Filing Flows › PennyMac Financial Services (PFSI) › How it makes money
How PennyMac Financial Services (PFSI) makes money
PennyMac Financial Services (PFSI) made $469M of revenue in the third quarter 2026 (Q3 2026), -26% from a year earlier. Of every dollar of revenue, 9¢ was left as operating profit, 6¢ was left as net earnings.
Drawing the Sankey…
Where each dollar of revenue goes
| Line | Q3 2026 | % of revenue |
|---|---|---|
| Revenue | $469M | 100.0% |
| Operating profit | $42.5M | 9.1% |
| Income tax | $13.9M | 3.0% |
| Net earnings | $28.7M | 6.1% |
| Operating cash flow | $854M | 182.3% |
| Free cash flow | $850M | 181.4% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q3 2026 | $469M | -26% |
| Q2 2026 | $497M | +12% |
| Q1 2026 | $545M | +26% |
| Q4 2025 | $538M | +14% |
| Q3 2025 | $633M | +54% |
| Q2 2025 | $445M | +10% |
| Q1 2025 | $431M | +41% |
From PennyMac Financial Services' 10-Q filed Nov 3, 2026 (on EDGAR).
Questions
How does PennyMac Financial Services make money?
PennyMac Financial Services (PFSI) made $469M of revenue in the third quarter 2026 (Q3 2026), -26% from a year earlier. Of every dollar of revenue, 9¢ was left as operating profit, 6¢ was left as net earnings.
What is PennyMac Financial Services' profit margin?
Net earnings were $28.7M, 6.1% of revenue, in the third quarter 2026; the operating margin was 9.1%.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.