Mgic Investment (MTG) Operating Expenses (2009 - 2026)
Mgic Investment's (MTG) quarterly Operating Expenses came in at $90.2 million in Q1 2026, up 26.13% year-on-year from $71.6 million in Q1 2025, and up 5.01% quarter-over-quarter from $85.9 million in Q4 2025.
Mgic Investment (MTG) Operating Expenses (2009 - 2026) Analysis & Trends
Mgic Investment's Operating Expenses history runs 18 years deep, the most recent figure standing at $90.2 million for Q1 2026.
- On a quarterly basis, Operating Expenses rose 26.13% year-over-year to $90.2 million in Q1 2026; TTM through Mar 2026 was $303.8 million, a 28.68% increase from a year earlier, with the FY2025 full-year figure at $285.1 million, up 19.28% from the prior year.
- Operating Expenses climbed to $90.2 million in Q1 2026 per MTG's latest filing, from $85.9 million in the prior quarter.
- Across five years, Operating Expenses topped out at $90.2 million in Q1 2026 and bottomed at -$22.8 million in Q2 2022.
- The 5-year median for Operating Expenses is $62.1 million (2023), against an average of $55.9 million.
- Across the five-year window, Operating Expenses plunged 122.36% in 2022 and jumped 389.31% in 2023, its largest moves.
- Year by year, Operating Expenses stood at $51.8 million in 2022, then rose by 4.43% to $54.1 million in 2023, then advanced by 23.33% to $66.7 million in 2024, then rose by 28.79% to $85.9 million in 2025, then climbed by 5.01% to $90.2 million in 2026.
- Per Business Quant, the three latest MTG Operating Expenses figures stand at $90.2 million (Q1 2026), $85.9 million (Q4 2025), and $69.4 million (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Fidelity National Financial | 13.08 Bn | 10.42 Bn | 3.16 Bn | 2.73 Bn |
| 2 | Axis Capital Holdings | 8.50 Bn | 7.97 Bn | 613.18 Mn | 1.34 Bn |
| 3 | First American Financial | 7.10 Bn | 4.22 Bn | 1.77 Bn | 1.83 Bn |
| 4 | Enact Holdings | 6.51 Bn | 5.96 Bn | 205.69 Mn | 98.69 Mn |
| 5 | Mgic Investment | 6.26 Bn | 6.23 Bn | 263.84 Mn | 90.25 Mn |
| 6 | Essent | 6.05 Bn | 6.05 Bn | 211.88 Mn | 129.35 Mn |
| 7 | Radian | 5.96 Bn | 5.91 Bn | 304.36 Mn | 2.23 Mn |
| 8 | Assured Guaranty | 3.78 Bn | 3.28 Bn | 65.00 Mn | 227.00 Mn |
| 9 | NMI Holdings | 3.17 Bn | 3.10 Bn | 134.15 Mn | 58.53 Mn |
| 10 | Employers Holdings | 957.12 Mn | 620.72 Mn | 51.80 Mn | 194.80 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 90.25 Mn |
| Dec 31, 2025 | 85.95 Mn |
| Sep 30, 2025 | 69.44 Mn |
| Jun 30, 2025 | 58.16 Mn |
| Mar 31, 2025 | 71.55 Mn |
| Dec 31, 2024 | 66.74 Mn |
| Sep 30, 2024 | 52.35 Mn |
| Jun 30, 2024 | 45.45 Mn |
| Mar 31, 2024 | 74.48 Mn |
| Dec 31, 2023 | 54.11 Mn |
| Sep 30, 2023 | 62.11 Mn |
| Jun 30, 2023 | 48.29 Mn |
| Mar 31, 2023 | 88.36 Mn |
| Dec 31, 2022 | 51.82 Mn |
| Sep 30, 2022 | -21.47 Mn |
| Jun 30, 2022 | -22.78 Mn |
| Mar 31, 2022 | 75.18 Mn |
| Dec 31, 2021 | 75.56 Mn |
| Sep 30, 2021 | 96.01 Mn |
| Jun 30, 2021 | 103.98 Mn |