Filing Flows › Federal Home Loan Mortgage (FMCC) › Q1 2026
Federal Home Loan Mortgage (FMCC) Q1 2026 earnings results (first quarter 2026)
10-Q filed Apr 30, 2026
Federal Home Loan Mortgage (FMCC) reported revenue of $6.1B for the first quarter 2026 (Q1 2026), +5% from a year earlier and +6% from the quarter before. Operating margin was 72.2%, net earnings $3.6B (58.0% of revenue).
Federal Home Loan Mortgage, Q1 2026: revenue $6.1B (+5% year over year), operating margin 72.2%, net earnings $3.6B, operating cash flow $3.9B. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $6.1B | +6% | +5% |
| Operating profit | $4.4B | +28% | +27% |
| Net earnings | $3.6B | +28% | +27% |
| Operating cash flow | $3.9B | +50% | +8% |
What changed
Revenue was $6.1B in Q1 2026, up 5% year over year and up 6% from the previous quarter.
Operating profit was $4.4B, a 72.2% margin (up 12.7 points year over year). Of the extra revenue versus Q1 2025, 337% reached operating profit, above the 60% margin then. Total costs fell 28% while revenue rose 5%. Net earnings were $3.6B, up 27% year over year. The effective tax rate was 19.7%.
Operating cash flow was $3.9B (up 8% year over year), 109% of net earnings. Working capital and other items added $0.31B.
Questions
What was Federal Home Loan Mortgage's revenue in the first quarter 2026?
Federal Home Loan Mortgage (FMCC) reported revenue of $6.1B for the first quarter 2026 (Q1 2026), +5% from a year earlier and +6% from the quarter before.
Was Federal Home Loan Mortgage profitable in the first quarter 2026?
Operating profit was $4.4B (72.2% of revenue) and net earnings $3.6B.