Federal Agricultural Mortgage (AGM) Net Margin (2010 - 2026)
Federal Agricultural Mortgage's Net Margin was 47.10% in Q2 2026, down 0.81 percentage points from 47.91% a year earlier and down 0.40 percentage points from the prior quarter.
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Analysis
Federal Agricultural Mortgage (AGM) Net Margin (2010 - 2026) Analysis & Trends
On a trailing twelve-month basis, Federal Agricultural Mortgage's Net Margin was 44.90% through Jun 30, 2026, down 3.06 percentage points year-over-year; for FY2025, it was 44.69%, down 3.42 percentage points from FY2024.
- Net Margin shows a five-year change of +0.32 percentage points (FY2020 to FY2025).
- In earlier years, Net Margin was 48.11% in FY2024 (-1.13 pp), 49.23% in FY2023 (+0.47 pp), 48.76% in FY2022 (+3.29 pp) and 45.47% in FY2021 (+1.10 pp).
- Quarterly Net Margin has moved between 37.82% (Q4 2025) and 52.85% (Q3 2023) over five years.
- Compared with a year earlier, Net Margin was higher in three of the last eight quarters, with an average year-over-year change of -2.08 percentage points.
- The best year-over-year quarter for Net Margin over five years was Q1 2022 (a gain of 6.34 percentage points); the worst was Q4 2025 (a drop of 12.40 percentage points).
- Per Business Quant data, AGM's Net Margin in the three quarters before Q2 2026 was 47.50% (Q1 2026), 37.82% (Q4 2025) and 46.84% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Rocket Companies | 42.82 Bn | 31.64 Bn | - | 21.59% |
| 2 | Orix | 38.85 Bn | 7.58 Bn | 12.74 Bn | 12.99% |
| 3 | Royalty Pharma | 30.02 Bn | 27.40 Bn | - | 20.96% |
| 4 | Federal National Mortgage Association Fannie Mae | 26.05 Bn | 26.05 Bn | - | 12.38% |
| 5 | Synchrony Financial | 23.55 Bn | -44.08 Bn | - | 17.58% |
| 6 | Affirm Holdings | 23.27 Bn | 16.32 Bn | - | 13.01% |
| 7 | Royal Gold | 22.53 Bn | 21.71 Bn | 390.45 Mn | 52.47% |
| 8 | Annaly Capital Management | 14.32 Bn | 5.27 Bn | - | -121.54% |
| 9 | Ares Capital | 13.77 Bn | 11.52 Bn | - | 41.81% |
| 10 | Federal Agricultural Mortgage | 1.95 Bn | -1.69 Bn | - | 47.10% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 47.10% |
| Mar 31, 2026 | 47.50% |
| Dec 31, 2025 | 37.82% |
| Sep 30, 2025 | 46.84% |
| Jun 30, 2025 | 47.91% |
| Mar 31, 2025 | 46.63% |
| Dec 31, 2024 | 50.22% |
| Sep 30, 2024 | 46.88% |
| Jun 30, 2024 | 44.86% |
| Mar 31, 2024 | 50.12% |
| Dec 31, 2023 | 48.06% |
| Sep 30, 2023 | 52.85% |
| Jun 30, 2023 | 47.81% |
| Mar 31, 2023 | 47.68% |
| Dec 31, 2022 | 46.33% |
| Sep 30, 2022 | 48.06% |
| Jun 30, 2022 | 48.98% |
| Mar 31, 2022 | 51.37% |
| Dec 31, 2021 | 43.61% |
| Sep 30, 2021 | 45.89% |
API Access
Federal Agricultural Mortgage Net Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=net-margin&ticker=AGM&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "net-margin", "ticker": "AGM", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=net-margin&ticker=AGM&period=max&api_key=YOUR_API_KEY");
const data = await res.json();