Mgic Investment (MTG) Change in Taxes (2009 - 2026)

Mgic Investment (MTG) reported Change in Taxes of -$80.6 million for Q1 2026, down 231.97% on a YoY basis from $61.1 million in Q1 2025, and down 443.54% quarter-over-quarter from $23.5 million in Q4 2025.

Mgic Investment (MTG) Change in Taxes (2009 - 2026) Analysis & Trends

Mgic Investment has reported Change in Taxes for 18 years, with the latest figure at -$80.6 million in Q1 2026.

  • For the quarter ending Q1 2026, Change in Taxes fell 231.97% year-over-year to -$80.6 million; the trailing twelve-month figure through Mar 2026 stood at -$48.5 million (down 229.37% YoY), and the FY2025 full-year result was $93.2 million, up 472.47% from the prior year.
  • Change in Taxes for Q1 2026 stood at -$80.6 million, down from $23.5 million in the prior quarter.
  • The five-year high for Change in Taxes was $61.1 million in Q1 2025, with the low at -$80.6 million in Q1 2026.
  • Historically, Change in Taxes has averaged $948647.1 across 5 years, with a median of -$2.0 million in 2023.
  • Annual changes were most pronounced in 2022 — Change in Taxes sank 48604.17% — and 2025, when it jumped 219.3%.
  • Mgic Investment's Change in Taxes stood at -$11.7 million in 2022, then surged by 82.78% to -$2.0 million in 2023, then sank by 877.15% to -$19.7 million in 2024, then jumped by 219.3% to $23.5 million in 2025, then plunged by 443.54% to -$80.6 million in 2026.
  • The last three Change in Taxes figures came in at -$80.6 million (Q1 2026), $23.5 million (Q4 2025), and $8.2 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Change in Taxes (Qtr)
1 Fidelity National Financial 12.87 Bn 10.21 Bn 2.62 Bn 167.00 Mn
2 Axis Capital Holdings 7.52 Bn 6.65 Bn - -
3 First American Financial 6.80 Bn 3.91 Bn 1.24 Bn 26.50 Mn
4 Enact Holdings 6.01 Bn 5.46 Bn 205.74 Mn -
5 Mgic Investment 5.57 Bn 5.32 Bn 202.12 Mn -80.62 Mn
6 Essent 5.47 Bn 5.47 Bn - -
7 Radian 4.74 Bn 4.66 Bn 368.17 Mn -
8 Ryan Specialty Holdings 4.62 Bn 5.05 Bn - -
9 Assured Guaranty 3.42 Bn -495.48 Mn 216.00 Mn -
10 NMI Holdings 2.82 Bn 2.75 Bn 152.85 Mn -

Historic Data

Download Data
DateValue
Mar 31, 2026 -80.62 Mn
Mar 31, 2026 -80.62 Mn
Dec 31, 2025 23.47 Mn
Dec 31, 2025 23.47 Mn
Sep 30, 2025 8.21 Mn
Sep 30, 2025 8.21 Mn
Jun 30, 2025 397,000.00
Jun 30, 2025 397,000.00
Mar 31, 2025 61.09 Mn
Mar 31, 2025 61.09 Mn
Dec 31, 2024 -19.67 Mn
Dec 31, 2024 -19.67 Mn
Sep 30, 2024 8.95 Mn
Sep 30, 2024 8.95 Mn
Jun 30, 2024 -12.85 Mn
Jun 30, 2024 -12.85 Mn
Mar 31, 2024 39.84 Mn
Mar 31, 2024 39.84 Mn
Dec 31, 2023 -2.01 Mn
Dec 31, 2023 -2.01 Mn