Growth Metrics

NMI Holdings (NMIH) Gross Margin (2013 - 2026)

NMI Holdings recorded quarterly Gross Margin of 83.31% in Q1 2026, down 3.26% quarter-over-quarter from 86.11% in Q4 2025, and down 1369.0% year-over-year from 6.56% in Q1 2025.

NMI Holdings' Gross Margin history runs 14 years deep, the most recent figure standing at 83.31% for Q1 2026.

  • In Q1 2026, Gross Margin fell 1369.0% year-over-year to 83.31%; the TTM figure through Mar 2026 stood at 85.72% (down 605.0% YoY), while the FY2025 annual figure was 90.43%, down 473.0% from the prior year.
  • Gross Margin came in at 83.31% for Q1 2026 at NMI Holdings, down from 86.11% in the prior quarter.
  • In the past five years, Gross Margin ranged from a high of 99.83% in Q2 2024 to a low of 71.73% in Q1 2022.
  • A 5-year average of 84.58% and a median of 80.73% in 2025 frame the typical range for Gross Margin.
  • On a YoY basis, Gross Margin climbed as much as 2162 bps in 2024 and fell as far as 1664 bps in 2024.
  • NMI Holdings' Gross Margin stood at 77.66% in 2022, then slipped by 0 bps to 77.65% in 2023, then climbed by 15 bps to 89.64% in 2024, then declined by 4 bps to 86.11% in 2025, then fell by 3 bps to 83.31% in 2026.
  • According to Business Quant data, Gross Margin over the past three periods registered 83.31%, 86.11%, and 80.73% for Q1 2026, Q4 2025, and Q3 2025 respectively.

Historic Data

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DateValue
Mar 31, 2026 83.31%
Dec 31, 2025 86.11%
Sep 30, 2025 80.73%
Jun 30, 2025 92.26%
Mar 31, 2025 97.00%
Dec 31, 2024 89.64%
Sep 30, 2024 79.66%
Jun 30, 2024 99.83%
Mar 31, 2024 97.30%
Dec 31, 2023 77.65%
Sep 30, 2023 96.30%
Jun 30, 2023 78.21%
Mar 31, 2023 78.82%
Dec 31, 2022 77.66%
Sep 30, 2022 77.06%
Jun 30, 2022 74.60%
Mar 31, 2022 71.73%
Dec 31, 2021 65.91%
Sep 30, 2021 69.48%
Jun 30, 2021 68.68%
Mar 31, 2021 67.83%
Dec 31, 2020 65.25%
Sep 30, 2020 65.62%
Jun 30, 2020 69.31%
Mar 31, 2020 67.30%
Dec 31, 2019 67.24%
Sep 30, 2019 65.00%
Jun 30, 2019 61.33%
Mar 31, 2019 58.30%
Dec 31, 2018 57.64%
Sep 30, 2018 53.64%
Jun 30, 2018 53.00%
Mar 31, 2018 48.38%
Dec 31, 2017 43.50%
Sep 30, 2017 44.64%
Jun 30, 2017 26.03%
Mar 31, 2017 21.78%
Dec 31, 2016 29.08%
Sep 30, 2016 24.43%
Jun 30, 2016 10.78%
Mar 31, 2016 -14.46%
Dec 31, 2015 -28.47%
Sep 30, 2015 -53.13%
Jun 30, 2015 -136.11%
Mar 31, 2015 -164.56%
Dec 31, 2014 -219.13%
Sep 30, 2014 -358.85%
Jun 30, 2014 -790.44%
Mar 31, 2014 -913.76%
Dec 31, 2013 -846.90%
Sep 30, 2013 -3,226.56%
Jun 30, 2013 -1,701,900.00%