Federal Agricultural Mortgage (AGM) Financial Statements & Analysis

Federal Agricultural Mortgage (AGM) Income Statement

Federal Agricultural Mortgage reported revenue of $375.51M in fiscal 2025 (fiscal year ended Dec 31, 2025), down 76.9% from $1.62B a year earlier. Net income was $207.41M, up 0.1% year over year, a net margin of 55.2%. Gross margin was 103.5% and operating margin 68.1%. In the most recent quarter, Q2 fiscal 2026 (ended Jun 30, 2026), revenue was $450.26M, up 338.7% from the same quarter a year earlier.

Federal Agricultural Mortgage Income Statement Analysis

Values in billions USD

Income Statement Balance Sheet Cash Flow Ratios

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Federal Agricultural Mortgage Corporation income statement - Annual data in billions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017
Revenue & Gross Profit
Revenue	0.38	1.62	0.35	0.76	0.45	0.52	0.67	0.56	0.42
Cost of Revenue	0.93	1.26	1.07	0.45	0.20	0.32	0.48	0.37	0.24
Gross Profit	0.39	0.36	0.35	0.31	0.25	0.20	0.19	0.19	0.17
Operating Expenses
Research & Development	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Selling, General & Administrative	0.04	0.10	0.03	0.08	0.07	0.06	0.05	0.05	0.04
Operating Expenses	0.13	0.11	0.10	0.08	0.07	0.06	0.05	0.05	0.04
Operating Income	0.26	0.26	0.25	0.23	0.17	0.14	0.14	0.14	0.13
Other Income/Expense
Interest Income	1.61	1.60	1.39	0.72	0.43	0.50	0.65	0.54	0.40
Interest Expense	1.22	1.25	1.06	0.45	0.20	0.31	0.47	0.37	0.24
Other Income/Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Income
Income Before Tax	0.26	0.26	0.25	0.23	0.17	0.14	0.14	0.14	0.13
Income Tax Expense	0.05	0.05	0.05	0.05	0.04	0.03	0.03	0.03	0.05
Net Income	0.21	0.21	0.20	0.18	0.14	0.11	0.11	0.11	0.08
Net Income - Continuous Operations	0.21	0.21	0.20	0.18	0.14	0.11	0.11	0.11	0.08
Net Income - Discontinued Operations	-	-	-	-	-	-	-	-	-
EBITDA	0.26	0.26	0.25	0.23	0.17	0.14	0.14	0.14	0.13
EBIT	-	-	-	-	-	-	-	-	-
Depreciation & Amortization	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Earnings Per Share
Basic EPS	17.00	17.00	16.00	14.00	10.00	8.00	9.00	9.00	7.00
Diluted EPS	17.00	16.00	16.00	14.00	10.00	8.00	9.00	9.00	7.00
Basic Shares Outstanding	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01
Diluted Shares Outstanding	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About Federal Agricultural Mortgage Financial Statements

What was Federal Agricultural Mortgage's revenue in fiscal 2025?

Federal Agricultural Mortgage reported revenue of $375.51M in fiscal 2025 (fiscal year ended Dec 31, 2025). That was down 76.9% from $1.62B a year earlier.

Is Federal Agricultural Mortgage profitable?

Yes. Federal Agricultural Mortgage earned net income of $207.41M in fiscal 2025, a net margin of 55.2%. In fiscal 2024 it earned $207.19M.

What is Federal Agricultural Mortgage's operating margin?

Federal Agricultural Mortgage's operating income was $255.71M on revenue of $375.51M in fiscal 2025, an operating margin of 68.1%, compared with 15.9% a year earlier.

What is net profit margin?

Net profit margin is net income divided by revenue. It shows how much of each dollar of sales a company keeps as profit after all costs, interest and taxes. Full definition