All currency values in $ millions unless otherwise noted
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| Income Statement | TTM | DEC 2025 | DEC 2024 | DEC 2023 | DEC 2022 | DEC 2021 |
|---|---|---|---|---|---|---|
| Revenues | ||||||
| Revenue | $27,627 | $27,358 | $29,255 | $30,718 | $23,458 | $35,078 |
| General & Administrative | $3,261 | $3,579 | $3,619 | $3,445 | $3,197 | $3,065 |
| Non-Operating | ||||||
| Net Interest Expense | $29,518 | $28,608 | $28,748 | $28,773 | $29,423 | $29,587 |
| EBT (Earnings Before Tax) | $19,175 | $17,983 | $21,269 | $21,956 | $16,233 | $27,949 |
| Income Tax Expense | $3,769 | $3,619 | $4,291 | $4,548 | $3,310 | $5,773 |
| Net Income | ||||||
| Net Income | $15,406 | $14,364 | $16,978 | $17,408 | $12,923 | $22,176 |
| Per Share Data | ||||||
| Revenue Per Share | $4.69 | $4.64 | $4.96 | $5.21 | $3.98 | $5.95 |
| EPS (Basic) | $0.22 | $0.00 | $0.00 | $0.00 | $0.00 | $0.01 |
| EPS (Diluted) | $0.22 | $0.00 | $0.00 | $0.00 | $0.00 | $0.01 |
| Weighted Avg Shares (Basic) | 5.87B | 5.87B | 5.87B | 5.87B | 5.87B | 5.87B |
| Weighted Avg Shares (Diluted) | 5.89B | 5.89B | 5.89B | 5.89B | 5.89B | 5.89B |
| Shares Outstanding | 5.89B | 5.89B | 5.89B | 5.89B | 5.89B | 5.89B |
Fannie Mae (FNMA) financials: revenue, profit and margins
Fannie Mae (FNMA) generated about $27.6 billion in revenue and $15.4 billion in net income (a 55.8% net margin) over the trailing twelve months, growing at roughly 2.1% a year. Figures are from SEC filings; this is analysis, not investment advice.
Frequently asked
What is Fannie Mae's (FNMA) revenue?+
Fannie Mae generated about $27.6 billion in revenue over the trailing twelve months. Revenue has grown at roughly 2.1% a year over the past five years. Revenue is the top line, before any costs; what matters for value is how much of it survives to free cash flow. The full income statement, balance sheet and cash-flow statement are on this tab.
Is Fannie Mae profitable?+
Yes, Fannie Mae reported about $15.4 billion in net income over the trailing twelve months, a net profit margin of roughly 55.8%. Net income is the bottom line after all costs, interest and taxes. Compare it to free cash flow on this tab, since reported profit and actual cash generated can diverge.
What are Fannie Mae's profit margins?+
Fannie Mae runs a net margin of about 55.8%. Margins show how much of each sales dollar a company keeps at each stage. Stable or rising margins usually signal pricing power and cost discipline; falling margins are worth investigating. See the multi-year trend on this tab.
How fast is Fannie Mae growing?+
Fannie Mae's revenue has compounded at roughly 2.1% a year over the past five years. Growth only creates value when it is profitable and cash-generative, so read this rate alongside FNMA's margins and free cash flow. This is analysis from SEC filings, not investment advice.
SourceFinancial statements computed from the 10-Q filed 9 Oct 2026, covering the period ending 30 Sept 2026, as reported to the SEC. Data last refreshed 29 Oct 2026. How this is calculated.
Fiscal year ends Dec.
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Held by ETFs
FNMA is in 8 US ETFs. The largest of them, with FNMA's weight in each:
Schwab U.S. Aggregate Bond ETFSCHZ0.14%of the fund
- GKScharf Global Opportunity ETFGKAT2.48%of the fund
Capital Group U.S. Large Value ETFCGVV0.37%of the fund
- MVMiller Value Partners Appreciation ETFMVPA0.52%of the fund
- LBLeatherback Long/Short Alternative Yield ETFLBAY2.20%of the fund
- FMThe Free Markets ETFFMKT0.47%of the fund
Spot a number that looks wrong? Check it in FNMA's SEC filings or
Download this analysis as a PDF (Pro)
Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
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