Federal Home Loan Mortgage (FMCC) Operating Expenses (2010 - 2026)
Federal Home Loan Mortgage (FMCC) reported Operating Expenses of $2.0 billion for Q1 2026, down 3.16% year-over-year from $2.1 billion in Q1 2025, and down 10.45% quarter-over-quarter 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.
- Operating Expenses for Q1 2026 came in at $2.0 billion, down 3.16% year-over-year; the trailing twelve-month figure through Mar 2026 was $8.6 billion (down 0.81% YoY), and the FY2025 annual result was $8.6 billion, changed 0.44% from the prior year.
- Operating Expenses slipped to $2.0 billion in Q1 2026 per FMCC's latest filing, from $2.3 billion in the prior quarter.
- Over five years, Operating Expenses peaked at $2.6 billion in Q3 2023 and troughed at $1.8 billion in Q3 2022.
- A 5-year average of $2.1 billion and a median of $2.1 billion in 2024 frame the typical range for Operating Expenses.
- The sharpest annual moves came in 2023 and 2024: Operating Expenses surged 41.15% in 2023, then decreased 15.26% in 2024.
- A 5-year view of Operating Expenses shows it stood at $2.0 billion in 2022, then rose by 7.25% to $2.2 billion in 2023, then increased by 1.32% to $2.2 billion in 2024, then gained by 1.76% to $2.3 billion in 2025, then retreated by 10.45% to $2.0 billion in 2026.
- Business Quant data shows FMCC's Operating Expenses at $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 | 34.85 Bn | 32.16 Bn | - | 2.54 Bn |
| 2 | PennyMac Financial Services | 4.14 Bn | 3.65 Bn | 523.89 Mn | 440.29 Mn |
| 3 | Walker & Dunlop | 1.73 Bn | 1.55 Bn | - | 275.38 Mn |
| 4 | UWM Holdings | 743.45 Mn | 1.57 Bn | - | 575.39 Mn |
| 5 | Velocity Financial | 668.42 Mn | 583.96 Mn | - | 54.34 Mn |
| 6 | CNFinance Holdings | 591.78 Mn | 542.97 Mn | - | - |
| 7 | Better Home & Finance Holding | 419.52 Mn | 349.24 Mn | - | 98.41 Mn |
| 8 | Onity | 306.24 Mn | 306.24 Mn | - | 132.20 Mn |
| 9 | loanDepot | 209.70 Mn | -4.79 Mn | - | 341.50 Mn |
| 10 | Federal Home Loan Mortgage | - | - | - | 2.02 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |