Radian (RDN) Operating Margin (2010 - 2026)
Radian's (RDN) quarterly Operating Margin came in at 14.95% in Q1 2026, down 1112.0% year-on-year from 1.48% in Q1 2025, and down 28.35% quarter-over-quarter from 20.86% in Q4 2025.
Radian (RDN) Operating Margin (2010 - 2026) Analysis & Trends
Radian has disclosed Operating Margin across 17 years of filings, most recently posting 14.95% for Q1 2026.
- Operating Margin for Q1 2026 came in at 14.95%, down 1112.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 19.62% (up 389.0% YoY), and the FY2025 annual result was 26.41%, up 751.0% from the prior year.
- Operating Margin came in at 14.95% for Q1 2026 at Radian, down from 20.86% in the prior quarter.
- In the past five years, Operating Margin ranged from a high of 26.07% in Q1 2025 to a low of 8.55% in Q4 2024.
- The 5-year median for Operating Margin is 20.86% (2025), against an average of 17.14%.
- Across the five-year window, Operating Margin tumbled 1704 bps in 2023 and surged 2941 bps in 2025, its largest moves.
- Radian's Operating Margin stood at 13.36% in 2022, then plunged by 128 bps to 3.68% in 2023, then plunged by 132 bps to 8.55% in 2024, then soared by 344 bps to 20.86% in 2025, then retreated by 28 bps to 14.95% in 2026.
- The last three Operating Margin figures came in at 14.95% (Q1 2026), 20.86% (Q4 2025), and 20.91% (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Fidelity National Financial | 12.87 Bn | 10.21 Bn | 2.62 Bn | 25.48% |
| 2 | Axis Capital Holdings | 7.52 Bn | 6.65 Bn | - | - |
| 3 | First American Financial | 6.80 Bn | 3.91 Bn | 1.24 Bn | 8.29% |
| 4 | Enact Holdings | 6.01 Bn | 5.46 Bn | 205.74 Mn | 29.19% |
| 5 | Mgic Investment | 5.57 Bn | 5.32 Bn | 202.12 Mn | 26.23% |
| 6 | Essent | 5.47 Bn | 5.47 Bn | - | 17.63% |
| 7 | Radian | 4.74 Bn | 4.66 Bn | 368.17 Mn | 14.95% |
| 8 | Ryan Specialty Holdings | 4.62 Bn | 5.05 Bn | - | 12.08% |
| 9 | Assured Guaranty | 3.42 Bn | -495.48 Mn | 216.00 Mn | 35.25% |
| 10 | NMI Holdings | 2.82 Bn | 2.75 Bn | 152.85 Mn | 15.59% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 14.95% |
| Dec 31, 2025 | 20.86% |
| Sep 30, 2025 | 20.91% |
| Jun 30, 2025 | 24.37% |
| Mar 31, 2025 | 26.07% |
| Dec 31, 2024 | -8.55% |
| Sep 30, 2024 | 22.13% |
| Jun 30, 2024 | 24.71% |
| Mar 31, 2024 | 22.95% |
| Dec 31, 2023 | -3.68% |
| Sep 30, 2023 | 21.70% |
| Jun 30, 2023 | 21.88% |
| Mar 31, 2023 | 18.86% |
| Dec 31, 2022 | 13.36% |
| Sep 30, 2022 | 17.36% |
| Jun 30, 2022 | 18.49% |
| Mar 31, 2022 | 15.03% |
| Dec 31, 2021 | 14.31% |
| Sep 30, 2021 | 14.43% |
| Jun 30, 2021 | 14.25% |