RADIAN GROUP INC
Income Statement
| Line Item | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|---|
| Revenue | — | $1.20B | $1.21B | $1.18B | $1.19B | $1.33B | $1.44B | $1.53B |
| Cost of Revenue | — | — | $38.3M | $38.5M | $82.4M | $103.7M | $86.1M | $108.3M |
| Gross Profit | — | — | $1.17B | $1.14B | $1.11B | $1.23B | $1.35B | $1.42B |
| Gross Margin | — | — | 96.8% | 96.7% | 93.1% | 92.2% | 94.0% | 92.9% |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | — | — | — | — | — | — | — | — |
| Operating Income | — | $859.5M | $933.6M | $950.1M | $1.04B | $849.2M | $550.6M | $905.3M |
| Operating Margin | — | 71.8% | 77.4% | 80.7% | 87.1% | 63.9% | 38.3% | 59.3% |
| Interest Expense | — | $68.3M | $88.0M | $86.2M | $84.5M | $84.3M | $71.2M | $56.3M |
| Pretax Income | — | $791.2M | $845.6M | $863.9M | $952.8M | $764.8M | $479.4M | $849.0M |
| Income Tax Expense | — | $173.0M | $185.3M | $188.0M | $209.8M | $164.2M | $85.8M | $176.7M |
| Net Income | — | $582.6M | $604.4M | $603.1M | $742.9M | $600.7M | $393.6M | $672.3M |
| Net Margin | — | 48.7% | 50.1% | 51.2% | 62.4% | 45.2% | 27.4% | 44.0% |
| EPS (Basic) | — | $4.18 | $3.96 | $3.81 | $4.42 | $3.19 | $2.01 | $3.22 |
| EPS (Diluted) | — | $4.14 | $3.92 | $3.77 | $4.35 | $3.16 | $2.00 | $3.20 |
| Shares Outstanding (Basic) | 136.3M | 139.4M | 152.5M | 158.1M | 167.9M | 188.4M | 195.4M | 208.8M |
| Shares Outstanding (Diluted) | 136.3M | 140.8M | 154.2M | 160.1M | 170.7M | 190.3M | 196.6M | 210.3M |
| Dividends Per Share | — | $1.02 | $0.98 | $0.90 | $0.80 | $0.55 | — | — |