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
Download Data
Historic Data
| Date | Value |
|---|---|
| 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 |