Filing Flows › Federal Home Loan Mortgage (FMCC) › Operating margin
Federal Home Loan Mortgage (FMCC) operating margin by quarter
Federal Home Loan Mortgage's operating margin was 59.0% in Q3 2026 (third quarter 2026), -20.7 pts from Q2 2026. Over the last 7 quarters it ranged from 50.3% (Q2 2025) to 79.7% (Q2 2026).
| Quarter | Operating margin | Q/Q | Y/Y |
|---|---|---|---|
| Q3 2026 | 59.0% | -20.7 pts | -1.1 pts |
| Q2 2026 | 79.7% | +7.4 pts | +29.4 pts |
| Q1 2026 | 72.2% | +12.3 pts | +12.7 pts |
| Q4 2025 | 59.9% | -0.2 pts | — |
| Q3 2025 | 60.1% | +9.8 pts | — |
| Q2 2025 | 50.3% | -9.2 pts | — |
| Q1 2025 | 59.5% | — | — |
Q3 2026 at a glance
Federal Home Loan Mortgage, Q3 2026: revenue $6.8B (+19% year over year), operating margin 59.0%, net earnings $3.2B, operating cash flow $4.2B. The chart follows the revenue to costs, profit and cash.
Questions
What is Federal Home Loan Mortgage's operating margin?
Federal Home Loan Mortgage's operating margin was 59.0% in Q3 2026 (third quarter 2026), -20.7 pts from Q2 2026.
How has Federal Home Loan Mortgage's operating margin changed?
Over the last 7 quarters it ranged from 50.3% (Q2 2025) to 79.7% (Q2 2026).
Q3 2026 results → · How Federal Home Loan Mortgage makes money →