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While they are both .22 LR magazines, they are not interchangeable. The M&P 22 Compact is a pistol, and the M&P 15-22 is a rifle, so they need different magazines.
Smith & Wesson M&P 22 Compact Magazines
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SALE 
Ruger 10/22 22LR 25 RD Magazine (2 Pack)
Ruger 10/22 22LR 25 RD Magazine (2 Pack)
595 reviews
Original price was: $68.99.$44.99Current price is: $44.99.
SALE 
Magpul PMAG 17 GL9 9mm 17 Round Magazine for Glock 17 Pistols (3 Pack)
Magpul PMAG 17 GL9 9mm 17 Round Magazine for Glock 17 Pistols (3 Pack)
426 reviews
Original price was: $44.99.$39.99Current price is: $39.99.
SALE 
ProMag Taurus G2, G3, PT-111 9mm 17 Round Magazine
ProMag Taurus G2, G3, PT-111 9mm 17 Round Magazine
44 reviews
Original price was: $34.99.$21.99Current price is: $21.99.
SALE 
Kimber 2K11 9mm 20 Round Magazine
Kimber 2K11 9mm 20 Round Magazine
35 reviews
Original price was: $59.99.$54.99Current price is: $54.99.
Frequently Asked Questions
Are M&P 22 Compact and M&P 15-22 magazines interchangeable?
Are M&P 22 Compact and Taurus TX22 magazines interchangeable?
No, they are not. You must utilize dedicated magazines for both pistols.