Filing Flows › Federal Agricultural Mortgage (AGM) › How it makes money
How Federal Agricultural Mortgage (AGM) makes money
Federal Agricultural Mortgage (AGM) made $125M of revenue in the third quarter 2026 (Q3 2026), +21% from a year earlier. Net interest income brought in $116M (93%); Noninterest income brought in $9.3M (7%). Of every dollar of revenue, 64¢ was left as operating profit, 51¢ was left as net earnings.
Drawing the Sankey…
Revenue by segment, Q3 2026
| Segment | Revenue | Share | Q/Q | Y/Y |
|---|---|---|---|---|
| Net interest income | $116M | 92.6% | -2% | +18% |
| Noninterest income | $9.3M | 7.4% | +34% | +71% |
Where each dollar of revenue goes
| Line | Q3 2026 | % of revenue |
|---|---|---|
| Revenue | $125M | 100.0% |
| Operating profit | $79.6M | 63.5% |
| Income tax | $15.3M | 12.3% |
| Net earnings | $64.2M | 51.3% |
| Operating cash flow | $363M | 289.6% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q3 2026 | $125M | +20% |
From Federal Agricultural Mortgage's 10-Q filed Nov 6, 2026 (on EDGAR).
Questions
How does Federal Agricultural Mortgage make money?
Federal Agricultural Mortgage (AGM) made $125M of revenue in the third quarter 2026 (Q3 2026), +21% from a year earlier. Net interest income brought in $116M (93%); Noninterest income brought in $9.3M (7%). Of every dollar of revenue, 64¢ was left as operating profit, 51¢ was left as net earnings.
What is Federal Agricultural Mortgage's biggest business?
Net interest income: $116M in the third quarter 2026, 93% of revenue, +18% from a year earlier.
What is Federal Agricultural Mortgage's profit margin?
Net earnings were $64.2M, 51.3% of revenue, in the third quarter 2026; the operating margin was 63.5%.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.