
- 202421.7%+4.83pp
- 202316.9%+18.17pp
- 2022-1.3%-25.51pp
- 202124.2%+13.85pp
- 202010.4%-13.63pp
- 201924.0%+24.12pp
- 2018-0.1%-1.55pp
- 20171.4%-9.79pp
- 201611.2%-2.59pp
- 201513.8%+5.24pp
- 20148.6%+0.21pp
- 20138.4%-2.03pp
- 201210.4%+3.17pp
- 20117.2%-6.05pp
- 201013.3%+3.68pp
- 20099.6%+17.69pp
- 2008-8.1%-31.12pp
- 200723.0%+1.06pp
- 200622.0%+13.52pp
- 20058.5%-1.45pp
- 20049.9%+1.22pp
- 20038.7%+2.03pp
- 20026.6%+19.69pp
- 2001-13.0%-8.30pp
- 2000-4.7%-14.93pp
- 199910.2%-7.50pp
- 199817.7%-48.84pp
- 199766.5%-31.28pp
- 199697.8%+0.29pp
- 199597.5%+29.13pp
- 199468.4%-0.57pp
- 199369.0%+0.79pp
- 199268.2%-13.20pp
- 199181.4%+22.03pp
- 199059.4%+16.71pp
- 198942.6%-53.91pp
- 198896.5%-2.72pp
- 198799.3%+99.26pp
- 19860.0%0.00pp
- 19850.0%—
Operating Margin values are taken from Markel's reported income statements (quarterly 10-Q and annual 10-K filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the filing date. YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
About Operating Margin at Markel (MKL)
According to Markel's latest reported financial statements, the company's latest reported operating margin is 13.9%. Operating margin is operating income divided by revenue — the share of each sales dollar left after cost of goods sold and operating expenses (SG&A, R&D), but before interest and taxes. It isolates how profitable the core business is before financing and tax decisions, so it is comparable across companies with different capital structures.
Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .
Markel (MKL) most recent annual operating margin stands at 16.47% (2025) – contracted 5.2 percentage points year-over-year.
The record annual operating margin stands at 99.26%, reached in 1987; the historical low of -13.04% was recorded in 2001.
Markel Operating Margin by Year
Markel Operating Margin 2025: 16.5%
2025's operating margin for Markel came in at 16.47%, contracted 5.2 percentage points from 2024.
Markel Operating Margin 2024: 21.7%
Markel posted operating margin of 21.72% in 2024, expanded 4.8 percentage points from 2023.
Markel Operating Margin 2023: 16.9%
In 2023, Markel reported operating margin of 16.89%, expanded 18.2 percentage points from 2022.
Markel Operating Margin 2022: -1.3%
Markel operating margin in 2022 was -1.28%, contracted 25.5 percentage points from 2021.
Markel Operating Margin 2021: 24.2%
Markel operating margin in 2021 was 24.23%.
See more financial history for Markel (MKL).
Sector peers by Operating Margin
Financial Services peers of Markel (MKL), ranked by their latest operating margin
| 61.1% | |
| 59.4% | |
| 26.2% | |
| 22.9% | |
| 20.5% | |
| 20.5% | |
| 19.5% | |
| 16.1% |
- 61.1%
- 59.4%
- 26.2%
- 20.5%
- 20.5%
- 19.5%
Frequently asked questions
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