Filing Flows › Mgic Investment (MTG) › Q2 2026 › vs Q2 2025
Mgic Investment (MTG) Q2 2026 vs Q2 2025 (year over year)
Mgic Investment's revenue fell $8.9M (-3%) from $304M in Q2 2025 to $295M in Q2 2026. Operating margin 77.8% against 80.9% (-3.0 pts).
Mgic Investment, Q2 2026: revenue $295M (-3% year over year), operating margin 77.8%, net earnings $182M, operating cash flow $185M. The chart draws each line against Q2 2025, the increases inside each band.
Margins
| Q2 2026 | Q2 2025 | Change | |
|---|---|---|---|
| Operating margin | 77.8% | 80.9% | -3.0 pts |
| Net margin | 61.7% | 63.3% | -1.6 pts |
| Free cash flow margin | 62.5% | 60.1% | +2.3 pts |
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| Revenue | $295M | $304M | −$8.9M | -3% |
| Operating profit | $230M | $246M | −$16.2M | -7% |
| Costs & expenses | $65.5M | $58.2M | $7.3M | +13% |
| Pre-tax earnings | $230M | $246M | −$16.2M | -7% |
| Net earnings | $182M | $192M | −$10.3M | -5% |
| Income tax | $47.8M | $53.6M | −$5.8M | -11% |
| Depreciation & amortization | $2.0M | $2.5M | −$580K | -23% |
| Share-based compensation | $5.8M | $4.8M | $1.0M | +22% |
| Working capital & other | $5.0M | $16.8M | −$11.8M | -70% |
| Operating cash flow | $185M | $183M | $2.0M | +1% |
| Free cash flow (OCF − capex) | $184M | $183M | $1.5M | +0.8% |
| Capital expenditures | $473K | $20K | $453K | 24× |
Questions
How much did Mgic Investment's revenue grow year over year in Q2 2026?
Mgic Investment's revenue fell $8.9M (-3%) from $304M in Q2 2025 to $295M in Q2 2026. Operating margin 77.8% against 80.9% (-3.0 pts).