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Get filing alertsRocket Companies reports Q2 revenue of $2.78B, net income of $229M, record market share
Filed August 6, 2026 · Period ending August 6, 2026 · ~1 min read
Key Changes
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Q2 2026 revenue reached $2.78 billion with net income of $229 million, up from $1.45 billion revenue and $34 million net income in Q2 2025. Adjusted EBITDA hit $766 million versus $172 million prior year.
Exhibit 99.1 view on EDGAR → -
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Purchase market share rose to 6.2% from 5.5% in Q4 2025, while refinance market share climbed to 14.3% from 12.2%, both reaching record levels for the company.
Exhibit 99.1 view on EDGAR → -
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Q3 2026 guidance projects adjusted revenue between $2.5 billion and $2.7 billion, representing a sequential decline from Q2's $2.76 billion.
Exhibit 99.1 view on EDGAR → -
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Issued $1.5 billion in senior notes on June 9 (6.125% due 2031 and 6.500% due 2034) to refinance existing debt. The offering was seven times oversubscribed and upsized from $1.2 billion.
Exhibit 99.1 view on EDGAR → -
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Sold $53 billion in mortgage servicing rights generating $795 million in cash proceeds while retaining subservicing and recapture rights on nearly 80% of the sold MSRs.
Exhibit 99.1 view on EDGAR →
Summary
Rocket Companies delivered its strongest quarterly performance in four years, with Q2 2026 revenue nearly doubling year-over-year to $2.78 billion and net income surging to $229 million from $34 million. The company achieved record market share in both purchase (6.2%) and refinance (14.3%) segments, demonstrating competitive strength despite challenging housing market conditions.
The $2.0 trillion servicing portfolio provides a substantial recapture opportunity as rates evolve. The company refinanced its capital structure with a $1.5 billion senior notes offering that was significantly oversubscribed, suggesting strong investor confidence.
Management's Q3 guidance of $2.5-2.7 billion in adjusted revenue indicates an expected sequential decline, likely reflecting seasonal patterns or market headwinds. The MSR sales strategy—monetizing $53 billion in servicing rights while retaining client relationships on 80%—balances immediate cash generation with long-term origination potential. For retail holders, the quarter demonstrates Rocket's ability to gain share and generate substantial profitability in a recovering mortgage market.
Section-by-Section Diff
Event · Item 7.01 — Regulation FD Disclosure
Rocket Companies disclosed Q2 2026 earnings results and made supplemental financial information available on its investor relations website.
Added in current filing · verify on EDGAR →
On August 6, 2026, the Company made available on its website at https://ir.rocketcompanies.com/home/default.aspx supplemental financial information with respect to the results for the second quarter ended June 30, 2026.
Rocket Companies published supplemental financial information for the second quarter ended June 30, 2026, on its investor relations website. The 8-K references Item 2.02 (which typically covers earnings releases) but does not include the actual financial results in the body text provided.
Show 1 minor / wording change
Added in current filing · verify on EDGAR →
The information furnished pursuant to Item 2.02, including Exhibit 99.1, and Item 7.01 shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act") or otherwise subject to the liabilities under that section and shall not be deemed to be incorporated by reference into any filing of the Company under the Securities Act of 1933, as amended, or the Exchange Act.
The company clarified that the earnings information disclosed under Items 2.02 and 7.01, including Exhibit 99.1, is furnished rather than filed, meaning it is not subject to Section 18 liability under the Exchange Act and will not be incorporated by reference into other SEC filings. This is standard practice for earnings releases under Regulation FD.
Event · Exhibit 99.1
Rocket Companies reported Q2 2026 results with $2.78B revenue, $229M net income, record purchase and refinance market share, and $1.5B senior notes issuance.
Added in current filing · view on EDGAR →
On June 9, Rocket Companies issued $1.5 billion of senior notes, including $900 million of 6.125% senior notes due 2031 and $600 million of 6.500% senior notes due 2034. The proceeds were used to redeem outstanding senior notes and repay other existing debt. The offering was more than seven times oversubscribed and was upsized to $1.5 billion from the originally announced $1.2 billion.
Rocket Companies completed a $1.5 billion senior notes offering on June 9, 2026, consisting of $900 million of 6.125% notes due 2031 and $600 million of 6.500% notes due 2034. The offering was significantly oversubscribed and upsized from the original $1.2 billion target. Proceeds were used to refinance existing debt, representing a capital structure optimization.
Added in current filing · view on EDGAR →
Total servicing portfolio unpaid principal balance was $2.0 trillion or 9.1 million loans serviced as of June 30, 2026, reinforcing the potential to drive significant recapture opportunity from the industry's largest portfolio. During Q2'26, Mortgage servicing rights ("MSR") sales totaled $53 billion of UPB, generating $795 million of cash proceeds. We retained subservicing and recapture services on nearly 80% of the MSRs sold.
Rocket maintained a $2.0 trillion servicing portfolio representing 9.1 million loans as of June 30, 2026. During the quarter, the company sold $53 billion in mortgage servicing rights, generating $795 million in cash proceeds while retaining subservicing and recapture rights on nearly 80% of the sold MSRs. This strategy allows Rocket to monetize MSRs while preserving client relationships and future origination opportunities.
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Figures/quotes linked to EDGAR · Narrative written by AI · Aug 7, 2026 · How we verify