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Magic Software Enterprises (MGIC) Tax Provisions (2016 - 2025)

Historic Tax Provisions for Magic Software Enterprises (MGIC) over the last 17 years, with Q2 2025 value amounting to $3.3 million.

  • Magic Software Enterprises' Tax Provisions rose 934.21% to $3.3 million in Q2 2025 from the same period last year, while for Jun 2025 it was -$5.8 billion, marking a year-over-year decrease of 17774.1%. This contributed to the annual value of $11.3 million for FY2024, which is 1403.26% up from last year.
  • As of Q2 2025, Magic Software Enterprises' Tax Provisions stood at $3.3 million, which was up 934.21% from -$9.0 billion recorded in Q4 2024.
  • Over the past 5 years, Magic Software Enterprises' Tax Provisions peaked at $3.6 billion during Q2 2022, and registered a low of -$9.0 billion during Q4 2024.
  • Moreover, its 5-year median value for Tax Provisions was $1.8 billion (2022), whereas its average is $919.1 million.
  • Per our database at Business Quant, Magic Software Enterprises' Tax Provisions soared by 11102115.73% in 2022 and then crashed by 62382.09% in 2024.
  • Quarter analysis of 5 years shows Magic Software Enterprises' Tax Provisions stood at $3.5 million in 2021, then surged by 53307.79% to $1.9 billion in 2022, then fell by 7.56% to $1.7 billion in 2023, then tumbled by 623.82% to -$9.0 billion in 2024, then surged by 100.04% to $3.3 million in 2025.
  • Its Tax Provisions was $3.3 million in Q2 2025, compared to -$9.0 billion in Q4 2024 and $3.3 billion in Q3 2024.