Federal National Mortgage Association Fannie Mae (FNMA) EBITDA Margin (2009 - 2026)
Federal National Mortgage Association Fannie Mae (FNMA) reported EBITDA Margin of 51.31% for Q1 2026, up 59.0% year-over-year from 32.27% in Q1 2025, and up 4.56% quarter-over-quarter from 49.07% in Q4 2025.
Federal National Mortgage Association Fannie Mae (FNMA) EBITDA Margin (2009 - 2026) Analysis & Trends
Federal National Mortgage Association Fannie Mae (FNMA) has 18 years of EBITDA Margin data on file, last reported at 51.31% in Q1 2026.
- EBITDA Margin for Q1 2026 came in at 51.31%, up 59.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 49.37% (down 426.0% YoY), and the FY2025 annual result was 49.23%, down 589.0% from the prior year.
- EBITDA Margin grew to 51.31% in Q1 2026 per FNMA's latest filing, from 49.07% in the prior quarter.
- Over five years, EBITDA Margin peaked at 66.3% in Q2 2023 and troughed at 20.11% in Q4 2022.
- A 5-year average of 50.87% and a median of 52.99% in 2023 frame the typical range for EBITDA Margin.
- The sharpest annual moves came in 2022 and 2023: EBITDA Margin tumbled 4551 bps in 2022, then soared 3287 bps in 2023.
- A 5-year view of EBITDA Margin shows it stood at 20.11% in 2022, then surged by 163 bps to 52.99% in 2023, then dropped by 3 bps to 51.13% in 2024, then fell by 4 bps to 49.07% in 2025, then climbed by 5 bps to 51.31% in 2026.
- Business Quant data shows FNMA's EBITDA Margin at 51.31% in Q1 2026, 49.07% in Q4 2025, and 52.59% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Rocket Companies | 34.85 Bn | 32.16 Bn | - | 10.10% |
| 2 | PennyMac Financial Services | 4.14 Bn | 3.65 Bn | 523.89 Mn | 15.34% |
| 3 | Walker & Dunlop | 1.73 Bn | 1.55 Bn | - | 5.04% |
| 4 | UWM Holdings | 743.45 Mn | 1.57 Bn | - | 35.31% |
| 5 | Velocity Financial | 668.42 Mn | 583.96 Mn | - | - |
| 6 | CNFinance Holdings | 591.78 Mn | 542.97 Mn | - | - |
| 7 | Better Home & Finance Holding | 419.52 Mn | 349.24 Mn | - | -151.46% |
| 8 | Onity | 306.24 Mn | 306.24 Mn | - | 474.35% |
| 9 | loanDepot | 209.70 Mn | -4.79 Mn | - | -4.21% |
| 10 | Federal National Mortgage Association Fannie Mae | - | - | - | 51.31% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 51.31% |
| Dec 31, 2025 | 49.07% |
| Sep 30, 2025 | 52.59% |
| Jun 30, 2025 | 44.65% |
| Mar 31, 2025 | 50.71% |
| Dec 31, 2024 | 51.13% |
| Sep 30, 2024 | 54.65% |
| Jun 30, 2024 | 57.98% |
| Mar 31, 2024 | 56.92% |
| Dec 31, 2023 | 52.99% |
| Sep 30, 2023 | 57.80% |
| Jun 30, 2023 | 66.30% |
| Mar 31, 2023 | 53.99% |
| Dec 31, 2022 | 20.11% |
| Sep 30, 2022 | 33.11% |
| Jun 30, 2022 | 55.55% |
| Mar 31, 2022 | 55.99% |
| Dec 31, 2021 | 65.63% |
| Sep 30, 2021 | 66.06% |
| Jun 30, 2021 | 82.90% |