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
DateValue
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%