Filing Flows › Federal Home Loan Mortgage (FMCC) › Q2 2025
Federal Home Loan Mortgage (FMCC) Q2 2025 earnings results (second quarter 2025)
10-Q filed Jul 31, 2025
Federal Home Loan Mortgage (FMCC) reported revenue of $5.9B for the second quarter 2025 (Q2 2025), -1% from a year earlier and +1% from the quarter before. Operating margin was 50.3%, net earnings $2.4B (40.3% of revenue).
Federal Home Loan Mortgage, Q2 2025: revenue $5.9B (-1% year over year), operating margin 50.3%, net earnings $2.4B, operating cash flow $8.1B. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $5.9B | +1% | -1% |
| Operating profit | $3.0B | -15% | -14% |
| Net earnings | $2.4B | -15% | -14% |
| Operating cash flow | $8.1B | +128% | +778% |
What changed
Revenue was $5.9B in Q2 2025, down 1% year over year and up 1% from the previous quarter.
Operating profit was $3.0B, a 50.3% margin (down 7.5 points year over year). Total costs grew 16% against a revenue fall of 1%. The fastest-growing cost line was Other operating costs (+19%). Net earnings were $2.4B, down 14% year over year. The effective tax rate was 19.8%.
Operating cash flow was $8.1B (up 778% year over year), 341% of net earnings. Working capital and other items added $5.8B.
Questions
What was Federal Home Loan Mortgage's revenue in the second quarter 2025?
Federal Home Loan Mortgage (FMCC) reported revenue of $5.9B for the second quarter 2025 (Q2 2025), -1% from a year earlier and +1% from the quarter before.
Was Federal Home Loan Mortgage profitable in the second quarter 2025?
Operating profit was $3.0B (50.3% of revenue) and net earnings $2.4B.