Also trades as: 0JYM.L (LSE) · $vol 0M

$1,858.62

-15.38 (-0.82%)

Weekly Expected Move ±2.5%

$1778 $1825 $1872 $1919 $1965

NYSE · Financial Services · Insurance - Property & Casualty · Tech Score Buy · Power 71 · $23.0B mcap · 12M float · 0.572% daily turnover · Short 55% of daily vol

Credit Risk of going bust: not rated, financial company (lending is its business) Bonds: $66.2M held by 126 funds, 102 bp over Treasuries → details ▾

Not rated: lending and leverage are a financial company's business, which the model misreads.
Bond figures are fund-reported marks (SEC N-PORT) as of Jul 2026. How these are computed.

Revenue Segmentation

By Product / Service

Revenue by Segment (5-Year Trend)

Income Trends

Revenue

$16.6B -1.0% ▼

5Y CAGR: +11.5%

Gross Profit

$11.5B +24.1% ▲

5Y CAGR: +27.8%

Operating Income

$2.7B -24.9% ▼

5Y CAGR: +22.3%

Net Income

$2.1B -23.3% ▼

5Y CAGR: +20.9%

EPS (Diluted)

$169.22 -15.1% ▼

5Y CAGR: +24.9%

EBITDA

$2.9B -29.8% ▼

5Y CAGR: +14.6%

Profit Margins

Year-over-Year Growth

View Full Income Statement

Line Item	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	$12.9B	$11.8B	$15.7B	$16.8B	$16.6B
YoY Growth	+34.0%	-8.6%	+33.0%	+5.8%	-1.0%
Cost of Revenue	$7.0B	$8.4B	$7.6B	$7.5B	$5.1B
Gross Profit	$5.9B	$3.4B	$8.1B	$9.3B	$11.5B
Gross Margin	45.6%	28.8%	51.4%	55.4%	69.4%
R&D Expenses	$0	$0	$0	$0	$0
SG&A Expenses	$0	$0	$0	$0	$0
Operating Expenses	$2.8B	$3.6B	$5.4B	$5.6B	$8.8B
Operating Income	$3.1B	-$152M	$2.7B	$3.6B	$2.7B
Operating Margin	24.2%	-1.3%	16.9%	21.7%	16.5%
Interest Expense	$184M	$196M	$185M	$204M	$206M
Income Before Tax	$3.1B	-$152M	$2.7B	$3.6B	$2.7B
Tax Expense	$684M	-$48M	$553M	$790M	$580M
Net Income	$2.4B	-$216M	$2.0B	$2.7B	$2.1B
Net Margin	18.8%	-1.8%	12.7%	16.4%	12.7%
EPS (Diluted)	$176.51	$-7.45	$146.98	$199.32	$169.22
EBITDA	$3.6B	$354M	$3.2B	$4.2B	$2.9B
Shares Outstanding	14M	14M	13M	13M	13M

Line Item	FY2024 Q3	FY2024 Q4	FY2025 Q1	FY2025 Q2	FY2025 Q3	FY2025 Q4	FY2026 Q1	FY2026 Q2
Revenue	$4.5B	$4.0B	$3.3B	$4.4B	$4.4B	$4.2B	$3.6B	$5.2B
Cost of Revenue	$1.9B	$1.9B	$1.8B	$2.0B	$2.0B	$1.3B	$1.2B	$2.1B
Gross Profit	$2.6B	$2.1B	$1.5B	$2.4B	$2.4B	$2.9B	$2.4B	$3.1B
Gross Margin	57.8%	52.5%	45.2%	55.5%	55.0%	69.6%	67.1%	59.1%
R&D Expenses	$0	$0	$0	$0	$0	$0	$0	$0
SG&A Expenses	$0	$0	$0	$0	$0	$0	$1.9B	$1.7B
Operating Expenses	$1.4B	$1.4B	$1.3B	$1.6B	$1.4B	$2.2B	$2.7B	$1.6B
Operating Income	$1.2B	$724M	$158M	$862M	$978M	$734M	-$273M	$1.5B
Operating Margin	26.8%	18.0%	4.7%	19.6%	22.3%	17.4%	-7.7%	29.2%
Interest Expense	$53M	$53M	$52M	$53M	$51M	$50M	$51M	$52M
Income Before Tax	$1.2B	$724M	$158M	$862M	$978M	$734M	-$270M	$1.5B
Tax Expense	$259M	$162M	$28M	$185M	$215M	$152M	-$66M	$333M
Net Income	$905M	$549M	$122M	$657M	$751M	$577M	-$212M	$1.2B
Net Margin	20.1%	13.7%	3.7%	14.9%	17.1%	13.7%	-6.0%	22.5%
EPS (Diluted)	$66.25	$38.74	$12.08	$49.67	$59.25	$48.75	$-18.90	$92.76
EBITDA	$1.3B	$823M	$257M	$967M	$1.1B	$827M	-$230M	$1.6B
Shares Outstanding	13M	13M	13M	13M	13M	12M	11M	11M

MKL NYSE