AGNC Investment Corp. (AGNC) Income Statement
AGNC 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsAGNC revenue and net income
Where AGNC's revenue goes
2025Each bar shows an amount and its share of revenue. AGNC kept 87.3% of revenue as net income.
AGNC profit margins
AGNC growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | −60.8% | −9.1% | — | +23.2% |
| Gross profit | −60.8% | −8.2% | — | +23.2% |
| Operating income | +16.4% | — | — | +35.6% |
| Net income | +93.5% | — | — | +22.8% |
| EPS (diluted) | +25.0% | −13.9% | −5.9% | −2.3% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
AGNC quarterly EPS vs estimates
AGNC Investment beat the analyst EPS estimate in 3 of the last 8 quarters. Next report: October 19, 2026 (estimate $0.39).
AGNC income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.91B | $4.88B | $1.01B | $2.55B | $837.0M | $0 | $771.0M | $1.92B | $1.59B | $0 |
| Cost of revenue | $87.0M | $2.93B | $96.0M | $74.0M | $88.0M | $266.0M | $2.15B | $50.0M | $6.0M | $4.0M |
| Gross profit | $1.91B | $4.88B | $1.01B | $2.48B | $749.0M | −$439.0M | $771.0M | $1.87B | $1.58B | −$15.0M |
| Research & development | — | — | $0 | $0 | $0 | $1 | $1 | $0 | $0 | $57 |
| Sales, general & admin | $87.0M | $74.0M | $62.0M | $41.0M | $54.0M | $56.0M | $47.0M | $45.0M | $42.0M | $19.0M |
| Total operating expenses | −$2.61B | $995.0M | −$1.58B | $74.0M | −$88.0M | −$93.0M | −$83.0M | $568.0M | $290.0M | −$1.00B |
| Operating income | $4.52B | $3.88B | $2.59B | −$565.0M | $749.0M | −$266.0M | $688.0M | $1.30B | $1.29B | $987.0M |
| Interest income | $3.52B | $2.95B | $2.04B | $1.59B | $1.36B | $1.52B | $2.84B | $1.95B | $1.29B | $1.32B |
| Interest expense | $2.85B | $2.93B | $2.29B | $625.0M | $75.0M | $674.0M | $2.15B | $1.17B | $524.0M | $394.0M |
| Income before taxes | $1.67B | $863.0M | $155.0M | −$1.19B | $749.0M | −$266.0M | $688.0M | $129.0M | $771.0M | $623.0M |
| Income taxes | — | — | $32.0M | −$1.19B | $100.0M | $3.04B | −$1.46B | $24.8M | $1.29B | $987.0M |
| Net income | $1.67B | $863.0M | $155.0M | −$1.19B | $749.0M | −$266.0M | $688.0M | $129.0M | $771.0M | $623.0M |
| EBITDA | $4.70B | $3.79B | $2.44B | −$552.0M | $1.12B | $816.0M | $688.0M | $1.33B | $1.30B | $980.0M |
| EPS (diluted) | $2.00 | $1.60 | $2.62 | $3.13 | $3.02 | $2.71 | $2.17 | $2.37 | $2.56 | $2.36 |
| Gross margin | 100.0% | 100.0% | 100.0% | 97.1% | 89.5% | — | 100.0% | 97.4% | 99.6% | — |
| Operating margin | 236.3% | 79.6% | 257.3% | −22.2% | 89.5% | — | 89.2% | 67.8% | 81.4% | — |
| Net margin | 87.3% | 17.7% | 15.4% | −46.7% | 89.5% | — | 89.2% | 6.7% | 48.5% | — |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $684.0M | $1.05B | $1.26B | $779.0M | $289.0M | $0 | $895.0M | $0 | $967.0M | $1.65B | $0 | $1.68B |
| Cost of revenue | $19.0M | $731.0M | $30.0M | $20.0M | $18.0M | $19.0M | $741.0M | $30.0M | $24.0M | $24.0M | −$447.0M | $23.0M |
| Gross profit | −$19.0M | $319.0M | $1.26B | $779.0M | $289.0M | −$407.0M | $154.0M | −$534.0M | $967.0M | $1.65B | −$1.66B | $1.68B |
| Sales, general & admin | $19.0M | $34.0M | $30.0M | $20.0M | $18.0M | $19.0M | $22.0M | $21.0M | $15.0M | $16.0M | $20.0M | $14.0M |
| Total operating expenses | $30.0M | $34.0M | −$434.0M | −$775.0M | −$242.0M | −$1.16B | $32.0M | −$1.71B | $285.0M | $495.0M | −$2.77B | $1.38B |
| Operating income | −$49.0M | $285.0M | $1.69B | $1.55B | $531.0M | $748.0M | $122.0M | $1.18B | $682.0M | $1.15B | $1.11B | $296.0M |
| Interest income | $1.01B | $1.05B | $944.0M | $903.0M | $830.0M | $846.0M | $856.0M | $756.0M | $695.0M | $642.0M | $640.0M | $593.0M |
| Interest expense | $709.0M | $731.0M | $738.0M | $755.0M | $668.0M | $687.0M | $741.0M | $820.0M | $698.0M | $672.0M | $666.0M | $646.0M |
| Income before taxes | $610.0M | −$148.0M | $954.0M | $806.0M | −$140.0M | $50.0M | $122.0M | $346.0M | −$48.0M | $443.0M | $412.0M | −$392.0M |
| Income taxes | — | — | — | — | — | — | $751.0M | — | −$48.0M | −$703.0M | $886.0M | −$2.03B |
| Net income | $610.0M | −$148.0M | $954.0M | $806.0M | −$140.0M | $50.0M | $122.0M | $346.0M | −$48.0M | $443.0M | $412.0M | −$392.0M |
| EBITDA | −$49.0M | $583.0M | $1.69B | $1.69B | $528.0M | $737.0M | $122.0M | $1.17B | $650.0M | $1.15B | $1.16B | $254.0M |
| EPS (diluted) | $0.40 | −$0.17 | $0.83 | $0.35 | $0.38 | $0.44 | $0.10 | $0.39 | $0.53 | $0.58 | $0.60 | $0.65 |
| Gross margin | −2.8% | 30.4% | 100.0% | 100.0% | 100.0% | — | 17.2% | — | 100.0% | 100.0% | — | 100.0% |
| Operating margin | −7.2% | 27.1% | 134.5% | 199.5% | 183.7% | — | 13.6% | — | 70.5% | 69.9% | — | 17.7% |
| Net margin | 89.2% | −14.1% | 75.8% | 103.5% | −48.4% | — | 13.6% | — | −5.0% | 26.9% | — | −23.4% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in AGNC's financial statements (latest annual report filed February 23, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
AGNC financial results
In fiscal year 2025 (ended December 31, 2025), AGNC Investment reported revenue of $1.9 billion, down 60.8% from the year before. It had net income of $1.7 billion (up 93.5%), a net profit margin of 87.3%. Diluted earnings per share came to $2.00.
See the AGNC stock overview for the latest quote and news, or the AGNC chart for price history and technical indicators.
AGNC income statement FAQ
What is AGNC Investment's annual revenue?
AGNC Investment reported total revenue of $1.9 billion for fiscal year 2025, which ended on December 31, 2025. That was down 60.8% from $4.9 billion the previous year.
Is AGNC Investment profitable?
Yes. AGNC Investment reported net income of $1.7 billion in fiscal 2025, a net profit margin of 87.3%; its operating margin was 236.3%.
What is AGNC Investment's gross margin?
AGNC Investment's gross margin was 100.0% in fiscal 2025: for every $100 of revenue, AGNC Investment kept $100 after the direct cost of its products and services.
What are AGNC Investment's earnings per share?
AGNC Investment earned $2.00 per diluted share in fiscal 2025, compared with $1.60 a year earlier.
When will AGNC Investment report its next earnings?
AGNC Investment is expected to report results for the quarter ending September 30, 2026 on October 19, 2026 after the market closes.
When does AGNC Investment's fiscal year end?
AGNC Investment's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 23, 2026.