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

Federal Agricultural Mortgage (AGM) has reported Operating Expenses for 17 consecutive years, with $11.6 million the latest figure, recorded in Q2 2026.

• For the quarter ending Q2 2026, Operating Expenses rose 6.74% year-over-year to $11.6 million; the trailing twelve-month figure through Jun 2026 stood at $45.8 million (down 21.87% YoY), and the FY2025 full-year result was $44.6 million, up 16.68% from the prior year.
• Operating Expenses advanced to $11.6 million in Q2 2026 per AGM's latest filing, from $11.3 million in the prior quarter.
• Across five years, Operating Expenses topped out at $27.2 million in Q1 2024 and bottomed at $10.8 million in Q1 2025.
• Historically, Operating Expenses has averaged $18.7 million across 5 years, with a median of $20.6 million in 2022.
• The sharpest annual moves came in 2023 and 2025: Operating Expenses gained 24.86% in 2023, then sank 60.4% in 2025.
• Over 5 years, Operating Expenses stood at $21.7 million in 2022, then gained by 16.02% to $25.2 million in 2023, then sank by 50.62% to $12.5 million in 2024, then decreased by 4.08% to $11.9 million in 2025, then decreased by 2.96% to $11.6 million in 2026.
• According to Business Quant data, Operating Expenses over the past three periods registered $11.6 million, $11.3 million, and $11.9 million for Q2 2026, Q1 2026, and Q4 2025 respectively.