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MKL
Markel Group Inc.Stock · Finance
$1,847.52+$10.54 (+0.57%)as of market close, Aug 14, 2026
☾ After hours:$1,847.24+0.00%3:59 PM ET
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How Markel makes money

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How does Markel make money? This Sankey traces every dollar of revenue through the income statement — into cost of revenue, R&D, SG&A, and taxes — and shows what's left as profit. Pick any fiscal year, recent quarter, or the trailing twelve months. Straight from SEC filings.

Markel Group Inc. · FY2025 · year ended 2025-12-31
Revenue$15.5BGross profit$15.5B · 100%Cost of revenue$0 · 0%Operating income$3.2B · 21%Operating expenses$12.3B · 79%Other opex$12.3B · 79%Pre-tax income$2.7B · 17%Other expense$508M · 3%Net income$2.1B · 14%Income tax$580M · 4%

Each fiscal year from SEC filings. Percentages are share of revenue, so the green profit nodes read directly as gross / operating / net margin. Line items a company doesn't break out are derived from their siblings so the flows balance; small residuals show as “Other.” For informational purposes only.