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Freddie Mac (FMCC) investor relations material
Freddie Mac Q3 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Q3 net revenues were $6.810B, up 19% YoY, and net income was $3.235B, up 17%; results were partly offset by an $800M credit-loss provision.
Provided $114B of mortgage-market liquidity, financing 420,000 households: 286,000 mortgages and 134,000 rental units; 106,000 first-time homebuyers were supported.
Net worth was $81.0B at September 30, 2026, up from $67.6B a year earlier; quarterly increases are added to senior preferred stock liquidation preference.
Financial highlights
Net interest income was $5.88B, up 8% YoY; net interest yield was 0.67% versus 0.64%.
Non-interest income was $933M versus $284M, primarily reflecting investment gains and interest-rate risk-management activity.
Credit-loss provision was $800M versus $175M in 3Q25; non-interest expense was $1.994B, down 6% YoY.
YTD net income rose 34% to $10.63B; YTD non-interest expense declined 4% to $6.11B.
Outlook and guidance
House-price forecast: growth of 1.3% over the next 12 months and 1.5% over the subsequent 12 months.
An October 2026 executive order authorized FHFA to direct a mortgage-insurance cancellation pilot and expand a title-acceptance pilot; potential impacts were being evaluated.
- Q4 earnings rose 65% as reserve releases supported results and Multifamily delinquencies increased.FMCC
Q4 2023 - Net income rose 61% to $3.8B, fueled by credit reserve release and strong segment growth.FMCC
Q2 2026 - Net income up 27% to $3.6B, with strong segment growth and capital ratios below requirements.FMCC
Q1 2026 - 2025 net income was $10.7B, with Q4 down 14% and net worth up 18% to $70.4B.FMCC
Q4 2025 - Net income declined 14% to $2.4B as credit loss provisions rose, despite portfolio growth.FMCC
Q2 2025 - Q3 2024 net income up 16% to $3.1B, with strong growth and affordable housing support.FMCC
Q3 2024 - Net income declined 6% to $2.8B as credit reserves rose, but revenues grew 12% to $6.0B.FMCC
Q2 2024 - Net income rose 1% to $2.8B, with net worth at $62.4B and capital deficits persisting.FMCC
Q1 2025 - Net income rose 13% to $11.9B in 2024, with strong growth in both business segments.FMCC
Q4 2024
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