Filing Flows › PennyMac Financial Services (PFSI) › Q2 2026 › vs Q2 2025
PennyMac Financial Services (PFSI) Q2 2026 vs Q2 2025 (year over year)
PennyMac Financial Services's revenue rose $52.2M (+12%) from $445M in Q2 2025 to $497M in Q2 2026. Operating margin 6.3% against 17.2% (-10.8 pts).
PennyMac Financial Services, Q2 2026: revenue $497M (+12% year over year), operating margin 6.3%, net earnings $21.7M, operating cash flow $2.1B. The chart draws each line against Q2 2025, the increases inside each band.
Margins
| Q2 2026 | Q2 2025 | Change | |
|---|---|---|---|
| Operating margin | 6.3% | 17.2% | -10.8 pts |
| Net margin | 4.4% | 30.7% | -26.3 pts |
| Free cash flow margin | 430.6% | -29.8% | +460.4 pts |
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| Revenue | $497M | $445M | $52.2M | +12% |
| Operating profit | $31.5M | $76.4M | −$44.9M | -59% |
| Costs & expenses | $465M | $368M | $97.2M | +26% |
| Pre-tax earnings | $31.5M | $76.4M | −$44.9M | -59% |
| Net earnings | $21.7M | $136M | −$115M | -84% |
| Income tax | $9.8M | −$60.0M | $69.8M | — |
| Depreciation & amortization | $14.4M | $14.7M | −$309K | -2% |
| Share-based compensation | $4.5M | $7.5M | −$3.1M | -41% |
| Working capital & other | $2.1B | −$290M | $2.4B | — |
| Operating cash flow | $2.1B | −$131M | $2.3B | — |
| Free cash flow (OCF − capex) | $2.1B | −$133M | $2.3B | — |
| Capital expenditures | $3.4M | $1.3M | $2.1M | +159% |
Questions
How much did PennyMac Financial Services's revenue grow year over year in Q2 2026?
PennyMac Financial Services's revenue rose $52.2M (+12%) from $445M in Q2 2025 to $497M in Q2 2026. Operating margin 6.3% against 17.2% (-10.8 pts).