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

National Rural Utilities Cooperative Finance has disclosed Operating Expenses across 17 years of filings, most recently posting $38.4 million for Q1 2026.

• Operating Expenses for Q1 2026 came in at $38.4 million, up 14.07% year-over-year; the trailing twelve-month figure through Feb 2026 was $163.5 million (up 15.77% YoY), and the FY2025 annual result 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.
• The 5-year median for Operating Expenses is $32.6 million (2023), against an average of $33.0 million.
• Across the five-year window, Operating Expenses grew 0.25% in 2022 and soared 31.67% in 2025, its largest moves.
• National Rural Utilities Cooperative Finance's Operating Expenses stood at $27.6 million in 2022, then grew by 15.17% to $31.8 million in 2023, then advanced by 13.8% to $36.2 million in 2024, then advanced by 5.72% to $38.2 million in 2025, then rose by 0.28% to $38.4 million in 2026.
• The last three Operating Expenses figures came in at $38.4 million (Q1 2026), $38.2 million (Q4 2025), and $41.0 million (Q3 2025), per Business Quant data.