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| Date | Value |
|---|---|
| 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 |