Federal National Mortgage Association Fannie Mae (FNMA) Cash from Operations (2009 - 2026)
Federal National Mortgage Association Fannie Mae's Cash from Operations was $9.25 billion in Q2 2026, up 88.5% from $4.91 billion a year earlier but down 43.9% from the prior quarter.
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Analysis
Federal National Mortgage Association Fannie Mae (FNMA) Cash from Operations (2009 - 2026) Analysis & Trends
On a trailing twelve-month basis, Federal National Mortgage Association Fannie Mae's Cash from Operations was $41.31 billion through Jun 30, 2026; for FY2025, it came in at $23.99 billion.
- In earlier years, Cash from Operations was -$10.52 billion in FY2024, $11.88 billion in FY2023 (-72.9%), $43.83 billion in FY2022 (-7.2%) and $47.21 billion in FY2021.
- Quarterly Cash from Operations has moved between -$12.38 billion (Q4 2024) and $20.81 billion (Q2 2022) over five years.
- Compared with a year earlier, Cash from Operations was higher in three of the last four quarters, with growth averaging 159.5%.
- The best year-over-year quarter for Cash from Operations over five years was Q1 2026 (growth of 370.3%); the worst was Q2 2023 (a decline of 89.3%).
- Per Business Quant data, FNMA's Cash from Operations in the three quarters before Q2 2026 was $16.48 billion (Q1 2026), $5.99 billion (Q4 2025) and $9.59 billion (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cash from Ops. (Qtr) |
|---|---|---|---|---|---|
| 1 | Orix | 41.18 Bn | 9.90 Bn | 4.68 Bn | - |
| 2 | Rocket Companies | 30.87 Bn | 16.55 Bn | - | -1.21 Bn |
| 3 | Affirm Holdings | 26.11 Bn | 19.80 Bn | - | 296.16 Mn |
| 4 | Royalty Pharma | 25.20 Bn | 22.16 Bn | - | 728.46 Mn |
| 5 | Synchrony Financial | 24.32 Bn | -43.65 Bn | - | 2.42 Bn |
| 6 | Federal National Mortgage Association Fannie Mae | 20.83 Bn | 20.83 Bn | - | 9.25 Bn |
| 7 | Royal Gold | 19.70 Bn | 18.88 Bn | 390.45 Mn | 335.15 Mn |
| 8 | Ares Capital | 13.30 Bn | 10.74 Bn | - | 336.00 Mn |
| 9 | Annaly Capital Management | 13.26 Bn | 4.30 Bn | - | 1.62 Bn |
| 10 | Federal Home Loan Mortgage | 10.54 Bn | -8.20 Bn | - | 2.76 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 9.25 Bn |
| Mar 31, 2026 | 16.48 Bn |
| Dec 31, 2025 | 5.99 Bn |
| Sep 30, 2025 | 9.59 Bn |
| Jun 30, 2025 | 4.91 Bn |
| Mar 31, 2025 | 3.51 Bn |
| Dec 31, 2024 | -12.38 Bn |
| Sep 30, 2024 | -6.76 Bn |
| Jun 30, 2024 | 1.49 Bn |
| Mar 31, 2024 | 7.14 Bn |
| Dec 31, 2023 | 2.04 Bn |
| Sep 30, 2023 | 3.60 Bn |
| Jun 30, 2023 | 2.23 Bn |
| Mar 31, 2023 | 4.02 Bn |
| Dec 31, 2022 | 10.42 Bn |
| Sep 30, 2022 | 9.25 Bn |
| Jun 30, 2022 | 20.81 Bn |
| Mar 31, 2022 | 3.36 Bn |
| Dec 31, 2021 | 10.16 Bn |
| Sep 30, 2021 | -2.98 Bn |
API Access
Federal National Mortgage Association Fannie Mae Cash from Operations API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=cash-from-operations&ticker=FNMA&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "cash-from-operations", "ticker": "FNMA", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=cash-from-operations&ticker=FNMA&period=max&api_key=YOUR_API_KEY");
const data = await res.json();