FNMA · Federal National Mortgage Association Fannie Mae - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $7.28B | - | $7.31B | $7.24B | $7.08B | - | $7.34B | $7.34B | $7.09B | - |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - | - | - | - | - |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | $745.00M | - | $819.00M | $847.00M | $992.00M | - | $925.00M | $939.00M | $929.00M | - |
| Total Operating Expenses | - | - | - | - | - | - | - | - | - | - |
| D&A | - | - | - | - | - | - | - | - | - | - |
| Operating Income | $4.66B | - | $4.83B | $4.15B | $4.58B | - | $5.05B | $5.60B | $5.43B | - |
| Interest Expense | - | - | - | - | - | - | - | - | $29.77B | - |
| Income Tax | $944.00M | - | $976.00M | $837.00M | $923.00M | - | $1.01B | $1.12B | $1.11B | - |
| Net Income | $3.72B | - | $3.86B | $3.32B | $3.66B | - | $4.04B | $4.48B | $4.32B | - |
| EPS - Basic | $0.01 | - | $0.00 | $0.00 | $0.00 | - | $0.00 | $0.00 | $0.00 | - |
| EPS - Diluted | $0.01 | - | $0.00 | $0.00 | $0.00 | - | $0.00 | $0.00 | $0.00 | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $45.26B | $42.58B | $39.38B | $38.23B | $39.35B | $38.85B | $38.15B | $41.91B | $12.52B | $35.82B |
| Accounts Receivable | - | - | - | - | - | - | - | - | - | - |
| Inventory | - | - | - | - | - | - | - | - | - | - |
| Accounts Payable | - | - | - | - | - | - | - | - | - | - |
| Current Assets | - | - | - | - | - | - | - | - | - | - |
| Total Assets | $4314.64B | $4317.54B | $4335.86B | $4338.23B | $4353.71B | $4349.73B | $4334.56B | $4323.89B | $4323.82B | $4325.44B |
| Current Liabilities | - | - | - | - | - | - | - | - | - | - |
| Long-term Debt | $4152.20B | $4155.89B | $4183.41B | $4199.42B | $4217.62B | $4216.91B | $4206.36B | $4200.96B | $4202.29B | $4205.40B |
| Total Liabilities | $4201.97B | $4208.53B | $4230.37B | $4236.59B | $4255.40B | $4255.07B | $4244.03B | $4237.41B | $4241.81B | $4247.76B |
| Stockholders' Equity | $112.67B | $109.01B | $105.48B | $101.64B | $98.31B | $94.66B | $90.53B | $86.48B | $82.01B | $77.68B |
| Retained Earnings | ($20.54B) | ($24.26B) | ($27.79B) | ($31.65B) | ($34.96B) | ($38.63B) | ($42.76B) | ($46.80B) | ($51.28B) | ($55.60B) |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $16.48B | - | - | - | $3.50B | - | - | - | $7.13B | - |
| Investing Cash Flow | $32.86B | - | - | - | $24.15B | - | - | - | ($12.29B) | - |
| Financing Cash Flow | ($46.66B) | - | - | - | ($28.67B) | - | - | - | ($30.29B) | - |
| CapEx | - | - | - | - | - | - | - | - | - | - |
| Free Cash Flow | - | - | - | - | - | - | - | - | - | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | - | - | - | - | - | - | - | - | - | - |
| Operating margin | 64.1% | - | 66.2% | 57.4% | 64.7% | - | 68.8% | 76.4% | 76.6% | - |
| EBITDA margin | - | - | - | - | - | - | - | - | - | - |
| Net margin | 51.1% | - | 52.8% | 45.8% | 51.7% | - | 55.1% | 61.1% | 60.9% | - |
| Free cash flow margin | - | - | - | - | - | - | - | - | - | - |
| FCF / Net income | - | - | - | - | - | - | - | - | - | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | 10.2% | - | 11.2% | 11.7% | 14.0% | - | 12.6% | 12.8% | 13.1% | - |
| Effective tax rate | 20.2% | - | 20.2% | 20.1% | 20.1% | - | 20.0% | 20.0% | 20.5% | - |
| Return on assets | 0.1% | - | 0.1% | 0.1% | 0.1% | - | 0.1% | 0.1% | 0.1% | - |
| Return on equity | 3.3% | - | 3.7% | 3.3% | 3.7% | - | 4.5% | 5.2% | 5.3% | - |
| Return on invested capital | 0.1% | - | 0.1% | 0.1% | 0.1% | - | 0.1% | 0.1% | 0.1% | - |
| Liquidity | ||||||||||
| Current ratio | - | - | - | - | - | - | - | - | - | - |
| Quick ratio | - | - | - | - | - | - | - | - | - | - |
| Cash ratio | - | - | - | - | - | - | - | - | - | - |
| Leverage | ||||||||||
| Debt / Equity | 36.85 | 38.12 | 39.66 | 41.32 | 42.90 | 44.55 | 46.46 | 48.58 | 51.24 | 54.14 |
| Debt / Assets | 0.96 | 0.96 | 0.96 | 0.97 | 0.97 | 0.97 | 0.97 | 0.97 | 0.97 | 0.97 |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Interest coverage | - | - | - | - | - | - | - | - | 0.2x | - |
| Equity multiplier | 38.30 | 39.61 | 41.10 | 42.68 | 44.28 | 45.95 | 47.88 | 50.00 | 52.73 | 55.68 |
| Liabilities / Assets | 0.97 | 0.97 | 0.98 | 0.98 | 0.98 | 0.98 | 0.98 | 0.98 | 0.98 | 0.98 |
| Efficiency | ||||||||||
| Asset turnover | 0.00 | - | 0.00 | 0.00 | 0.00 | - | 0.00 | 0.00 | 0.00 | - |
| Inventory turnover | - | - | - | - | - | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - | - | - | - | - | - |
| Days inventory outstanding | - | - | - | - | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | 726.0x | - | - | - | - | - | - | - | - | - |
| P / B | 0.4x | - | 0.7x | 0.6x | 0.4x | - | 0.1x | 0.1x | 0.1x | - |
| P / S | 5.9x | - | 9.7x | 7.7x | 5.3x | - | 0.9x | 1.1x | 1.3x | - |
| EV / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | 2.8% | - | -0.5% | -1.3% | -0.1% | - | 0.6% | 3.3% | 3.6% | - |
| Revenue CAGR (3y) | 2.1% | - | 0.4% | -2.8% | -1.8% | - | 1.2% | -4.4% | 1.3% | - |
| Revenue CAGR (5y) | 1.3% | - | 1.6% | 4.3% | 4.6% | - | 5.4% | 6.3% | 7.4% | - |
| Gross profit growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| Operating income growth (YoY) | 1.7% | - | -4.3% | -25.9% | -15.6% | - | -14.9% | -10.8% | 13.7% | - |
| Net income growth (YoY) | 1.6% | - | -4.6% | -26.0% | -15.3% | - | -13.9% | -10.2% | 14.5% | - |
| EPS growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | 14.6% | 15.2% | 16.5% | 17.5% | 19.9% | 21.9% | 22.8% | 25.3% | 28.0% | 28.9% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Business segments
$28.96B totalSingle Family Segment$24.17B · 83.5%
Multifamily Segment$4.79B · 16.5%
Peer comparison
Same SIC group: Federal & Federally-Sponsored Credit Agencies
| Company | Revenue (last FY) | Net margin | ROE |
|---|---|---|---|
| AGM | - | - | 12.1% |
Comparing FEDERAL NATIONAL MORTGAGE ASSOCIATION FANNIE MAE against the 1 most active filer in the same SIC group.
Dividends
$0.00/share trailing 12 months
| Ex-date | Per share |
|---|---|
| Aug 14, 2008 | $0.0500 |
| Apr 28, 2008 | $0.3500 |
| Jan 29, 2008 | $0.3500 |
| Oct 29, 2007 | $0.5000 |
| Jul 27, 2007 | $0.5000 |
| May 16, 2007 | $0.1000 |
| Apr 26, 2007 | $0.4000 |
| Jan 29, 2007 | $0.4000 |
| Oct 27, 2006 | $0.2600 |
| Jul 27, 2006 | $0.2600 |
| Apr 26, 2006 | $0.2600 |
| Jan 27, 2006 | $0.2600 |
| Oct 27, 2005 | $0.2600 |
| Jul 27, 2005 | $0.2600 |
| Apr 27, 2005 | $0.2600 |
| Jan 27, 2005 | $0.2600 |
| Oct 27, 2004 | $0.5200 |
| Jul 28, 2004 | $0.5200 |
| Apr 28, 2004 | $0.5200 |
| Jan 28, 2004 | $0.5200 |
| Oct 29, 2003 | $0.4500 |
| Jul 29, 2003 | $0.4500 |
| Apr 28, 2003 | $0.3900 |
| Jan 29, 2003 | $0.3900 |