Mgic Investment (MTG) Operating Expenses (2009 - 2026)
Mgic Investment (MTG) posted quarterly Operating Expenses of $65.5 million for Q2 2026, up 12.56% year-over-year from $58.2 million in Q2 2025, and down 27.47% quarter-over-quarter from $90.2 million in Q1 2026.
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 $65.5 million for Q2 2026.
- In Q2 2026, Operating Expenses rose 12.56% year-over-year to $65.5 million; the TTM figure through Jun 2026 stood at $311.1 million (up 25.04% YoY), while the FY2025 annual figure was $285.1 million, up 19.28% from the prior year.
- Operating Expenses for Q2 2026 stood at $65.5 million, down from $90.2 million in the prior quarter.
- The five-year high for Operating Expenses was $90.2 million in Q1 2026, with the low at -$22.8 million in Q2 2022.
- The 5-year median for Operating Expenses is $63.8 million (2023), against an average of $56.4 million.
- The sharpest annual moves came in 2022 and 2023: Operating Expenses tumbled 122.36% in 2022, then jumped 389.31% in 2023.
- Mgic Investment's Operating Expenses stood at $51.8 million in 2022, then increased by 4.43% to $54.1 million in 2023, then gained by 23.33% to $66.7 million in 2024, then increased by 28.79% to $85.9 million in 2025, then fell by 23.84% to $65.5 million in 2026.
- Business Quant data shows MTG's Operating Expenses at $65.5 million in Q2 2026, $90.2 million in Q1 2026, and $85.9 million in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Fidelity National Financial | 12.65 Bn | 8.08 Bn | 3.59 Bn | 3.71 Bn |
| 2 | First American Financial | 7.36 Bn | 4.25 Bn | 1.77 Bn | 1.83 Bn |
| 3 | Axis Capital Holdings | 7.25 Bn | 6.47 Bn | 819.78 Mn | 1.44 Bn |
| 4 | Enact Holdings | 6.85 Bn | 6.36 Bn | 284.04 Mn | 97.34 Mn |
| 5 | Mgic Investment | 6.47 Bn | 6.25 Bn | 284.40 Mn | 65.46 Mn |
| 6 | Essent | 6.18 Bn | 6.18 Bn | 313.73 Mn | 132.37 Mn |
| 7 | Ryan Specialty Holdings | 5.43 Bn | 5.29 Bn | - | 736.33 Mn |
| 8 | Radian | 4.96 Bn | 4.22 Bn | 380.01 Mn | 424.24 Mn |
| 9 | NMI Holdings | 3.42 Bn | 3.35 Bn | 157.40 Mn | 50.95 Mn |
| 10 | Assured Guaranty | 3.29 Bn | -506.61 Mn | 156.00 Mn | 135.00 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 65.46 Mn |
| 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 |