PennyMac Financial Services (PFSI) Net Margin (2017 - 2026)
PennyMac Financial Services (PFSI) recorded Net Margin of 4.37% in Q2 2026, down 26.31 percentage points from 30.68% a year earlier and down 10.73 percentage points from the prior quarter.
Powered by 
Analysis
PennyMac Financial Services (PFSI) Net Margin (2017 - 2026) Analysis & Trends
On a TTM basis, PennyMac Financial Services' Net Margin came in at 17.73% as of Jun 30, 2026, down 4.26 percentage points year-over-year; for FY2025, it came in at 24.48%, up 4.94 percentage points from FY2024.
- Annual Net Margin has a five-year change of -19.96 percentage points (FY2020 to FY2025).
- Across earlier years, Net Margin came in at 19.54% in FY2024 (+9.22 pp), 10.32% in FY2023 (-13.63 pp), 23.95% in FY2022 (-7.74 pp) and 31.68% in FY2021 (-12.76 pp).
- The Q2 2026 figure is the lowest quarterly Net Margin since Q4 2023.
- On a year-over-year basis, Net Margin has declined for three consecutive quarters, with an average year-over-year change of +2.24 percentage points over the last eight quarters.
- Peak year-over-year performance for Net Margin in the last five years was a gain of 32.41 percentage points in Q4 2024, against a drop of 26.31 percentage points in Q2 2026 at the low end.
- Per Business Quant, the preceding three quarters came in at 15.11% (Q1 2026), 19.86% (Q4 2025) and 28.68% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Rocket Companies | 43.90 Bn | 29.58 Bn | - | 8.26% |
| 2 | Orix | 42.96 Bn | 43.46 Bn | - | 32.04% |
| 3 | Royalty Pharma | 33.48 Bn | 33.39 Bn | - | 2.65% |
| 4 | Federal National Mortgage Association Fannie Mae | 23.94 Bn | 23.94 Bn | - | 2.02% |
| 5 | Affirm Holdings | 23.37 Bn | 17.06 Bn | - | 138.65% |
| 6 | Synchrony Financial | 23.31 Bn | -44.66 Bn | - | 18.21% |
| 7 | Royal Gold | 20.23 Bn | 19.45 Bn | 390.45 Mn | 52.47% |
| 8 | Annaly Capital Management | 15.24 Bn | 6.34 Bn | - | - |
| 9 | Ares Capital | 13.90 Bn | 11.34 Bn | - | - |
| 10 | PennyMac Financial Services | 3.31 Bn | 357.90 Mn | - | 4.37% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 4.37% |
| Mar 31, 2026 | 15.11% |
| Dec 31, 2025 | 19.86% |
| Sep 30, 2025 | 28.68% |
| Jun 30, 2025 | 30.68% |
| Mar 31, 2025 | 17.70% |
| Dec 31, 2024 | 22.23% |
| Sep 30, 2024 | 16.84% |
| Jun 30, 2024 | 24.19% |
| Mar 31, 2024 | 12.86% |
| Dec 31, 2023 | -10.18% |
| Sep 30, 2023 | 23.20% |
| Jun 30, 2023 | 17.31% |
| Mar 31, 2023 | 10.03% |
| Dec 31, 2022 | 11.05% |
| Sep 30, 2022 | 28.37% |
| Jun 30, 2022 | 25.25% |
| Mar 31, 2022 | 26.40% |
| Dec 31, 2021 | 24.95% |
| Sep 30, 2021 | 31.69% |
API Access
PennyMac Financial Services Net Margin 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=net-margin&ticker=PFSI&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "net-margin", "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=net-margin&ticker=PFSI&period=max&api_key=YOUR_API_KEY");
const data = await res.json();