National Rural Utilities Cooperative Finance (NRUC) Notes Payables (2012 - 2026)

National Rural Utilities Cooperative Finance's (NRUC) quarterly Notes Payables came in at $5.1 billion in Q1 2026, up 20.42% year-on-year from $4.2 billion in Q1 2025, and down 12.28% quarter-over-quarter from $5.8 billion in Q4 2025.

National Rural Utilities Cooperative Finance (NRUC) Notes Payables (2012 - 2026) Analysis & Trends

National Rural Utilities Cooperative Finance has disclosed Notes Payables across 15 years of filings, most recently posting $5.1 billion for Q1 2026.

  • Notes Payables for Q1 2026 came in at $5.1 billion, up 20.42% year-over-year; the trailing twelve-month figure through Feb 2026 was $5.1 billion (up 20.42% YoY), and the FY2025 annual result was $5.1 billion, up 17.51% from the prior year.
  • Notes Payables came in at $5.1 billion for Q1 2026 at National Rural Utilities Cooperative Finance, down from $5.8 billion in the prior quarter.
  • In the past five years, Notes Payables ranged from a high of $5.8 billion in Q4 2025 to a low of $4.2 billion in Q1 2025.
  • The 5-year median for Notes Payables is $4.9 billion (2023), against an average of $4.9 billion.
  • Across the five-year window, Notes Payables fell 13.8% in 2024 and climbed 29.45% in 2025, its largest moves.
  • National Rural Utilities Cooperative Finance's Notes Payables stood at $5.6 billion in 2022, then decreased by 7.73% to $5.2 billion in 2023, then dropped by 12.97% to $4.5 billion in 2024, then grew by 29.45% to $5.8 billion in 2025, then decreased by 12.28% to $5.1 billion in 2026.
  • The last three Notes Payables figures came in at $5.1 billion (Q1 2026), $5.8 billion (Q4 2025), and $4.8 billion (Q3 2025), per Business Quant data.

Peer Comparison

Historic Data

Download Data
DateValue
Feb 28, 2026 5.10 Bn
Nov 30, 2025 5.82 Bn
Aug 31, 2025 4.84 Bn
May 31, 2025 5.09 Bn
Feb 28, 2025 4.24 Bn
Nov 30, 2024 4.49 Bn
Aug 31, 2024 4.42 Bn
May 31, 2024 4.33 Bn
Feb 29, 2024 4.60 Bn
Nov 30, 2023 5.16 Bn
Aug 31, 2023 5.12 Bn
May 31, 2023 4.55 Bn
Feb 28, 2023 4.90 Bn
Nov 30, 2022 5.59 Bn
Aug 31, 2022 5.27 Bn
May 31, 2022 4.98 Bn
Feb 28, 2022 4.43 Bn
Nov 30, 2021 4.75 Bn
Aug 31, 2021 5.38 Bn
May 31, 2021 4.58 Bn