Federal Agricultural Mortgage (AGM-PI) Net Margin (2010 - 2026)

Federal Agricultural Mortgage (AGM-PI) has reported Net Margin for 17 consecutive years, with 47.5% the latest figure, recorded in Q1 2026.

• Net Margin for Q1 2026 came in at 47.5%, up 86.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 44.98% (down 225.0% YoY), and the FY2025 annual result was 44.69%, down 342.0% from the prior year.
• Net Margin was 47.5% for Q1 2026 at Federal Agricultural Mortgage, up from 37.82% in the prior quarter.
• Over five years, Net Margin peaked at 319.47% in Q1 2022 and troughed at 42.67% in Q1 2023.
• Average Net Margin over 5 years is 50.06%, with a median of 46.88% recorded in 2024.
• Year-over-year, Net Margin jumped 33119 bps in 2022 and sank 36214 bps in 2023.
• Over 5 years, Net Margin stood at 46.33% in 2022, then slumped by 87 bps to 5.98% in 2023, then jumped by 740 bps to 50.22% in 2024, then slipped by 25 bps to 37.82% in 2025, then gained by 26 bps to 47.5% in 2026.
• Per Business Quant data, the three most recent Net Margin figures were 47.5% in Q1 2026, 37.82% in Q4 2025, and 46.84% in Q3 2025.