Filing Flows › Federal Home Loan Mortgage (FMCC) › Q2 2026 › vs Q2 2025
Federal Home Loan Mortgage (FMCC) Q2 2026 vs Q2 2025 (year over year)
Federal Home Loan Mortgage's revenue rose $75.0M (+1%) from $5.9B in Q2 2025 to $6.0B in Q2 2026. Operating margin 79.7% against 50.3% (+29.4 pts).
Federal Home Loan Mortgage, Q2 2026: revenue $6.0B (+1% year over year), operating margin 79.7%, net earnings $3.8B, operating cash flow $2.8B. The chart draws each line against Q2 2025, the increases inside each band.
Margins
| Q2 2026 | Q2 2025 | Change | |
|---|---|---|---|
| Operating margin | 79.7% | 50.3% | +29.4 pts |
| Net margin | 64.1% | 40.3% | +23.7 pts |
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| Revenue | $6.0B | $5.9B | $75.0M | +1% |
| Operating profit | $4.8B | $3.0B | $1.8B | +60% |
| Costs & expenses | $1.2B | $2.9B | −$1.7B | -59% |
| Pre-tax earnings | $4.8B | $3.0B | $1.8B | +60% |
| General & admin | $676M | $748M | −$72.0M | -10% |
| Other operating costs | $541M | $2.2B | −$1.7B | -75% |
| Net earnings | $3.8B | $2.4B | $1.5B | +61% |
| Income tax | $936M | $588M | $348M | +59% |
| Working capital & other | $1.1B | −$5.8B | $6.8B | — |
| Operating cash flow | $2.8B | $8.1B | −$5.4B | -66% |
Questions
How much did Federal Home Loan Mortgage's revenue grow year over year in Q2 2026?
Federal Home Loan Mortgage's revenue rose $75.0M (+1%) from $5.9B in Q2 2025 to $6.0B in Q2 2026. Operating margin 79.7% against 50.3% (+29.4 pts).