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AGNCAGNC Investment Corp.
$11.12$12.8B
Overview & Verdict
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AGNC logoAGNC Investment Corp.(AGNC)Earnings, Financials & Key Ratios

AGNC•NASDAQ•REIT / Real Estate
$11.12
7.6× P/E·Price updated Jul 7, 2026
SectorReal EstateIndustryMortgage REITsSub-IndustryAgency mortgage securities REITs
AboutAGNC Investment Corp. operates as a real estate investment trust (REIT) in the United States. The company invests in residential mortgage pass-through securities and collateralized mortgage obligations for which the principal and interest payments are guaranteed by the United States government-sponsored enterprise or by the United States government agency. It funds its investments primarily through collateralized borrowings structured as repurchase agreements. The company has elected to be taxed as a REIT under the Internal Revenue Code of 1986 and would not be subject to federal corporate income taxes, if it distributes at least 90% of its taxable income to its stockholders. The company was formerly known as American Capital Agency Corp. and changed its name to AGNC Investment Corp. in September 2016. AGNC Investment Corp. was incorporated in 2008 and is headquartered in Bethesda, Maryland.Show more
  • Revenue$1.91B-60.8%
  • FFO$1.85B+114.0%
  • FFO/Share1.80+64.3%
  • FFO Payout86.68%-39.7%
  • FFO per Share1.80+64.3%
  • NOI Margin100%
  • FFO Margin96.6%+445.8%
  • ROE15.08%+57.4%
  • ROA1.64%+52.1%

AGNC Price & Volume

AGNC Investment Corp. (AGNC) stock price & volume — 10-year historical chart

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Extreme Leverage Masks Underlying Mortgage Portfolio Volatility

Investment Thesis • Updated 2026Q1

VerdictNegative
Growth:Mixed
Profitability:Strained
Financial:Vulnerable
Cash Flow:Mixed
Primary Risk:Repo market liquidity sensitivity

Key Thesis Takeaways

  • AGNC Investment Corp.
  • faces a challenging outlook characterized by extreme earnings volatility driven by derivative-heavy accounting and significant interest rate sensitivity.
  • While the firm has expanded its asset base to $118.9 billion as of 2026Q1, the reliance on short-term repo financing creates structural liquidity risks that may threaten long-term dividend sustainability.
  • Investors should monitor the firm's ability to maintain stable net interest margins, which recently compressed to 30.4% in 2026Q1, against the backdrop of a highly leveraged 8.59 debt-to-equity ratio.

Verdict Logic

the combination of a 14.3% dividend yield and a volatile 2026Q1 net loss of $148.0 million suggests that the current distribution level may be unsustainable given the firm's thin liquidity buffer of $493.0 million.

AGNC Growth Metrics

AGNC Investment Corp. (AGNC) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years7.57%
5 Years41.17%
3 Years-16.67%
TTM19.55%

Profit CAGR

10 Years22.75%
5 Years-
3 Years-
TTM213.19%

EPS CAGR

10 Years10.53%
5 Years-
3 Years-
TTM224.73%

Return on Capital

10 Years11.59%
5 Years9.36%
3 Years15.11%
Last Year36.27%

AGNC Recent Earnings

AGNC Investment Corp. (AGNC) EPS & revenue vs analyst estimates — last 4 quarters

Full history →
●Beat EPS 6/12 qtrs (50%)●Beat Revenue 6/12 qtrs (50%)
Q2 2026Latest
Apr 20, 2026
Metric
Actual
Est
EPS
$0.42+16.6%
$0.36
Rev
$1.1B+6.2%
$989M
Q1 2026
Jan 26, 2026
Metric
Actual
Est
EPS
$0.35-5.4%
$0.37
Rev
$944M+0.3%
$941M
Q4 2025
Oct 20, 2025
Metric
Actual
Est
EPS
$0.35-7.9%
$0.38
Rev
$903M+154.5%
$355M
Q3 2025
Jul 21, 2025
Metric
Actual
Est
EPS
$0.38-9.5%
$0.42
Rev
$112M-127.9%
$401M
QuarterDateEPS (Act vs Est)Revenue (Act vs Est)
Q2 2026LatestApr 20, 2026
$0.42vs $0.36+16.6%
$1.1Bvs $989M+6.2%
Q1 2026Jan 26, 2026
$0.35vs $0.37-5.4%
$944Mvs $941M+0.3%
Q4 2025Oct 20, 2025
$0.35vs $0.38-7.9%
$903Mvs $355M+154.5%
Q3 2025Jul 21, 2025
$0.38vs $0.42-9.5%
$112Mvs $401M-127.9%
Based on last 12 quarters of dataView full earnings history →

Latest AGNC News

Recent stock market news and headlines for AGNC Investment Corp. (AGNC)

247 Wallst·5 days ago
What Would It Take to Give Away 10% of Your Income Every Year?

Most spending benefits the person doing the spending. Charitable giving is different. People give because they believe in a cause, want to help others, improve their community, honor a loved one, or simply because generosity brings satisfaction. Many religious traditions encourage giving as well. In the Judeo-Christian tradition, a 10% tithe has been a longstanding... What Would It Take to Give Away 10% of Your Income Every Year?

Zacks Investment Research·6 days ago
AGNC Investment (AGNC) Registers a Bigger Fall Than the Market: Important Facts to Note

AGNC Investment (AGNC) closed at $10.79 in the latest trading session, marking a -1.01% move from the prior day.

247 Wallst·6 days ago
The Portfolio That Pays For Your Daughter’s Wedding

Most parents approach a wedding as a bill. Save the money, write the checks, and move on. Investors can look at it differently. Instead of asking how much the wedding will cost, ask how much capital would be required to generate that amount from portfolio income. The answer reveals something interesting: the wedding lasts one... The Portfolio That Pays For Your Daughter's Wedding

PRNewsWire·Jun 29, 2026
AGNC Investment Corp. Announces Date for Second Quarter Earnings Release and Stockholder Call

BETHESDA, Md., June 29, 2026 /PRNewswire/ -- AGNC Investment Corp. (Nasdaq: AGNC) ("AGNC" or the "Company") announced today it will report second quarter 2026 earnings after market close on July 20, 2026.

The Motley Fool·Jun 28, 2026
The Hidden Danger Lurking in Some High-Yield Dividend Stocks

When I was a younger investor, I tended to buy stocks with dividend yields of 10% or more. Overall, thanks to diversification, I made out OK, but I was burned more than once by dividend cuts.

Peers Comparison

Key metrics vs top competitors for AGNC Investment Corp. (AGNC)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
AGNC logoAGNCAGNC Investment Corp.Current
$11.12$12.76B7.56-60.79%87.34%15.08%14.06%
NLY logoNLYAnnaly Capital Management, Inc.
$22.69$16.63B7.775.35%31.96%14.34%—
TWO logoTWOTwo Harbors Investment Corp.
$12.08$1.27B-2.77-28.4%-44.82%-19.11%—
EARN logoEARNEllington Credit Company
$4.32$162.3M-11.37-15.99%-14.73%-2.76%—
ARR logoARRARMOUR Residential REIT, Inc.
$16.98$2.11B5.15444.08%24.22%11.47%—
MFA logoMFAMFA Financial, Inc.
$9.36$955.6M5.57213.02%20.7%7.43%—

Compare AGNC vs Peers

AGNC Investment Corp. (AGNC) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs NLY

Most directly comparable listed peer for AGNC.

Scale Benchmark

vs O

Larger-name benchmark to compare AGNC against a more recognizable public peer.

Peer Set

Compare Top 5

vs NLY, TWO, EARN, ARR

AGNC SEC Filings & Documents

AGNC Investment Corp. (AGNC) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

May 29, 2026·SEC

Material company update

Apr 20, 2026·SEC

Material company update

Apr 17, 2026·SEC

10-K Annual Reports

3
FY 2026

Feb 23, 2026·SEC

FY 2025

Feb 21, 2025·SEC

FY 2024

Feb 22, 2024·SEC

10-Q Quarterly Reports

6
FY 2026

May 4, 2026·SEC

FY 2025

Oct 31, 2025·SEC

FY 2025

Aug 1, 2025·SEC

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AGNC Frequently Asked Questions

AGNC Investment Corp. (AGNC) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
What is AGNC Investment Corp.'s revenue?

AGNC Investment Corp. (AGNC) reported $3.38B in revenue for fiscal year 2025. This represents a 6016% increase from $55.2M in 2008.

How fast is AGNC Investment Corp. growing?

AGNC Investment Corp. (AGNC) saw revenue decline by 60.8% over the past year.

Is AGNC profitable?

Yes, AGNC Investment Corp. (AGNC) is profitable, generating $1.47B in net income for fiscal year 2025 (87.3% net margin).

Dividend & Returns
Does AGNC pay dividends?

Yes, AGNC Investment Corp. (AGNC) pays a dividend with a yield of 14.06%. This makes it attractive for income-focused investors.

What is AGNC's return on equity?

AGNC Investment Corp. (AGNC) has a return on equity (ROE) of 15.1%. This is reasonable for most industries.

Industry Metrics
What is AGNC Investment Corp.'s FFO?

AGNC Investment Corp. (AGNC) generated Funds From Operations (FFO) of $3.74B in the trailing twelve months. FFO is the primary profitability metric for REITs.

Is AGNC a good dividend stock?

AGNC Investment Corp. (AGNC) offers a 14.06% dividend yield, which is attractive for income investors. REITs are required to distribute at least 90% of taxable income to shareholders.

What if you invested $1,000 in AGNC back in 2008?

Total return calculator · dividends reinvested · 18+ years of data

See returns →