Income StatementBalance SheetCash FlowSegments
AGNC Investment Corp. logo

AGNC Investment Corp. Income Statement

Revenue, expenses, and profitability over time

AGNC Investment Corp. generated $3.7B in trailing twelve-month revenue, up 0.2% year-over-year. Net income was $1.5B with a 39.5% net margin. Diluted EPS is $1.25, which grew 2.4% year-over-year. Based on the Q1 2026 filing.

Total Revenue (TTM)$3.7BNet Income (TTM)$1.5BEps Diluted (TTM)$1.25
Latest FilingQ1 2026
Report Date2026-05-04
Market Cap$12.1B
P/E Ratio8.23
ROE13.25%

Other

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Common Stock Dividends Per Share Declared$0.4$0.4$0.4$0.4$0.4$0.4
Common Stock Dividends Per Share$0.4$0.4$0.4$0.4$0.4$0.4
Dividends per share declared$0.4$0.4$0.4$0.4$0.4$0.4
Reclassifications Net of Tax$86.0M$15.0M-$178.0M$764.0M$908.0M-$192.0M
OCI Unrealized Holding Gain (Loss) on Securities, Net of Tax-$179.0M$93.0M$48.0M$61.0M$66.0M-$8.0M
Unrealized Gain (Loss) on Securities-$179.0M$93.0M$48.0M$61.0M$66.0M-$8.0M
Change in Accounts Payable and Accrued Liabilities-$4.0M$43.0M$25.0M$17.0M—$33.0M
Net Change in Cash and Restricted Cash-$15.0M-$53.0M$154.0M$39.0M-$169.0M$615.0M
Dividends per share declared$0.4$0.4$0.4$0.4$0.4$0.4
Common Stock Dividends Per Share Declared$0.4$0.4$0.4$0.4$0.4$0.4
OCI Unrealized Holding Gain (Loss) on Securities, Net of Tax-$179.0M$93.0M$48.0M$61.0M$66.0M-$8.0M
Adjustments To Additional Paid In Capital Sharebased Compensation And Exercise Of Stock Options$8.0M-$4.0M$8.0M$9.0M$13.0M-$6.0M
Dividends declared (in dollars per share)$0.4$0.4$0.4$0.4$0.4$0.4
Comprehensive income available to common shareholders—$108.0M-$130.0M$825.0M$974.0M-$200.0M
Comprehensive Income (Loss), Net of Tax, Attributable to Parent$0.0$143.0M-$92.0M$867.0M$1.0B-$156.0M
Cost of Sale of Fair Value Option Securities$11.9B$3.4B$9.5B$8.1B$4.3B$8.4B
Cost of Sale of Investment Securities$11.9B$3.4B$9.6B$8.1B$4.6B$8.5B
Dividends, Common Stock$284.3M$369.8M$369.8M$369.8M$369.8M—
Dividends, Common Stock, Cash$320.0M$333.0M$372.0M$380.0M$394.0M$407.0M
Future Prepayment Rate Assumption Of Investment Portfolio—9.6%—0.8%1.0%10.3%
Securities gains, net – non-qualifying hedges on MSRs-$88.0M-$245.0M-$177.0M-$81.0M-$26.0M$74.0M
(Loss) gain on derivative instruments and other securities, net$2.0B-$1.0B-$367.0M-$36.0M—$382.0M
Accounts payable and other current liabilities-$4.0M$43.0M$25.0M$17.0M—$33.0M
Increase (Decrease) in Other Operating Assets-$3.0M$17.0M$17.0M$48.0M$69.0M-$23.0M
Add - Incremental shares under stock-based compensation plans (in shares)$300.0K$3.6M$0.0$3.6M$500.0K$0.0
Intended annual distribution of taxable net income—100.0%———100.0%
Interest Income (Expense), Operating$115.0M$159.0M$162.0M$148.0M$206.0M$319.0M
Interest Income Operating$856.0M$846.0M$830.0M$903.0M$944.0M$1.1B
Loss On Derivative Instruments And Trading Securities Net-$2.0B$1.0B$367.0M$36.0M—-$382.0M
Cash Provided by (Used in) Financing Activity, Including Discontinued Operation—$5.5B$3.4B$5.2B$11.1B$2.2B
Cash Provided by (Used in) Investing Activity, Including Discontinued Operation—-$5.7B-$3.4B-$5.3B-$11.4B-$2.0B
Cash Provided by (Used in) Operating Activity, Including Discontinued Operation$79.0M$192.0M$180.0M$153.0M$128.0M$387.0M
Unrealized (gain) loss on investment securities measured at fair value through net income, net$1.9B-$1.2B-$270.0M-$805.0M-$475.0M$889.0M
Ordinary Dividends Per Share$0.36$0.36$0.36$0.36$0.36—
Ordinary Dividends, Preferred Stock as a Percentage—2500.0%2500.0%2500.0%2500.0%—
Net unrealized gains (losses) on securities still held-$179.0M$93.0M$48.0M$61.0M$66.0M-$8.0M
Payments for (Proceeds from) Derivative Instrument, Investing Activities-$1.3B$582.0M$192.0M——-$660.0M
Payments of Dividends$348.0M$363.0M$394.0M$416.0M$428.0M$451.0M
Payments to Acquire Mortgage-Backed Securities (MBS), Available-for-Sale$13.6B$6.9B$15.2B$11.3B$12.2B$15.3B
Payments To Acquire Non- Agency Mortgage Backed Securities$29.0M$41.0M$25.0M$2.0M$1.0M$0.0
Payments to Acquire U.S. Treasury securities$2.4B$9.6B$8.2B$10.8B$23.9B$29.4B
Principal Payments Received on Available-For-Sale securities—$134.0M$139.0M$135.0M$126.0M$108.0M
Principal collections on credit risk transfer and non-Agency securities$20.0M$6.0M$3.0M$16.0M$6.0M$3.0M
Proceeds from Issuance of Common Stock$512.0M$509.0M$799.0M$309.0M$356.0M$401.0M
Change in Securities Purchased under Agreements to Resell-$3.5B-$261.0M-$3.5B$214.0M$5.0B-$868.0M
Principal collections on Agency mortgage-backed securities$2.0B$1.5B$1.8B$1.9B$2.2B$3.2B
Sale of investments$0.0$0.0$95.0M$0.0$275.0M$87.0M
Proceeds from Sale of Debt Securities$11.8B$3.2B$9.4B$8.0B$4.6B$8.6B
Proceeds from Sale of Debt Securities, Trading$11.8B$3.2B$9.3B$8.0B$4.3B$8.5B
Proceeds from Sale of Mortgage-Backed Securities (MBS), Available-for-Sale$13.5B$2.2B$10.1B$6.5B$6.0B$8.8B
Proceeds from Sale of U.S. Treasury securities$7.6B$7.8B$11.6B$8.0B$11.2B$30.9B
Proceeds from Short-Term Debt$1.6T$1.5T$1.6T$1.8T$2.2T$2.4T
Proceeds from sale of credit risk transfer and non-Agency securities$8.0M$52.0M$218.0M——$6.0M
Repayments of Short-Term Debt$1.6T$1.5T$1.6T$1.8T$2.2T$2.4T
Required Annual Distribution of Taxable Net Income—90.0%———90.0%
Stock-based compensation$8.0M-$4.0M$8.0M$9.0M$13.0M-$6.0M
Stock Issued During Period, Price Per Share—$10.23$8.63$9.95$0.14$10.54
Stock Issued During Period Shares Share Based Compensation Gross100K1.9M100K002.2M
Issuance of common stock in connection with the Spin-Off and reclassification of net parent investment$511.0M$509.0M$799.0M$309.0M$356.0M$401.0M
Unrealized gain (loss) on investment securities measured at fair value through net income, net-$1.9B$1.2B$270.0M$805.0M$475.0M-$889.0M
Weighted Average Number of Fully Vested Restricted Stock Units and Performance Share Units Outstanding100K2.2M1.7M1.8M—3.8M
Weighted Average Number of Shares Outstanding33.3M916.1M1B1.1B23.3M1.1B
Other Comprehensive Income (Loss)$0.0$143.0M-$92.0M$867.0M$1.0B-$156.0M
Common Stock Dividends Per Share Declared$0.4$0.4$0.4$0.4$0.4$0.4
Common Stock Dividends Per Share Declared$0.4$0.4$0.4$0.4$0.4$0.4
Cash Dividends Paid$348.0M$363.0M$394.0M$416.0M$428.0M$451.0M

Earnings Per Share

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Common Stock Dividends Per Share Declared$0.4$0.4$0.4$0.4$0.4$0.4
Common Stock Dividends Per Share (Declared)$0.4$0.4$0.4$0.4$0.4$0.4
Common Stock Dividends Per Share Declared$0.4$0.4$0.4$0.4$0.4$0.4
Basic earnings per share$0.07$0.02$-0.17$0.73$0.88$-0.17
Diluted earnings per share$0.07$0.02$-0.17$0.72$0.87$-0.17
Common Stock Dividends Per Share Declared$0.4$0.4$0.4$0.4$0.4$0.4
Dividends Per Share Declared$0.4$0.4$0.4$0.4$0.4$0.4
Common Stock Dividends Per Share Declared$0.4$0.4$0.4$0.4$0.4$0.4
Common Stock Dividends Per Share Declared$0.4$0.4$0.4$0.4$0.4$0.4
Common stock dividends per share declared$0.4$0.4$0.4$0.4$0.4$0.4
Dividends Per Share Declared$0.4$0.4$0.4$0.4$0.4$0.4
Dividends per share declared$0.4$0.4$0.4$0.4$0.4$0.4
Common Stock Dividends Per Share Declared$0.4$0.4$0.4$0.4$0.4$0.4
Dividends per share declared$0.4$0.4$0.4$0.4$0.4$0.4
Dividends per share declared$0.4$0.4$0.4$0.4$0.4$0.4
Dividends per Share Declared$0.4$0.4$0.4$0.4$0.4$0.4
Dividends per share declared$0.36$0.36$0.36$0.36$0.36$0.36
Common Stock Dividends Per Share Declared$0.4$0.4$0.4$0.4$0.4$0.4
Common Stock Dividends Per Share Declared$0.4$0.4$0.4$0.4$0.4$0.4
Common stock dividends per share declared$0.4$0.4$0.4$0.4$0.4$0.4
Common Stock Dividends Per Share Declared$0.4$0.4$0.4$0.4$0.4$0.4
Common Stock Dividends Per Share Declared$0.4$0.4$0.4$0.4$0.4$0.4
Common stock dividends per share declared$0.4$0.4$0.4$0.4$0.4$0.4
Weighted-average shares, basic33.4M918.3M1B1.1B23.3M1.1B
Weighted-average shares, diluted33.7M921.9M1B1.1B23.8M1.1B

Operating Expenses

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Stock-Based Compensation Expense$8.0M-$4.0M$8.0M$9.0M$13.0M-$6.0M
Share-Based Compensation Expense$8.0M-$4.0M$8.0M$9.0M$13.0M-$6.0M
Compensation and benefits$22.0M$19.0M$18.0M$20.0M$30.0M$23.0M
General and administrative$10.0M$9.0M$10.0M$10.0M$11.0M$11.0M
Stock-based compensation expense$8.0M-$4.0M$8.0M$9.0M$13.0M-$6.0M
Other operating expenses$32.0M$28.0M$28.0M$30.0M$41.0M$34.0M
Share-Based Compensation$8.0M-$4.0M$8.0M$9.0M$13.0M-$6.0M
Total operating expenses$32.0M$28.0M$28.0M$30.0M$41.0M$34.0M

Other Income & Expense

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Derivative instruments gain (loss), net$2.0B-$1.0B-$369.0M-$53.0M—$382.0M
Non-Designated Derivatives Gain (Loss), Net$2.0B-$1.0B-$369.0M-$53.0M—$382.0M
Non-Designated Derivative Gain (Loss)$2.0B-$1.0B-$369.0M-$53.0M—$382.0M
Interest expense$741.0M$687.0M$668.0M$755.0M$738.0M$731.0M
Accretion (Amortization) of Investment Discounts and Premiums$0.0-$39.0M-$30.0M-$57.0M-$51.0M-$52.0M
Interest expense, short-term borrowings$1.6T$1.5T$1.6T$1.8T$2.2T$2.4T
Other income (expense), net$39.0M-$81.0M-$274.0M$688.0M$789.0M-$433.0M

Net Income

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Net income applicable to common shareholders$86.0M$15.0M-$178.0M$764.0M$908.0M-$192.0M
Common Dividends Declared (Per Share)$0.4$0.4$0.4$0.4$0.4$0.4
Cash Dividends, Common Stock$320.0M$333.0M$372.0M$380.0M$394.0M$407.0M
Net earnings to common$86.0M$15.0M-$178.0M$764.0M$908.0M-$192.0M
Common Stock Dividends$284.3M$369.8M$369.8M$369.8M$369.8M—
Net Income Available to Common Shareholders$86.0M$15.0M-$178.0M$764.0M$908.0M-$192.0M
Net income$122.0M$50.0M-$140.0M$806.0M$954.0M-$148.0M
Preferred stock dividends$36.0M$35.0M$38.0M$42.0M$46.0M$44.0M
Net income attributable to common stock$86.0M$15.0M-$178.0M$764.0M$908.0M-$192.0M

Revenue

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Net interest income$115.0M$159.0M$162.0M$148.0M$206.0M$319.0M
Total interest income$856.0M$846.0M$830.0M$903.0M$944.0M$1.1B
Total revenue$856.0M$846.0M$830.0M$903.0M$944.0M$1.1B