Shares Outstanding for Markel (MKL)
According to Markel's latest reported financial statements, the company's latest reported diluted shares outstanding is 11.23M. Diluted weighted-average shares outstanding is the share count used to compute per-share metrics like EPS. Buybacks lower it; new issuance, stock-based compensation, and convertible securities raise it. Multiply by the stock price for market capitalization.
Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .
MKL
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Latest period
11.23M
YoY change
-2.4%
5Y CAGR
-1.6%
Peak year (2016)
14.08M
Latest annual
12.73M
Shares Outstanding history chart for Markel (MKL) from 1985 to 2025
Shares Outstanding history table for Markel (MKL) from 1985 to 2025
| Fiscal year | Period ended | Reported | Shares Outstanding | YoY | YoY change |
|---|---|---|---|---|---|
| 2025 | 12.73M | -2.4% | -311,000 | ||
| 2024 | 13.04M | -2.5% | -337,000 | ||
| 2023 | 13.38M | -1.5% | -202,000 | ||
| 2022 | 13.58M | -1.6% | -220,000 | ||
| 2021 | 13.80M | -0.2% | -23,000 | ||
| 2020 | 13.82M | -0.4% | -58,000 | ||
| 2019 | 13.88M | -0.3% | -42,000 | ||
| 2018 | 13.92M | -0.6% | -83,000 | ||
| 2017 | 14.01M | -0.5% | -72,000 | ||
| 2016 | 14.08M | +0.1% | +17,000 | ||
| 2015 | 14.06M | +0.0% | +4,000 | ||
| 2014 | 14.06M | +11.7% | +1.47M | ||
| 2013 | 12.59M | +28.9% | +2.83M | ||
| 2012 | 9.76M | +0.4% | +34,593 | ||
| 2011 | 9.73M | -0.6% | -57,388 | ||
| 2010 | 9.78M | -0.4% | -42,612 | ||
| 2009 | 9.83M | +0.1% | +12,000 | ||
| 2008 | 9.81M | -1.7% | -167,000 | ||
| 2007 | 9.98M | +0.2% | +19,020 | ||
| 2006 | 9.96M | -0.3% | -32,277 | ||
| 2005 | 9.99M | -0.9% | -85,694 | ||
| 2004 | 10.08M | +0.5% | +49,325 | ||
| 2003 | 10.03M | +1.9% | +184,351 | ||
| 2002 | 9.85M | +15.4% | +1.31M | ||
| 2001 | 8.53M | +23.4% | +1.62M | ||
| 2000 | 6.92M | +22.6% | +1.27M | ||
| 1999 | 5.64M | +0.1% | +7,303 | ||
| 1998 | 5.63M | -0.3% | -16,694 | ||
| 1997 | 5.65M | +0.4% | +23,224 | ||
| 1996 | 5.63M | -0.1% | -6,000 | ||
| 1995 | 5.63M | +0.8% | +47,414 | ||
| 1994 | 5.59M | +0.1% | +6,390 | ||
| 1993 | 5.58M | +1.1% | +61,955 | ||
| 1992 | 5.52M | +3.4% | +183,908 | ||
| 1991 | 5.33M | -1.8% | -95,238 | ||
| 1990 | 5.43M | +3.1% | +161,395 | ||
| 1989 | 5.27M | +11.7% | +551,019 | ||
| 1988 | 4.72M | +9.5% | +409,588 | ||
| 1987 | 4.31M | +18.9% | +684,522 | ||
| 1986 | 3.62M | -0.4% | -14,317 | ||
| 1985 | 3.64M | — | — |
Shares Outstanding 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 diluted shares outstanding of 12.73M – edged down 2.4% year-over-year.
Markel diluted shares outstanding compound annual growth for the 2020–2025 (5 years) window is -1.6%, with a net decline across the window.
Markel diluted shares outstanding declined from 14.08M in 2016 to 12.73M in 2025, a 9.6% drawdown.
14.08M stands as the all-time-high annual diluted shares outstanding, posted in 2016, against a low of 3.62M during 1986.
Among 8 Financial Services peers, Markel (MKL) ranks 9th; the peer median for diluted shares outstanding is 2.06B.
Markel Shares Outstanding by Year
Markel Shares Outstanding 2025: 12.73M
Markel diluted shares outstanding in 2025 was 12.73M, edged down 2.4% below 2024.
Markel Shares Outstanding 2024: 13.04M
Markel diluted shares outstanding in 2024 was 13.04M, edged down 2.5% below 2023.
Markel Shares Outstanding 2023: 13.38M
Markel diluted shares outstanding in 2023 was 13.38M, edged down 1.5% below 2022.
Markel Shares Outstanding 2022: 13.58M
Markel diluted shares outstanding in 2022 was 13.58M, edged down 1.6% below 2021.
Markel Shares Outstanding 2021: 13.80M
Markel diluted shares outstanding in 2021 was 13.80M.
See more financial history for Markel (MKL).
Sector peers — Shares Outstanding
Companies in the same sector as Markel, ranked by their latest diluted shares outstanding.
| Company | Shares Outstanding | Sector |
|---|---|---|
| Bank of America (BAC) | 7.55B | Financial Services |
| Wells Fargo (WFC) | 3.22B | Financial Services |
| JPMorgan Chase (JPM) | 2.79B | Financial Services |
| Berkshire Hathaway (BRK-B) | 2.16B | Financial Services |
| Visa (V) | 1.97B | Financial Services |
| Morgan Stanley (MS) | 1.59B | Financial Services |
| Mastercard (MA) | 898.00M | Financial Services |
| Goldman Sachs (GS) | 317.60M | Financial Services |
Frequently asked questions
What is Markel's diluted shares outstanding?
Latest reported diluted shares outstanding for Markel (MKL) is 11.23M (period ending March 31, 2026).
How has Markel diluted shares outstanding changed year-over-year?
Markel (MKL) diluted shares outstanding changed -2.4% year-over-year on the latest annual filing.
What is the long-term growth rate of Markel diluted shares outstanding?
Markel (MKL) diluted shares outstanding compound annual growth rate is -1.6% over the most recent 5 years available.
When did Markel diluted shares outstanding hit its highest annual value?
Markel diluted shares outstanding reached its highest annual value of 14.08M in 2016.
What was Markel diluted shares outstanding in 2024?
Markel (MKL) diluted shares outstanding in 2024 was 13.04M.
What was Markel diluted shares outstanding in 2025?
Markel (MKL) diluted shares outstanding in 2025 was 12.73M.
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