PennyMac Financial Services (PFSI) Gross Margin (2017 - 2026)
PennyMac Financial Services (PFSI) posted quarterly Gross Margin of 96.13% for Q1 2026, down 168.0% year-over-year from 141.37% in Q1 2025, and up 239.29% quarter-over-quarter from 69.01% in Q4 2025.
PennyMac Financial Services (PFSI) Gross Margin (2017 - 2026) Analysis & Trends
PennyMac Financial Services (PFSI) has reported Gross Margin for 9 consecutive years, with 96.13% the latest figure, recorded in Q1 2026.
- In Q1 2026, Gross Margin fell 168.0% year-over-year to 96.13%; the TTM figure through Mar 2026 stood at 95.14% (down 265.0% YoY), while the FY2025 annual figure was 129.46%, down 14769.0% from the prior year.
- Gross Margin climbed to 96.13% in Q1 2026 per PFSI's latest filing, from 69.01% in the prior quarter.
- Across five years, Gross Margin topped out at 100.41% in Q4 2023 and bottomed at 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.
- PennyMac Financial Services' Gross Margin stood at 99.81% in 2022, then advanced by 1 bps to 100.41% in 2023, then plunged by 190 bps to 90.23% in 2024, then advanced by 24 bps to 69.01% in 2025, then soared by 239 bps to 96.13% in 2026.
- Business Quant data shows PFSI's Gross Margin at 96.13% in Q1 2026, 69.01% in Q4 2025, and 97.79% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Rocket Companies | 40.09 Bn | 36.99 Bn | - | - |
| 2 | Federal National Mortgage Association Fannie Mae | 36.90 Bn | 36.90 Bn | - | - |
| 3 | Federal Home Loan Mortgage | 18.50 Bn | 14.18 Bn | - | - |
| 4 | PennyMac Financial Services | 3.94 Bn | 3.19 Bn | 480.08 Mn | 96.60% |
| 5 | CNFinance Holdings | 1.54 Bn | 1.47 Bn | - | - |
| 6 | Walker & Dunlop | 1.34 Bn | 1.18 Bn | - | - |
| 7 | Velocity Financial | 708.37 Mn | -6.74 Bn | - | - |
| 8 | UWM Holdings | 482.66 Mn | -15.75 Mn | - | - |
| 9 | Onity | 310.60 Mn | 114.30 Mn | - | - |
| 10 | loanDepot | 204.05 Mn | -107.08 Mn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 96.60% |
| 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% |