NMI Holdings (NMIH) Net Margin (2013 - 2026)
NMI Holdings (NMIH) posted quarterly Net Margin of 56.3% for Q2 2026, up 97.0% year-over-year from 28.58% in Q2 2025, and up 4.0% on a QoQ basis from 54.14% in Q1 2026.
NMI Holdings (NMIH) Net Margin (2013 - 2026) Analysis & Trends
NMI Holdings has reported Net Margin for 14 years, with the latest figure at 56.3% in Q2 2026.
- Net Margin for Q2 2026 came in at 56.3%, up 97.0% year-over-year; the trailing twelve-month figure through Jun 2026 was 54.1% (down 148.0% YoY), and the FY2025 annual result was 55.05%, down 26.0% from the prior year.
- Net Margin grew to 56.3% in Q2 2026, from 54.14% in the prior quarter.
- Over five years, Net Margin peaked at 64.94% in Q3 2022 and troughed at 51.75% in Q4 2024.
- A 5-year average of 57.16% and a median of 56.48% in 2023 frame the typical range for Net Margin.
- The widest annual swing landed in 2022, when Net Margin soared 1195 bps; it then tumbled 1099 bps in 2024.
- A 5-year view of Net Margin shows it stood at 60.99% in 2022, then climbed by 3 bps to 62.74% in 2023, then fell by 18 bps to 51.75% in 2024, then climbed by 1 bps to 52.13% in 2025, then increased by 8 bps to 56.3% in 2026.
- Per Business Quant data, the three most recent Net Margin figures were 56.3% in Q2 2026, 54.14% in Q1 2026, and 52.13% in Q4 2025.
Powered by 
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Fidelity National Financial | 12.71 Bn | 8.14 Bn | 3.59 Bn | 6.79% |
| 2 | First American Financial | 7.40 Bn | 4.28 Bn | 1.77 Bn | 10.35% |
| 3 | Axis Capital Holdings | 7.28 Bn | 6.49 Bn | 819.78 Mn | 14.29% |
| 4 | Enact Holdings | 6.86 Bn | 6.36 Bn | 284.04 Mn | 55.10% |
| 5 | Mgic Investment | 6.46 Bn | 6.23 Bn | 284.40 Mn | 61.66% |
| 6 | Essent | 6.22 Bn | 6.22 Bn | 313.73 Mn | 52.31% |
| 7 | Ryan Specialty Holdings | 5.38 Bn | 5.24 Bn | - | 11.82% |
| 8 | Radian | 4.96 Bn | 4.22 Bn | 380.01 Mn | 20.16% |
| 9 | NMI Holdings | 3.45 Bn | 3.37 Bn | 157.40 Mn | 56.30% |
| 10 | Assured Guaranty | 3.29 Bn | -503.07 Mn | 156.00 Mn | 26.15% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 56.30% |
| Mar 31, 2026 | 64.16% |
| Dec 31, 2025 | 36.71% |
| Sep 30, 2025 | 63.44% |
| Jun 30, 2025 | 55.33% |
| Mar 31, 2025 | 68.66% |
| Dec 31, 2024 | 51.75% |
| Sep 30, 2024 | 55.88% |
| Jun 30, 2024 | 56.80% |
| Mar 31, 2024 | 56.99% |
| Dec 31, 2023 | 62.74% |
| Sep 30, 2023 | 64.54% |
| Jun 30, 2023 | 56.27% |
| Mar 31, 2023 | 54.44% |
| Dec 31, 2022 | 60.99% |
| Sep 30, 2022 | 64.94% |
| Jun 30, 2022 | 62.42% |
| Mar 31, 2022 | 58.10% |
| Dec 31, 2021 | 53.12% |
| Sep 30, 2021 | 52.99% |