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
DateValue
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%