National Rural Utilities Cooperative Finance (NRUC) Operating Expenses (2010 - 2026)

National Rural Utilities Cooperative Finance's Operating Expenses history runs 17 years deep, the most recent figure standing at $38.4 million for Q1 2026.

• In Q1 2026, Operating Expenses rose 14.07% year-over-year to $38.4 million; the TTM figure through Feb 2026 stood at $163.5 million (up 15.77% YoY), while the FY2025 annual figure was $152.3 million, up 17.54% from the prior year.
• Operating Expenses came in at $38.4 million for Q1 2026 at National Rural Utilities Cooperative Finance, roughly flat from $38.2 million in the prior quarter.
• In the past five years, Operating Expenses ranged from a high of $45.9 million in Q2 2025 to a low of $23.9 million in Q1 2022.
• A 5-year average of $33.0 million and a median of $32.6 million in 2023 frame the typical range for Operating Expenses.
• Across the five-year window, Operating Expenses increased 0.25% in 2022 and jumped 31.67% in 2025, its largest moves.
• National Rural Utilities Cooperative Finance's Operating Expenses stood at $27.6 million in 2022, then increased by 15.17% to $31.8 million in 2023, then climbed by 13.8% to $36.2 million in 2024, then climbed by 5.72% to $38.2 million in 2025, then gained by 0.28% to $38.4 million in 2026.
• According to Business Quant data, Operating Expenses over the past three periods registered $38.4 million, $38.2 million, and $41.0 million for Q1 2026, Q4 2025, and Q3 2025 respectively.

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