PennyMac Financial Services (PFSI) Gross Margin (2017 - 2026)
PennyMac Financial Services' (PFSI) quarterly Gross Margin came in at 96.13% in Q1 2026, down 168.0% year-on-year from 141.37% in Q1 2025, and up 239.29% on a QoQ basis from 69.01% in Q4 2025.
PennyMac Financial Services (PFSI) Gross Margin (2017 - 2026) Analysis & Trends
PennyMac Financial Services (PFSI) has 9 years of Gross Margin data on file, last reported at 96.13% in Q1 2026.
- On a quarterly basis, Gross Margin fell 168.0% year-over-year to 96.13% in Q1 2026; TTM through Mar 2026 was 95.14%, a 265.0% decrease from a year earlier, with the FY2025 full-year figure at 129.46%, down 14769.0% from the prior year.
- Gross Margin for Q1 2026 stood at 96.13%, up from 69.01% in the prior quarter.
- Over the last five years, Gross Margin for PFSI reached as high as 100.41% in Q4 2023 and fell as low as 391.39% in Q2 2022.
- Historically, Gross Margin has averaged 0.79% across 5 years, with a median of 96.59% in 2022.
- On a YoY basis, Gross Margin climbed as much as 64405 bps in 2022 and fell as far as 49001 bps in 2022.
- Year by year, Gross Margin stood at 99.81% in 2022, then grew by 1 bps to 100.41% in 2023, then plunged by 190 bps to 90.23% in 2024, then grew by 24 bps to 69.01% in 2025, then surged by 239 bps to 96.13% in 2026.
- Per Business Quant data, the three most recent Gross Margin figures were 96.13% in Q1 2026, 69.01% in Q4 2025, and 97.79% in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Rocket Companies | 38.33 Bn | 35.64 Bn | - | - |
| 2 | Federal National Mortgage Association Fannie Mae | 35.67 Bn | 35.67 Bn | - | - |
| 3 | Federal Home Loan Mortgage | 18.11 Bn | 13.64 Bn | - | - |
| 4 | PennyMac Financial Services | 4.41 Bn | 3.76 Bn | 523.89 Mn | 96.13% |
| 5 | CNFinance Holdings | 3.28 Bn | 3.20 Bn | - | - |
| 6 | Walker & Dunlop | 1.64 Bn | 1.44 Bn | - | - |
| 7 | Velocity Financial | 681.36 Mn | -6.51 Bn | - | - |
| 8 | UWM Holdings | 540.43 Mn | 116.43 Mn | - | - |
| 9 | Better Home & Finance Holding | 362.34 Mn | 298.07 Mn | - | - |
| 10 | Onity | 340.51 Mn | 215.81 Mn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 96.13% |
| Dec 31, 2025 | -69.01% |
| Sep 30, 2025 | 97.79% |
| Jun 30, 2025 | -174.34% |
| Mar 31, 2025 | 97.81% |
| Dec 31, 2024 | -90.23% |
| Sep 30, 2024 | 98.76% |
| Jun 30, 2024 | 98.66% |
| Mar 31, 2024 | 98.80% |
| Dec 31, 2023 | 100.41% |
| Sep 30, 2023 | 98.84% |
| Jun 30, 2023 | -89.86% |
| Mar 31, 2023 | -47.65% |
| Dec 31, 2022 | 99.81% |
| Sep 30, 2022 | -134.53% |
| Jun 30, 2022 | -391.39% |
| Mar 31, 2022 | 96.59% |
| Dec 31, 2021 | 97.61% |
| Sep 30, 2021 | -778.58% |
| Jun 30, 2021 | 98.62% |