Filing Flows › Federal Agricultural Mortgage (AGM) › Q3 2026 › vs Q3 2025
Federal Agricultural Mortgage (AGM) Q3 2026 vs Q3 2025 (year over year)
Federal Agricultural Mortgage's revenue rose $21.3M (+21%) from $104M in Q3 2025 to $125M in Q3 2026. The biggest changes: Net interest income +$17.4M (+18%); Noninterest income +$3.9M (+71%). Operating margin 63.5% against 64.2% (-0.7 pts).
Federal Agricultural Mortgage, Q3 2026: revenue $125M (+20% year over year), operating margin 63.5%, net earnings $64.2M, operating cash flow $363M. The chart draws each line against Q3 2025, the increases inside each band.
Margins
| Q3 2026 | Q3 2025 | Change | |
|---|---|---|---|
| Operating margin | 63.5% | 64.2% | -0.7 pts |
| Net margin | 51.3% | 52.9% | -1.7 pts |
Every line
| Line | Q3 2026 | Q3 2025 | Change | % |
|---|---|---|---|---|
| Net interest income | $116M | $98.5M | $17.4M | +18% |
| Noninterest income | $9.3M | $5.4M | $3.9M | +71% |
| Revenue | $125M | $104M | $21.3M | +21% |
| Operating profit | $79.6M | $66.7M | $12.9M | +19% |
| Costs & expenses | $45.7M | $37.2M | $8.5M | +23% |
| Pre-tax earnings | $79.6M | $66.7M | $12.9M | +19% |
| Credit loss provision | $11.1M | $7.4M | $3.6M | +49% |
| Other operating costs | $34.6M | $29.8M | $4.8M | +16% |
| Net earnings | $64.2M | $55.0M | $9.2M | +17% |
| Income tax | $15.3M | $11.7M | $3.7M | +31% |
| Share-based compensation | $1.9M | $1.4M | $568K | +42% |
| Working capital & other | $297M | $17.8M | $279M | 17× |
| Operating cash flow | $363M | $74.2M | $289M | +389% |
Questions
How much did Federal Agricultural Mortgage's revenue grow year over year in Q3 2026?
Federal Agricultural Mortgage's revenue rose $21.3M (+21%) from $104M in Q3 2025 to $125M in Q3 2026.
What drove Federal Agricultural Mortgage's revenue change in Q3 2026?
Net interest income +$17.4M (+18%); Noninterest income +$3.9M (+71%).