Federal National Mortgage Association Fannie Mae (FNMA) EBT Margin (2009 - 2026)

Federal National Mortgage Association Fannie Mae's (FNMA) quarterly EBT Margin came in at 84.74% in Q1 2026, up 591.0% year-on-year from 12.26% in Q1 2025, and up 38.12% on a QoQ basis from 61.35% in Q4 2025.

Federal National Mortgage Association Fannie Mae (FNMA) EBT Margin (2009 - 2026) Analysis & Trends

Federal National Mortgage Association Fannie Mae (FNMA) has 18 years of EBT Margin data on file, last reported at 84.74% in Q1 2026.

  • On a quarterly basis, EBT Margin rose 591.0% year-over-year to 84.74% in Q1 2026; TTM through Mar 2026 was 66.11%, a 586.0% increase from a year earlier, with the FY2025 full-year figure at 80.28%, down 893.0% from the prior year.
  • EBT Margin for Q1 2026 stood at 84.74%, up from 61.35% in the prior quarter.
  • Over the last five years, EBT Margin for FNMA reached as high as 182.01% in Q1 2022 and fell as low as 31.18% in Q4 2022.
  • Historically, EBT Margin has averaged 73.2% across 5 years, with a median of 72.64% in 2023.
  • Across the five-year window, EBT Margin jumped 38325 bps in 2022 and sank 10936 bps in 2023, its largest moves.
  • Year by year, EBT Margin stood at 31.18% in 2022, then soared by 76 bps to 54.78% in 2023, then retreated by 29 bps to 39.14% in 2024, then surged by 57 bps to 61.35% in 2025, then soared by 38 bps to 84.74% in 2026.
  • Per Business Quant data, the three most recent EBT Margin figures were 84.74% in Q1 2026, 61.35% in Q4 2025, and 66.06% in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) EBT Margin (Qtr)
1 Rocket Companies 38.33 Bn 35.64 Bn - 13.60%
2 Federal National Mortgage Association Fannie Mae 35.67 Bn 35.67 Bn - 84.74%
3 Federal Home Loan Mortgage 18.11 Bn 13.64 Bn - 72.25%
4 PennyMac Financial Services 4.41 Bn 3.76 Bn 523.89 Mn 19.21%
5 CNFinance Holdings 3.28 Bn 3.20 Bn - -
6 Walker & Dunlop 1.64 Bn 1.44 Bn - 8.61%
7 Velocity Financial 681.36 Mn -6.51 Bn - -31.11%
8 UWM Holdings 540.43 Mn 116.43 Mn - 19.69%
9 Better Home & Finance Holding 362.34 Mn 298.07 Mn - -107.20%
10 Onity 340.51 Mn 215.81 Mn - 41.36%

Historic Data

Download Data
DateValue
Mar 31, 2026 84.74%
Dec 31, 2025 61.35%
Sep 30, 2025 66.06%
Jun 30, 2025 56.80%
Mar 31, 2025 78.83%
Dec 31, 2024 39.14%
Sep 30, 2024 68.24%
Jun 30, 2024 75.30%
Mar 31, 2024 98.37%
Dec 31, 2023 54.78%
Sep 30, 2023 76.61%
Jun 30, 2023 86.11%
Mar 31, 2023 72.64%
Dec 31, 2022 31.18%
Sep 30, 2022 39.37%
Jun 30, 2022 72.81%
Mar 31, 2022 182.01%
Dec 31, 2021 18.19%
Sep 30, 2021 83.57%
Jun 30, 2021 105.46%