Federal National Mortgage Association Fannie Mae (FNMA) EBITDA (2009 - 2026)
Federal National Mortgage Association Fannie Mae's (FNMA) quarterly EBITDA came in at $38.3 billion in Q2 2026, up 5.2% year-over-year from $36.4 billion in Q2 2025, and up 1.63% quarter-over-quarter from $37.7 billion in Q1 2026.
Analysis
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.
- On a quarterly basis, EBITDA rose 5.2% year-over-year to $38.3 billion in Q2 2026; TTM through Jun 2026 was $151.0 billion, a 3.92% increase from a year earlier, with the FY2025 full-year figure at $148.0 billion, up 3.43% from the prior year.
- EBITDA was $38.3 billion for Q2 2026 at Federal National Mortgage Association Fannie Mae, up from $37.7 billion in the prior quarter.
- Over five years, EBITDA peaked at $38.3 billion in Q2 2026 and troughed at $25.5 billion in Q1 2022.
- A 5-year average of $33.7 billion and a median of $35.4 billion in 2024 frame the typical range for EBITDA.
- Across the five-year window, EBITDA climbed 28.37% in 2023 and gained 2.24% in 2025, its largest moves.
- Over 5 years, EBITDA stood at $27.5 billion in 2022, then increased by 22.32% to $33.6 billion in 2023, then grew by 8.52% to $36.5 billion in 2024, then increased by 2.41% to $37.4 billion in 2025, then grew by 2.54% to $38.3 billion in 2026.
- The last three EBITDA figures came in at $38.3 billion (Q2 2026), $37.7 billion (Q1 2026), and $37.4 billion (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA (Qtr) |
|---|---|---|---|---|---|
| 1 | Rocket Companies | 46.15 Bn | 43.05 Bn | - | 655.00 Mn |
| 2 | Federal National Mortgage Association Fannie Mae | 30.33 Bn | 30.33 Bn | - | 38.30 Bn |
| 3 | Figure Technology Solutions | 7.94 Bn | 6.40 Bn | 196.67 Mn | 77.74 Mn |
| 4 | PennyMac Financial Services | 3.45 Bn | 2.70 Bn | 480.08 Mn | 14.64 Mn |
| 5 | Federal Agricultural Mortgage | 2.40 Bn | 1.36 Bn | - | 414.02 Mn |
| 6 | UWM Holdings | 2.01 Bn | 2.36 Bn | - | -313.98 Mn |
| 7 | Walker & Dunlop | 1.26 Bn | 1.11 Bn | - | 18.88 Mn |
| 8 | CNFinance Holdings | 1.25 Bn | 1.25 Bn | - | - |
| 9 | Velocity Financial | 630.27 Mn | -6.82 Bn | - | 128.81 Mn |
| 10 | Onity | 266.14 Mn | 69.84 Mn | - | 88.00 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 38.30 Bn |
| Mar 31, 2026 | 37.69 Bn |
| Dec 31, 2025 | 37.36 Bn |
| Sep 30, 2025 | 37.63 Bn |
| Jun 30, 2025 | 36.41 Bn |
| Mar 31, 2025 | 36.60 Bn |
| Dec 31, 2024 | 36.48 Bn |
| Sep 30, 2024 | 35.79 Bn |
| Jun 30, 2024 | 35.61 Bn |
| Mar 31, 2024 | 35.21 Bn |
| Dec 31, 2023 | 33.61 Bn |
| Sep 30, 2023 | 34.14 Bn |
| Jun 30, 2023 | 33.58 Bn |
| Mar 31, 2023 | 31.56 Bn |
| Dec 31, 2022 | 27.48 Bn |
| Sep 30, 2022 | 26.59 Bn |
| Jun 30, 2022 | 27.52 Bn |
| Mar 31, 2022 | 25.51 Bn |
| Dec 31, 2021 | 24.93 Bn |
| Sep 30, 2021 | 24.12 Bn |