PennyMac Financial Services (PFSI) Interest Expense - Fed Funds (2017 - 2026)
PennyMac Financial Services' Interest Expense - Fed Funds came in at $132.07 million for Q2 2026, up 17.2% from $112.69 million a year earlier and up 20.0% from the prior quarter.
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Analysis
PennyMac Financial Services (PFSI) Interest Expense - Fed Funds (2017 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, PennyMac Financial Services reported Interest Expense - Fed Funds of $485.44 million, up 14.5% year-over-year; for FY2025, it came in at $450.27 million, up 14.3% from FY2024.
- Interest Expense - Fed Funds has increased in each of the last three years, with a five-year compound annual growth rate of 31.9% (FY2020 to FY2025).
- Going back by year, Interest Expense - Fed Funds was $393.98 million in FY2024 (+41.1%), $279.29 million in FY2023 (+164.8%), $105.46 million in FY2022 (-35.7%) and $164.13 million in FY2021 (+45.5%).
- The Q2 2026 figure represents the highest quarterly Interest Expense - Fed Funds in data going back to Q3 2017.
- Year-over-year, Interest Expense - Fed Funds has increased for 15 consecutive quarters, with growth averaging 28.2% over the last eight quarters.
- The fastest year-over-year change in Interest Expense - Fed Funds over five years came in Q2 2023 (growth of 361.7%), and the weakest in Q2 2022 (a decline of 57.5%).
- Business Quant data shows PFSI's Interest Expense - Fed Funds at $110.02 million (Q1 2026), $122.18 million (Q4 2025) and $121.17 million (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Rocket Companies | 43.26 Bn | 28.94 Bn | - |
| 2 | Orix | 42.40 Bn | 42.90 Bn | - |
| 3 | Royalty Pharma | 33.56 Bn | 33.47 Bn | - |
| 4 | Federal National Mortgage Association Fannie Mae | 24.47 Bn | 24.47 Bn | - |
| 5 | Affirm Holdings | 23.34 Bn | 17.03 Bn | - |
| 6 | Synchrony Financial | 23.06 Bn | -44.91 Bn | - |
| 7 | Royal Gold | 19.98 Bn | 19.21 Bn | 390.45 Mn |
| 8 | Annaly Capital Management | 14.18 Bn | 5.27 Bn | - |
| 9 | Ares Capital | 13.71 Bn | 11.15 Bn | - |
| 10 | PennyMac Financial Services | 3.21 Bn | 258.68 Mn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 132.07 Mn |
| Mar 31, 2026 | 110.02 Mn |
| Dec 31, 2025 | 122.18 Mn |
| Sep 30, 2025 | 121.17 Mn |
| Jun 30, 2025 | 112.69 Mn |
| Mar 31, 2025 | 94.23 Mn |
| Dec 31, 2024 | 114.25 Mn |
| Sep 30, 2024 | 102.71 Mn |
| Jun 30, 2024 | 106.59 Mn |
| Mar 31, 2024 | 70.44 Mn |
| Dec 31, 2023 | 69.83 Mn |
| Sep 30, 2023 | 62.76 Mn |
| Jun 30, 2023 | 87.48 Mn |
| Mar 31, 2023 | 59.22 Mn |
| Dec 31, 2022 | 38.41 Mn |
| Sep 30, 2022 | 24.33 Mn |
| Jun 30, 2022 | 18.95 Mn |
| Mar 31, 2022 | 23.77 Mn |
| Dec 31, 2021 | 31.55 Mn |
| Sep 30, 2021 | 35.78 Mn |
API Access
PennyMac Financial Services Interest Expense - Fed Funds API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=interest-expense-fed-funds&ticker=PFSI&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "interest-expense-fed-funds", "ticker": "PFSI", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=interest-expense-fed-funds&ticker=PFSI&period=max&api_key=YOUR_API_KEY");
const data = await res.json();