Federal Agricultural Mortgage (AGM) Payables (2010 - 2026)
Federal Agricultural Mortgage's (AGM) quarterly Payables came in at $34.8 billion in Q2 2026, up 20.17% on a YoY basis from $29.0 billion in Q2 2025, and up 7.55% quarter-over-quarter from $32.4 billion in Q1 2026.
Analysis
Federal Agricultural Mortgage (AGM) Payables (2010 - 2026) Analysis & Trends
Federal Agricultural Mortgage (AGM) has reported Payables for 17 consecutive years, with $34.8 billion the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Payables rose 20.17% year-over-year to $34.8 billion; the trailing twelve-month figure through Jun 2026 stood at $34.8 billion (up 20.17% YoY), and the FY2025 full-year result was $31.0 billion, up 12.29% from the prior year.
- Payables grew to $34.8 billion in Q2 2026 per AGM's latest filing, from $32.4 billion in the prior quarter.
- Across five years, Payables topped out at $34.8 billion in Q2 2026 and bottomed at $23.5 billion in Q1 2022.
- Historically, Payables has averaged $27.2 billion across 5 years, with a median of $26.6 billion in 2024.
- The sharpest annual moves came in 2023 and 2026: Payables climbed 4.26% in 2023, then increased 20.17% in 2026.
- Over 5 years, Payables stood at $24.5 billion in 2022, then climbed by 7.64% to $26.4 billion in 2023, then rose by 4.44% to $27.6 billion in 2024, then increased by 12.29% to $31.0 billion in 2025, then increased by 12.43% to $34.8 billion in 2026.
- According to Business Quant data, Payables over the past three periods registered $34.8 billion, $32.4 billion, and $31.0 billion for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Payables (Qtr) |
|---|---|---|---|---|---|
| 1 | Rocket Companies | 46.15 Bn | 43.05 Bn | - | 4.17 Bn |
| 2 | Federal National Mortgage Association Fannie Mae | 30.33 Bn | 30.33 Bn | - | - |
| 3 | Figure Technology Solutions | 7.94 Bn | 6.40 Bn | 196.67 Mn | 58.22 Mn |
| 4 | PennyMac Financial Services | 3.45 Bn | 2.70 Bn | 480.08 Mn | 437.01 Mn |
| 5 | Federal Agricultural Mortgage | 2.40 Bn | 1.36 Bn | - | 34.82 Bn |
| 6 | UWM Holdings | 2.01 Bn | 2.36 Bn | - | 1.04 Bn |
| 7 | Walker & Dunlop | 1.26 Bn | 1.11 Bn | - | - |
| 8 | CNFinance Holdings | 1.25 Bn | 1.25 Bn | - | 12.38 Mn |
| 9 | Velocity Financial | 630.27 Mn | -6.82 Bn | - | 186.02 Mn |
| 10 | Onity | 266.14 Mn | 69.84 Mn | - | 2.06 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 34.82 Bn |
| Mar 31, 2026 | 32.38 Bn |
| Dec 31, 2025 | 30.98 Bn |
| Sep 30, 2025 | 29.29 Bn |
| Jun 30, 2025 | 28.98 Bn |
| Mar 31, 2025 | 28.05 Bn |
| Dec 31, 2024 | 27.59 Bn |
| Sep 30, 2024 | 27.21 Bn |
| Jun 30, 2024 | 26.67 Bn |
| Mar 31, 2024 | 26.58 Bn |
| Dec 31, 2023 | 26.41 Bn |
| Sep 30, 2023 | 25.18 Bn |
| Jun 30, 2023 | 24.58 Bn |
| Mar 31, 2023 | 24.92 Bn |
| Dec 31, 2022 | 24.54 Bn |
| Sep 30, 2022 | 23.80 Bn |
| Jun 30, 2022 | 23.57 Bn |
| Mar 31, 2022 | 23.46 Bn |
| Dec 31, 2021 | 22.79 Bn |
| Sep 30, 2021 | 22.41 Bn |