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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$11.8B
P/E Ratio8.03
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$86M$15M-$178M$764M$908M-$192M
OCI Unrealized Holding Gain (Loss) on Securities, Net of Tax-$179M$93M$48M$61M$66M-$8M
Unrealized Gain (Loss) on Securities-$179M$93M$48M$61M$66M-$8M
Change in Accounts Payable and Accrued Liabilities-$4M$43M$25M$17M—$33M
Net Change in Cash and Restricted Cash-$15M-$53M$154M$39M-$169M$615M
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-$179M$93M$48M$61M$66M-$8M
Adjustments To Additional Paid In Capital Sharebased Compensation And Exercise Of Stock Options$8M-$4M$8M$9M$13M-$6M
Dividends declared (in dollars per share)$0.4$0.4$0.4$0.4$0.4$0.4
Comprehensive income available to common shareholders—$108M-$130M$825M$974M-$200M
Comprehensive Income (Loss), Net of Tax, Attributable to Parent$0$143M-$92M$867M$1B-$156M
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$320M$333M$372M$380M$394M$407M
Future Prepayment Rate Assumption Of Investment Portfolio7.7%9.6%——9.6%10.3%
Securities gains, net – non-qualifying hedges on MSRs-$88M-$245M-$177M-$81M-$26M$74M
(Loss) gain on derivative instruments and other securities, net$2B-$1B-$367M-$36M—$382M
Accounts payable and other current liabilities-$4M$43M$25M$17M—$33M
Increase (Decrease) in Other Operating Assets-$3M$17M$17M$48M$69M-$23M
Add - Incremental shares under stock-based compensation plans (in shares)$300K$3.6M$0$3.6M$500K$0
Intended annual distribution of taxable net income100.0%100.0%——100.0%100.0%
Interest Income (Expense), Operating$115M$159M$162M$148M$206M$319M
Interest Income Operating$856M$846M$830M$903M$944M$1.1B
Loss On Derivative Instruments And Trading Securities Net-$2B$1B$367M$36M—-$382M
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-$2B
Cash Provided by (Used in) Operating Activity, Including Discontinued Operation$79M$192M$180M$153M$128M$387M
Unrealized (gain) loss on investment securities measured at fair value through net income, net$1.9B-$1.2B-$270M-$805M-$475M$889M
Ordinary Dividends Per Share$0.36$0.36$0.36$0.36$0.36—
Ordinary Dividends, Preferred Stock as a Percentage————10000.0%—
Net unrealized gains (losses) on securities still held-$179M$93M$48M$61M$66M-$8M
Payments for (Proceeds from) Derivative Instrument, Investing Activities-$1.3B$582M$192M——-$660M
Payments of Dividends$348M$363M$394M$416M$428M$451M
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$29M$41M$25M$2M$1M$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—$134M$139M$135M$126M$108M
Principal collections on credit risk transfer and non-Agency securities$20M$6M$3M$16M$6M$3M
Proceeds from Issuance of Common Stock$512M$509M$799M$309M$356M$401M
Change in Securities Purchased under Agreements to Resell-$3.5B-$261M-$3.5B$214M$5B-$868M
Principal collections on Agency mortgage-backed securities$2B$1.5B$1.8B$1.9B$2.2B$3.2B
Sale of investments$0$0$95M$0$275M$87M
Proceeds from Sale of Debt Securities$11.8B$3.2B$9.4B$8B$4.6B$8.6B
Proceeds from Sale of Debt Securities, Trading$11.8B$3.2B$9.3B$8B$4.3B$8.5B
Proceeds from Sale of Mortgage-Backed Securities (MBS), Available-for-Sale$13.5B$2.2B$10.1B$6.5B$6B$8.8B
Proceeds from Sale of U.S. Treasury securities$7.6B$7.8B$11.6B$8B$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$8M$52M$218M——$6M
Repayments of Short-Term Debt$1.6T$1.5T$1.6T$1.8T$2.2T$2.4T
Required Annual Distribution of Taxable Net Income90.0%90.0%——90.0%90.0%
Stock-based compensation$8M-$4M$8M$9M$13M-$6M
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 Gross1M1.9M100K02M2.2M
Issuance of common stock in connection with the Spin-Off and reclassification of net parent investment$511M$509M$799M$309M$356M$401M
Unrealized gain (loss) on investment securities measured at fair value through net income, net-$1.9B$1.2B$270M$805M$475M-$889M
Weighted Average Number of Fully Vested Restricted Stock Units and Performance Share Units Outstanding2.2M2.2M1.7M1.8M1.9M3.8M
Weighted Average Number of Shares Outstanding781.2M916.1M1B1.1B1B1.1B
Other Comprehensive Income (Loss)$0$143M-$92M$867M$1B-$156M
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$348M$363M$394M$416M$428M$451M

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, basic783.4M918.3M1B1.1B1B1.1B
Weighted-average shares, diluted786M921.9M1B1.1B1B1.1B

Operating Expenses

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Stock-Based Compensation Expense$8M-$4M$8M$9M$13M-$6M
Share-Based Compensation Expense$8M-$4M$8M$9M$13M-$6M
Compensation and benefits$22M$19M$18M$20M$30M$23M
General and administrative$10M$9M$10M$10M$11M$11M
Stock-based compensation expense$8M-$4M$8M$9M$13M-$6M
Other operating expenses$32M$28M$28M$30M$41M$34M
Share-Based Compensation$8M-$4M$8M$9M$13M-$6M
Total operating expenses$32M$28M$28M$30M$41M$34M

Other Income & Expense

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Derivative instruments gain (loss), net$2B-$1B-$369M-$53M—$382M
Non-Designated Derivatives Gain (Loss), Net$2B-$1B-$369M-$53M—$382M
Non-Designated Derivative Gain (Loss)$2B-$1B-$369M-$53M—$382M
Interest expense$741M$687M$668M$755M$738M$731M
Accretion (Amortization) of Investment Discounts and Premiums$0-$39M-$30M-$57M-$51M-$52M
Interest expense, short-term borrowings$1.6T$1.5T$1.6T$1.8T$2.2T$2.4T
Other income (expense), net$39M-$81M-$274M$688M$789M-$433M

Net Income

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Net income applicable to common shareholders$86M$15M-$178M$764M$908M-$192M
Common Dividends Declared (Per Share)$0.4$0.4$0.4$0.4$0.4$0.4
Cash Dividends, Common Stock$320M$333M$372M$380M$394M$407M
Net earnings to common$86M$15M-$178M$764M$908M-$192M
Common Stock Dividends$284.3M$369.8M$369.8M$369.8M$369.8M—
Net Income Available to Common Shareholders$86M$15M-$178M$764M$908M-$192M
Net income$122M$50M-$140M$806M$954M-$148M
Preferred stock dividends$36M$35M$38M$42M$46M$44M
Net income attributable to common stock$86M$15M-$178M$764M$908M-$192M

Revenue

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Net interest income$115M$159M$162M$148M$206M$319M
Total interest income$856M$846M$830M$903M$944M$1.1B
Total revenue$856M$846M$830M$903M$944M$1.1B