Federal National Mortgage Association Fannie Mae (FNMA) EBITDA (2009 - 2026)
Federal National Mortgage Association Fannie Mae (FNMA) posted quarterly EBITDA of $38.3 billion for Q2 2026, up 5.2% year-over-year from $36.4 billion in Q2 2025, and down 2.55% quarter-over-quarter from $39.3 billion in Q1 2026.
Federal National Mortgage Association Fannie Mae (FNMA) EBITDA (2009 - 2026) Analysis & Trends
Federal National Mortgage Association Fannie Mae (FNMA) has reported EBITDA for 18 consecutive years, with $38.3 billion the latest figure, recorded in Q2 2026.
- In Q2 2026, EBITDA rose 5.2% year-over-year to $38.3 billion; the TTM figure through Jun 2026 stood at $152.6 billion (down 0.67% YoY), while the FY2025 annual figure was $154.8 billion, up 3.14% from the prior year.
- EBITDA eased to $38.3 billion in Q2 2026 per FNMA's latest filing, from $39.3 billion in the prior quarter.
- Across five years, EBITDA topped out at $43.4 billion in Q4 2024 and bottomed at $26.6 billion in Q3 2022.
- Historically, EBITDA has averaged $35.1 billion across 5 years, with a median of $36.1 billion in 2024.
- Annual changes were most pronounced in 2023 — EBITDA soared 51.27% — and 2025, when it dropped 13.99%.
- Federal National Mortgage Association Fannie Mae's EBITDA stood at $27.5 billion in 2022, then soared by 51.27% to $41.6 billion in 2023, then advanced by 4.48% to $43.4 billion in 2024, then decreased by 13.99% to $37.4 billion in 2025, then rose by 2.54% to $38.3 billion in 2026.
- Business Quant data shows FNMA's EBITDA at $38.3 billion in Q2 2026, $39.3 billion in Q1 2026, and $37.4 billion in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA (Qtr) |
|---|---|---|---|---|---|
| 1 | Rocket Companies | 39.89 Bn | 36.79 Bn | - | 655.00 Mn |
| 2 | Federal National Mortgage Association Fannie Mae | 36.43 Bn | 36.43 Bn | - | 38.30 Bn |
| 3 | Federal Home Loan Mortgage | 18.24 Bn | 13.92 Bn | - | 33.04 Bn |
| 4 | PennyMac Financial Services | 3.95 Bn | 3.20 Bn | 480.08 Mn | 14.64 Mn |
| 5 | CNFinance Holdings | 1.54 Bn | 1.47 Bn | - | - |
| 6 | Walker & Dunlop | 1.34 Bn | 1.18 Bn | - | 18.88 Mn |
| 7 | Velocity Financial | 711.47 Mn | -6.74 Bn | - | 128.81 Mn |
| 8 | UWM Holdings | 482.66 Mn | -15.75 Mn | - | -313.98 Mn |
| 9 | Onity | 303.97 Mn | 107.67 Mn | - | 88.00 Mn |
| 10 | loanDepot | 201.58 Mn | -109.56 Mn | - | 30.82 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 38.30 Bn |
| Mar 31, 2026 | 39.31 Bn |
| Dec 31, 2025 | 37.36 Bn |
| Sep 30, 2025 | 37.63 Bn |
| Jun 30, 2025 | 36.41 Bn |
| Mar 31, 2025 | 37.99 Bn |
| Dec 31, 2024 | 43.43 Bn |
| Sep 30, 2024 | 35.79 Bn |
| Jun 30, 2024 | 35.61 Bn |
| Mar 31, 2024 | 36.81 Bn |
| Dec 31, 2023 | 41.57 Bn |
| Sep 30, 2023 | 34.14 Bn |
| Jun 30, 2023 | 33.58 Bn |
| Mar 31, 2023 | 31.97 Bn |
| Dec 31, 2022 | 27.48 Bn |
| Sep 30, 2022 | 26.59 Bn |
| Jun 30, 2022 | 27.52 Bn |
| Mar 31, 2022 | 30.05 Bn |
| Dec 31, 2021 | 24.93 Bn |
| Sep 30, 2021 | 24.12 Bn |