What is AGNC Investment's earnings per share (EPS)?

AGNC Investment (AGNCL) reported diluted earnings per share of $1.47 for fiscal year 2025. This represents a 58.1% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

AGNC Investment (AGNCL) Financials

AGNCL

FY2025 annual

Revenue Not reported for FY2025

Net Income $1.7B +93.5% YoY

EPS (Diluted) $1.47 +58.1% YoY

Operating Cash Flow $653.0M +659.3% YoY

Source SEC Filings (10-K/10-Q) Latest period Q2 FY2026, ended Jun 30, 2026 Reported Jul 31, 2026 Currency USD FYE December

Newest figures come from the 10-Q for Q2 FY2026, filed Jul 31, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the AGNCL SEC filings page.

This page shows AGNC Investment (AGNCL) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI AGNCL FY2025 2026-08-29

The dominant mechanic is leveraged asset expansion: balance-sheet growth outpaces the modest cash returns produced on those assets.

Assets reached $115.1B in FY2025 while debt-to-equity reached 8.3x, indicating expansion funded with progressively more leverage. ROA was only 1.5% even as net income reached $1.67B, showing why large absolute earnings do not equal high returns on the asset base.

FY2025 net income of $1.67B exceeded operating cash flow of $653M, leaving cash conversion materially below accounting earnings. Operating cash flow had been just $86M in FY2024, so the improvement is real but does not yet match the earnings rebound.

FY2025 dividends paid totaled $1.60B versus operating cash flow of $653M, meaning distributions were not funded solely by current-period operating cash. Financing inflows of $25.2B were close to investing outflows of $25.9B, indicating portfolio expansion relied on substantial external funding.

Financial Health Signals

Financial health score not available

AGNC Investment does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The signals and metrics below are current.

Piotroski F-Score Partial

3/5

AGNC Investment passes 3 of 5 computable financial strength tests (4 of the nine could not be computed from available data). 3 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution).

Earnings Quality Low Quality

0.39x

For every $1 of reported earnings, AGNC Investment generates $0.39 in operating cash flow ($653.0M OCF vs $1.7B net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.

Key Financial Metrics

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Earnings & Revenue

Net Income

$654.0M

YoY+567.1%

QoQ+541.9%

AGNC Investment reported $654.0M in net income in Q2 2026. This represents an increase of 567.1% from the same quarter a year earlier. Against the prior quarter it is up 541.9%.

EPS (Diluted)

$0.52

QoQ+405.9%

AGNC Investment earned $0.52 per diluted share (EPS) in Q2 2026. Against the prior quarter it is up 405.9%.

Revenue

Not reported for Q2 2026.

EBITDA

Not reported for Q2 2026.

Cash & Balance Sheet

Cash & Debt

$457.0M

YoY-30.3%

QoQ-7.3%

5Y CAGR-13.6%

10Y CAGR-8.7%

AGNC Investment held $457.0M in cash as of Q2 2026; long-term debt is not reported for that period.

Dividends Per Share

$0.36

QoQ0.0%

5Y CAGR0.0%

10Y CAGR-5.0%

AGNC Investment paid $0.36 per share in dividends in Q2 2026. It is unchanged from the prior quarter.

Shares Outstanding

1.19B

QoQ+3.3%

5Y CAGR+17.7%

10Y CAGR+13.6%

AGNC Investment had 1.19B shares outstanding in Q2 2026. Against the prior quarter it is up 3.3%.

Free Cash Flow

Not reported for Q2 2026.

Margins & Returns

Return on Equity

5.2%

YoY+6.6pp

QoQ+6.4pp

AGNC Investment's ROE was 5.2% in Q2 2026, measuring profit generated per dollar of shareholder equity. This is up 6.6 percentage points from the same quarter a year earlier. Against the prior quarter it is up 6.4 percentage points.

Gross Margin

Not reported for Q2 2026.

Operating Margin

Not reported for Q2 2026.

Net Margin

Not reported for Q2 2026.

Capital Allocation

None of these metrics is reported for Q2 2026.

AGNCL Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

AGNCL quarterly income statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
SG&A Expenses	N/A	$40.0M+11.1%	$36.0M+5.9%	$34.0M+3.0%	$33.0M-2.9%	$34.0M-8.1%	$37.0M+2.8%	$36.0M-34.5%	$55.0M+77.4%	$31.0M-8.8%	$34.0M+47.8%	$23.0M+4.5%	$22.0M-31.3%	$32.0M+3.2%	$31.0M+63.2%	$19.0M
Interest Expense	N/A	$2.8B-2.8%	$2.9B+28.2%	$2.3B+265.9%	$625.0M+733.3%	$75.0M-88.9%	$674.0M-68.6%	$2.1B+83.2%	$1.2B+123.9%	$524.0M+33.0%	$394.0M+19.4%	$330.0M-11.3%	$372.0M-30.6%	$536.0M+4.7%	$512.0M+79.6%	$285.0M
Income Tax	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$10.0M+266.7%	-$6.0M-250.0%	$4.0M
Net Income	N/A	$1.7B+93.5%	$863.0M+456.8%	$155.0M+113.0%	-$1.2B-258.9%	$749.0M+381.6%	-$266.0M-138.7%	$688.0M+433.3%	$129.0M-83.3%	$771.0M+23.8%	$623.0M+189.8%	$215.0M+192.3%	-$233.0M-118.5%	$1.3B-1.4%	$1.3B+65.8%	$770.0M
EPS (Basic)	N/A	$1.48+59.1%	$0.93+1760.0%	$0.05+102.1%	-$2.41-295.9%	$1.23+286.4%	-$0.66-156.9%	$1.16+452.4%	$0.21-89.7%	$2.04+14.0%	$1.79	N/A	N/A	N/A	N/A	N/A
EPS (Diluted)	$1.94	$1.47+58.1%	$0.93	$0.05	-$2.41-297.5%	$1.22	-$0.66-156.9%	$1.16+452.4%	$0.21	$2.04+14.0%	$1.79	N/A	N/A	N/A	N/A	N/A
Diluted Shares (Avg)	N/A	1.02B+30.2%	786M	620M	537M+1.3%	530M	552M+1.9%	541M+22.7%	441M	359M+8.1%	332M-4.8%	349M	N/A	N/A	N/A	N/A

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
SG&A Expenses	$11.0M+10.0%	$11.0M+22.2%	N/A	$10.0M+11.1%	$10.0M+11.1%	$9.0M+12.5%	N/A	$9.0M0.0%
Interest Expense	$709.0M+6.1%	$731.0M+6.4%	N/A	$755.0M-7.9%	$668.0M-4.3%	$687.0M+2.2%	N/A	$820.0M+26.9%
Net Income	$654.0M+567.1%	-$148.0M-396.0%	N/A	$806.0M+132.9%	-$140.0M-191.7%	$50.0M-88.7%	N/A	$346.0M+188.3%
EPS (Basic)	$0.53+411.8%	-$0.17-950.0%	$0.88+1157.1%	$0.73+87.2%	-$0.17-54.5%	$0.02-96.6%	$0.07-88.9%	$0.39+157.4%
EPS (Diluted)	$0.52	-$0.17	$0.87+1142.9%	$0.72+84.6%	-$0.17	$0.02	$0.07-88.9%	$0.39
Diluted Shares (Avg)	1.16B	1.12B	N/A	1.06B+30.4%	1.02B	922M	N/A	810M

Not reported in any period shown, so not listed: Revenue, Cost of Revenue, Gross Profit, R&D Expenses, Operating Income, EBITDA, Income Tax.

AGNCL Balance Sheet

AGNCL quarterly balance sheet

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Total Assets	$115.1B+30.7%	$88.0B+22.9%	$71.6B+38.4%	$51.7B-24.1%	$68.1B-16.7%	$81.8B-27.6%	$113.1B+3.5%	$109.2B+55.2%	$70.4B+23.7%	$56.9B-0.2%	$57.0B-15.9%	$67.8B-11.1%	$76.3B-24.1%	$100.5B+73.3%	$58.0B
Cash & Equivalents	$450.0M-10.9%	$505.0M-2.5%	$518.0M-49.1%	$1.0B+2.0%	$998.0M-1.9%	$1.0B+22.4%	$831.0M-9.8%	$921.0M-12.0%	$1.0B-13.4%	$1.2B+8.8%	$1.1B-35.5%	$1.7B-19.7%	$2.1B-11.8%	$2.4B+77.8%	$1.4B
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Goodwill	$526.0M0.0%	$526.0M0.0%	$526.0M0.0%	$526.0M0.0%	$526.0M0.0%	$526.0M0.0%	$526.0M0.0%	$526.0M0.0%	$526.0M0.0%	$526.0M	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$102.7B+31.2%	$78.3B+23.5%	$63.3B+44.4%	$43.9B-24.2%	$57.9B-18.2%	$70.7B-30.7%	$102.0B+2.7%	$99.3B+61.2%	$61.6B+24.4%	$49.5B+1.0%	$49.0B-15.9%	$58.3B-13.6%	$67.6B-24.6%	$89.6B+73.0%	$51.8B
Total Equity	$12.4B+27.0%	$9.8B+18.2%	$8.3B+4.9%	$7.9B-23.5%	$10.3B-7.1%	$11.1B+0.3%	$11.0B+11.5%	$9.9B+13.2%	$8.8B+19.0%	$7.4B-7.7%	$8.0B-15.5%	$9.4B+8.4%	$8.7B-20.2%	$10.9B+75.4%	$6.2B
Retained Earnings	-$8.5B+0.4%	-$8.6B-5.0%	-$8.1B-11.9%	-$7.3B-39.7%	-$5.2B-2.1%	-$5.1B-31.4%	-$3.9B-13.2%	-$3.4B-34.0%	-$2.6B-1.7%	-$2.5B-7.1%	-$2.4B-40.4%	-$1.7B-236.8%	-$497.0M-72.0%	-$289.0M-660.5%	-$38.0M

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Total Assets	$121.8B+19.3%	$118.9B+24.0%	$115.1B+30.7%	$109.0B+21.6%	$102.0B+28.0%	$95.9B+33.4%	$88.0B+22.9%	$89.6B+28.0%
Cash & Equivalents	$457.0M-30.3%	$493.0M+8.4%	$450.0M-10.9%	$450.0M-11.2%	$656.0M+23.8%	$455.0M-9.9%	$505.0M-2.5%	$507.0M+2.8%
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Goodwill	N/A	N/A	$526.0M0.0%	N/A	N/A	N/A	$526.0M0.0%	N/A
Total Liabilities	$109.2B+19.1%	$106.7B+24.3%	$102.7B+31.2%	$97.5B+22.0%	$91.7B+29.1%	$85.8B+35.6%	$78.3B+23.5%	$79.9B+27.8%
Total Equity	$12.5B+21.2%	$12.2B+21.3%	$12.4B+27.0%	$11.4B+18.5%	$10.3B+19.6%	$10.0B+17.1%	$9.8B+18.2%	$9.7B+29.6%
Retained Earnings	-$8.9B+5.2%	-$9.1B-2.8%	-$8.5B+0.4%	-$9.0B-8.6%	-$9.4B-13.0%	-$8.9B-11.0%	-$8.6B-5.0%	-$8.3B-0.4%

Not reported in any period shown, so not listed: Current Assets, Inventory, Accounts Receivable, Current Liabilities, Non-Current Liabilities, Long-Term Debt.

AGNCL Cash Flow Statement

AGNCL quarterly cash flow statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Operating Cash Flow	$886.0M	$653.0M+659.3%	$86.0M+172.9%	-$118.0M-111.6%	$1.0B-34.2%	$1.5B-11.8%	$1.7B+48.1%	$1.2B+6.0%	$1.1B-11.7%	$1.3B-6.8%	$1.4B-5.3%	$1.4B-12.0%	$1.6B-35.1%	$2.5B+7.8%	$2.3B+116.9%	$1.1B
Stock-Based Compensation	N/A	$26.0M+44.4%	$18.0M+63.6%	$11.0M+450.0%	$2.0M-89.5%	$19.0M+5.6%	$18.0M+38.5%	$13.0M+116.7%	$6.0M+50.0%	$4.0M+300.0%	$1.0M	$0	$0-100.0%	$383K+35.8%	$282K+60.2%	$176K
Investing Cash Flow	-$21.4B	-$25.9B-131.6%	-$11.2B+23.9%	-$14.7B-231.1%	$11.2B+191.7%	$3.8B-89.5%	$36.5B+356.9%	-$14.2B+49.1%	-$27.9B-152.6%	-$11.1B-445.5%	$3.2B-21.8%	$4.1B-66.9%	$12.3B+39.1%	$8.9B+128.5%	-$31.2B+21.2%	-$39.6B
Financing Cash Flow	$20.4B	$25.2B+127.2%	$11.1B-22.1%	$14.2B+224.9%	-$11.4B-84.5%	-$6.2B+83.4%	-$37.2B-390.9%	$12.8B-52.6%	$27.0B+173.0%	$9.9B+274.5%	-$5.7B+7.6%	-$6.1B+57.4%	-$14.4B-23.4%	-$11.7B-139.0%	$29.9B-24.6%	$39.7B
Dividends Paid	$1.8B	$1.6B+29.0%	$1.2B+23.5%	$1.0B+15.7%	$869.0M+1.0%	$860.0M-11.3%	$970.0M-14.8%	$1.1B+16.9%	$974.0M+22.5%	$795.0M-0.5%	$799.0M-11.4%	$902.0M-17.6%	$1.1B-34.1%	$1.7B+17.2%	$1.4B+113.1%	$664.0M
Share Buybacks	N/A	N/A	$0	$0-100.0%	$51.0M-81.9%	$281.0M-25.7%	$378.0M+267.0%	$103.0M	$0	$0-100.0%	$116.0M-59.3%	$285.0M+285.1%	$74.0M-91.4%	$856.0M+1011.7%	$77.0M	$0

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Operating Cash Flow	$218.0M+21.1%	$387.0M+101.6%	$128.0M+62.0%	$153.0M+2085.7%	$180.0M+1000.0%	$192.0M+860.0%	$79.0M+354.8%	$7.0M+113.5%
Stock-Based Compensation	N/A	-$6.0M-50.0%	N/A	N/A	N/A	-$4.0M-300.0%	N/A	N/A
Investing Cash Flow	-$2.7B+21.9%	-$2.0B+65.2%	-$11.4B-330.5%	-$5.3B+44.5%	-$3.4B+51.2%	-$5.7B-1084.0%	$4.9B+228.4%	-$9.6B+3.3%
Financing Cash Flow	$1.9B-44.4%	$2.2B-59.4%	$11.1B+320.3%	$5.2B-45.0%	$3.4B-52.0%	$5.5B+1196.4%	-$5.0B-217.7%	$9.5B-7.5%
Dividends Paid	$458.0M+16.2%	$451.0M+24.2%	$428.0M+23.0%	$416.0M+30.8%	$394.0M+34.5%	$363.0M+28.7%	$348.0M+27.9%	$318.0M+26.2%

Not reported in any period shown, so not listed: Depreciation & Amortization, Capital Expenditures, Free Cash Flow, Share Buybacks.

AGNCL Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

AGNCL quarterly financial ratios

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Return on Equity	13.5%+4.6pp	8.8%+7.0pp	1.9%+17.0pp	-15.1%-22.4pp	7.3%+9.7pp	-2.4%-8.6pp	6.2%+4.9pp	1.3%-7.5pp	8.8%+0.3pp	8.5%+5.8pp	2.7%+5.2pp	-2.5%-17.0pp	14.5%+2.8pp	11.7%-0.7pp	12.4%
Return on Assets	1.5%+0.5pp	1.0%+0.8pp	0.2%+2.5pp	-2.3%-3.4pp	1.1%+1.4pp	-0.3%-0.9pp	0.6%+0.5pp	0.1%-1.0pp	1.1%0.0pp	1.1%+0.7pp	0.4%+0.7pp	-0.3%-2.0pp	1.7%+0.4pp	1.3%-0.1pp	1.3%
Debt-to-Equity	8.29+0.3x	8.02+0.3x	7.67+2.1x	5.580.0x	5.62-0.8x	6.38-2.9x	9.24-0.8x	10.03+3.0x	7.04+0.3x	6.73+0.6x	6.150.0x	6.19-1.6x	7.77-0.5x	8.22-0.1x	8.33

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Return on Equity	5.2%+6.6pp	-1.2%-1.7pp	N/A	7.0%+3.5pp	-1.4%-0.8pp	0.5%-4.7pp	N/A	3.6%+8.8pp
Return on Assets	0.5%+0.7pp	-0.1%-0.2pp	N/A	0.7%+0.4pp	-0.1%-0.1pp	0.1%-0.6pp	N/A	0.4%+0.9pp
Debt-to-Equity	8.71-0.2x	8.76+0.2x	8.29+0.3x	8.52+0.2x	8.86+0.6x	8.55+1.2x	8.02+0.3x	8.28-0.1x

Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Net Margin, Current Ratio, Asset Turnover, FCF Margin.

Where AGNC Investment Ranks

Frequently Asked Questions

Is AGNC Investment profitable?

Yes, AGNC Investment (AGNCL) reported a net income of $1.7B in fiscal year 2025.

Does AGNC Investment pay dividends?

Yes, AGNC Investment (AGNCL) paid $1.44 per share in dividends during fiscal year 2025.

What is AGNC Investment's return on equity (ROE)?

AGNC Investment (AGNCL) has a return on equity of 13.5% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is AGNC Investment's operating cash flow?

AGNC Investment (AGNCL) generated $653.0M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are AGNC Investment's total assets?

AGNC Investment (AGNCL) had $115.1B in total assets as of fiscal year 2025, including both current and long-term assets.

How many shares does AGNC Investment have outstanding?

AGNC Investment (AGNCL) had 1.11B shares outstanding as of fiscal year 2025.

What is AGNC Investment's debt-to-equity ratio?

AGNC Investment (AGNCL) had a debt-to-equity ratio of 8.29 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is AGNC Investment's return on assets (ROA)?

AGNC Investment (AGNCL) had a return on assets of 1.5% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is AGNC Investment's Piotroski F-Score?

AGNC Investment (AGNCL) has a Piotroski F-Score of 3 out of 5 computable signals; 4 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are AGNC Investment's earnings high quality?

AGNC Investment (AGNCL) has an earnings quality ratio of 0.39x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.