PennyMac Financial Services (PFSI) Tax Rate (2017 - 2026)
PennyMac Financial Services' (PFSI) quarterly Tax Rate came in at 21.37% in Q1 2026, down 543.0% year-on-year from 4.82% in Q1 2025, and down 69.13% on a QoQ basis from 69.22% in Q4 2025.
PennyMac Financial Services (PFSI) Tax Rate (2017 - 2026) Analysis & Trends
PennyMac Financial Services (PFSI) has 10 years of Tax Rate data on file, last reported at 21.37% in Q1 2026.
- On a quarterly basis, Tax Rate fell 543.0% year-over-year to 21.37% in Q1 2026; TTM through Mar 2026 was 19.98%, a 451.0% decrease from a year earlier, with the FY2025 full-year figure at 21.0%, down 134.0% from the prior year.
- Tax Rate for Q1 2026 stood at 21.37%, down from 69.22% in the prior quarter.
- Over the last five years, Tax Rate for PFSI reached as high as 95.33% in Q4 2023 and fell as low as 78.52% in Q2 2025.
- Historically, Tax Rate has averaged 25.4% across 5 years, with a median of 26.15% in 2024.
- Across the five-year window, Tax Rate jumped 5088 bps in 2023 and plunged 10511 bps in 2025, its largest moves.
- Year by year, Tax Rate stood at 44.45% in 2022, then surged by 114 bps to 95.33% in 2023, then slumped by 80 bps to 19.23% in 2024, then surged by 260 bps to 69.22% in 2025, then sank by 69 bps to 21.37% in 2026.
- Per Business Quant data, the three most recent Tax Rate figures were 21.37% in Q1 2026, 69.22% in Q4 2025, and 23.21% in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Rocket Companies | 38.33 Bn | 35.64 Bn | - | 25.75% |
| 2 | Federal National Mortgage Association Fannie Mae | 35.67 Bn | 35.67 Bn | - | 20.24% |
| 3 | Federal Home Loan Mortgage | 18.11 Bn | 13.64 Bn | - | 19.70% |
| 4 | PennyMac Financial Services | 4.41 Bn | 3.76 Bn | 523.89 Mn | 21.37% |
| 5 | CNFinance Holdings | 3.28 Bn | 3.20 Bn | - | - |
| 6 | Walker & Dunlop | 1.64 Bn | 1.44 Bn | - | 30.91% |
| 7 | Velocity Financial | 681.36 Mn | -6.51 Bn | - | 27.78% |
| 8 | UWM Holdings | 540.43 Mn | 116.43 Mn | - | 4.01% |
| 9 | Better Home & Finance Holding | 362.34 Mn | 298.07 Mn | - | 3.08% |
| 10 | Onity | 340.51 Mn | 215.81 Mn | - | 3.80% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 21.37% |
| Mar 31, 2026 | 21.37% |
| Mar 31, 2026 | 21.37% |
| Dec 31, 2025 | 69.22% |
| Dec 31, 2025 | 69.22% |
| Dec 31, 2025 | 69.22% |
| Sep 30, 2025 | 23.21% |
| Sep 30, 2025 | 23.21% |
| Sep 30, 2025 | 23.21% |
| Jun 30, 2025 | -78.52% |
| Jun 30, 2025 | -78.52% |
| Jun 30, 2025 | -78.52% |
| Mar 31, 2025 | 26.79% |
| Mar 31, 2025 | 26.79% |
| Mar 31, 2025 | 26.79% |
| Dec 31, 2024 | 19.23% |
| Dec 31, 2024 | 19.23% |
| Dec 31, 2024 | 19.23% |
| Sep 30, 2024 | 26.15% |
| Sep 30, 2024 | 26.15% |