Filing Flows › PennyMac Financial Services (PFSI) › Operating margin
PennyMac Financial Services (PFSI) operating margin by quarter
PennyMac Financial Services' operating margin was 9.1% in Q3 2026 (third quarter 2026), +2.7 pts from Q2 2026. Over the last 7 quarters it ranged from 6.3% (Q2 2026) to 37.3% (Q3 2025).
| Quarter | Operating margin | Q/Q | Y/Y |
|---|---|---|---|
| Q3 2026 | 9.1% | +2.7 pts | -28.3 pts |
| Q2 2026 | 6.3% | -12.9 pts | -10.8 pts |
| Q1 2026 | 19.2% | -5.8 pts | -5.0 pts |
| Q4 2025 | 25.0% | -12.4 pts | — |
| Q3 2025 | 37.3% | +20.2 pts | — |
| Q2 2025 | 17.2% | -7.0 pts | — |
| Q1 2025 | 24.2% | — | — |
Q3 2026 at a glance
PennyMac Financial Services, Q3 2026: revenue $469M (-26% year over year), operating margin 9.1%, net earnings $28.7M, operating cash flow $854M. The chart follows the revenue to costs, profit and cash.
Questions
What is PennyMac Financial Services' operating margin?
PennyMac Financial Services' operating margin was 9.1% in Q3 2026 (third quarter 2026), +2.7 pts from Q2 2026.
How has PennyMac Financial Services' operating margin changed?
Over the last 7 quarters it ranged from 6.3% (Q2 2026) to 37.3% (Q3 2025).
Q3 2026 results → · How PennyMac Financial Services makes money →