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

Federal Agricultural Mortgage (AGM) has reported Net Margin for 17 consecutive years, with 47.1% the latest figure, recorded in Q2 2026.

• For the quarter ending Q2 2026, Net Margin fell 81.0% year-over-year to 47.1%; the trailing twelve-month figure through Jun 2026 stood at 44.9% (down 306.0% YoY), and the FY2025 full-year result was 44.69%, down 342.0% from the prior year.
• Net Margin retreated to 47.1% in Q2 2026 per AGM's latest filing, from 47.5% in the prior quarter.
• Across five years, Net Margin topped out at 52.85% in Q3 2023 and bottomed at 37.82% in Q4 2025.
• Historically, Net Margin has averaged 47.61% across 5 years, with a median of 47.74% in 2023.
• The sharpest annual moves came in 2022 and 2025: Net Margin jumped 634 bps in 2022, then sank 1240 bps in 2025.
• Over 5 years, Net Margin stood at 46.33% in 2022, then gained by 4 bps to 48.06% in 2023, then advanced by 4 bps to 50.22% in 2024, then decreased by 25 bps to 37.82% in 2025, then grew by 25 bps to 47.1% in 2026.
• According to Business Quant data, Net Margin over the past three periods registered 47.1%, 47.5%, and 37.82% for Q2 2026, Q1 2026, and Q4 2025 respectively.