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

AGNC Investment (AGNCL) reported Operating Expenses of $34.0 million for Q1 2026, up 21.43% year-over-year from $28.0 million in Q1 2025, and down 17.07% quarter-over-quarter from $41.0 million in Q4 2025.

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

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

  • Operating Expenses for Q1 2026 came in at $34.0 million, up 21.43% year-over-year; the trailing twelve-month figure through Mar 2026 was $133.0 million (up 16.67% YoY), and the FY2025 annual result was $127.0 million, up 15.45% from the prior year.
  • Operating Expenses fell to $34.0 million in Q1 2026 per AGNCL's latest filing, from $41.0 million in the prior quarter.
  • Over five years, Operating Expenses peaked at $41.0 million in Q4 2025 and troughed at $14.0 million in Q4 2022.
  • A 5-year average of $25.9 million and a median of $24.0 million in 2024 frame the typical range for Operating Expenses.
  • The sharpest annual moves came in 2022 and 2023: Operating Expenses slumped 30.0% in 2022, then jumped 100.0% in 2023.
  • A 5-year view of Operating Expenses shows it stood at $14.0 million in 2022, then jumped by 100.0% to $28.0 million in 2023, then grew by 14.29% to $32.0 million in 2024, then grew by 28.12% to $41.0 million in 2025, then decreased by 17.07% to $34.0 million in 2026.
  • Business Quant data shows AGNCL's Operating Expenses at $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 15.34 Bn 13.08 Bn - 63.74 Mn
2 AGNC Investment 11.42 Bn 10.75 Bn - 34.00 Mn
3 Starwood Property Trust 6.25 Bn 6.25 Bn - 480.31 Mn
4 Rithm Capital 5.08 Bn 4.78 Bn - 1.24 Bn
5 Blackstone Mortgage Trust 3.10 Bn 2.56 Bn - 110.77 Mn
6 Dynex Capital 2.58 Bn 1.80 Bn - 21.25 Mn
7 Armour Residential REIT 2.05 Bn 1.32 Bn - 15.35 Mn
8 Ellington Financial 1.67 Bn 1.39 Bn - 80.37 Mn
9 Two Harbors Investment 1.29 Bn 746.67 Mn - 49.45 Mn
10 AGNC Investment - - - 34.00 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