Systems and methods are provided for tracking and compensating for analog gain mismatches or changes in a receiver. In an embodiment, a method is provided to track analog gain step magnitudes during operation of a device. The method includes employing an error signal between an automatic gain control (AGC) output and a reference level as input to a gain step magnitude tracking component. This also includes determining at least one compensation value from the AGC output to update a nominal gain step magnitude that tracks an actual gain step magnitude.