PennyMac Financial Services PFSI
NYSE PFSI
$69.78 -1.13 (-1.59%)
As of: Sep 10, 2026 · 3:59 PM EDT

PennyMac Financial Services (PFSI) Operating Expenses (2017 - 2026)

PennyMac Financial Services' (PFSI) quarterly Operating Expenses came in at $465.4 million in Q2 2026, up 26.38% year-over-year from $368.3 million in Q2 2025, and up 5.71% quarter-over-quarter from $440.3 million in Q1 2026.

Analysis

PennyMac Financial Services (PFSI) Operating Expenses (2017 - 2026) Analysis & Trends

PennyMac Financial Services (PFSI) has reported Operating Expenses for 10 consecutive years, with $465.4 million the latest figure, recorded in Q2 2026.

  • On a quarterly basis, Operating Expenses rose 26.38% year-over-year to $465.4 million in Q2 2026; TTM through Jun 2026 was $1.7 billion, a 26.02% increase from a year earlier, with the FY2025 full-year figure at $1.5 billion, up 25.36% from the prior year.
  • Operating Expenses was $465.4 million for Q2 2026 at PennyMac Financial Services, up from $440.3 million in the prior quarter.
  • Over five years, Operating Expenses peaked at $465.4 million in Q2 2026 and troughed at $261.8 million in Q1 2024.
  • A 5-year average of $340.7 million and a median of $330.3 million in 2022 frame the typical range for Operating Expenses.
  • Across the five-year window, Operating Expenses plunged 40.68% in 2022 and jumped 52.6% in 2023, its largest moves.
  • Over 5 years, Operating Expenses stood at $272.7 million in 2022, then jumped by 52.6% to $416.2 million in 2023, then declined by 18.12% to $340.7 million in 2024, then advanced by 18.45% to $403.6 million in 2025, then advanced by 15.32% to $465.4 million in 2026.
  • The last three Operating Expenses figures came in at $465.4 million (Q2 2026), $440.3 million (Q1 2026), and $403.6 million (Q4 2025), per Business Quant data.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Federal National Mortgage Association Fannie Mae 79.20 Bn 79.20 Bn - 2.07 Bn
2 Rocket Companies 37.40 Bn 34.29 Bn - 2.50 Bn
3 Figure Technology Solutions 8.09 Bn 6.55 Bn 196.67 Mn 147.85 Mn
4 PennyMac Financial Services 3.62 Bn 2.87 Bn 480.08 Mn 465.44 Mn
5 Federal Agricultural Mortgage 2.44 Bn 1.40 Bn - 11.59 Mn
6 CNFinance Holdings 1.37 Bn 1.37 Bn - -
7 Walker & Dunlop 1.34 Bn 1.18 Bn - 304.62 Mn
8 Velocity Financial 703.53 Mn -6.75 Bn - 59.75 Mn
9 UWM Holdings 453.97 Mn -44.44 Mn - 635.05 Mn
10 Onity 294.97 Mn 98.67 Mn - 139.00 Mn
Historic Data

Historic Data

Download Data
DateValue
Jun 30, 2026 465.44 Mn
Mar 31, 2026 440.29 Mn
Dec 31, 2025 403.60 Mn
Sep 30, 2025 396.52 Mn
Jun 30, 2025 368.29 Mn
Mar 31, 2025 326.71 Mn
Dec 31, 2024 340.75 Mn
Sep 30, 2024 317.91 Mn
Jun 30, 2024 272.27 Mn
Mar 31, 2024 261.78 Mn
Dec 31, 2023 416.17 Mn
Sep 30, 2023 273.51 Mn
Jun 30, 2023 263.63 Mn
Mar 31, 2023 264.72 Mn
Dec 31, 2022 272.72 Mn
Sep 30, 2022 290.82 Mn
Jun 30, 2022 333.99 Mn
Mar 31, 2022 422.98 Mn
Dec 31, 2021 459.70 Mn
Sep 30, 2021 447.06 Mn