National Rural Utilities Cooperative Finance Corp (NRUC) Financial Statements
Industry: Miscellaneous Business Credit Institution
In fiscal 2026, National Rural Utilities Cooperative Finance reported revenue of $413.8M, up 45.5% from $284.4M the year before. Net income was $262.1M (a 63.3% net margin). Net interest income was $301.8M, and the efficiency ratio (noninterest expense / revenue) was 38.9%. Operating activities generated $310.5M of cash, leaving $308.8M of free cash flow. At fiscal year end, National Rural Utilities Cooperative Finance held $39.70B in total assets against $36.39B in total liabilities, including $248.8M of cash and equivalents.
Open the full interactive National Rural Utilities Cooperative Finance financials → Quarterly statements, key ratios, valuation history and price charts.
National Rural Utilities Cooperative Finance Key Stats
| Share Price | $19.93 |
|---|---|
| Revenue YoY Growth | +45.5% |
| 52-Week Range | $19.68 – $23.94 |
National Rural Utilities Cooperative Finance Income Statement
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | FY 2026 | |
|---|---|---|---|---|---|---|
| Net Interest Income | $414.5M | $435.7M | $315.2M | $254.3M | $261.0M | $301.8M |
| Provision for Credit Losses | $28.5M | -$18.0M | $603,000 | -$5.5M | -$8.1M | -$10.4M |
| Noninterest Income | $526.7M | $443.5M | $299.0M | $425.6M | $23.4M | $112.0M |
| Noninterest Expense | $97.8M | $97.5M | $111.2M | $129.6M | $152.3M | $161.1M |
| Revenue | $941.3M | $879.2M | $614.2M | $679.9M | $284.4M | $413.8M |
| Pre-Tax Income | $815.0M | $797.0M | $502.3M | $554.9M | $139.9M | $262.4M |
| Income Tax | $998,000 | $1.1M | $800,000 | $1.5M | $188,000 | $334,000 |
| Net Income | $811.7M | $795.8M | $501.5M | $553.3M | $139.7M | $262.1M |
National Rural Utilities Cooperative Finance Quarterly Results
| 2026 Q2 | 2026 Q3 | 2026 Q4 | 2027 Q1 | |
|---|---|---|---|---|
| Revenue | $59.0M | $53.8M | $253.6M | $182.1M |
| Net Income | $19.6M | $22.4M | $215.4M | $134.9M |
National Rural Utilities Cooperative Finance Balance Sheet
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | FY 2026 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $295.1M | $153.6M | $198.9M | $280.1M | $134.7M | $248.8M |
| Loans (Net) | — | $30.00B | $32.48B | $34.49B | $37.04B | $38.39B |
| Total Assets | $29.64B | $31.25B | $34.01B | $36.18B | $38.33B | $39.70B |
| Total Long-Term Debt | $20.60B | $21.55B | $23.95B | $25.90B | $27.16B | $28.35B |
| Total Liabilities | $28.24B | $29.11B | $31.42B | $33.17B | $35.22B | $36.39B |
| Shareholders' Equity | $1.37B | $2.11B | $2.56B | $2.99B | $3.08B | $3.29B |
National Rural Utilities Cooperative Finance Cash Flow Statement
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | FY 2026 | |
|---|---|---|---|---|---|---|
| Cash From Operations | $240.0M | $250.8M | $337.8M | $320.6M | $207.5M | $310.5M |
| Cash From Investing | -$1.97B | -$1.63B | -$2.46B | -$1.82B | -$2.32B | -$1.27B |
| Cash From Financing | $1.36B | $1.24B | $2.17B | $1.58B | $1.97B | $1.08B |
| Free Cash Flow | $230.1M | $233.1M | $330.1M | $314.5M | $202.8M | $308.8M |
Figures from National Rural Utilities Cooperative Finance's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full National Rural Utilities Cooperative Finance financials page for every line item.
National Rural Utilities Cooperative Finance Company Profile
| Ticker | NRUC |
|---|---|
| Exchange | NYSE |
| Industry | Miscellaneous Business Credit Institution |
| Headquarters | Dulles, Virginia |
| Incorporated in | District of Columbia |
| Fiscal Year End | May 31 |
| SEC Filer Category | Non-accelerated filer |
| SEC CIK | 0000070502 |
Frequently Asked Questions
What was National Rural Utilities Cooperative Finance's revenue in fiscal 2026?
National Rural Utilities Cooperative Finance (NRUC) reported revenue of $413.8M for fiscal 2026.
What is National Rural Utilities Cooperative Finance's annual revenue history?
National Rural Utilities Cooperative Finance's annual revenue by fiscal year: 2021: $941.3M; 2022: $879.2M; 2023: $614.2M; 2024: $679.9M; 2025: $284.4M; 2026: $413.8M.
What was National Rural Utilities Cooperative Finance's net income in fiscal 2026?
National Rural Utilities Cooperative Finance reported net income of $262.1M for fiscal 2026.
How much free cash flow did National Rural Utilities Cooperative Finance generate in fiscal 2026?
National Rural Utilities Cooperative Finance generated $308.8M of free cash flow in fiscal 2026.
What was National Rural Utilities Cooperative Finance's revenue last quarter?
In its most recent reported quarter (2027 Q1), National Rural Utilities Cooperative Finance reported revenue of $182.1M.
How much debt does National Rural Utilities Cooperative Finance have?
National Rural Utilities Cooperative Finance reported $28.35B of long-term debt, including the current portion, at the end of fiscal 2026.
When does National Rural Utilities Cooperative Finance's fiscal year end?
National Rural Utilities Cooperative Finance's fiscal year end, as registered with the SEC, is May 31.
Where is National Rural Utilities Cooperative Finance headquartered?
National Rural Utilities Cooperative Finance lists its business address in Dulles, Virginia in its SEC filings.