Filing Flows › Federal Home Loan Mortgage (FMCC) › Q3 2026 › vs Q2 2026
Federal Home Loan Mortgage (FMCC) Q3 2026 vs Q2 2026 (quarter over quarter)
Federal Home Loan Mortgage's revenue rose $819M (+14%) from $6.0B in Q2 2026 to $6.8B in Q3 2026. Operating margin 59.0% against 79.7% (-20.7 pts).
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 draws each line against Q2 2026, the increases inside each band.
Margins
| Q3 2026 | Q2 2026 | Change | |
|---|---|---|---|
| Operating margin | 59.0% | 79.7% | -20.7 pts |
| Net margin | 47.5% | 64.1% | -16.6 pts |
Every line
| Line | Q3 2026 | Q2 2026 | Change | % |
|---|---|---|---|---|
| Revenue | $6.8B | $6.0B | $819M | +14% |
| Operating profit | $4.0B | $4.8B | −$758M | -16% |
| Costs & expenses | $2.8B | $1.2B | $1.6B | +130% |
| Pre-tax earnings | $4.0B | $4.8B | −$758M | -16% |
| General & admin | $686M | $676M | $10.0M | +1% |
| Other operating costs | $2.1B | $541M | $1.6B | +290% |
| Net earnings | $3.2B | $3.8B | −$603M | -16% |
| Income tax | $781M | $936M | −$155M | -17% |
| Working capital & other | $986M | −$1.1B | $2.1B | — |
| Operating cash flow | $4.2B | $2.8B | $1.5B | +53% |
Questions
How much did Federal Home Loan Mortgage's revenue grow quarter over quarter in Q3 2026?
Federal Home Loan Mortgage's revenue rose $819M (+14%) from $6.0B in Q2 2026 to $6.8B in Q3 2026. Operating margin 59.0% against 79.7% (-20.7 pts).