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Markel MKL Services — Revenue

Other product segments

Management Fees
$41.55M+60.6%

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Other financials

Income statement

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Revenue$3.6B+0.1%
Operating income-$273.3M-197%
Net income-$212.3M-274%
EPS (diluted)-$18.90-256%

Balance sheet

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Cash & equivalents$3.7B-12.2%
Total debt$4.4B-0.2%
Total equity$18.1B+5.7%
Total assets$68.6B+6.2%

Cash flow

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Operating cash flow$15.9M-95.8%
CapEx$47.3M+16.1%
Free cash flow-$31.4M-109%

Valuation

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Market cap$24.44B-2.1%
Enterprise value$25.14B-1.8%
P/E13.8×+2.6×
P/S1.5×-0.1×

Profitability

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Operating margin16.4%-1.7pp
Net margin11%-1.6pp
FCF margin13.6%-0.8pp

Returns & leverage

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Return on equity10.1%-1.2pp
Debt / equity0.2×0.0×

Where this comes from

Reported directly by Markel in its filing.

Tagged under the XBRL concept us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.

The official record: Markel’s 10-Q, filed April 28, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Markel's services — revenue?
Markel (MKL) reported services — revenue of $546.43M in Q1 2026.
How has Markel's services — revenue changed year-over-year?
Markel's services — revenue increased by 7.0% year-over-year, from $510.75M to $546.43M.
What is the long-term trend for Markel's services — revenue?
Over 4 years (2021 to 2025), Markel's services — revenue has grown at a 6.5% compound annual growth rate (CAGR), from $1.97B to $2.54B.
What does services — revenue mean?
This metric represents the total revenue recognized from contracts with customers within the company's non-insurance services segment. It captures the inflow of economic benefits derived from the sale of goods or the provision of services outside of the core underwriting operations. This figure is a key indicator of the growth and scale of the company's diversified business holdings.