Magic Software Enterprises (RMTHF) Tax Provisions (2009 - 2025)

Magic Software Enterprises (RMTHF) reported Tax Provisions of $3.3 million for Q2 2025, up 9.34% on a YoY basis from $3.0 million in Q2 2024, and up 100.04% quarter-over-quarter from -$9.0 billion in Q4 2024.

Magic Software Enterprises (RMTHF) Tax Provisions (2009 - 2025) Analysis & Trends

Magic Software Enterprises has reported Tax Provisions for 17 years, with the latest figure at $3.3 million in Q2 2025.

  • For the quarter ending Q2 2025, Tax Provisions rose 9.34% year-over-year to $3.3 million; the trailing twelve-month figure through Jun 2025 stood at -$5.8 billion (down 177.74% YoY), and the FY2024 full-year result was $11.3 million, up 14.03% from the prior year.
  • Tax Provisions for Q2 2025 stood at $3.3 million, up from -$9.0 billion in the prior quarter.
  • The five-year high for Tax Provisions was $3.6 billion in Q2 2022, with the low at -$9.0 billion in Q4 2024.
  • Historically, Tax Provisions has averaged $919.1 million across 5 years, with a median of $1.8 billion in 2022.
  • Annual changes were most pronounced in 2022 — Tax Provisions soared 111021.16% — and 2024, when it slumped 623.82%.
  • Magic Software Enterprises' Tax Provisions stood at $3.5 million in 2021, then soared by 53307.79% to $1.9 billion in 2022, then decreased by 7.56% to $1.7 billion in 2023, then tumbled by 623.82% to -$9.0 billion in 2024, then soared by 100.04% to $3.3 million in 2025.
  • The last three Tax Provisions figures came in at $3.3 million (Q2 2025), -$9.0 billion (Q4 2024), and $3.3 billion (Q3 2024), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Taxes (Qtr)
1 Infosys 250,975,992.28 Bn 250,975,991.00 Bn 1.56 Bn 248.00 Mn
2 International Business Machines 267.32 Bn 252.39 Bn 8.95 Bn 172.00 Mn
3 Wipro 138.60 Bn 137.44 Bn 751.00 Mn -
4 Accenture 109.98 Bn 101.66 Bn 16.30 Bn 597.27 Mn
5 Cognizant Technology Solutions 25.38 Bn 23.86 Bn 1.78 Bn 208.00 Mn
6 Fidelity National Information Services 21.09 Bn 20.34 Bn 1.11 Bn 106.00 Mn
7 Broadridge Financial Solutions 17.60 Bn 17.30 Bn 626.90 Mn 64.30 Mn
8 Cdw 17.16 Bn 16.58 Bn 1.19 Bn 83.60 Mn
9 Leidos Holdings 15.68 Bn 15.27 Bn 761.00 Mn 94.00 Mn
10 Magic Software Enterprises - - 45.50 Mn -

Historic Data

Download Data
DateValue
Jun 30, 2025 3.32 Mn
Dec 31, 2024 -9.03 Bn
Sep 30, 2024 3.27 Bn
Jun 30, 2024 3.04 Mn
Mar 31, 2024 2.73 Bn
Dec 31, 2023 1.72 Bn
Sep 30, 2023 2.94 Bn
Jun 30, 2023 2.46 Mn
Mar 31, 2023 2.81 Bn
Dec 31, 2022 1.87 Bn
Sep 30, 2022 2.46 Bn
Jun 30, 2022 3.61 Bn
Mar 31, 2022 3.21 Mn
Dec 31, 2021 3.49 Mn
Sep 30, 2021 2.21 Mn
Jun 30, 2021 2.30 Bn
Dec 31, 2020 1.18 Mn
Sep 30, 2020 2.04 Mn
Mar 31, 2020 1.99 Mn
Dec 31, 2019 1.98 Mn