PennyMac Financial Services (PFSI) Gross Margin (2017 - 2026)
PennyMac Financial Services (PFSI) reported Gross Margin of 96.13% for Q1 2026, down 168.0% year-over-year from 141.37% in Q1 2025, and down 3.38% quarter-over-quarter from 99.49% 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.
- Gross Margin for Q1 2026 came in at 96.13%, down 168.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 98.09% (up 131.0% YoY), and the FY2025 annual result was 97.75%, up 7951.0% from the prior year.
- Gross Margin slipped to 96.13% in Q1 2026 per PFSI's latest filing, from 99.49% in the prior quarter.
- Over five years, Gross Margin peaked at 99.81% in Q4 2022 and troughed at 206.16% in Q3 2025.
- A 5-year average of 39.15% and a median of 97.21% in 2025 frame the typical range for Gross Margin.
- The sharpest annual moves came in 2022 and 2025: Gross Margin jumped 41279 bps in 2022, then plunged 30492 bps in 2025.
- A 5-year view of Gross Margin shows it stood at 99.81% in 2022, then decreased by 0 bps to 99.7% in 2023, then tumbled by 190 bps to 90.23% in 2024, then surged by 210 bps to 99.49% in 2025, then fell by 3 bps to 96.13% in 2026.
- Business Quant data shows PFSI's Gross Margin at 96.13% in Q1 2026, 99.49% in Q4 2025, and 206.16% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Rocket Companies | 34.85 Bn | 32.16 Bn | - | - |
| 2 | PennyMac Financial Services | 4.14 Bn | 3.65 Bn | 523.89 Mn | 96.13% |
| 3 | Walker & Dunlop | 1.73 Bn | 1.55 Bn | - | - |
| 4 | UWM Holdings | 743.45 Mn | 1.57 Bn | - | - |
| 5 | Velocity Financial | 668.42 Mn | 583.96 Mn | - | - |
| 6 | CNFinance Holdings | 591.78 Mn | 542.97 Mn | - | - |
| 7 | Better Home & Finance Holding | 419.52 Mn | 349.24 Mn | - | - |
| 8 | Onity | 306.24 Mn | 306.24 Mn | - | - |
| 9 | loanDepot | 209.70 Mn | -4.79 Mn | - | - |
| 10 | Greystone Housing Impact Investors | 120.06 Mn | 120.06 Mn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 96.13% |
| Dec 31, 2025 | 99.49% |
| Sep 30, 2025 | -206.16% |
| Jun 30, 2025 | 97.21% |
| Mar 31, 2025 | 97.81% |
| Dec 31, 2024 | -90.23% |
| Sep 30, 2024 | 98.76% |
| Jun 30, 2024 | 65.39% |
| Mar 31, 2024 | -1.49% |
| Dec 31, 2023 | 99.70% |
| Sep 30, 2023 | 98.84% |
| Jun 30, 2023 | 98.34% |
| Mar 31, 2023 | -47.65% |
| Dec 31, 2022 | 99.81% |
| Sep 30, 2022 | -134.53% |
| Jun 30, 2022 | 97.46% |
| Mar 31, 2022 | 96.59% |
| Dec 31, 2021 | 97.61% |
| Sep 30, 2021 | 98.56% |
| Jun 30, 2021 | -315.33% |