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Markel MKL Total costs & expenses

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Other financials

Income statement

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Revenue$4.0B-12.7%
Operating income$1.6B+40.9%
Net income$1.2B+77.9%
EPS (diluted)$92.76+86.8%

Balance sheet

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Cash & equivalents$3.4B-8.0%
Total debt$4.4B+0.1%
Total equity$19.0B+9.7%
Total assets$71.3B+6.7%

Cash flow

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Operating cash flow$428.9M-15.0%
CapEx$44.3M-12.5%
Free cash flow$384.5M-15.3%

Valuation

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Market cap$23.32B-5.3%
Enterprise value$24.27B-4.0%
P/E10.2×-0.8×
P/S1.5×0.0×

Profitability

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Operating margin19.9%-0.5pp
Net margin14.7%+1.2pp
FCF margin13.7%+1.2pp

Returns & leverage

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Return on equity12.6%-0.9pp
Debt / equity0.2×0.0×

Where this comes from

Reported directly by Markel in its filing.

Tagged under the XBRL concept us-gaap:CostsAndExpenses.

The source filing: Markel’s 10-Q, filed July 29, 2026.

Filed
Jul 29, 2026, 4:31 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001096343-26-000064
Line itemQuarter Ended June 30, 2026Quarter Ended June 30, 2025Six Months Ended June 30, 2026Six Months Ended June 30, 2025
Products expenses723,458707,3811,240,8881,207,289
Services and other expenses935,896674,5871,564,6801,242,215
Amortization of acquired intangible assets43,30151,21386,81498,155
Total Operating Expenses3,625,6173,495,4266,721,9896,612,007
Operating Income1,560,3451,107,3401,287,0161,389,864
Interest expense(52,390)(53,076)(103,276)(105,216)
Net foreign exchange gains (losses)10,378(191,909)64,655(264,542)
Income Before Income Taxes1,518,333862,3551,248,3951,020,106

Item 1. FINANCIAL STATEMENTS

FAQ

What is Markel's total costs & expenses?
Markel (MKL) reported total costs & expenses of $3.63B in Q2 2026.
How has Markel's total costs & expenses changed year-over-year?
Markel's total costs & expenses increased by 3.7% year-over-year, from $3.5B to $3.63B.
What is the long-term trend for Markel's total costs & expenses?
Over 4 years (2021 to 2025), Markel's total costs & expenses has grown at a 8.7% compound annual growth rate (CAGR), from $9.6B to $13.39B.
What does total costs & expenses mean?
This metric represents the aggregate sum of all operating and non-operating costs incurred by the company to generate revenue during a reporting period. It encompasses insurance-related loss expenses, underwriting costs, product manufacturing expenses, and service-related operational outlays. Monitoring this figure is essential for evaluating the company's overall cost structure and operational efficiency across its diverse business segments.

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