Federal Agricultural Mortgage (AGM) Operating Expenses (2010 - 2026)

Federal Agricultural Mortgage has reported Operating Expenses for 17 years, with the latest figure at $11.3 million in Q1 2026.

• For the quarter ending Q1 2026, Operating Expenses rose 4.68% year-over-year to $11.3 million; the trailing twelve-month figure through Mar 2026 stood at $45.1 million (down 37.63% YoY), and the FY2025 full-year result was $44.6 million, up 16.68% from the prior year.
• Operating Expenses for Q1 2026 stood at $11.3 million, down from $11.9 million in the prior quarter.
• The five-year high for Operating Expenses was $27.2 million in Q1 2024, with the low at $10.8 million in Q1 2025.
• Historically, Operating Expenses has averaged $19.1 million across 5 years, with a median of $21.3 million in 2022.
• Annual changes were most pronounced in 2023 — Operating Expenses rose 24.86% — and 2025, when it plunged 60.4%.
• Federal Agricultural Mortgage's Operating Expenses stood at $21.7 million in 2022, then increased by 16.02% to $25.2 million in 2023, then tumbled by 50.62% to $12.5 million in 2024, then fell by 4.08% to $11.9 million in 2025, then slipped by 5.71% to $11.3 million in 2026.
• The last three Operating Expenses figures came in at $11.3 million (Q1 2026), $11.9 million (Q4 2025), and $11.1 million (Q3 2025), per Business Quant data.