Flagship explainer
How NATIONAL RURAL UTILITIES COOPERATIVE FINANCE CORPORATION earns its spread
Start with net interest income, then follow the filed path to net income.
| Filed line | Value | % of net interest income | Source |
|---|---|---|---|
| $302M | 100% |
| |
| Income before tax | $262M | 87% |
|
| Income tax | $334000 | 0% |
|
| $262M | 87% |
|
Source:
- SEC filing · FY 2026Filing detailsAccession 0000070502-26-000511