Federal Home Loan Mortgage cash flow, quarter by quarter
Latest: Q3 2026 · from the cash-flow statements filed with the SEC
Free cash flow$4.2B in Q3 2026 · $13.4B over twelve months
Operating cash flow$4.2B
Free cash flow+$4.2B
Cash / net income1.3×
Analysis
In Q3 2026, Federal Home Loan Mortgage generated $4.2B of operating cash flow. That is $859M less than in Q3 2025 ($5.1B).
Over the twelve months to Sep 30, 2026, operating cash flow was $13.4B; the largest uses were other financing ($65.4B), net borrowing (+) / repaid (−) ($10.0B); besides operations, cash came from other investing ($61.9B); the cash balance fell by $63.0M.
Operating cash flow was $4.2B against net income of $3.2B — 1.3× profit, cash ran ahead of reported earnings. The largest differences: gains on investments −$599M.
Free cash flow
Operating cash flow less capital spending.Latest (Q3 2026): Operating cash flow $4.2B, Capital spending $0.
Capital allocation, year by year
Over these 5 years operating cash flow totalled $61.9B; the largest uses were net borrowing ($4.3B). Cash-flow statements as filed.
Cash runway and the debt wall
Cash & investments$4.6B
Debt$166.5B
Net debt$162.0B
Federal Home Loan Mortgage funds itself: free cash flow was $13.4B over the last twelve months, and $4.6B of cash and investments stands against $166.5B of debt.
Where the cash came from and went
From profit to cash
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.
Every quarter
Quarter
Operating cash flow
Net borrowing (+) / repaid (−)
Cash drawn (+) / kept (−)
Free cash flow
Q3 2026
$4.2B
−$2.2B
−$240M
$4.2B
Q2 2026
$2.8B
−$333M
$148M
$2.8B
Q1 2026
$3.9B
−$12.3B
$858M
$3.9B
Q4 2025
$2.6B
$4.8B
−$703M
$2.6B
Q3 2025
$5.1B
$2.5B
−$357M
$5.1B
Q2 2025
$8.1B
−$935M
$523M
$8.1B
Q1 2025
$3.6B
$7.6B
$744M
$3.6B
Q4 2024
−$900M
−$7.9B
−$677M
−$900M
Federal Home Loan Mortgage: income statement and cash flow
Federal Home Loan Mortgage, Q3 2026: revenue $6.8B (+19% year over year), operating margin 59.0%. The chart follows the revenue to costs, profit and cash.
Read automatically from the company’s XBRL cash-flow statements; quarterly figures for the fourth quarter are the year less the first three. Errors are possible. Not investment advice.