AGNC Investment (AGNC) Operating Expenses (2010 - 2026)
AGNC Investment (AGNC) recorded Operating Expenses of $30 million in Q2 2026, up 7.1% from $28 million a year earlier but down 11.8% from the prior quarter.
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Analysis
AGNC Investment (AGNC) Operating Expenses (2010 - 2026) Analysis & Trends
On a TTM basis, AGNC Investment's Operating Expenses came in at $135 million as of Jun 30, 2026, up 14.4% year-over-year; for FY2025, it came in at $127 million, up 15.5% from FY2024.
- Annual Operating Expenses has increased for three straight years, with a five-year compound annual growth rate of 6.4% (FY2020 to FY2025).
- Across earlier years, Operating Expenses came in at $110 million in FY2024 (+14.6%), $96 million in FY2023 (+29.7%), $74 million in FY2022 (-15.9%) and $88 million in FY2021 (-5.4%).
- Quarterly Operating Expenses has ranged from $14 million in Q4 2022 to $41 million in Q4 2025 over the past five years.
- On a year-over-year basis, Operating Expenses has increased for three consecutive quarters, with growth averaging 16.8% over the last eight quarters.
- Peak year-over-year performance for Operating Expenses in the last five years was growth of 100.0% in Q4 2023, against a decline of 30.0% in Q4 2022 at the low end.
- Per Business Quant, the preceding three quarters came in at $34 million (Q1 2026), $41 million (Q4 2025) and $30 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Orix | 43.85 Bn | 44.35 Bn | - | 4.66 Bn |
| 2 | Rocket Companies | 43.67 Bn | 29.35 Bn | - | 2.50 Bn |
| 3 | Royalty Pharma | 33.56 Bn | 33.48 Bn | - | 541.02 Mn |
| 4 | Federal National Mortgage Association Fannie Mae | 25.52 Bn | 25.52 Bn | - | 2.07 Bn |
| 5 | Synchrony Financial | 23.24 Bn | -44.73 Bn | - | 1.33 Bn |
| 6 | Affirm Holdings | 22.66 Bn | 16.35 Bn | - | 1.02 Bn |
| 7 | Royal Gold | 20.35 Bn | 19.57 Bn | 390.45 Mn | 173.18 Mn |
| 8 | Annaly Capital Management | 15.27 Bn | 6.37 Bn | - | 58.19 Mn |
| 9 | Ares Capital | 13.74 Bn | 11.17 Bn | - | - |
| 10 | AGNC Investment | 11.01 Bn | 9.16 Bn | - | 30.00 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 30.00 Mn |
| 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 |
API Access
AGNC Investment Operating Expenses 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=operating-expenses&ticker=AGNC&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-expenses", "ticker": "AGNC", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-expenses&ticker=AGNC&period=max&api_key=YOUR_API_KEY");
const data = await res.json();