AGNC Investment (AGNC) Operating Expenses (2010 - 2026)

AGNC Investment's (AGNC) quarterly Operating Expenses came in at $34.0 million in Q1 2026, up 21.43% year-on-year from $28.0 million in Q1 2025, and down 17.07% on a QoQ basis from $41.0 million in Q4 2025.

AGNC Investment (AGNC) Operating Expenses (2010 - 2026) Analysis & Trends

AGNC Investment (AGNC) has 17 years of Operating Expenses data on file, last reported at $34.0 million in Q1 2026.

  • On a quarterly basis, Operating Expenses rose 21.43% year-over-year to $34.0 million in Q1 2026; TTM through Mar 2026 was $133.0 million, a 16.67% increase from a year earlier, with the FY2025 full-year figure at $127.0 million, up 15.45% from the prior year.
  • Operating Expenses for Q1 2026 stood at $34.0 million, down from $41.0 million in the prior quarter.
  • Over the last five years, Operating Expenses for AGNC reached as high as $41.0 million in Q4 2025 and fell as low as $14.0 million in Q4 2022.
  • Historically, Operating Expenses has averaged $25.9 million across 5 years, with a median of $24.0 million in 2024.
  • Across the five-year window, Operating Expenses plunged 30.0% in 2022 and surged 100.0% in 2023, its largest moves.
  • Year by year, Operating Expenses stood at $14.0 million in 2022, then jumped by 100.0% to $28.0 million in 2023, then gained by 14.29% to $32.0 million in 2024, then gained by 28.12% to $41.0 million in 2025, then declined by 17.07% to $34.0 million in 2026.
  • Per Business Quant data, the three most recent Operating Expenses figures were $34.0 million in Q1 2026, $41.0 million in Q4 2025, and $30.0 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Annaly Capital Management 16.30 Bn 14.44 Bn - 63.74 Mn
2 AGNC Investment 11.85 Bn 11.36 Bn - 34.00 Mn
3 Starwood Property Trust 5.99 Bn 5.94 Bn - 480.31 Mn
4 Rithm Capital 5.01 Bn 5.01 Bn - 1.24 Bn
5 Blackstone Mortgage Trust 2.78 Bn 2.24 Bn - 110.77 Mn
6 Ellington Financial 1.63 Bn 1.51 Bn - 80.37 Mn
7 Dynex Capital 1.56 Bn 1.05 Bn - 21.25 Mn
8 Armour Residential REIT 1.42 Bn 1.34 Bn - 17.16 Mn
9 Two Harbors Investment 1.27 Bn 987.19 Mn - 49.45 Mn
10 Ladder Capital 1.20 Bn 1.17 Bn - 48.74 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 34.00 Mn
Dec 31, 2025 41.00 Mn
Sep 30, 2025 30.00 Mn
Jun 30, 2025 28.00 Mn
Mar 31, 2025 28.00 Mn
Dec 31, 2024 32.00 Mn
Sep 30, 2024 30.00 Mn
Jun 30, 2024 24.00 Mn
Mar 31, 2024 24.00 Mn
Dec 31, 2023 28.00 Mn
Sep 30, 2023 23.00 Mn
Jun 30, 2023 23.00 Mn
Mar 31, 2023 22.00 Mn
Dec 31, 2022 14.00 Mn
Sep 30, 2022 19.00 Mn
Jun 30, 2022 20.00 Mn
Mar 31, 2022 21.00 Mn
Dec 31, 2021 20.00 Mn
Sep 30, 2021 22.00 Mn
Jun 30, 2021 22.00 Mn