Magic Software Enterprises Ltd. (MGIC) Revenue History
Annual and quarterly revenue from 2013 to 2024
Compound Annual Growth Rate (CAGR)
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MGIC Revenue Growth
Revenue Breakdown (FY 2021)
MGIC's revenue distribution by segment and geography for fiscal year 2021
By Product/Segment
By Geography
MGIC Revenue Analysis (2013–2024)
As of May 8, 2026, Magic Software Enterprises Ltd. (MGIC) generated trailing twelve-month (TTM) revenue of $603.2 million, reflecting strong growth of +13.1% year-over-year. The most recent quarter (Q3 2025) recorded $161.7 million in revenue, up 6.6% sequentially.
Looking at the longer-term picture, MGIC's 5-year compound annual growth rate (CAGR) stands at +11.2%, indicating consistent double-digit revenue growth. The company achieved its highest annual revenue of $566.8 million in 2022.
Revenue diversification analysis shows MGIC's business is primarily driven by ItProfessionalServicesMember (80%), and SoftwareServicesMember (20%). With over half of revenue concentrated in ItProfessionalServicesMember, the company maintains significant focus in this area while developing other growth vectors.
When compared to Technology sector peers including PEGA (+3.5% YoY), APPN (+20.4% YoY), and AGYS (+17.9% YoY), MGIC has underperformed the peer group in terms of revenue growth. Compare MGIC vs PEGA →
MGIC Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| MGICCurrent | $603M | +13.1% | +11.2% | 11.1% | |
 PEGA | $1.7B | +3.5% | +11.4% | 15.1% | |
 APPN | $727M | +20.4% | +19.0% | 0.1% | |
 AGYS | $276M | +17.9% | +11.4% | 8.2% | |
 PCTY | $1.6B | +14.7% | +23.2% | 19.1% | |
 MSFT | $281.7B | +17.9% | +14.5% | 45.6% |
MGIC Historical Revenue Data (2013–2024)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2024 | $552.5M | +3.3% | $157.2M | 28.4% | $61.2M | 11.1% |
| 2023 | $535.1M | -5.6% | $153.0M | 28.6% | $57.1M | 10.7% |
| 2022 | $566.8M | +18.0% | $155.4M | 27.4% | $61.4M | 10.8% |
| 2021 | $480.3M | +29.4% | $133.0M | 27.7% | $51.2M | 10.7% |
| 2020 | $371.2M | +14.0% | $109.6M | 29.5% | $40.6M | 10.9% |
| 2019 | $325.6M | +14.5% | $102.1M | 31.4% | $33.7M | 10.3% |
| 2018 | $284.4M | +10.2% | $88.8M | 31.2% | $31.7M | 11.1% |
| 2017 | $258.0M | +27.9% | $82.8M | 32.1% | $26.0M | 10.1% |
| 2016 | $201.6M | +14.6% | $68.4M | 33.9% | $20.9M | 10.3% |
| 2015 | $176.0M | +7.1% | $62.8M | 35.7% | $21.4M | 12.2% |
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Start ComparisonMGIC — Frequently Asked Questions
Quick answers to the most common questions about buying MGIC stock.
Is MGIC's revenue growth accelerating or slowing?
MGIC maintains +13.1% revenue growth, in line with its 5-year CAGR of +11.2%. TTM revenue stands at $603M. Growth rate remains consistent with historical average.
What is MGIC's long-term revenue growth rate?
Magic Software Enterprises Ltd.'s 5-year revenue CAGR of +11.2% reflects the sustained expansion pattern. Current YoY growth of +13.1% is near this long-term average.
How is MGIC's revenue distributed by segment?
MGIC reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2013-2024 are available for download. Segment mix reveals concentration and diversification trends.