Filing Flows › PennyMac Financial Services (PFSI) › Q3 2026 › vs Q2 2026
PennyMac Financial Services (PFSI) Q3 2026 vs Q2 2026 (quarter over quarter)
PennyMac Financial Services's revenue fell $28.2M (-6%) from $497M in Q2 2026 to $469M in Q3 2026. Operating margin 9.1% against 6.3% (+2.7 pts).
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 draws each line against Q2 2026, the increases inside each band.
Margins
| Q3 2026 | Q2 2026 | Change | |
|---|---|---|---|
| Operating margin | 9.1% | 6.3% | +2.7 pts |
| Net margin | 6.1% | 4.4% | +1.7 pts |
| Free cash flow margin | 181.4% | 430.6% | -249.2 pts |
Every line
| Line | Q3 2026 | Q2 2026 | Change | % |
|---|---|---|---|---|
| Revenue | $469M | $497M | −$28.2M | -6% |
| Operating profit | $42.5M | $31.5M | $11.0M | +35% |
| Costs & expenses | $426M | $465M | −$39.2M | -8% |
| Pre-tax earnings | $42.5M | $31.5M | $11.0M | +35% |
| Net earnings | $28.7M | $21.7M | $6.9M | +32% |
| Income tax | $13.9M | $9.8M | $4.1M | +42% |
| Depreciation & amortization | $13.9M | $14.4M | −$504K | -3% |
| Share-based compensation | $6.4M | $4.5M | $2.0M | +44% |
| Working capital & other | $805M | $2.1B | −$1.3B | -62% |
| Operating cash flow | $854M | $2.1B | −$1.3B | -60% |
| Free cash flow (OCF − capex) | $850M | $2.1B | −$1.3B | -60% |
| Capital expenditures | $4.1M | $3.4M | $679K | +20% |
Questions
How much did PennyMac Financial Services's revenue grow quarter over quarter in Q3 2026?
PennyMac Financial Services's revenue fell $28.2M (-6%) from $497M in Q2 2026 to $469M in Q3 2026. Operating margin 9.1% against 6.3% (+2.7 pts).