Federal Home Loan Mortgage (FMCC) Operating Expenses (2010 - 2026)

Federal Home Loan Mortgage's (FMCC) quarterly Operating Expenses came in at $2.0 billion in Q1 2026, down 3.16% year-on-year from $2.1 billion in Q1 2025, and down 10.45% on a QoQ basis from $2.3 billion in Q4 2025.

Federal Home Loan Mortgage (FMCC) Operating Expenses (2010 - 2026) Analysis & Trends

Federal Home Loan Mortgage (FMCC) has 17 years of Operating Expenses data on file, last reported at $2.0 billion in Q1 2026.

  • On a quarterly basis, Operating Expenses fell 3.16% year-over-year to $2.0 billion in Q1 2026; TTM through Mar 2026 was $8.6 billion, a 0.81% decrease from a year earlier, with the FY2025 full-year figure at $8.6 billion, changed 0.44% from the prior year.
  • Operating Expenses for Q1 2026 stood at $2.0 billion, down from $2.3 billion in the prior quarter.
  • Over the last five years, Operating Expenses for FMCC reached as high as $2.6 billion in Q3 2023 and fell as low as $1.8 billion in Q3 2022.
  • Historically, Operating Expenses has averaged $2.1 billion across 5 years, with a median of $2.1 billion in 2024.
  • Across the five-year window, Operating Expenses soared 41.15% in 2023 and fell 15.26% in 2024, its largest moves.
  • Year by year, Operating Expenses stood at $2.0 billion in 2022, then climbed by 7.25% to $2.2 billion in 2023, then advanced by 1.32% to $2.2 billion in 2024, then grew by 1.76% to $2.3 billion in 2025, then dropped by 10.45% to $2.0 billion in 2026.
  • Per Business Quant data, the three most recent Operating Expenses figures were $2.0 billion in Q1 2026, $2.3 billion in Q4 2025, and $2.1 billion in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Rocket Companies 38.33 Bn 35.64 Bn - 2.54 Bn
2 Federal National Mortgage Association Fannie Mae 35.67 Bn 35.67 Bn - 2.18 Bn
3 Federal Home Loan Mortgage 18.11 Bn 13.64 Bn - 2.02 Bn
4 PennyMac Financial Services 4.41 Bn 3.76 Bn 523.89 Mn 440.29 Mn
5 CNFinance Holdings 3.28 Bn 3.20 Bn - -
6 Walker & Dunlop 1.64 Bn 1.44 Bn - 275.38 Mn
7 Velocity Financial 681.36 Mn -6.51 Bn - 54.34 Mn
8 UWM Holdings 540.43 Mn 116.43 Mn - 575.39 Mn
9 Better Home & Finance Holding 362.34 Mn 298.07 Mn - 98.41 Mn
10 Onity 340.51 Mn 215.81 Mn - 132.20 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 2.02 Bn
Dec 31, 2025 2.26 Bn
Sep 30, 2025 2.12 Bn
Jun 30, 2025 2.16 Bn
Mar 31, 2025 2.09 Bn
Dec 31, 2024 2.22 Bn
Sep 30, 2024 2.18 Bn
Jun 30, 2024 2.13 Bn
Mar 31, 2024 2.12 Bn
Dec 31, 2023 2.19 Bn
Sep 30, 2023 2.58 Bn
Jun 30, 2023 2.20 Bn
Mar 31, 2023 1.93 Bn
Dec 31, 2022 2.04 Bn
Sep 30, 2022 1.83 Bn
Jun 30, 2022 2.02 Bn
Mar 31, 2022 1.93 Bn
Dec 31, 2021 1.99 Bn
Sep 30, 2021 1.84 Bn
Jun 30, 2021 1.97 Bn