Filing Flows › Federal Home Loan Mortgage (FMCC) › Q1 2025
Federal Home Loan Mortgage (FMCC) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 1, 2025
Federal Home Loan Mortgage (FMCC) reported revenue of $5.9B for the first quarter 2025 (Q1 2025), +2% from a year earlier and -8% from the quarter before. Operating margin was 59.5%, net earnings $2.8B (47.7% of revenue).
Federal Home Loan Mortgage, Q1 2025: revenue $5.9B (+2% year over year), operating margin 59.5%, net earnings $2.8B, operating cash flow $3.6B. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $5.9B | -8% | +2% |
| Operating profit | $3.5B | -13% | +0.9% |
| Net earnings | $2.8B | -13% | +1% |
| Operating cash flow | $3.6B | — | +23% |
What changed
Revenue was $5.9B in Q1 2025, up 2% year over year and down 8% from the previous quarter.
Operating profit was $3.5B, a 59.5% margin (down 0.5 points year over year). Of the extra revenue versus a year earlier, 32% reached operating profit, below the 60% margin then. Total costs grew 3% against revenue growth of 2%. Net earnings were $2.8B, up 1% year over year. The effective tax rate was 19.8%.
Operating cash flow was $3.6B (up 23% year over year), 128% of net earnings. Working capital and other items added $0.78B.
Questions
What was Federal Home Loan Mortgage's revenue in the first quarter 2025?
Federal Home Loan Mortgage (FMCC) reported revenue of $5.9B for the first quarter 2025 (Q1 2025), +2% from a year earlier and -8% from the quarter before.
Was Federal Home Loan Mortgage profitable in the first quarter 2025?
Operating profit was $3.5B (59.5% of revenue) and net earnings $2.8B.