Enact Holdings, Inc. (ACT) Income Statement
ACT 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsACT revenue and net income
Where ACT's revenue goes
2025Each bar shows an amount and its share of revenue. ACT kept 54.8% of revenue as net income.
ACT profit margins
ACT growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +2.4% | +4.0% | +2.1% | — |
| Gross profit | +19.2% | +0.8% | +0.3% | — |
| Operating income | −2.2% | −3.3% | +13.0% | — |
| Net income | −2.0% | −1.4% | +12.7% | — |
| EPS (diluted) | +0.9% | +2.0% | +7.1% | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
ACT quarterly EPS vs estimates
Enact beat the analyst EPS estimate in 8 of the last 8 quarters. Next report: November 4, 2026 (estimate $1.21).
ACT income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.23B | $1.20B | $1.15B | $1.10B | $1.12B | $1.11B | $978.9M | $841.1M |
| Cost of revenue | $109.5M | $261.6M | $250.3M | $145.1M | $371.6M | $615.8M | $260.7M | $0 |
| Gross profit | $1.12B | $940.3M | $903.4M | $1.10B | $1.12B | $1.11B | $978.9M | $841.1M |
| Total operating expenses | $262.0M | $62.2M | $51.9M | $226.9M | −$428.8M | −$639.6M | −$149.6M | $191.0M |
| Operating income | $858.8M | $878.1M | $851.5M | $949.9M | $691.4M | $466.8M | $829.2M | $613.7M |
| Interest expense | $49.9M | $51.2M | $51.9M | $51.7M | $51.0M | $18.2M | $0 | $0 |
| Income before taxes | $858.8M | $878.1M | $851.5M | $898.2M | $695.2M | $472.4M | $718.2M | $613.7M |
| Income taxes | $184.6M | $190.0M | $186.0M | $194.1M | $148.5M | $102.0M | $155.8M | $129.8M |
| Net income | $674.2M | $688.1M | $665.5M | $704.2M | $546.7M | $370.4M | $677.6M | $483.9M |
| EBITDA | $908.8M | $929.2M | $903.4M | $949.2M | $682.9M | $466.8M | $829.2M | $613.7M |
| EPS (diluted) | $4.60 | $4.56 | $4.18 | $4.34 | $3.39 | $3.26 | $0.43 | — |
| Gross margin | 91.1% | 78.2% | 78.3% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% |
| Operating margin | 69.8% | 73.1% | 73.8% | 86.7% | 61.7% | 42.2% | 84.7% | 73.0% |
| Net margin | 54.8% | 57.2% | 57.7% | 64.3% | 48.8% | 33.5% | 69.2% | 57.5% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $317.3M | $312.1M | $311.5M | $311.5M | $304.6M | $306.9M | $301.9M | $309.6M | $298.8M | $291.6M | $296.2M | $299.0M |
| Cost of revenue | $33.3M | $37.2M | $17.8M | $88.7M | $78.1M | $83.1M | $81.7M | $67.8M | $39.4M | $72.7M | $83.5M | $73.0M |
| Gross profit | $284.0M | $274.9M | $293.7M | $222.7M | $226.5M | $223.8M | $220.3M | $241.7M | $259.4M | $218.9M | $212.7M | $226.0M |
| Total operating expenses | $64.1M | $61.5M | $70.6M | $12.9M | $12.0M | $12.4M | $12.4M | $12.3M | $24.6M | $13.0M | $12.9M | $12.9M |
| Operating income | $220.0M | $213.4M | $223.1M | $209.8M | $214.5M | $211.4M | $207.9M | $229.5M | $234.8M | $205.9M | $199.7M | $213.1M |
| Interest expense | $12.5M | $12.4M | $12.5M | $12.9M | $12.3M | $12.3M | $12.3M | $12.3M | $13.6M | $13.0M | $12.9M | $12.9M |
| Income before taxes | $220.0M | $213.4M | $223.1M | $209.8M | $214.5M | $211.4M | $207.9M | $229.5M | $234.8M | $205.9M | $199.7M | $213.1M |
| Income taxes | $45.1M | $45.6M | $45.9M | $46.3M | $46.7M | $45.6M | $45.1M | $48.8M | $51.2M | $44.9M | $42.4M | $48.9M |
| Net income | $174.8M | $167.8M | $177.2M | $163.5M | $167.8M | $165.8M | $162.7M | $180.7M | $183.7M | $161.0M | $157.3M | $164.2M |
| EBITDA | $236.7M | $225.7M | $235.6M | $222.7M | $226.8M | $223.7M | $220.1M | $241.7M | $251.4M | $221.8M | $212.7M | $393.7M |
| EPS (diluted) | $1.26 | $1.21 | $1.23 | $1.12 | $1.15 | $1.10 | $1.09 | $1.16 | $1.27 | $1.04 | $0.98 | $1.02 |
| Gross margin | 89.5% | 88.1% | 94.3% | 71.5% | 74.4% | 72.9% | 73.0% | 78.1% | 86.8% | 75.1% | 71.8% | 75.6% |
| Operating margin | 69.3% | 68.4% | 71.6% | 67.4% | 70.4% | 68.9% | 68.8% | 74.1% | 78.6% | 70.6% | 67.4% | 71.3% |
| Net margin | 55.1% | 53.8% | 56.9% | 52.5% | 55.1% | 54.0% | 53.9% | 58.4% | 61.5% | 55.2% | 53.1% | 54.9% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in ACT's financial statements (latest annual report filed February 27, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
ACT financial results
In fiscal year 2025 (ended December 31, 2025), Enact reported revenue of $1.2 billion, up 2.4% from the year before. It had net income of $674.2 million (down 2.0%), a net profit margin of 54.8%. Diluted earnings per share came to $4.60. Over five years revenue grew at an average rate of 2.1% a year.
See the ACT stock overview for the latest quote and news, or the ACT chart for price history and technical indicators.
ACT income statement FAQ
What is Enact's annual revenue?
Enact reported total revenue of $1.2 billion for fiscal year 2025, which ended on December 31, 2025. That was up 2.4% from $1.2 billion the previous year.
Is Enact profitable?
Yes. Enact reported net income of $674.2 million in fiscal 2025, a net profit margin of 54.8%; its operating margin was 69.8%.
What is Enact's gross margin?
Enact's gross margin was 91.1% in fiscal 2025: for every $100 of revenue, Enact kept $91 after the direct cost of its products and services.
How fast is Enact growing?
Revenue grew 2.1% a year on average over the last five fiscal years, from $1.1 billion to $1.2 billion.
What are Enact's earnings per share?
Enact earned $4.60 per diluted share in fiscal 2025, compared with $4.56 a year earlier.
When will Enact report its next earnings?
Enact is expected to report results for the quarter ending September 30, 2026 on November 4, 2026 after the market closes.
When does Enact's fiscal year end?
Enact's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 27, 2026.