Mgic Investment (MTG) Operating Margin (2009 - 2026)
Mgic Investment (MTG) posted quarterly Operating Margin of 20.13% for Q2 2026, up 8.0% year-over-year from 18.64% in Q2 2025, and down 3.14% quarter-over-quarter from 20.78% in Q1 2026.
Mgic Investment (MTG) Operating Margin (2009 - 2026) Analysis & Trends
Mgic Investment's Operating Margin history runs 18 years deep, the most recent figure standing at 20.13% for Q2 2026.
- In Q2 2026, Operating Margin rose 8.0% year-over-year to 20.13%; the TTM figure through Jun 2026 stood at 20.49% (up 32.0% YoY), while the FY2025 annual figure was 20.29%, up 3.0% from the prior year.
- Operating Margin for Q2 2026 stood at 20.13%, down from 20.78% in the prior quarter.
- The five-year high for Operating Margin was 20.78% in Q1 2026, with the low at 12.99% in Q1 2022.
- The 5-year median for Operating Margin is 20.1% (2025), against an average of 18.59%.
- The sharpest annual moves came in 2023 and 2025: Operating Margin soared 449 bps in 2023, then fell 23 bps in 2025.
- Mgic Investment's Operating Margin stood at 15.86% in 2022, then climbed by 28 bps to 20.36% in 2023, then retreated by 0 bps to 20.34% in 2024, then rose by 1 bps to 20.63% in 2025, then declined by 2 bps to 20.13% in 2026.
- Business Quant data shows MTG's Operating Margin at 20.13% in Q2 2026, 20.78% in Q1 2026, and 20.63% in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Fidelity National Financial | 12.71 Bn | 8.14 Bn | 3.59 Bn | 20.02% |
| 2 | First American Financial | 7.40 Bn | 4.28 Bn | 1.77 Bn | 8.68% |
| 3 | Axis Capital Holdings | 7.28 Bn | 6.49 Bn | 819.78 Mn | -35.20% |
| 4 | Enact Holdings | 6.86 Bn | 6.36 Bn | 284.04 Mn | 23.07% |
| 5 | Mgic Investment | 6.46 Bn | 6.23 Bn | 284.40 Mn | 20.13% |
| 6 | Essent | 6.22 Bn | 6.22 Bn | 313.73 Mn | 16.99% |
| 7 | Ryan Specialty Holdings | 5.38 Bn | 5.24 Bn | - | 19.67% |
| 8 | Radian | 4.96 Bn | 4.22 Bn | 380.01 Mn | 12.99% |
| 9 | NMI Holdings | 3.45 Bn | 3.37 Bn | 157.40 Mn | 16.14% |
| 10 | Assured Guaranty | 3.29 Bn | -503.07 Mn | 156.00 Mn | 50.26% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 20.13% |
| Mar 31, 2026 | 20.78% |
| Dec 31, 2025 | 20.63% |
| Sep 30, 2025 | 20.43% |
| Jun 30, 2025 | 20.05% |
| Mar 31, 2025 | 20.06% |
| Dec 31, 2024 | 20.34% |
| Sep 30, 2024 | 20.25% |
| Jun 30, 2024 | 20.14% |
| Mar 31, 2024 | 20.30% |
| Dec 31, 2023 | 20.36% |
| Sep 30, 2023 | 18.68% |
| Jun 30, 2023 | 18.01% |
| Mar 31, 2023 | 17.33% |
| Dec 31, 2022 | 15.86% |
| Sep 30, 2022 | 14.53% |
| Jun 30, 2022 | 13.75% |
| Mar 31, 2022 | 12.99% |
| Dec 31, 2021 | 13.31% |
| Sep 30, 2021 | 12.94% |