Filing Flows › PennyMac Financial Services (PFSI) › Q3 2026
PennyMac Financial Services (PFSI) Q3 2026 earnings results (third quarter 2026)
10-Q filed Nov 3, 2026
PennyMac Financial Services (PFSI) reported revenue of $469M for the third quarter 2026 (Q3 2026), -26% from a year earlier and -6% from the quarter before. Operating margin was 9.1%, net earnings $28.7M (6.1% of revenue).
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.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $469M | -6% | -26% |
| Operating profit | $42.5M | +35% | -82% |
| Net earnings | $28.7M | +32% | -84% |
| Operating cash flow | $854M | -60% | — |
| Free cash flow | $850M | -60% | — |
What changed
Revenue was $468.8M in Q3 2026, down 26% year over year and down 6% from the previous quarter.
Operating profit was $42.5M, a 9.1% margin (down 28.3 points year over year). Total costs grew 7% against a revenue fall of 26%. Net earnings were $28.7M, down 84% year over year. The effective tax rate was 32.7%.
Operating cash flow was $854.4M, 2982% of net earnings. Non-cash charges added back $13.9M of depreciation and amortization and $6.4M of share-based compensation. Working capital and other items added $805.4M. Capital expenditures of $4.1M left free cash flow of $850.3M.
Questions
What was PennyMac Financial Services' revenue in the third quarter 2026?
PennyMac Financial Services (PFSI) reported revenue of $469M for the third quarter 2026 (Q3 2026), -26% from a year earlier and -6% from the quarter before.
Was PennyMac Financial Services profitable in the third quarter 2026?
Operating profit was $42.5M (9.1% of revenue) and net earnings $28.7M.