National Rural Utilities Cooperative Finance annual return on equity
2011
2012
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2015
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2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
National Rural Utilities Cooperative Finance Return on Equity (ROE) Growth & History (NRUC)
National Rural Utilities Cooperative Finance's return on equity was 8.23% for fiscal 2026.
View full National Rural Utilities Cooperative Finance company overviewNational Rural Utilities Cooperative Finance annual return on equity history
| Fiscal year | Period ended | Return on equity | Change (percentage points) |
|---|---|---|---|
| 2026 | 2026-05-31 | 8.23% | +3.62 pp |
| 2025 | 2025-05-31 | 4.60% | −15.33 pp |
| 2024 | 2024-05-31 | 19.93% | −1.52 pp |
| 2023 | 2023-05-31 | 21.45% | −24.17 pp |
| 2022 | 2022-05-31 | 45.61% | −35.51 pp |
| 2021 | 2021-05-31 | 81.12% | +142.64 pp |
| 2020 | 2020-05-31 | −61.51% | −50.66 pp |
| 2019 | 2019-05-31 | −10.85% | −46.63 pp |
| 2018 | 2018-05-31 | 35.78% | +2.48 pp |
| 2017 | 2017-05-31 | 33.30% | +39.23 pp |
| 2016 | 2016-05-31 | −5.93% | −3.84 pp |
| 2015 | 2015-05-31 | −2.08% | −23.89 pp |
| 2014 | 2014-05-31 | 21.81% | −33.35 pp |
| 2013 | 2013-05-31 | 55.16% | +80.14 pp |
| 2012 | 2012-05-31 | −24.98% | −48.66 pp |
| 2011 | 2011-05-31 | 23.68% | — |
National Rural Utilities Cooperative Finance quarterly return on equity
Q1.12
Q2.12
Q3.12
Q4.12
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Q3.13
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Q4.16
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Q1.24
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Q3.26
Q4.26
| Fiscal quarter | Period ended | Return on equity | Change (percentage points) |
|---|---|---|---|
| Q4 2026 | 2026-05-31 | 6.77% | +4.36 pp |
| Q3 2026 | 2026-02-28 | 0.73% | −2.17 pp |
| Q2 2026 | 2025-11-30 | 0.64% | −4.42 pp |
| Q1 2026 | 2025-08-31 | 0.16% | +5.83 pp |
| Q4 2025 | 2025-05-31 | 2.40% | −2.58 pp |
| Q3 2025 | 2025-02-28 | 2.90% | +1.80 pp |
| Q2 2025 | 2024-11-30 | 5.06% | −0.25 pp |
| Q1 2025 | 2024-08-31 | −5.68% | −14.31 pp |
| Q4 2024 | 2024-05-31 | 4.99% | +5.48 pp |
| Q3 2024 | 2024-02-29 | 1.10% | −5.44 pp |
| Q2 2024 | 2023-11-30 | 5.32% | −2.89 pp |
| Q1 2024 | 2023-08-31 | 8.63% | +1.17 pp |
| Q4 2023 | 2023-05-31 | −0.50% | −26.67 pp |
| Q3 2023 | 2023-02-28 | 6.54% | −10.91 pp |
| Q2 2023 | 2022-11-30 | 8.21% | −2.21 pp |
| Q1 2023 | 2022-08-31 | 7.47% | +14.37 pp |
| Q4 2022 | 2022-05-31 | 26.17% | +16.28 pp |
| Q3 2022 | 2022-02-28 | 17.45% | −18.35 pp |
| Q2 2022 | 2021-11-30 | 10.42% | −9.93 pp |
| Q1 2022 | 2021-08-31 | −6.91% | −28.58 pp |
| Q4 2021 | 2021-05-31 | 9.89% | +40.75 pp |
| Q3 2021 | 2021-02-28 | 35.80% | +63.50 pp |
| Q2 2021 | 2020-11-30 | 20.35% | −3.53 pp |
| Q1 2021 | 2020-08-31 | 21.67% | +51.42 pp |
| Q4 2020 | 2020-05-31 | −30.86% | −13.33 pp |
| Q3 2020 | 2020-02-29 | −27.70% | −23.15 pp |
| Q2 2020 | 2019-11-30 | 23.87% | +16.10 pp |
| Q1 2020 | 2019-08-31 | −29.74% | −33.00 pp |
| Q4 2019 | 2019-05-31 | −17.54% | −20.92 pp |
| Q3 2019 | 2019-02-28 | −4.55% | −21.19 pp |
| Q2 2019 | 2018-11-30 | 7.77% | −8.07 pp |
| Q1 2019 | 2018-08-31 | 3.25% | +2.38 pp |
| Q4 2018 | 2018-05-31 | 3.38% | +7.84 pp |
| Q3 2018 | 2018-02-28 | 16.64% | +7.51 pp |
| Q2 2018 | 2017-11-30 | 15.84% | −31.93 pp |
| Q1 2018 | 2017-08-31 | 0.87% | +19.42 pp |
| Q4 2017 | 2017-05-31 | −4.46% | −18.52 pp |
| Q3 2017 | 2017-02-28 | 9.14% | +31.36 pp |
| Q2 2017 | 2016-11-30 | 47.77% | +50.52 pp |
| Q1 2017 | 2016-08-31 | −18.56% | −23.45 pp |
| Q4 2016 | 2016-05-31 | 14.06% | +10.58 pp |
| Q3 2016 | 2016-02-29 | −22.23% | −18.34 pp |
| Q2 2016 | 2015-11-30 | −2.75% | +1.18 pp |
| Q1 2016 | 2015-08-31 | 4.89% | +2.71 pp |
| Q4 2015 | 2015-05-31 | 3.47% | +5.44 pp |
| Q3 2015 | 2015-02-28 | −3.89% | −6.87 pp |
| Q2 2015 | 2014-11-30 | −3.93% | −6.63 pp |
| Q1 2015 | 2014-08-31 | 2.18% | −16.02 pp |
| Q4 2014 | 2014-05-31 | −1.96% | −29.45 pp |
| Q3 2014 | 2014-02-28 | 2.98% | −12.71 pp |
| Q2 2014 | 2013-11-30 | 2.70% | −9.42 pp |
| Q1 2014 | 2013-08-31 | 18.20% | +15.52 pp |
| Q4 2013 | 2013-05-31 | 27.49% | +26.80 pp |
| Q3 2013 | 2013-02-28 | 15.69% | +23.16 pp |
| Q2 2013 | 2012-11-30 | 12.12% | +17.16 pp |
| Q1 2013 | 2012-08-31 | 2.68% | +16.45 pp |
| Q4 2012 | 2012-05-31 | 0.69% | — |
| Q3 2012 | 2012-02-29 | −7.47% | — |
| Q2 2012 | 2011-11-30 | −5.04% | — |
| Q1 2012 | 2011-08-31 | −13.77% | — |
National Rural Utilities Cooperative Finance return on equity trends
Over the last five fiscal years, National Rural Utilities Cooperative Finance's return on equity decreased from 81.12% to 8.23%, a change of −72.90 percentage points. The latest reported quarter, Q4 2026, shows 6.77%.
About the metric
What return on equity (ROE) means
Return on equity (ROE) measures how much net income a company generates relative to shareholders’ equity. It can help evaluate how efficiently equity capital is used, but unusually high or negative values may reflect leverage, losses, or a small equity base.
Calculation and source
How return on equity is calculated
TickerStat calculates ROE as SEC-reported net income divided by average stockholders’ equity at the beginning and end of the fiscal period. Periods with missing or non-positive average equity are omitted. Quarterly ROE uses quarterly net income and is not annualized. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review National Rural Utilities Cooperative Finance source filings ↗