How does Markel (MKL) make money?

Markel (MKL) primarily makes money through Markel Ventures, which accounts for 100% of total revenue. For TTM through Q1 2026, Markel generated $16.57B in total revenue with a net profit margin of 10.7%.

What is Markel (MKL) gross profit margin?

Markel (MKL) reported a gross profit margin of 61.4% for TTM through Q1 2026, equivalent to $10.18B in gross profit. This means Markel retains 61.4% of each revenue unit after direct costs of production.

What is Markel (MKL) operating profit margin?

Markel (MKL) reported an operating profit margin of 13.9% for TTM through Q1 2026, equivalent to $2.30B in operating profit. This reflects profitability after operating expenses such as R&D, sales, and administration, but before taxes and non-operating items.

What is Markel (MKL) net profit margin?

Markel (MKL) reported a net profit margin of 10.7% for TTM through Q1 2026, equivalent to $1.77B in net profit. This is the share of revenue that remains as profit after all expenses, taxes, and non-operating items.

How much does Markel (MKL) spend on capital expenditures?

Markel (MKL) spent $213.45M on capital expenditures in TTM through Q1 2026 (1.3% of total revenue). Capital expenditures represent investments in physical assets such as property, equipment, and infrastructure.

What is Markel (MKL) free cash flow?

Markel (MKL) generated $2.19B in free cash flow for TTM through Q1 2026 (13.2% of total revenue). Free cash flow is the cash remaining after capital expenditures and represents the company's ability to fund growth, pay dividends, or reduce debt.

What is Markel (MKL) effective tax rate?

Markel (MKL) had an effective tax rate of 21.1% for TTM through Q1 2026. This is the actual percentage of pre-tax income paid as income taxes.

How Markel (MKL) Makes Money: A Visual Guide

Markel (MKL) generated $16.57B in revenue, earning $1.77B in net profit (10.7% margin). Its largest revenue source is Markel Ventures (100% of revenue). Below is an interactive breakdown of how revenue flows through the income statement.

Markel (MKL) Income Statement Flow — TTM through Q1 2026

Calculated from the four most recent reported quarters, ending March 31, 2026.

Frequently asked questions

How does Markel (MKL) make money?: Markel (MKL) primarily makes money through Markel Ventures, which accounts for 100% of total revenue. For TTM through Q1 2026, Markel generated $16.57B in total revenue with a net profit margin of 10.7%.
What is Markel (MKL) gross profit margin?: Markel (MKL) reported a gross profit margin of 61.4% for TTM through Q1 2026, equivalent to $10.18B in gross profit. This means Markel retains 61.4% of each revenue unit after direct costs of production.
What is Markel (MKL) operating profit margin?: Markel (MKL) reported an operating profit margin of 13.9% for TTM through Q1 2026, equivalent to $2.30B in operating profit. This reflects profitability after operating expenses such as R&D, sales, and administration, but before taxes and non-operating items.
What is Markel (MKL) net profit margin?: Markel (MKL) reported a net profit margin of 10.7% for TTM through Q1 2026, equivalent to $1.77B in net profit. This is the share of revenue that remains as profit after all expenses, taxes, and non-operating items.
How much does Markel (MKL) spend on capital expenditures?: Markel (MKL) spent $213.45M on capital expenditures in TTM through Q1 2026 (1.3% of total revenue). Capital expenditures represent investments in physical assets such as property, equipment, and infrastructure.
What is Markel (MKL) free cash flow?: Markel (MKL) generated $2.19B in free cash flow for TTM through Q1 2026 (13.2% of total revenue). Free cash flow is the cash remaining after capital expenditures and represents the company's ability to fund growth, pay dividends, or reduce debt.
What is Markel (MKL) effective tax rate?: Markel (MKL) had an effective tax rate of 21.1% for TTM through Q1 2026. This is the actual percentage of pre-tax income paid as income taxes.

Data & methodology

What is a Sankey diagram?: A Sankey diagram shows how money flows through a company from revenue to net profit. The width of each flow represents its proportion.
How is the data calculated?: We use the income statement from company filings. For TTM (Trailing Twelve Months), we use a pre-aggregated twelve-month view aligned with our latest four quarterly periods. Revenue flows to cost of revenue and gross profit, then to operating expenses (R&D, S&M, G&A) and operating profit.
Where do segment and geographic numbers come from?: Product-segment shares come from the same TTM income statement that powers the Sankey chart. Geographic splits are first rebuilt from the four most recent quarterly geographic-segmentation filings so they align with the same TTM window; if quarterly geo data is missing, we fall back to the latest annual disclosure (the table heading shows which one is in use).
When was this data last updated?: Based on company filings through TTM through Q1 2026.