Federal National Mortgage Association Fannie Mae (FNMA) Cash from Operations (2009 - 2026)
Federal National Mortgage Association Fannie Mae's Cash from Operations was $876 million in Q3 2026, down 90.9% from $9.59 billion a year earlier and down 90.5% 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 $32.6 billion through Sep 30, 2026, up 480.8% year-over-year; 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.
- The Q3 2026 figure marks the lowest quarterly Cash from Operations since Q4 2024.
- Compared with a year earlier, Cash from Operations was higher in three of the last five quarters, with growth averaging 109.4%.
- The best year-over-year quarter for Cash from Operations over five years was Q1 2026 (growth of 370.3%); the worst was Q3 2026 (a decline of 90.9%).
- Per Business Quant data, FNMA's Cash from Operations in the three quarters before Q3 2026 was $9.25 billion (Q2 2026), $16.48 billion (Q1 2026) and $5.99 billion (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cash from Ops. (Qtr) |
|---|---|---|---|---|---|
| 1 | Orix | 41.05 Bn | 9.77 Bn | 12.74 Bn | - |
| 2 | Rocket Companies | 38.89 Bn | 38.89 Bn | - | - |
| 3 | Federal National Mortgage Association Fannie Mae | 29.69 Bn | 29.69 Bn | - | 876.00 Mn |
| 4 | Royalty Pharma | 29.66 Bn | 26.62 Bn | - | 728.46 Mn |
| 5 | Affirm Holdings | 24.82 Bn | 18.51 Bn | - | 296.16 Mn |
| 6 | Synchrony Financial | 24.44 Bn | -43.18 Bn | - | 2.50 Bn |
| 7 | Royal Gold | 20.08 Bn | 19.25 Bn | 390.45 Mn | 335.15 Mn |
| 8 | Federal Home Loan Mortgage | 15.14 Bn | 15.14 Bn | - | - |
| 9 | Annaly Capital Management | 14.11 Bn | 5.07 Bn | - | 2.86 Bn |
| 10 | Ares Capital | 13.96 Bn | 11.71 Bn | - | 1.05 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 876.00 Mn |
| 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 |
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();