NATIONAL RURAL UTILITIES COOPERATIVE FINANCE CORPNRUCEarnings & Financial Report
The National Rural Utilities Cooperative Finance Corporation (CFC) is a member-owned nonprofit cooperative that provides financial products to America's rural electric cooperative network. CFC was established in 1969 to raise funds from the capital markets to supplement the loan programs for electric cooperatives offered by the U.S. Department of Agriculture’s (USDA) Rural Utilities Service (RUS), previously Rural Electrification Administration (REA).
NRUC Q3 FY2026 Key Financial Metrics
Revenue
$53.8M
Gross Profit
N/A
Operating Profit
N/A
Net Profit
$22.4M
Gross Margin
N/A
Operating Margin
N/A
Net Margin
41.6%
YoY Growth
-52.7%
NATIONAL RURAL UTILITIES COOPERATIVE FINANCE CORP Q3 FY2026 Financial Summary
NATIONAL RURAL UTILITIES COOPERATIVE FINANCE CORP reported revenue of $53.8M (down 52.7% YoY) for Q3 FY2026, with a net profit of $22.4M (down 74.0% YoY) (41.6% margin).
Key Financial Metrics
| Total Revenue | $53.8M |
|---|---|
| Net Profit | $22.4M |
| Gross Margin | N/A |
| Operating Margin | N/A |
| Report Period | Q3 FY2026 |
NATIONAL RURAL UTILITIES COOPERATIVE FINANCE CORP Annual Revenue by Year
NATIONAL RURAL UTILITIES COOPERATIVE FINANCE CORP annual revenue history includes year-by-year totals (for example, 2025 revenue was $424.3M).
NATIONAL RURAL UTILITIES COOPERATIVE FINANCE CORP Quarterly Revenue & Net Profit History
NATIONAL RURAL UTILITIES COOPERATIVE FINANCE CORP results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q3 FY2026 | $53.8M | -52.7% | $22.4M | 41.6% |
| Q2 FY2026 | $59.0M | -67.6% | $19.6M | 33.2% |
| Q1 FY2026 | $47.3M | +15.1% | $4.8M | 10.1% |
| Q4 FY2025 | $66.9M | — | $73.1M | 109.3% |
| Q3 FY2025 | $113.7M | +104.9% | $86.0M | 75.6% |
| Q2 FY2025 | $182.0M | — | $144.4M | 79.4% |
| Q1 FY2025 | $61.7M | -4.9% | $-163.8M | -265.7% |
| Q3 FY2024 | $55.5M | — | $31.5M | 56.7% |
Income Statement
| Q3 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | Q3 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $55.5M | $61.7M | $182.0M | $113.7M | $66.9M | $47.3M | $59.0M | $53.8M |
| YoY Growth | N/A | -4.9% | N/A | 104.9% | N/A | 15.1% | -67.6% | -52.7% |
Balance Sheet
| Q3 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | Q3 2026 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $35.89B | $36.49B | $37.11B | $37.78B | $38.33B | $38.85B | $39.11B | $39.89B |
| Liabilities | $33.02B | $33.69B | $34.17B | $34.75B | $35.22B | $35.79B | $36.03B | $36.80B |
| Equity | $2.85B | $2.78B | $2.92B | $3.01B | $3.08B | $3.03B | $3.05B | $3.08B |
Cash Flow
| Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | Q3 2026 | |
|---|---|---|---|---|---|---|---|
| Operating CF | $36.7M | $63.8M | $150.3M | $207.5M | $82.3M | $38.9M | $105.6M |