National Rural Utilities Cooperative Finance (NRUC) Net Margin (2010 - 2026)

National Rural Utilities Cooperative Finance has disclosed Net Margin across 17 years of filings, most recently posting 43.3% for Q1 2026.

• Net Margin for Q1 2026 came in at 43.3%, down 3424.0% year-over-year; the trailing twelve-month figure through Feb 2026 was 44.74% (down 1872.0% YoY), and the FY2025 annual result was 51.38%, down 3351.0% from the prior year.
• Net Margin came in at 43.3% for Q1 2026 at National Rural Utilities Cooperative Finance, up from 33.96% in the prior quarter.
• In the past five years, Net Margin ranged from a high of 126.13% in Q3 2024 to a low of 133.04% in Q2 2023.
• The 5-year median for Net Margin is 82.76% (2024), against an average of 64.13%.
• Across the five-year window, Net Margin sank 22979 bps in 2023 and jumped 21580 bps in 2024, its largest moves.
• National Rural Utilities Cooperative Finance's Net Margin stood at 84.77% in 2022, then increased by 1 bps to 85.29% in 2023, then fell by 5 bps to 81.29% in 2024, then tumbled by 58 bps to 33.96% in 2025, then climbed by 28 bps to 43.3% in 2026.
• The last three Net Margin figures came in at 43.3% (Q1 2026), 33.96% (Q4 2025), and 10.31% (Q3 2025), per Business Quant data.